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After moving my banking over from Chase to c1, I n...
# tzedaka
r
After moving my banking over from Chase to c1, I noticed that c1 will only allow one debit card, no matter how many checking accounts I have. So when I opened my maaser checking, they won't give me a card for it. Does anyone have any ideas for how to have a separate card for my maaser giving that would go straight from my c1 account? Or should I keep the chase maaser account and have my automatic maaser transfers go in there? Any other ideas? (Never looked into daf just bc assumed I didn't make enough for that to make sense, but of course happy to be proven wrong.)
m
switch to using a DAF and if having a card is essential use the donors fund
there are multiple benefits to using a DAF even if you take the standard deduction
like donating appreciated stock instead of cash as your maiser turning a halachic obligation into a tax benefit
but i'd try to encourage not using a card for tzedaka and using fidelity if possible
c
Get a credit card just for maaser snd auto pay from c1? @mysterious-tomato-10057 that is only a benefit if you will make use of it.
m
i listed one of the many benefits, but its a benefit everyone should make use of
even the lowest earners in our community need to have stock and that stock will appreciate.
c
what other benefits are there that you are so sure everyone should run to open a daf?
m
many threads on this already, but in short, everything from organization, ease of use, automation, security of not having to share credit card or bank details with organizations that have very poor security practices, offsetting appreciation that everyone has regardless of tax bracket. in almost every case where a DAF doesn't make sense for a family, they usually should be getting a heter anyway to not be giving maiser.
Obviously if you don't use any of the benefits then its not worth it
but the benefits are applicable to the person
c
I think all of those benefits are subjective(besides apperciated stock which only helps people that make use of the benefit), and their are downsides too
m
personal finance is personal. everything is subjective. avoiding taxes is also not necessarily an absolute benefit. I can only give my opinion 🙂
c
"in almost every case where a DAF doesn't make sense for a family, they usually should be getting a heter anyway to not be giving maiser." I have no idea what this is supposed to mean. If I like giving lots of $18 donations that means I should not being maaser?
m
you can give as many 18$ donations as you want with a DAF, idk what you mean.
c
minimum 50 or 100?
m
fidelity has a 50$ minumum, that has nothing to do with being a DAF, that has to do with fidelity.
use a different DAF or give the money in bunches
c
"use a different DAF" which one?
m
its a frum daf
c
minimum 100 to avoid 2.50 fee
"or give the money in bunches" or do not open a DAF would seem like a simpler idea to me.
m
then you are throwing away your stock appreciation benefits each year
credit card processing is ususally 3% anyway through platforms, so i'm not sure what the fee avoidance is you are referring to
c
I have nothing against DAF but the statement "in almost every case where a DAF doesn't make sense for a family, they usually should be getting a heter anyway to not be giving maiser." is hyperbole
you have this idea thart everyone that opens a daf is running to put their appreciated stock into it. Not true
m
It ignores the emotional component, i agree. Many times i won't recommend it because its overwhelming for people, but that doesn't mean the math doesn't work out
you have this idea thart everyone that opens a daf is running to put their appreciated stock into it. Not true
I never claimed that
I'm talking about what is optimal, not what people do
If you want to disagree with me you need to disagree with my position
the donors fund has no fee for online grants of $18, just when you use the credit card they charge the normal credit card processing fee you would pay anyway
c
Your position is that anyone that asks a question about how to set upa debit card on c1 should be told to use a daf . That is the position I am arguing on
m
I didn't say that. I know the person asking the question.
This is my advise for that person.
c
t"he donors fund has no fee for online grants of $18, just when you use the credit card they charge the normal credit card processing fee you would pay anyway " donors fund charges $2.50 for online grants under $100
m
interesting, the website says otherwise, thats unfortunate
Their pricing is the main reason i still have fidelity as my top choice
c
where on website?
donor fund pricing is better than fidelity for everything besides donations between $5 and $100
m
there is a list in slack to previous discussions. i think pricing is a mixed bag since if you do fidelity right its like 50 bucks a year (maybe 100 i forget right now) but if you do even a moderate a mount of small donatiosn with TDF and the majority is larger than 100 you'd still be better off with fidelity
go into slack lists you'll see a daf discussion grouping
need a better AI agent for surfacing it
anyway @red-byte-53243 if you don't want a daf i'd just open a separate random credit card and autopay it from your maiser account
much simpler
Screenshot 2026-03-26 at 11.33.06 AM.png
r
Can't say I followed all this 😆 -But if I want to understand DAF then the place to start is the slack list on daf discussions? -where would I find info on fidelity (no idea what that is either...) -maybe when I understand the above, this won't be a question, but does this mean there's never a need to use a card for any maaser in fidelity or DAF? I guess alternatively technically I can pay with routing and account number straight from that account?
m
• you don't need to read about all about DAFs on slack to get started, you can just get started here https://www.fidelitycharitable.org/ • You can put in the tax id of any mosid and send directly from your account. It works just like zelle but you can only send to 501(c)3s. Very easy.
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