Enroll in the Vendor Payment Direct Deposit Program
Local Law 43 of 2007 requires any vendor providing the City with services valued at more than $25,000 to enroll in the Vendor Payment Direct Deposit program. We encourage all vendors that do business with the City to enroll in the Direct Deposit program.
Avoid a $3.50 fee per check
Vendors who do not sign up for Direct Deposit are subject to a $3.50 fee per check, a cost that can quickly add up.
Benefits of Direct Deposit (“EFT”) Payments
- Electronic payment is safer and more secure - Paper checks can be lost in the mail, stolen, or delivered to the wrong address.
- Receive payments faster - EFT payments are deposited directly into your bank account. You don’t wait for the check to arrive by mail or for the check to clear after it has been deposited.
- Electronic payment records are available online - Use the City's Payee Information Portal (PIP) for current vendor payment records.
Vendors who wish to enroll and receive all NYC payments to a single bank account can enroll using the Payee Information Portal (PIP).
Enroll Using PIP
For more information Contact Us.