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Direct Debit

A convenient way to support Beloit, this gift payment option offers the same ease and security as other things that you may already be direct depositing—like your paycheck.

Fill out the Direct Debit Authorization Form, print it and send it to us. Sign up for automatic one-time or monthly deductions from your bank or credit union account. (Direct debit is available only through United States financial institutions.) For questions regarding how to set up a direct debit, email our Gift Processing Coordinator, or call 800-331-4943 or 608-363-2632.

Frequently Asked Questions

What are the benefits of supporting Beloit College through direct debit?
What is the payment schedule?
Can I do a one-time withdrawal?
Do direct debit gifts qualify for employer matching gifts?
May I change or cancel my direct debit?

What are the benefits of supporting Beloit College through direct debit?
Your contribution can be paid in installments spread out over the entire fiscal year or whatever time-frame you desire. Your cumulative giving may qualify you for a higher gift club level than you can comfortably achieve with a one-time gift. You will receive an acknowledgment of your gift at the end of each calendar year for your tax records. If you select "I would like this contribution to continue indefinitely" your deductions will continue unchanged unless you advise us otherwise.

What is the payment schedule?
Your gift will be deducted from your checking or savings account on or about the 25th of the months you designate. A debit will appear on your monthly bank statement indicating that this transfer has occurred.

Can I do a one-time transfer?
If you want to do a one-time direct debit, simply select the same month/year for your first withdrawal as for your last withdrawal.

Do direct debit gifts qualify for employer matching gifts?
Yes! Check with your employer regarding the company's specific matching gift procedure for direct debits. Not sure if your company has a matching gift program? Do a search here to find out.

May I change or cancel my direct debit?
If you change banks or wish to adjust or cancel the amount of your gift, please email our Gift Processing Coordinator , or call 1-800-331-4943 or 608-363-2632. Please allow up to 10 days for changes or cancellations to be processed.