A new Oklahoma law will allow families to use digital payment apps to contribute to the state’s 529 college savings plan accounts.
Senate Bill 1989, authored by Oklahoma Senator Nikki Nice and House Speaker Pro Tem Mike Osburn, updates state law to reflect the way many families now manage their finances. The measure allows deposits into Oklahoma’s college savings accounts through digital payment platforms such as Venmo, Cash App, Apple Pay and Google Pay.
“We want to encourage more families to save for their children’s education, and that means meeting them where they are in the digital age,” Nice said.
Nice said fewer families rely on paper checks and that the law is designed to make saving for college more convenient and accessible.
Established in 2000, Oklahoma’s 529 college savings plan has helped nearly 100,000 students and families save for higher education expenses.
Osburn called the measure a “forward-looking update” that modernizes the state’s savings system and makes it easier for parents, grandparents and others to invest in a child’s future.
The law takes effect Nov. 1, 2026.
