{"id":4164,"date":"2020-08-11T12:27:50","date_gmt":"2020-08-11T16:27:50","guid":{"rendered":"https:\/\/www.yorku.ca\/procurementdev\/?page_id=4164"},"modified":"2022-04-28T15:08:14","modified_gmt":"2022-04-28T19:08:14","slug":"pay-vendors","status":"publish","type":"page","link":"https:\/\/www.yorku.ca\/procurement\/purchasing-channel-info\/pay-vendors\/","title":{"rendered":"Paying Vendors by Direct Deposit"},"content":{"rendered":"\n

The University's preferred payment method is Direct Deposit (also known as electronic funds transfer). Vendors are encouraged to register for this payment option to assist the University in achieving its environmental sustainability commitment while assuring prompt payment of goods and services. To be eligible to receive payment by direct deposit, vendors must meet the following conditions:<\/p>\n\n\n\n

  1. Canadian Bank:<\/strong> The bank account used for the direct deposit must be at a Canadian bank.<\/li>
  2. Canadian Dollar:<\/strong> The invoices must be payable in Canadian dollars to a Canadian address.<\/li>
  3. Canadian Address<\/strong>: The invoices must include a Canadian invoicing address. <\/li>
  4. Valid Email Address:<\/strong> The vendor will need to provide a valid email address for notification of the direct deposit.<\/li><\/ol>\n\n\n\n

    If a cheque has been issued to the vendor and the vendor wishes to replace the cheque with a direct deposit a voided cheque must be supplied with the Direct Deposit Application. All banking information is regarded as confidential. We urge you to participate in this safe, secure and efficient method of payment.<\/p>\n\n\n\n

    If you have any question about paying vendors by Direct Deposit, please Procurement Operations at venreq@yorku.ca<\/a> or (416) 736-2100 ext. 22248.<\/p>\n\n\n\n

    <\/div>\n","protected":false},"excerpt":{"rendered":"

    The University's preferred payment method is Direct Deposit (also known as electronic funds transfer). Vendors are encouraged to register for this payment option to assist the University in achieving its environmental sustainability commitment while assuring prompt payment of goods and services. To be eligible to receive payment by direct deposit, vendors must meet the following […]<\/p>\n","protected":false},"author":74,"featured_media":0,"parent":5333,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"secondary-page.php","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","footnotes":""},"tags":[173,61,174,26,64],"class_list":["post-4164","page","type-page","status-publish","hentry","tag-keele","tag-payment","tag-purchaser","tag-strategic-procurement-services","tag-vendor-payment"],"yoast_head":"\nPaying Vendors by Direct Deposit | More Information about Purchasing<\/title>\n<meta name=\"description\" content=\"Direct Deposit allows for quick and efficient payment to Vendors for goods and services, while achieving environmental sustainability commitment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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