Missionary equaliztion payments

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
msteinbaugh
New Member
Posts: 3
Joined: Sun Jun 13, 2010 3:51 pm
Location: Northport, Stevens County, Washington

Missionary equaliztion payments

Postby msteinbaugh » Tue Feb 22, 2011 4:51 pm

When does the equaliztion payments start being deducted from a unit's account - when the missionary reports to the MTC or when he is in the field. Also, is the first month prorated? What time during the month do the withdrawls happen (family would like to know so they know when they submit their payments). Thanks

eblood66
Senior Member
Posts: 2030
Joined: Mon Sep 24, 2007 8:17 am
Location: Cumming, GA, USA

Postby eblood66 » Tue Feb 22, 2011 4:56 pm

msteinbaugh wrote:When does the equaliztion payments start being deducted from a unit's account - when the missionary reports to the MTC or when he is in the field. Also, is the first month prorated? What time during the month do the withdrawls happen (family would like to know so they know when they submit their payments). Thanks


The first payment is deducted on or about the first Thursday of the month when the missionary enters the MTC (even if they enter at the very end of the month). This is usually before the missionary actually starts their mission. The payment is not prorated but there will only be 24 payments total so there will not be a payment for the last partial month of the mission.


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