Electronic Funds Transfer Giving Guide
What are the major advantages of electronic giving?
Electronic Funds Transfer (EFT) is all about convenience for you and consistency for the church. Electronic giving eliminates frequent check writing and helps members stay on track with pledges even when they are unable to be at church. The church in turn benefits from much-needed donation consistency and a reduction in the volume of check and cash contributions that must be handled and manually processed.
How does EFT work?
Contributions are transferred automatically from your checking or savings account to the church’s bank account.
How are my automatic contributions deducted and transferred?
After completing an authorization, your contributions are transferred through the Automated Clearing House (ACH) network—the same network already used by families to make mortgage and utility payments or to receive payroll earnings and Social Security income.
If I do not write checks, how do I balance my checkbook?
Since your contributions is made at a pre-established time, you simply record it in your check register on the appropriate date.
Without a cancelled check, how can I prove I made my contribution?
Your bank statements give you an itemized list of electronic transfers. You will also continue to receive Quarterly Giving Statements from the church.
How much does EFT cost?
It costs you nothing and it costs the church very little. It is the lowest cost method of transferring funds.
Is giving by EFT risky?
Electronic contribution is less risky than a check contribution. It has an extremely high rate of accuracy. To process electronic donations, the church uses Vanco Services, LLC- an established and highly-regarded company that moves funds directly from church members to the church on the same day without delay. Vanco processes contributions for more than 10,000 churches and nonprofit organizations. All personal account information is kept secured and confidential.
How will I participate in the offering of gifts during worship?
The physical act of placing our gift to God in the offering plate is, indeed, important. For EFT givers there are “I Give Electronically” cards to put in the offering plate. These are available at the ConneXion Point, online or by request from the office.
The Church asks for an annual pledge of financial support. Is this the same thing?
No, you’ll still make a pledge. Electronic giving is the way that you fulfill your pledge. For those who don’t practice pledging, giving electronically is still a great option.
Can I use EFT to make special gifts above and beyond my regular pledge?
YES! You can give to any of our church funds through EFT. You can use EFT whether the gift is to be withdrawn from your bank account once or multiple times. You can authorize a monthly withdrawal for communion or you can authorize a one-time withdrawal for Christmas.
What if I try it and don’t like it? Or what if I need to change the amount of the withdrawal, or when the withdrawal is occurring or bank accounts?
You can cancel your authorization at any time by notifying the church office. Amounts, dates and bank information can easily be changed too! Just the let the office know as soon as possible.
How can I sign up for electronic giving?
All you need is the EFT AUTHORIZATION FORM. Complete the form, sign and attach a voided check/savings deposit slip. Return it to the church by mail or in the offering plate.