Technology used wisely can make life so much easier. Many of us are paying our monthly bills electronically and no longer carry cash or checks on a regular basis. For some, a check to the church is one of the few that we write. In order to accommodate the current banking atmosphere, Meadowbrook is making it possible for you to give your offerings electronically.
What is EFT Giving?
Electronic Fund Transfer (EFT) is a banking transaction that allows you to have your contributions transferred directly from your personal account at your financial institution to Meadowbrook’s bank account without writing a check.
What is the advantage of EFT Giving?
It saves time. It saves works. It simplifies your life. You can avoid the hassle of writing and remembering checks. It can also help your consistency and faithfulness in giving.
How is my contribution automatically deducted from my account?
Once you complete an Electronic Funds Transfer Agreement form, the church office will authorize Meadowbrook’s bank to request your specified contribution from your financial institution.
When will my contribution be deducted from my account?
Meadowbrook will do EFT transfers on the Monday following the Sunday you specify on your authorization form. The dollar amount deducted will be the amount you have specified on your form.
Can my contribution be designated to different ministry items?
All EFT transfers will automatically be deposited to Meadowbrook’s General Budget Fund. In addition, you may designate your contributions to either the Building Fund which goes to reduce the debt on the Education Building and/or to Meadowbrook’s Monthly Missions Emphasis which is determined by the Missions Committee. Contributions to any other designated areas will need to be made by cash or check.
If I do not write checks, how do I keep my checkbook balance straight?
Since your contribution is made at a pre-established time, you simply record it in your check register on the appropriate date.
Without a canceled check, how can I document my contribution?
Your bank statement gives you an itemized list of electronic transfers. It is your proof of contribution. The church will also record your gift and send you a record of your contributions at year-end for your tax records.
Is EFT Giving risky?
An EFT transfer is less risky than a handwritten check. It cannot be lost, stolen or destroyed in the mail. It has an extremely high rate of accuracy and is easier for the church office to process.
What if I change bank accounts or want to change the frequency or amount of my contribution?
You can update your EFT agreement form (must be in writing) at any time by contacting the church office.
How much does EFT Giving cost?
There is no charge to you or to the church.
What if I try EFT Giving and don’t like it?
You can cancel your authorization by notifying the church office in writing at any time.
How do I sign up for EFT Giving?
You complete an Electronic Fund Transfer Agreement form. Turn the form and a voided check or deposit slip into the church office.
Technology used wisely can make life so much easier. Many of us are paying our monthly bills electronically and no longer carry cash or checks on a regular basis. For some, a check to the church is one of the few that we write. In order to accommodate the current banking atmosphere, Meadowbrook is making it possible for you to give your offerings electronically.
What is EFT Giving?
Electronic Fund Transfer (EFT) is a banking transaction that allows you to have your contributions transferred directly from your personal account at your financial institution to Meadowbrook’s bank account without writing a check.
What is the advantage of EFT Giving?
It saves time. It saves works. It simplifies your life. You can avoid the hassle of writing and remembering checks. It can also help your consistency and faithfulness in giving.
How is my contribution automatically deducted from my account?
Once you complete an Electronic Funds Transfer Agreement form, the church office will authorize Meadowbrook’s bank to request your specified contribution from your financial institution.
When will my contribution be deducted from my account?
Meadowbrook will do EFT transfers on the Monday following the Sunday you specify on your authorization form. The dollar amount deducted will be the amount you have specified on your form.
Can my contribution be designated to different ministry items?
All EFT transfers will automatically be deposited to Meadowbrook’s General Budget Fund. In addition, you may designate your contributions to either the Building Fund which goes to reduce the debt on the Education Building and/or to Meadowbrook’s Monthly Missions Emphasis which is determined by the Missions Committee. Contributions to any other designated areas will need to be made by cash or check.
If I do not write checks, how do I keep my checkbook balance straight?
Since your contribution is made at a pre-established time, you simply record it in your check register on the appropriate date.
Without a canceled check, how can I document my contribution?
Your bank statement gives you an itemized list of electronic transfers. It is your proof of contribution. The church will also record your gift and send you a record of your contributions at year-end for your tax records.
Is EFT Giving risky?
An EFT transfer is less risky than a handwritten check. It cannot be lost, stolen or destroyed in the mail. It has an extremely high rate of accuracy and is easier for the church office to process.
What if I change bank accounts or want to change the frequency or amount of my contribution?
You can update your EFT agreement form (must be in writing) at any time by contacting the church office.
How much does EFT Giving cost?
There is no charge to you or to the church.
What if I try EFT Giving and don’t like it?
You can cancel your authorization by notifying the church office in writing at any time.
How do I sign up for EFT Giving?
You complete an Electronic Fund Transfer Agreement form. Turn the form and a voided check or deposit slip into the church office.