End of the Year Checklist: Four Ways to Update Your Account for the New Year!

As another year comes to a close, now is a great opportunity to ensure that your Texas CLASS Participant Portal account information is correct and up-to-date! Below is a checklist of important items to review as we head into 2022:

  1. Ensure that all contact information is accurate.
    Throughout the year, you may have new staff members and elected officials join your entity. Please verify that the correct Authorized Signers are listed and that old signers have been removed. Contacts can be updated via the Signatory Amendment Form which is available in the online portal Help Center.
  2. Verify that the correct and current bank information has been provided.
    All bank information should be up to date including routing (ABA) numbers and bank account numbers. Does a bank account need to be removed or added? If so, please complete a Bank Amendment Form and return it to Client Services. As an added layer of security, dual signatures are required on all bank additions. If you have not done so already, please complete the Bank Amendment Form for our records; you can contact Client Services to receive a copy of the form and it is also available in the online portal in the Help Center.

  3. Confirm that all email addresses are current.
    We need accurate email addresses to communicate with you; it is how you receive important Texas CLASS updates! You can easily update your email address within the Texas CLASS Participant Portal.

  4. Subaccounts should be reviewed and up-to-date.
    We recommend closing any subaccounts where the projects have been completed or expired. An organized list of active subaccounts will help with efficiency and organization. You can now create your own subaccounts directly through the Texas CLASS Participant Portal! When logged into the portal, you’ll find a button in the upper-right corner of your dashboard to open a new subaccount. Simply fill out the required information (fund and desired name) and hit submit. Your new subaccount number will be displayed on the page and is ready for immediate use.

As always, the Texas CLASS Participant Portal strives to provide the highest level of security for not only processing transactions but also retrieving important account information like monthly statements and transaction confirmations. We no longer distribute monthly statements and confirmations via email so please make sure you have access to the Texas CLASS Participant Portal to view your account activities and access reporting. To request online access or add a new user to your account, please contact Texas CLASS Client Services at (800) 707-6242 or clientservices@texasclass.com.

All comments and discussion presented are purely based on opinion and assumptions, not fact. These assumptions may or may not be correct based on foreseen and unforeseen events. The information above is not a recommendation to buy, sell, implement, or change any securities or investment strategy, function, or process. Any financial and/or investment decision should be made only after considerable research, consideration, and involvement with an experienced professional engaged for the specific purpose. Past performance is not an indication of future performance. Any financial and/or investment decision may incur losses.