Electronic Funds Transfer (EFT)
Electronic Funds Transfer is an easy way to set up one-time or ongoing contributions to your parish (All you need is a phone or computer and your Financial Institution’s phone number or website).
To set up an automatic bank bill pay, you will be required to contact your banking institution directly; logging on to the bank website is the most convenient, but a phone call or visit to the bank may also be an option. You can set up a one-time payment in an amount of your choosing, or set up recurring payments. You choose the frequency of payments as to when during the month the payments are made. Most banks send email reminders. Payments can be changed or stopped at any time.
Automatic Bank Bill Pay, sometimes called Electronic Funds Transfer (EFT), is set up directly with your banking institution; many banks offer this as a free service to their customers (some with requirements like having direct deposit, e-statements or a debit card). This payment method allows you to set up an automatic draft withdrawal from your checking account without having to write or mail checks.
While Sacrificial Giving is the most common opportunity to give, many of our parishioners ask for this option of making a payment automatically through their bank's bill pay option. Speak with your bank about specific details they may require. If you pay your bills online, you already are familiar with the "Bill Pay" service from your banking institution. You may use this same service to contribute to your parish by setting up St. Katharine Drexel or Holy Cross as one of your "vendors.” (If you know your church envelope number, please put that on the "account number" line.)
The church will receive the check and will easily be able to credit your account. Your contribution will appear on your giving statement.
