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Electronic Fund Transfer (EFT)

Diane Makowski, Business Manager, (630) 469-0404 x2103

Electronic Fund Transfer (EFT) is the electronic exchange, transfer of money from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems.  The term covers a number of different concepts used at St. Petronille:

  • Direct deposit payment initiated by the payer

  • Direct debit payments, sometimes called electronic checks, for which a business debits the consumer's bank accounts for payment for donations.

 

Electronic Fund Transfer (EFT) Frequently Asked Questions

 

Q.            What is Electronic Funds Transfer?

A.            Electronic Funds Transfer is an automatic program that allows you to make contributions without writing checks.

 

Q.            What is the advantage of Electronic Funds Transfer?

A.            It saves time!  It saves work!  It simplifies your life!  You also help the parish stabilize its budget and save money.

 

Q.            How is my electronic transfer automatically deducted or charged to my account?

A.            Once you authorize the transfer, your specific contribution is electronically transferred directly from your checking, savings or credit card account to the Church’s account.

 

Q.            If I do not write checks, how do I keep my checkbook balance straight?

A.            Since you schedule the date of your contribution, you simply record it in your check register on the appropriate date.

 

Q.            Without a cancelled check, how can I prove I made my contribution?

A.            Your bank or credit card statement will indicate electronic transfers.  You will also receive a statement from the parish in January of the following year.

 

Q.            How much does electronic contribution cost?

A.            It costs you nothing and will saves you time.

 

QUESTION

MONTHLY EFT ENROLLMENT

ONLINE  QPAY DONATION

When will my contribution be deducted from my account?

Monthly withdrawals occur on the 15th of each month.

QPay donations occur on the day indicated on the QPay form.

How do I get started?

Download the authorization form. Complete the form with your monthly payment amount.  Submit the form with the appropriate account information (account # for credit card, voided deposit slip for savings account or voided check for checking) to the Bookkeeping Office.

 Online Giving link follow the steps in QPay.

What if I change bank or credit card accounts?

Notify the parish bookkeeping office and we can facilitate the change.

The account can be changed each time you donate, if you wish.

What if I try electronic contribution and don’t like it?

You can cancel at any time.  Contact Marianne Graunke, Bookkeeping at graunkem@stpetschurch.org.

 

What if I want to increase my contributions?

You can increase at any time.  Contact Marianne Graunke, Bookkeeping at graunkem@stpetschurch.org.

 

 

 

Electronic Fund Transfer (EFT) is the electronic exchange, transfer of money from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems.  The term covers a number of different concepts used at St. Petronille:

  • Direct deposit payment initiated by the payer

  • Direct debit payments, sometimes called electronic checks, for which a business debits the consumer's bank accounts for payment for donations.

 

Electronic Fund Transfer (EFT) Frequently Asked Questions

 

Q.            What is Electronic Funds Transfer?

A.            Electronic Funds Transfer is an automatic program that allows you to make contributions without writing checks.

 

Q.            What is the advantage of Electronic Funds Transfer?

A.            It saves time!  It saves work!  It simplifies your life!  You also help the parish stabilize its budget and save money.

 

Q.            How is my electronic transfer automatically deducted or charged to my account?

A.            Once you authorize the transfer, your specific contribution is electronically transferred directly from your checking, savings or credit card account to the Church’s account.

 

Q.            If I do not write checks, how do I keep my checkbook balance straight?

A.            Since you schedule the date of your contribution, you simply record it in your check register on the appropriate date.

 

Q.            Without a cancelled check, how can I prove I made my contribution?

A.            Your bank or credit card statement will indicate electronic transfers.  You will also receive a statement from the parish in January of the following year.

 

Q.            How much does electronic contribution cost?

A.            It costs you nothing and will saves you time.

 

QUESTION

MONTHLY EFT ENROLLMENT

ONLINE  QPAY DONATION

When will my contribution be deducted from my account?

Monthly withdrawals occur on the 15th of each month.

QPay donations occur on the day indicated on the QPay form.

How do I get started?

Download the authorization form. Complete the form with your monthly payment amount.  Submit the form with the appropriate account information (account # for credit card, voided deposit slip for savings account or voided check for checking) to the Bookkeeping Office.

 Online Giving link follow the steps in QPay.

What if I change bank or credit card accounts?

Notify the parish bookkeeping office and we can facilitate the change.

The account can be changed each time you donate, if you wish.

What if I try electronic contribution and don’t like it?

You can cancel at any time.  Contact Marianne Graunke, Bookkeeping at graunkem@stpetschurch.org.

 

What if I want to increase my contributions?

You can increase at any time.  Contact Marianne Graunke, Bookkeeping at graunkem@stpetschurch.org.