Funds get deposited from Tithe.ly into your bank account every day, unless you request differently. But there are details you need to be aware of.
First, be sure you're familiar with our full deposit reporting. See this help article for more information.
Next, know that there are differences between credit/debit and bank account / ACH transactions.
#1 - Credit/Debit Transactions
Credit and debit card transactions will be deposited daily with a two (2) day lag. Meaning, funds raised today will hit your bank account two (2) business days from now.
#2 - ACH/eCheck/Bank Account Transactions
ACH/eCheck/Bank Account transactions can take up to seven (7) business days. Meaning, funds raised that come from ACH/eCheck/Bank Account will hit your bank account up to seven (7) business days from now. This longer processing time is due to the way that these transactions are processed. ACH accounts are transferred from one banking institution to another with no third-party organization covering the transaction (which is the case for VISA, MasterCard, AMEX (etc.)). Due to this process, transactions of this type will take a few more business days to fully process and deposit.
Additionally, take note that:
- The very first transaction through Tithe.ly will take ten (10) business days to be deposited into your bank account. This is part of our security and vetting process. This initial 10 day delay only happens once.
- If you are outside the USA or Canada, every transaction will take 7 business days to be deposited in your bank account.
An initial conversation with our team in required to get your account enabled for deposits. Once setting up the account, please be on the look out for contact from our Sales Team to set up that conversation.
Funds will be held if, for some reason, you did not provide all required/requested information in order for us to verify that you are a legitimate organization.
Our support staff will handle any delays in deposits immediately once you reach out. Please email email@example.com if you have any questions.
You can also request to have a deposit schedule set. If no schedule is set, your funds will be deposited daily. You do have the option to set a schedule of weekly (Monday-Friday) or monthly (once per month). With these two deposit schedules, we will combine all transactions that occur during the timeframe to deposit into the church's bank account together.
If you would like to request a deposit schedule like this, please feel free to reach out to us at firstname.lastname@example.org or by clicking the chat bubble in the lower right corner!