Electronic Funds Transfer (EFT) is both a convenient and reliable way to fulfill your financial commitment to the church. EFT is also the most cost-efficient method of giving to the church since it reduces administrative costs and helps maintain a predictable cash flow. To choose EFT, simply complete the EFT Form by clicking on the link below and turning into the Church office, or mailing to Diane Bullard, Finance Administrator, CLUMC, 3500 Canyon Lake Drive, RC, SD 57702-3118.
Also, a list of answers to questions that you may have is included or please call Diane at 716-5005, for additional information.
************************************************************************
ANSWERS TO YOUR AUTOMATIC PAYMENT OF OFFERING QUESTIONS?
What is EFT? EFT stands for electronic funds transfer. It is the automatic transfer of your offering from your checking or savings account to CLUM account.
Will anyone have access to my banking information? Yes and no. Yes, because the church treasurer and financial administrator will have your bank account number on hand. No, because there is no way for anyone from the church to know any other information about your accounts including balances.
What types of security issues are there? Wells Fargo provides an astronomical amount of security measures for EFT. Forms have been filled out authorizing only certain people access. These people go thru several security steps before being able to initiate an electronic funds transfer from your account.
Who will have access to my giving records? Access to giving records will be no different if you give by EFT or through regular envelope giving. The financial administrator is basically the only person accessing these records on a regular basis; however the treasurer and senior pastor have access as well.
Will I get a quarterly and yearly statement of my giving if I don’t use an envelope? Yes, you will continue to receive regular statements no matter how your giving is received by the church.
How can I sign up for EFT? Fill out the form on the back side and attach a voided check or savings account deposit slip.
How often can I give? You may give once or twice a month either on the 1st and 15th or both if you wish.
How can I increase or lower my giving? Simply fill out a new form available in the church office or by contacting the financial administrator.
Once I start EFT how do I stop? When written notification of termination is received from you the church will no longer take the offering from your account.
How can I give to special funds? If you are giving to these funds on a monthly basis, then they will be handled just the same as regular envelope offering. Just include them with your EFT amount. If these special givings are irregular in nature then simply write a check for those offerings and put in your envelope or pew envelope.
Click here to retrieve the EFT form