Contributions to a Coverdell Education Savings account (CESA) can be made using cash or check transactions.

To process a contribution to an existing CESA, do the following:

1. In Xperience > SilverLake > StreamLine Platform Menu > Recall Existing Account from Core. 
2. Click OK.
3. From the Application drop-down menu, select T = Time Deposit.
4. Enter the account number in the Account Number field.
5. Click Tab. The Branch field fills in. 
6. In the Platform Type field click the ellipsis  .
7. Choose *MD MISCELLANEOUS CD DOCUMENTS.
8. Click OK on each screen until you reach the Miscellaneous CESA IRA Forms screen.
9. In the CESA Contribution Instructions field, type Y. 
10. Click OK. 
11. Complete sections 1, 2, and 3.
12. Enter the account number, amount, and tax year. Select the type of contribution: Regular, Rollover, or Transfer. 
13. Select the appropriate type as indicated below:
    • Regular Coverdell Education Savings Account Contribution – regular contribution for the current calendar year
    • Transfer from another Coverdell Education Savings Account (Same Designated Beneficiary) – contribution from a Coverdell Education Savings account
    • Rollover from another Coverdell Education Savings Account (Same Designated Beneficiary) – contributions from a Coverdell Education Savings account
14. Print documents or use eSign to have the contributor or responsible individual sign and date section 4. See eSign for more information.
15. Sign and date the Signature of Custodian/Trustee field.
16. Place the Coverdell Education Savings Account Contribution Instructions form not submitted using eSign with the daily work for imaging following the Document Imaging procedures.
17. The client retains the second copy of the IRA Contribution Instructions form. 
18. For check or cash transactions, complete a CD deposit – Regular and IRA ticket for the amount of the contribution with the following information: 
    • Date
    • Client name
    • Checkbox for a specific transaction type
    • Tran. code for a specific transaction type
    • IRA account number in boxes above the MICR line
    • Amount of the additional funds being added to the IRA
19. Take the CD Deposit – Regular and IRA ticket to the teller line with the cash or check for the additional funds. 
20. The teller completes the transaction and validates a receipt to provide to the client following applicable transaction processing procedures.
21. If the teller line cannot process the request, place the work for processing in Office Capture.