How long can I have my IDA?
No less than 6 months, no more than 2 years.

What if my income changes or I become unemployed after I have opened my IDA?
Once accepted into the program, you may stay in it up to two years as long as you follow the terms of your agreement.

Who manages my IDA?
Your money is held at 5/3, Chemical Bank, Macatawa, Mercantile Bank, Huntington Bank. GROW will mail you a monthly statement showing the match amounts.

Can I take my money out at any time?
You always have control over the money you have deposited. However, withdrawals are restricted to "emergency use" only and you will not have access to the matching funds. If you withdraw money without approval from the GROW IDA Prog. Mgr, you may forfeit your eligibility for an IDA.

Are matching funds deposited into my account?
No. Match money is held separately. When you’re ready to make an approved purchase, GROW IDA Program staff will meet with you.

Where does GROW get the matching funds?
Organizations, corporations, individuals and state agencies that are committed to helping you help yourself.

How will GROW help me achieve my IDA goals?
You’ll attend classes on money management, credit, and economics to help you make wise choices for the money you save. Also, classes are developed on topics related to your own goal.

How soon can I make an approved purchase?
Six months to two years depending on your individualized plan.

When can I start?
You must complete GROW's Financial Literacy class which is offered 5 times per year.