The City of New York is required by law to pay its vendors electronically if they have contracts to provide goods and services valued over $25,000. These vendors must enroll in the Vendor Payment Direct Deposit Program.
We encourage all vendors that do business with the City, regardless of their contract’s value, to enroll in direct deposit. Vendors who do not sign up for direct deposit are subject to a $3.50 fee per check.
Additional benefits of signing up for direct deposit:
For help enrolling in the Vendor Payment Direct Deposit Program, please view the PIP help resources or call (212) 857-1777.