Setting Up EFT
In order to set up the electronic funds transfer (EFT) for your nonprofit, you must be set up as an administrator for your organization on the platform.
Once you are logged in as an admin, you will be able to view the dashboard on the left side of your organization page.
Select "Settings" > "Disbursement Settings" on the dashboard.
Within "Disbursement Settings," scroll down to "Switch to Direct Payouts with EFT." You will be asked to enter your routing number, account number and attach a voided check/bank letter.
Upon submission, your request will be reviewed by the Mightycause team. If your EFT is approved, you will receive a completion email. If not approved, you will receive an email outlining the necessary changes.
Your EFT request must be processed and completed at least 5 business days prior to the 10th or the 25th in order to be eligible to receive an EFT in that disbursement cycle.
Nonprofits can expect to receive their donations on the:
- 10th of the month, for donations made from the 16th of the previous month through the last day of the previous month .
- 25th of the month, for donations made from the 1st through the 15th of that same month.
**If you are participating in NTX Giving Day, disbursements will only be processed on the 10th of the month.
If you are looking to update your EFT, head back to your "Disbursement Settings" tab and select "Edit" to submit your new EFT information.