russellhltn wrote:drepouille wrote:There is another danger to using your bank's Bill Pay service. If you ever miss a paycheck, or lose your job, those recurring payments will still occur until you manually stop them. That could cause an overdraft if your balance is typically low.
Or worse, the tithing does go though and it's another bill that experiences the overdraft. Donations are not refundable.
However, that's not a distinction between using Bill Pay for donations vs. the Online Donations system -- in either case if your donation is processed first, your balance might be low and other expenses could lead to an overdraft.
The situation drepouille was describing is where your bank balance is insufficient for the donation. In that case, the Online Donations system uses EFT and so an overdraft won't occur -- the EFT attempt will simply be rejected. By contrast, a Bill Pay transaction could possibly cause an overdraft that could lead to bank fees.
drepouille wrote:The clerk would then have to deal with an Insufficient Funds scenario.
However, I believe that most banks will not send out a Bill Pay check if there are insufficient funds. They will very probably charge you a fee for the overdraft, but since the check will never get to the clerk, the clerk won't have to deal with an Insufficient Funds scenario. The reason for this is that Bill Pay checks are not drawn against the individual's bank account, but rather against the bank's account, and so will almost certainly never bounce. The bank will transfer the funds from the individual's account before sending out the check, and if the transfer is unsuccessful, the check is not sent.
Questions that can benefit the larger community should be asked in a public forum, not a private message.