Frequently Asked Questions - How Do I Pay?

How do I pay for my Market Money?

There are 3 ways to pay for your Market Money:

 

Auto-debit: Auto-debit is the preferred payment method.  With auto-debit, you agree to let Cherry Preschool debit the amount of your Market Money order from your checking or savings account each month.  With auto-debit you don't have to worry about remembering to send in your check each month, and we don't have to chase you down if you forget to send in your check.  To help you remember to balance your checkbook, we include an auto-debit reminder notice with your Market Money order each month.  Auto-debits will be posted to your account on or after the distribution date each month.

 

Post-dated checks: You may submit any number of post-dated checks throughout the year.  Checks should be made payable to "Cherry Preschool" and dated the 15th of each month.  Checks can be mailed to the school or left in the Market Money mailbox just outside the school's office.  We will hold onto your checks and deposit them on or after the distribution date each month.  Giving us post-dated checks is essentially the same as using the auto-debit option except that you don't have to worry about an electronic funds transfer bouncing (if you are wary of the safety or security of technology).  As with the auto-debit option, we will include a reminder notice with your Market Money order each month to help you remember to balance your checkbook.  When we have used the last post-dated check that you had given us, we will remind you to send more. 

 

Monthly checks: You may submit a check each month for your Market Money order.  Checks should be made payable to "Cherry Preschool" and are due at the school by the 15th of the month.  Checks can be mailed to the school or left in the Market Money mailbox just outside the school's office.  We will not deposit your check until on or after the distribution date each month, but we need the check by the 15th so that we may properly distribute paid and unpaid Market Money orders.  We will include a payment reminder (i.e. a bill) for the following month with your Market Money order each month.  If you provide us with an e-mail address, we can send out a payment reminder via e-mail closer to the time your payment is due.