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What is the difference between a deposit and a donation?
What is the difference between a deposit and a donation?
Daniel E Gardner avatar
Written by Daniel E Gardner
Updated over 4 years ago

A deposit is an amount that you put into the account electronically, either using a Credit or Debit card or via a Bank Transfer using ACH. You will immediately receive a tax-receipt following this transaction, as this amount is tax-deductible. Once you make a donation to a charity from this deposited amount, it becomes a donation!

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