Tech Forum

If I am to pay a tithe on capital gains in the tens of thousands can this be processed using the online tools for submission or will this require other channels?

I'm not aware of a limit. You can always try and see what happens.

I'd be more concerned about a limit your bank might have on an electronic transaction. Just because the church is willing to process it doesn't mean that your bank will play along.

Edit: a quick Google turned up this page. Scroll about a third of the way down to see a list by banks.

russellhltn wrote:Just because the church is willing to process it doesn't mean that your bank will play along.

I believe if the Church accepts the entry at the online donation site, the bank will probably pay it.

I generally use two banks. One bank has a $25,000 limit on ACH transfers. The other bank only allows $5,000 transfers. But that is the originating limit. When I need to transfer a larger amount, I go to the 5-digit bank and originate the transaction there. The 4-digit bank has always honored the request from the 5-digit bank without fussing.

I also have a brokerage account and am able to originate transfers there of up to $100,000. Both banks still play nice when the transfer amount is over the bank originating limit.

So if the online Donations page takes the entry, I think you should be fine. Make sure the full amount is available at the bank before you initiate the donation request, of course.