Q. Are there any penalties when one decides to withdraw before the target date?
A. While the recommended holding period for the Databank Housing Account is a minimum of five (5) years, you can place a withdrawal request on your account at any time. Please note, however, that if you withdraw before 5 years you will forfeit the additional benefits that are unique to DHA. You will receive proceeds of your withdrawal after one (1) business day of a withdrawal request.