The article may contain affiliate links from partners. The words, opinions, and reviews are our own. Learn how we make money to support our financial wellness mission.
A Coverdell Education Savings Account (ESA) is a savings account that is set up to pay the qualified education expense of a designated beneficiary. It can be opened in the United States at any bank or other IRS approved entity that offers Coverdell ESAs. Any beneficiary who is under age 18 or is a special needs beneficiary.
