Supporting documents for Electronic Fund Transfer (EFT) applications vary depending on the country or region where your nonprofit is located. Below are the specific requirements for nonprofits in the United States.
Supporting documentation for USA:
Nonprofits must provide one of the following official bank-issued documents:
- Void check
- Bank letter (on official bank letterhead)
- Bank statement
Not Accepted: Payroll/direct deposit forms
Required information
The supporting document must display the following details, which must also be entered exactly as they appear in the EFT application form:
- Account Holder Name (Beneficiary)
- Account Number
- Account Type (e.g., Checking or Savings)
- Routing (ABA) Number
The supporting document must be clear, legible, and unaltered. All information entered in the application form must exactly match the details on the supporting document. If the form requests additional details not listed above, they must also be included in the document.
Before uploading, carefully review the supporting document to ensure it meets all requirements, and verify that the information entered in the form is accurate and consistent with the document.
Please note that your EFT application may be declined due to mismatched account details, incorrect or missing information, or an invalid supporting document. For more details, please refer to this article: Why was my EFT application declined?