Are there any restrictions on making a withdrawal?

In some cases there are restrictions on how soon you can access the funds. If a contribution is made by check, EFT, or “Automated Investment Plan” AIP (and assuming all are in good order), the approval of a distribution of that contribution from the account will be deferred for five (5) business days after the deposit. For gift contributions, the hold period is ten (10) business days. 

Please note that there will be a hold placed on distribution requests for thirty-five (35*) calendar days after any of the following occur:  

• complete an initial enrollment in VT529; 

• you change your banking information; or 

• you change your address. 

*Initial contribution is subject to five (5) business day hold on withdrawals after deposit. Additionally, there is a 10 day hold for manually added bank accounts and 5 days for bank accounts added via Plaid. Lastly, any time you submit a change of address, a fifteen (15) calendar day hold applies.