Who do I contact if I have questions not covered here?
Please contact the Fund My Future office at 833-SAVEWIN (728-3946) or email us at fundmyfuturepa.org and a member from the Fund My Future team will be happy to assist you.
If I do not want to use this account, what do I do?
You are under no obligation to use the account, and you do not need to notify us if you do not wish to participate. However, you may notify us that you prefer not to participate by contacting the Fund My Future Team at firstname.lastname@example.org.
I receive government benefits, am I in danger of losing these benefits if I deposit too much in my child’s account?
No. The account is for the benefit of your child, but it is not in your name and will not be considered as part of your personal assets.
Who has access to the account information?
Online access will be protected by a user name and password that you, the child’s parent or guardian, create and manage. Without the user name and password, accessing personal information, including the amount in the account, is not possible. The account number associated with your child’s account will only allow someone to deposit money into the account. Money cannot be withdrawn without contacting the program manager.
How do I withdraw money in an emergency?
Since this account is intended to help fund your child’s future education, we do not anticipate any withdrawals prior to your child’s high school graduation. However, we understand that emergencies may arise and the immediate need for money may conflict with the need to save for the future. In these instances, you will contact the program clerk. All withdrawals are done through the Fund My Future program office. Processing of all withdrawals will take a minimum of seven business days.
Is there a limit to how much I can deposit?
No. However, we ask that you do not send your child with more than $20 in cash.
If my child is no longer enrolled at Propel will I still be entered to win prizes if I continue to make deposits?
As long as your child is under 18 years old, you will have to re-enroll in Fund My Future once your child leaves Propel.
How do I deposit money?
There are four ways you can deposit:
- Deposit at your child's school during the weekly bank at school opportunities. Send your child in with cash, check, or money order. We ask that you do not send your child with more than $20 in cash.
- During school events, Fund My Future may have a table to accept deposits, review accounts, or answer any questions that you may have about the program.
- Deposit at any Dollar Bank branch. Present your child's account number to a teller at any Dollar Bank location.
- Setup direct deposit or automatic payment for money to be automatically deposited into your child’s account each month. Ask us how!
What is so great about this account?
With this account you do not need to worry about any account fees. You do not need to provide any personal information (including social security number, credit history, employment status, etc.), and there are no minimum requirements to maintain the account. All you need to do is deposit money and it will be held safely for you and your child until it is needed to help fund your child’s education. And, of course, these accounts are linked automatically with the Fund My Future portal and its raffles with an $8,000 monthly prize pool up for grabs in the next 12 months!
Will this account earn interest?
No, but you will have a chance at winning cool prizes, including a winning ticket drawn every month! Like us on Facebook for more ways to win!
Like us on Facebook for more ways to win!
Do all of my children have an account, or do we have one account for the entire family?
Each child enrolled at Propel has a Propel Fund My Future account. If you have more than one child enrolled at any of the Propel schools, each child will have his or her own account.
How do I win prizes?
All you need to do is make deposit of at least $1, and you will receive a raffle ticket every month. There are monthly drawings. A full list of prizes is here.
In addition to the monthly raffles, each month there are periodically additional incentives to make saving fun! Check the Fund My Future website and Facebook page to get more details about how to win more prizes!
Do I have to participate?
No. There is no requirement to participate, no required minimum deposit, and no penalty for choosing not to participate. You are under no obligation to use the account, and you do not need to notify us if you do not wish to participate. However, in order to win raffle prize drawings you must make deposits. So, we encourage you to deposit as much as you can to establish a savings habit and increase your chances of winning!
What are Fund My Future accounts?
Propel Schools has teamed up with Dollar Bank to make a savings account available for each student attending a Propel school, so all you need to do is make deposits at weekly bank-at-school sessions for your chance to win!
What is Fund My Future?
Fund My Future is a program administered by the Propel Schools Foundation to help families in Pennsylvania save for their children's college and other post-secondary goals. Fund My Future provides a monthly prize pool of $8,000 that makes the saving experience fun. Community events with partners make it easy to save in a variety of ways and places.