Receiving LCSA Distributions Just Got Easier!

Through this partnership, entities can receive LCSA distributions directly to a Michigan CLASS account. With online distributions, eligible entities can receive LCSA payments as soon as the LCSA distribution is initiated. Creating a dedicated Michigan CLASS subaccount for your LCSA funds enables you to easily track your funds for reporting and auditing purposes while the Michigan CLASS Online Portal allows you to move your funds to your bank accounts on file without transaction fees.*

When you opt to receive your payments online, your entity’s funds will be deposited directly into your account, eliminating delays and potential fraudulent activity associated with physical mailing, while the Michigan CLASS Online Portal enhances your ability to report on your entity’s LCSA payments through on-demand statements and transaction confirmations.

If you would like to update your LCSA distribution method to electronic transfer, please submit your request prior to the cut-off date of May 1, 2024; requests made after this cut-off date will be effective for the next distribution. 

Update Your Distribution Method Below

*You may incur fees associated with wires and/or ACH transactions by your bank, but there will be no transaction fees charged from Michigan CLASS for such transactions.

Investment involves risk including the possible loss of principal. No assurance can be given that the performance objectives of a given strategy will be achieved. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses.