To distribute funds from a Coverdell Education Savings account, do the following:

1. In Xperience > SilverLake > StreamLine Platform Menu > Recall Existing Account from Core. The Inquiry/Website Selection page displays.
2. Click OK. 
3. On the StreamLine Account Recall Selection page, from the Application drop-down menu choose T - Time Deposit.
4. In the Account Number field enter the CESA account number. The Branch field fills in. 
5. In the Platform Type field, click the ellipsis  and choose *MD MISCELLANEOUS CD DOCUMENTS.
6. Click OK on each screen until you reach the MISCELLANEOUS CESA IRA FORMS screen.
7. In the CESA Distribution Form field type Y.
8. Complete the Coverdell Education Savings Account (CESA) Distribution form by selecting one of the following as the appropriate reason: 
   • Qualified distribution – funds used for education expenses
   • Non-qualified distribution
   • Disability – The designated beneficiary is totally and permanently disabled
   • Death – Pay to designated beneficiary’s estate or the beneficiary (if applicable)
   • Prohibited transaction
   • Transfer – transfer to a new designated beneficiary or to another financial institution
   • Disability
   • Correction of the excess contribution
     1. If the distribution will result in a zero balance and the account will then be closed, see Closing IRA for more information. 
     2. If the distribution is a partial withdrawal and funds will remain in the account and the account open, see CD Partial Withdrawal procedures.
9. Place the signed CESA Distribution form not submitted through eSign with the daily work for imaging. 
10. Provide the second copy of the CESA Distribution form to the client for his/her records.