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:
Holiday | 2015 | 2016 |
---|---|---|
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 |