St. Ludmila Catholic Church, Cedar Rapids, Iowa

 



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"E-TITHING" (EFT)


Electronic Funds Transfer (EFT) is an alternate method for processing Sunday envelope contributions. This streamlined automatic collection process benefits both the parish and the parishioner.

Benefits to parishioners:
- No more “last minute” check writing
- Contribution is taken care of even when out-of-town or on vacation
- Payments don’t get lost or misdirected
- Bank statement will show the deduction
- Contributions may be made from your account at any bank

Benefits to St. Ludmila:
- Reduces the time it takes to collect, count, and make deposits to bank
- Eliminates the processing of checks while still providing an accurate accounting of transactions
- Maintains a more consistent giving pattern for church budgeting

Deductions will occur on the 15th of the month. If this happens to be on a weekend or holiday it will occur on the following business day. A statement of your contributions will be furnished to you at the end of the year for tax purposes.

To sign up for this program, please fill out the form below and attach a voided check. Place the form in an envelope in the collection basket or mail it to the Parish Center.

If you have questions, please contact Liz at the Parish Center (362-7282).

 

 

QUESTIONS & ANSWERS

Q. What is an Electronic Fund Transfer (EFT)?
A. Electronic Fund Transfer (EFT) is an automatic transfer program that allows you to make contributions to St. Ludmila Church without writing a check.

Q. What are the advantages of an Electronic Fund Transfer (EFT)?
A. It saves you time! It simplifies your life! You also help the church stabilize their budget and save money!

Q. When will my contribution be deducted from my account?
A. Your contribution will be deducted from your account on the 15th of the month.

Q. If I don’t write checks, how do I keep my checkbook balanced right?
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’s your proof of contribution. You will also receive a year-end contribution report from the parish as always.

Q. Is an Electronic Fund Transfer (EFT) risky?
A. Electronic Fund Transfer is less risky than check or cash contribution. It can’t be lost, stolen or destroyed in the mail and it has an extremely high rate of accuracy.

Q. What if I change bank accounts?
A. You will be provided with a new authorization form by the parish office for you to complete.

Q. Does this form allow the Church to change the amount given?
A. No, the form authorizes only the deduction you decide.

Q. How much does it cost to use an Electronic Fund Transfer (EFT)?
A. It costs you nothing and will save you time!

Q. Will I still receive envelopes?
A. You will still receive envelopes so you can take part in the Sunday Collection and give witness to your financial support of the Church. You would simply write your monthly contribution as you do now and add “EFT”.

Q. Will I be able to use EFT for Easter, Christmas, Holy Day and Diocesan collections?
A. No, EFT is used only for your sacrificial giving budget amount. You will continue to receive envelopes by mail for the extra collections annually.

Q. What if I need to change what I decided to give?
A. You can change your contribution amount at any time at no cost by filling out a new authorization form.

Q. What if I try Electronic Fund Transfer (EFT) and don’t like it?
A. You can cancel your authorization for EFT at any time by notifying the Parish Center and your bank.

Q. How can I sign up for Electronic Fund Transfer?
A. Simply fill out the form below, attach a voided check and mail it to St. Ludmila Church or drop it in the Sunday collection basket.

 

PDFClick here to download the EFT Form