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Can funds be withdrawn for any reason?

April 26, 2017funds withdrawn

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Can funds be withdrawn for any reason?

1 Answer

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Posted

• A hold equal to the amount of any matching deposit funds will be placed on the account until a qualifying withdrawal is made. • Withdrawals, including matching deposit funds, may be made at any time for a qualified distribution. Qualified distributions are the following: • Check made payable to a Catholic Grade School or High School • Check made payable to a College, University or Trade School • Matching deposit funds will be forfeited if all or any portion of the funds are withdrawn for any non-qualified distribution.