The City of Naples offers the opportunity for vendors of the City to receive payments electronically, instead of by check. About 25% of the city’s vendors have been using this program since it was started more than a year ago.
The benefits of Electronic Funds Transfer (EFT) are numerous. This free service provides secure payments to City of Naples vendors; EFT eliminates checks that can be lost in the mail or stolen. Vendor payments arrive more quickly; money is deposited immediately into the banking account, whereas checks can take days or longer. Vendors save time because they no longer need to stand in line to process check payments at the bank. Why wait? Enroll today by completing the three easy sections on the application.
What is Electronic Funds Transfer or EFT?
Is there a cost for using EFT payments?
How do vendors enroll in EFT?
When will EFT payments begin?
How do vendors know when the payments have been deposited?
Who do vendors notify if there is a discrepancy?
What if money is credited to the wrong account?
How should vendors notify the City of Naples about bank account changes?
What if the vendor’s address changes?
Can the EFT payment process be terminated?
What if a vendor’s name or tax identification number changes?
Vendors that change names or tax identification numbers must submit a new EFT application.