What will change when the Simply Giving program transitions to Thrivent Financial Bank?
A cost for the program will be added. To make the program economically sustainable, there will be a charge to institutions. The fee will be less per transaction than if institutions worked directly through the program administrator, Vanco Services, which charges 25 cents per transaction. Other nontransaction costs will be below market. Pricing details will be finalized soon. The program is well-aligned with the goals and operations of the bank and its plans to offer a service package for institutions.
Related Questions
- How long does it take to receive materials once Thrivent Financial receives the license agreement and check for the program fee?
- Does the program include a "sales pitch" to buy products or promote Thrivent Financial representatives?
- What will change when the Simply Giving program transitions to Thrivent Financial Bank?
