>From LDSClerks: Please see bottom of this message for subscription instructions and list URL.
Banks can make money even on funds held in their system for less than a day before being transferred out.
Eric
Clerk
Queen Creek Arizona Stake
----- Original Message -----
From: Russell Hltn<mailto:russellhltn at gmail.com>
To: ldsclerks at MormonsToday.com<mailto:ldsclerks at MormonsToday.com>
Cc: Russell Hltn<mailto:russellhltn at gmail.com>
Sent: Thursday, June 14, 2007 9:29 PM
Subject: Re: LDSC: Electronic Payment of Tithing
>From LDSClerks: Please see bottom of this message for subscription instructions and list URL.
>>> I used to get the statement from the local bank's deposit account
every month. My unit was paying exactly $0.00 to process checks. <<<
How much was "stored" in the account? Not all payments show up as
cash flow. It might be funds left idle.
Banks don't work for free. They're getting their money from
somewhere. I have no doubt that our current system does cost money to
run. If a new system comes along that costs less, then I wouldn't be
the least bit surprised to see the church switch to that.
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<DIV>
<DIV>Banks can make money even on funds held in their system for less than
a day before being transferred out.</DIV>
<DIV> </DIV>
<DIV>Eric </DIV>
<DIV> </DIV>
<DIV>Clerk<BR>Queen Creek Arizona Stake</DIV>
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV style="FONT: 10pt arial"><B>From:</B> <A
title=mailto:russellhltn at gmail.com href="mailto:russellhltn at gmail.com">Russell
Hltn</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
title=mailto:ldsclerks at MormonsToday.com
href="mailto:ldsclerks at MormonsToday.com">ldsclerks at MormonsToday.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Cc:</B> <A title=mailto:russellhltn at gmail.com
href="mailto:russellhltn at gmail.com">Russell Hltn</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Thursday, June 14, 2007 9:29
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: LDSC: Electronic Payment of
Tithing</DIV>
<DIV><BR></DIV><BR>>From LDSClerks: Please see bottom of this message for
subscription instructions and list URL.<BR><BR>>>> I used to get the
statement from the local bank's deposit account<BR>every month. My unit was
paying exactly $0.00 to process checks. <<<<BR><BR>How much was
"stored" in the account? Not all payments show up as<BR>cash flow.
It might be funds left idle.<BR><BR>Banks don't work for free. They're
getting their money from<BR>somewhere. I have no doubt that our current
system does cost money to<BR>run. If a new system comes along that costs
less, then I wouldn't be<BR>the least bit surprised to see the church switch
to that.<BR><BR>>From ldsclerks: Please do not send copyrighted material to
ldsclerks.<BR>See list info at: <A
title=http://www.mormonstoday.com/ldsclerks/index.html
href="http://www.MormonsToday.com/ldsclerks/index.html">http://www.MormonsToday.com/ldsclerks/index.html</A><BR><BR>Send
commands in the body of a message to <A
title=mailto:majordomo at MormonsToday.com
href="mailto:majordomo at MormonsToday.com">majordomo at MormonsToday.com</A><BR>To
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