Electronic Funds Transfer
Accounts Payable Payments Via Electronic Funds Transfer (EFT)
The City of Nanaimo is pleased to announce that we are now configured to pay accounts payable invoices via electronic funds transfer (EFT). Payments between the City of Nanaimo and its vendors can now be completed electronically.
This new service will reduce the possibility of fraud from lost or misdirected cheques and eliminate the uncertainties associated with the timing of payments being received through the mail.
To Apply for Electronic Funds Transfer Payments
To apply for EFT payments, please complete and sign the Electronic Funds Transfer (EFT) Authorization form and return it to the City of Nanaimo as instructed on the form. Please make sure to include a void cheque or deposit slip with your submission.
When payments are processed, a payment advice will be automatically e-mailed to the address that was specified on the EFT form, and will outline all of the invoices included in the payment and any discounts when applicable.
In the event of a bank account change or email address change, it is the vendor’s responsibility to inform the City of Nanaimo Accounting Services department of the change immediately.
We believe that this new payment system will be able to provide improved service to our vendors, while at the same time reducing our impact on the environment.
If you have any questions please feel free to contact our Accounting Services department at your convenience.
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