Setting Up Payments With Your Bank’s Online Banking Bill Pay
Many members use BillPay and Online Banking with their own bank to set up regular giving. Most banks where members have their checking account provide free online payment options. Typically, you log into your account online and then set up The Cornerstone Church as a new payee. You can then at any point send a payment to the church. Further, you can also set up a recurring payment. This gives you the convenience of not needing to remember your checkbook each time and it provides the church stability in the frequency of offerings made. You can always change your payment schedule at any point.
How you access online banking will vary depending on your bank. If you’ve not used it before, you may need to contact your bank to set the system up initially. Here is an example of how you might set up electronic payments. The precise method will vary depending on your bank, but the following instructions include examples from a popular bank interface:
1. Once you’ve logged into your account, find the section for online payments or billpay and then set up a new Payee for:
The Cornerstone Church
1023 S. Curtis Road
Boise, ID 83705
2. Where the information asks for an Account number, you can simply use your name.
Now at any point, you can send a one-time donation to the church. You can use the Memo field to specify it as regular offering or even a special donation need that comes up. The real benefit can come at this point in establishing a recurring payment with your bank. This allows you to stay current on your pledge and feel good about the faithful participation at underwriting the church’s ministry expenses as they occur.
3. Navigate to the location where you set up a recurring payment.
4. Set up a recurring payment to The Cornerstone.
5. If you wish to breakdown your payment it is very important to include that information in the memo portion and set it to send a memo each time. You can specify how much of the payment goes to your tithe and what portion goes to special designated giving. (Make sure the amounts add up to the total payment amount.)
6. You can customize how often to send a recurring payment (every week, twice a month, once a month, etc.)
7. You can customize what date the first payment begins.
8. Once you’ve set up the payment, the bank will send a payment to the church at the designated intervals. You will get confirmation of the payments via your bank statement, and you can also set it up to email you a receipt.
Remember: The benefit of setting up recurring payments include your peace of mind in fulfilling your commitments and the stability it gives the church in receiving offerings at regular intervals, enabling us to plan for funding the ministry of the church. A recurring payment you set up can be altered or cancelled at any time by simply logging in and making the changes.
Note: The church does not currently pay for a service that ‘pulls’ electronic transfers from your account. These services increase overhead costs; less money goes to the church and its ministries. If your bank does not allow you to schedule recurring payments, and you need an electronic withdrawal service, please let the office know and we can explore further options.