The standard Deposit schedule is once a month. Weekly deposits may be received under certain conditions.
- Once-a-month deposit schedule is the default. Payments in the preceding month will be deposited via Electronic Funds Transfer (EFT) to your bank by the 10th of the following month. For example, January payments will be deposited not later than the 10th of February.
- Once-a-week schedule is available for charities that process a monthly average greater than $75,000.
- Transactions received between Sunday and Saturday are deposited on Thursday of the following week.
- The exception is the end of the month. A week that straddels two months will receive two deposits that cover that calendar week. For example, for the week of Jan 30 through Feb 5, two deposits would be made: one for the 30th and 31st, and one for the 1st through the 5th. Both despoits will be scheduled to hit the charity's bank on the following Thursday (Feb 10th in the example).