You may be asking yourself what’s the difference between a Recurring Deposit and a Recurring Donation. Your account allows you to make contributions into your account and distributions from your account to your favorite charities. Click here if you need a refresher on how your account functions. You can set up recurring contributions into your account, called a Recurring Deposit, and/or recurring distributions out of your account to your favorite charities, called Recurring Donations.
Donors use Recurring Deposits to help with budgeting, setting aside money each month so that they can later choose which charities to support with those funds.
Donors that know which charities they want to support each month use Recurring Donations to make that happen. You’re in control and can set up your account to meet your needs. Click this link to learn how to set up a Recurring Donation.
Setting Up A Recurring Deposit
Log into your personal fund and on the left-side toolbar select ‘Deposit Funds’
Select ‘Recurring’ and the amount you would like to deposit each month (this can be updated at any point in time)
Then, select the date you would like the funds to be transacted on
Confirm the payment method is correct, if not, select ‘More Payment Options’ and add a new card or link to your bank account. Then press ‘Continue’
On the next page, confirm you set up a recurring deposit by looking at the ‘Frequency, Monthly’ and selecting ‘Save’
Once this is done, you should see a confirmation pop-up:
Now when you look at your personal giving dashboard, you should see a ‘Recurring Deposit’ box with the amount.