Yes! You can use AI to fill out Tomorrow's Scholar® Withdrawal Request Form

This error occurs when filers need to send funds to a new address or bank account but fail to obtain a Medallion Signature Guarantee in Section 8. People often confuse this with a notary seal, which the form explicitly states is not acceptable. A missing or invalid guarantee is a common reason for rejection, causing significant processing delays and requiring the filer to resubmit the form. To avoid this, carefully review the conditions requiring the guarantee and obtain one from an eligible bank, credit union, or brokerage firm.

In Section 2, users often make errors like selecting both "Systematic Withdrawal Plan" and "One Time Distribution," or for a partial withdrawal, entering both a dollar amount and a percentage. These conflicting instructions make it impossible for the processor to know the user's intent, causing the form to be returned for correction. To prevent this, choose only one distribution type and specify either a precise dollar amount or a percentage for partial withdrawals, but not both.

Section 4 is complex, and users frequently select the wrong withdrawal type, such as choosing a K-12 tuition payment directly to a beneficiary, which is explicitly disallowed. Misclassifying a non-qualified withdrawal as qualified can also lead to future tax complications with the IRS. It is critical to read each option (A-F) carefully and select the single one that accurately reflects the purpose of the withdrawal and the intended recipient.

The account number is the primary identifier for the request, yet it is often left blank, written incorrectly, or is illegible due to poor handwriting. Without a correct account number in Section 1, the withdrawal cannot be processed and the form will be rejected, delaying access to funds. Always double-check that the full, correct account number is clearly printed before submitting the form. Using a tool like Instafill.ai can prevent this by ensuring the data is typed and legible.

When requesting payment to a school or via EFT in Section 6, filers often omit critical details like the student ID number, the school's full mailing address, or the last four digits of the bank account for verification. This incomplete information prevents the payment from being sent correctly, leading to delays or misdirected funds. Before submitting, verify all school details directly with the institution and ensure all fields for your chosen payment method are complete.

A surprising number of forms are submitted without the required signature and date from the Account Owner in Section 8. If the account is jointly owned, the signature of the Joint Account Owner is also mandatory but frequently missed. An unsigned form is invalid and will be immediately rejected, forcing the entire process to start over. Always perform a final check to ensure all required signature and date fields are filled out correctly.

In Section 5, users must specify how funds should be withdrawn from their various investment options, but they often fail to do so or provide ambiguous instructions. For example, the percentages may not add up to 100%, or the dollar amounts may not match the total withdrawal request. This forces the processor to either guess or reject the form, risking an incorrect withdrawal or delays. Ensure your allocation instructions are precise and that the totals match the amount requested in Section 2.

Users may enter a new address in Section 1 without realizing it will update the address for all of the Account Owner's accounts and may trigger the need for a Medallion Signature Guarantee. This happens when they use a temporary address for the beneficiary or themselves, not intending it to be the new permanent address of record. To avoid this, only enter a new address if you intend to permanently change it, and be prepared to obtain a Medallion Signature Guarantee if requesting a distribution within 30 days of the change.

People sometimes attempt to set up a Systematic Withdrawal Plan (SWP) on an account with a balance below the required $5,000 minimum, or request withdrawal amounts under the $100 minimum. These requests do not meet the plan's eligibility criteria as stated in Sections 2 and 3 and will be denied. Always confirm your account balance meets the minimum threshold and the withdrawal amount is sufficient before completing the SWP sections of the form.

This form is a static PDF, requiring users to print and fill it out by hand, which often leads to illegible handwriting and data entry mistakes. A single unreadable digit in an account number or SSN can cause the entire form to be rejected. This manual process is inherently error-prone and can cause significant processing delays. AI-powered tools like Instafill.ai can convert non-fillable PDFs into interactive, fillable forms, ensuring all information is typed, legible, and validated before submission.