How long does it take for the funds to be deposited into my account after scheduling a contribution?


Daffy is a fantastic option for managing your Donor-Advised Fund (DAF). One of the most common questions we get is, "How long does it take for the funds to be deposited into my account after scheduling a contribution?" The answer depends on the source of the funds. For bank account and stock contributions, it typically takes 7-10 days from scheduling your contribution. For credit card and crypto contributions, it usually takes 4-5 days. One of the great features of Daffy is the ability to set up recurring contributions. This can be done easily by clicking on the “Add Funds” button on the app or web version of Daffy. You can then select from the list of contribution methods and you will be prompted to select a recurring amount and frequency. In addition to setting up recurring contributions, Daffy also allows you to set up recurring donations to your favorite charities. This can be done by clicking on the "Donate" button and following the prompts to select your charity, donation amount, and frequency. Remember, contributions made to DAFs are irrevocable charitable donations, which is why they can qualify for an immediate tax deduction. However, Daffy offers a one-hour window after scheduling a contribution during which you can cancel it directly in the app and receive 100% of your contribution back. In conclusion, Daffy offers a seamless and efficient way to manage your DAF, making it a great option for those looking to make a difference through charitable giving.

Please note that the information contained on this page is for educational purposes only and should not be considered tax advice. Any calculations are intended to be illustrative and do not reflect all of the potential complexities of individual tax returns. To assess your specific tax situation, please consult with a tax professional.

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