How To Open a 529 Account 1. Select a 529 Plan. Before you can open a plan, ... This plan allows you to make payments on a plan that locks in today’s tuition costs.

To open a trust account: Choose the trust type, create a trust agreement, add beneficiaries and trustee(s), pick the institution and provide documents.

Non-citizens absolutely have the right to open an account with a U.S. financial institution. Here’s the documentation you need to have—and the procedure to follow—to get one.