To transfer funds to a new or existing (CD) Coverdell Education Savings Account (CESA), do the following:

1. Discuss the investment options with the client depending on his/her investment amount. Individual Retirement Account (IRA) funds can only be deposited into a Certificate of Deposit or IRA Regular Savings account. The deposited amount must meet the minimum deposit for the CD or the minimum amount required for no service charge on a regular savings account. The client can choose his/her investment now or choose to be contacted when funds are received. 
2. Complete the Request for Transfer to a Coverdell Education Savings Account form sections 1–5. Section 3 details the transfer request information. 
3. If the client chooses a new designated beneficiary in the same family, list the name, social security number, and daytime phone number in section 3. 
4. If this contribution would establish a new CESA at Capital City Bank, complete a Coverdell Education Savings Account Custodial Agreement and open a new CESA. 
5. If this contribution is made to an existing CESA at CCB, complete the Coverdell Education Savings Account Contribution Instructions form and follow the procedure for contributing to a CESA. Note: The client chooses to complete this step now or when the funds are received from the financial institution.
6. Mail a copy of the Request for Transfer to a Coverdell Education Savings account form along with all applicable documents to the financial institution. Include a Capital City Bank business reply envelope with the name of the Personal Banker and the office location clearly marked on its front.
7. When the funds are received from the financial institution, run the entries for the transaction. 
8. Complete a CD deposit for regular and IRA tickets for check or cash contributions with the following information: 
   • Date
   • Client name
   • Click the box for the specific transaction type
   • Tran. code for the specific transaction type
   • IRA account number in boxes above the MICR line
   • Amount of the additional funds being added to the IRA
9. Take the CD Deposit – Regular and IRA ticket to the teller line with the cash or check for the additional funds.
10. The teller completes the transaction and validates a receipt to provide to the client following applicable transaction processing procedures.
11. If you are unable to process the transaction at a teller line, place it with the work for processing in Office Capture.