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We are pleased to announce the introduction of an electronic option for making the Capital Fund Pledge donations. Contributions can now be debited automatically from your checking or savings account on a monthly basis using this Electronic Fund Transfer (EFT) option. Our new program offers convenience for you and much-needed donation consistency for our church. Our Finance committee spends lot of time in collecting, depositing the cheques and tracking all the details of the payment. Electronic Fund Transfer (EFT) will help the committee to automate the process and reduce a lot of their work.
We encourage everybody to sign up for this program for your Capital Fund Pledge donations. Please bring a void check and you can fill the authorization form. If you like to bring the completed form, please download and print the document , fill it and bring it.
If you have any questions, please feel free to contact Biju Augustine (925-699-7290) or Kaikkaran.
Frequently Asked Questions
Q. How does Electronic Fund Transfer (EFT) work?
A. Contributions are transferred automatically from your checking or savings account to the church’s bank account.
Q. How are my automatic contributions deducted and transferred?
A. First, you sign and return an authorization form to the church indicating the date you wish to contribute on a monthly basis. (5th or 25th of every month) Contributions are then 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. EFT goes by other names including Direct Debit, automatic payment, or simply, ACH.
Q. When will my contribution be debited from my account?
A. A debit to your account will occur each month on the date you specify on your authorization form. (5th or 25th).
Q. How will I keep track of contributions in my check register?
A. Since your contribution is made at a pre-established time, you simply record it in your check register on the appropriate date. Electronic contributions will appear on your bank statement.
Q. What can I use to prove I made a contribution?
A. Your bank statement will show an itemized list of electronic transactions that can be used as proof of your contributions.
Q. How much does EFT cost?
A. It costs you nothing and it costs the church very little. It is the lowest cost method of transferring funds.
Q. What if I try electronic giving by EFT and don’t like it?
A. You can cancel your authorization at any time by notifying the church.
Q. How can I sign up for electronic giving by EFT?
A. Complete, sign and return an authorization form and a voided check to the church office.
Q. How soon I should notify the church, if I want to stop the transfer for a particular month?
A. You should contact the church office 2 business days prior to the settlement date. (donation date)