Direct Deposit

The Benefits of Direct Deposit

When you enroll in Direct Deposit, your net pay is transferred electronically to your bank account. Direct Deposit is the safer, faster, and smarter way to get paid. To learn more about Direct Deposit, you can visit the Direct Deposit website for the National Automated Clearinghouse Association (NACHA). NACHA's website provides general information to the public about the benefits of Direct Deposit.

For City of New York employees who enroll in Direct Deposit:

• Your pay is available as cash on pay day.
• You don't have to worry about lost or stolen paychecks any more.
• You don't have to waste time standing in line to cash or deposit your check.
• If you have an interest-bearing account, your pay may begin to earn interest right away, depending on your bank.
• You may avoid unnecessary fees. Many banks offer no fee checking accounts or other benefits to their customers who have direct deposit with them.
• With direct deposit, you can be confident that your pay is deposited into your account on time and correctly.

Enroll in Direct Deposit