Scammers are contacting taxpayers while pretending to be from the Michigan Department of Treasury, using out‑of‑state phone numbers. They may request payments or attempt to trick you into providing your bank account information. Always verify the source before sharing any personal or financial details.
Can I withdraw funds from one First-Time Home Buyer Savings Account and deposit them into another account?
Can I withdraw funds from one First-Time Home Buyer Savings Account and deposit them into another account?
Yes, an account holder may withdraw funds, in whole or in part, from a first-time home buyer savings account and deposit the funds in a new first-time home buyer savings account established in the same or different financial institution for another qualified beneficiary.