Direct Giving

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Electronic Funds Transfer (EFT) FAQs

Q. What is direct giving?
A. Direct giving is a form of electronic funds transfer— in other words, electronic funds transfer is an automatic transfer program that allows you to make contributions without writing checks.

Q. What is the advantage of electronic funds transfer?
A. It saves time and work, which simplifies your life. You may also help Mission Network stabilize its budget and save money.

Q. How is the electronic funds transfer automatically deducted from my account?
A. Once you authorize the transfer, your specified contribution is electronically transferred directly from your checking or savings account to the Mennonite Mission Network’s account.

Q. When will my contribution be deducted from my account?
A. On its due date. You never have to worry about forgetting a payment or mailing it on time.

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

Q. Is electronic funds transfer risky?
A. Electronic funds transfer is less risky than a check contribution. It cannot be lost, stolen, or destroyed in the mail. It has extremely high rate of accuracy.

Q. What if I change bank accounts?
A. Notify us and we will give you a new authorization form to complete.

Q. How much does electronic funds transfer cost?
A. There is no cost to you. In fact, you save postage.

Q. What if I try electronic funds transfer and don’t like it?
A. You can cancel your authorization by notifying us at any time.

Q. How do I sign up for electronic funds transfer?
A. Complete and sign the authorization form and return it to the Mennonite Mission Network along with a void check or savings deposit slip.

Q. Are these contributions tax-deductible?
A. Yes, these contributions are tax-deductible. You should receive a receipt within a week or two, the same as if you sent a check.

Q. What is Vanco Services?
A. Vanco Services, LLC, is a financial technology company providing electronic funds transfer services for direct-deposit processing. Their client base includes more than 5,000 churches. Information provided to Vanco Services is treated with extreme respect and is never sold, rented or given away.