1. Donorfy Support
  2. Financial Management - Regular Payments
  3. Electronic Fund Transfer (EFT)

Electronic Fund Transfer (EFT)

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  • Handling your own EFT using Donorfy

    Electronic Fund Transfer (EFT) is the process of collecting funds on a regular basis from your constituents’ accounts into yours. Typical uses are for regular donations and membership subscriptions. There are various forms of EFT including Direct ...

    Ben Brett
  • Setup a Collection Method for your EFT

    A collection method is the name you give to your EFT solution or service you are using - e.g. CAF Direct Debits - you can have as many collection methods as you need, to set up a collection method go to Settings, and from the dropdown list select ...

    Ben Brett
  • Exporting new RPIs for lodging with your EFT Institution

    Some types of EFT collection require you to send a file of instructions which are then lodged with supporters bank before payments can be collected. If your collection method needs a lodgement file you must: Go into Settings and open your collect...

    Ben Brett
  • Collecting & Reconciling Money paid by EFT

    In order to collect and reconcile money received by EFT a batch must be created comprising the payments that we expect to collect (e.g. by direct debit) or be paid (e.g. by standing order). You can create as many batches as you need - for example...

    Ben Brett
  • Reconciling Bank Statements to an EFT Batch

    If you can download a file containing the information from your bank statements you can use the file to match against transactions in an EFT batch. You need to prepare an Excel workbook containing the information from your bank - your Excel workbo...

    Ben Brett