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EFT

A NEW WAY TO GIVE:

Salem UMC is introducing new technology and a giving option that may be more convenient for many of our members. The Electronic Funds Transfer (EFT) Program. It works in the same manner as the programs offered by local gas and electric and many insurance and mortgage companies. The United Methodist Church’s General Council on Finance and Administration has endorsed EFT and recommended the service agency that Salem UMC will be considering

VERY EASY TO CHOOSE:

You may choose a donation frequency (quarterly, monthly, semimonthly or even weekly) and indicate the amount of your contribution for each of the fund(s). Current Expenses or Building Fund. Then you would complete an authorization form, mail it or bring it to the church office and we will arrange for your savings or checking account to be debited as you selected on the form.

IMPORTANT BENEFITS OF EFT:

The Electronic Funds Transfer (EFT) program yields very significant benefits for Salem UMC and makes life easier for you.

. The satisfaction of giving to God First

. Less work for church volunteers in counting deposits

. A more predictable income flow for the church

. Improved cash management with less labor for SUMC

. Easier personal budgeting for you

. Saving the cost of checks

 

EFT PROGRAM FAQs

Q. What is Electronic Contribution?

A. Electronic contribution is an automatic transfer program that allows you to make your contributions without writing checks.

Q. How is my electronic contribution automatically deducted from my account?

A. Once you authorize the transfers, your specified contribution is electronically transferred directly from your checking or savings account to the church’s account.

Q. When will my contribution be deducted from my account?

A. On the due date that was specified on your sign up form. You never have to worry about forgetting contribution.

Q. If I do not write checks, how can I prove I made my contribution?

A. Since your contribution is made at a pre-established time, 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 statement gives you an itemized list of electronic transfers. It is your proof of contribution. In addition, your statement from SUMC will show your contribution just as it always has.

Q.  Is Electronic contribution risky?

A. Electronic contribution is less risky than check contribution. It cannot be lost, stolen or destroyed in the mail. It has an extremely high rate of accuracy.

Q. What if I change bank accounts or want to change my contribution amount or allocation?

A. Notify the church and ask for a new authorization form to complete. Please give us a least two weeks to set up the change.

Q. How much does Electronic Contributions cost?

A. It cost you northing and save you time. There is a cost to SUMC of .25cents for each transaction. However, the current envelope system costs SUMC about $8 per year per member. By discontinuing envelopes for EFT participants, we hope to balance off or reduce the overall costs.

Q. What if I try Electronic Contributions and don’t like it?

A. You can cancel your authorization by notifying the office at any time. Your cancellation must be in writing, just as your original authorization was.

Q. How did SUMC select the service that will handle the EFT Program?

A. The service that Salem is using is the one selected and recommended by the United Methodist Church’s General Council on Finance and Administration.

CONTACT THE CHURCH OFFICE WITH ANY QUESTIONS YOU MAY HAVE

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