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Electronic Funds Transfer FAQ

What is Electronic Fund Transfer (EFT)?

Electronic Fund Transfer is a simple way of transferring pre-authorized deductions from your checking or savings account, which in turn, is directly deposited into the preschool’s account with St. Stephen Cathedral. EFT has become a well-accepted, convenient and rapidly growing means of bill payment.

How do I sign up?

All you need is a blank, voided check from your checking account and a completed Authorization Form (see reverse). Return the form and voided check to the preschool office.

What about taking the deduction from my savings account?
Same process as above. Complete the authorization form and attach your savings account deposit slip.

What is the schedule of withdrawals?

Tuition

The tuition amount will be debited from your checking or savings account on the 1st day of the month or the first business day after the first of August, September, October, November, December, January, February, March, and April.

Supply Fee

Each semester’s supply fee amount is the same amount as your monthly tuition. That amount will be debited from your checking/savings account on July 15th and February 15th or on the first business day following.

How will EFT help me?

Preschool parents who wish to make tuition and/or supply fee payments on a regular basis can arrange to have their personal bank account debited in predetermined amounts and securely transferred to the preschool account. The system is not only convenient, but also eliminates the cost of checks, postage and late fees. It’s just one less thing to remember!

If I sign up for EFT and my financial situation changes, can I stop my deduction?

Yes, you can stop payments at any time. Just call the Preschool office at (270) 926-1652 with your request.

What if I don’t want to sign up for EFT?

If you choose not to use EFT, tuition and supply fees may be paid by check in one sum for the entire school year, by the semester, or in nine (9) monthly payments. Monthly tuition payments are due on the 1st of each month.

A loving learning center where each child is a special gift.

600 Locust Street • Owensboro, KY 42301 • 270-926-1652