EFT uses the Citizen Bank’s Automated Clearing House (ACH) service to transfer money electronically on a MONTHLY basis, from a donor’s checking account to the AID’s bank account.

Here’s an analysis of the funds raised through EFT in first 4 months:

EFT – 10 Donors x 15$ (avg.) x 4 months = $600

• Donor fills out an EFT form (that is available on the web at www.aidindia.org in the “Donate” section)
  
• Donor mails the form, along with a voided check, to EFT P.O. Box at State College
  
• Donor’s account details are entered into the EFT database housed in State College
  
• Funds (specified by the donor) are transferred from the donor’s account to the AID account once a month
  
• Transaction Information updated on AID database and individual chapters credited every 3 months.
  
• Receipts, detailing total funds transferred, are mailed to the donor once a year
  
• There is a provision for change of address/bank account information/donation amount or termination of donations

• One check will last you a lifetime. You can discontinue your donations anytime.
• Small monthly installments & hence less financial burden student volunteers can contribute
• All donor information is kept confidential. The checks are aptly disposed once the information is entered into the EFT database, which is accessible only to the EFT coordinator. In addition, the electronic transactions are encrypted & secure.
• Donations are Tax exempt. Receipts, mailed once a year, can be used for tax purposes.

We invite you to pledge your support to AID through the EFT initiative and we greatly appreciate your help and encouragement towards meeting our goals.

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