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ACH Scholarship payments
Hello All, We've moved our grant payments to ACH, and now we're working on using ACH for scholarship payments. In the past, we mailed a check for each student award along with a cover letter. Sometimes that meant sending 10 or more checks and letters in one envelope to the school. For those of you currently using ACH for…
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Award Letter with ACH language
What language do you use in grants paid at award through ACH? We use to process checks, but now our bank is stopping the service, and have to quickly move to ACH. Our award letters used to have the following language: By depositing the checks, your organization certifies that, to the best of your knowledge and belief, no…
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ACH-verify bank information
Hello, I am curious to find out how often other foundations verify bank information if grantees are set up to receive grant payment via ACH and we only grant them once or twice a year. Who verifies the account and routing number (Grants coordinators or Finance dep.) and how (email or call)? Thank you,
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E-Checks
Is anyone using e-checks in lieu of mailing checks or ACH? Are you happy with it? Any significant cons to using them?
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Survey to Colleges/Universities about Fall Plans
Hi all, I mentioned this during the 4-22 Scholarships Coffee Talk. We surveyed our 50-ish colleges/universities about their current plans for Fall 2020. Here's the survey in case others want to ask similar questions of colleges/universities their scholarship recipients attend.
