Charities receive Daffy donations electronically through a Chariot Deposit Account.
💻 What is a Chariot Deposit Account?
A Chariot Deposit Account is an FDIC-insured bank account held in your organization's legal name at Column N.A. Think of it as a receiving account that sits between Daffy and your charity's external bank.
Here is how it works:
Daffy sends donation funds to your Chariot Deposit Account. These payments are called deposits.
Your organization transfers deposits from your Chariot Deposit Account to your external bank on your own schedule.
When a deposit is available, Chariot will notify your organization by email. ACH deposits typically settle in 1-2 business days, and your Chariot dashboard shows the status of each deposit in real time.
📥 Understanding Donations & Deposits
A donation is an individual gift within a deposit to your Chariot Deposit Account. Each donation contains detailed information about the donor and the gift, such as donor name, donation amount, and purpose.
A deposit is a payment settlement from Daffy (or any other connected payment source) to your Chariot Deposit Account. A single deposit may include multiple donations to your charity from different donors.
Need Help?
For questions about a specific donation, contact Daffy at support@daffy.org. For technical questions about your Chariot Deposit Account or charity dashboard, contact Chariot Support at support@givechariot.com.