How often do we get deposits to our bank account?
FaithStreet sends deposits to partner organizations on Monday, Tuesday or Wednesday. The later in a given week a church receives donations, the later the church's payout will be sent. For example, if a church receives donations on Sunday, it's payout will likely be sent on Wednesday. We do this to include as much of a week's donations in the following payout. Each week, about 15% of payouts are sent on Mondays, 20% of payouts are sent on Tuesdays and 65% of payouts are sent on Wednesdays.
Payouts will be delayed by 1 day if a given week's Monday is a bank holiday:
|New Year's Day||January 1||January 1|
|Birthday of Martin Luther King, Jr.||January 19||January 18|
|Washington's Birthday||February 16||February 15|
|Memorial Day||May 25||May 30|
|Independence Day||July 4||July 4|
|Labor Day||September 7||September 5|
|Columbus Day||October 12||October 10|
|Veterans Day||November 11||November 11|
|Thanksgiving Day||November 26||November 24|
|Christmas Day||December 25||December 26|