How do I set up direct deposit/electronic transfer funds (EFT)?
We recommend setting up EFT so you can receive your disbursements quicker, and to minimize the chances of checks getting lost or sent to an outdated address. As of Dec. 1, 2017, there is a $5 service fee per check.
In order to set up the electronic funds transfer (EFT) for your nonprofit, you must have a Mightycause account with admin access to your organization.
You can request to claim your admin access here (www.mightycause.com/claim).
Once you are logged in as an admin, you will be able to view the dashboard on the left hand side of your organization page.
Select "Settings" on the dashboard. Once you are within "Settings," scroll down until you find "Set up EFT."
Your EFT request has to be processed and completed at least 5 business days prior to the 10th or the 25th to be eligible to receive an EFT on the next of those disbursement dates.
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 looking to update your EFT please email email@example.com with a copy of a voided check or bank letter with your organization's name, address, bank account number, and routing number. Once we receive this updated information from you, we'll take care of updating your EFT details. If you need a past disbursement reissued, please notify us of that.