Web CRD Payment Methods and Addresses

Important: Web CRD/IARD Accounting Shutdown Period

FINRA will be upgrading its accounting software beginning Thursday, June 16, through Monday, June 20, 2011. Payments received during this period for your Web CRD or IARD Daily Account will not post or be available for fees assessed. To ensure that your firm’s filings continue to process during this system upgrade, you must have sufficient funds deposited in your firm’s Daily Account by Wednesday, June 15, to cover all costs associated with planned filings.

 

Please consider delivery and processing time when submitting payment:

 

  • Upon FINRA’s receipt of payment, it may take two to three business days before the payment posts to your Web CRD/IARD Daily Account. Accordingly, FINRA recommends that firms send overnight check payments, wire transfers or electronic payments via Web CRD/IARD E-Pay no later than Friday, June 10.
  • Check payments sent via U.S. Postal Service first-class mail will likely require additional delivery time in order to be received by FINRA on or before June 10.

 

Payments made during the period when payment processing is suspended will post to the firm’s Daily Account on Tuesday, June 21. Additionally, updated Account Activity Reports will not be available until June 21.

 

Firms may submit their payments by: 

 

  • Electronic Payment via Web CRD/IARD E-Pay
  • Wire Transfer
  • Web CRD Funds Transfer
  • Check
     

 

Electronic Payment via Web CRD/IARD E-Pay:

 

Web CRD/IARD E-Pay, is an online application which enables a firm to authorize electronic payment directly from its designated bank account to the firm's Daily and/or Renewal Accounts. FINRA does not charge firms any fees for utilizing Web CRD/IARD E-Pay; however, firms should verify with their bank whether that bank will assess fees for utilizing Web CRD/IARD E-Pay. Enrollment is required to use the Web CRD/IARD E-Pay application. For detailed information about the enrollment process or how to use this application, please review the Web CRD/IARD E-Pay Quick Reference Guide.

 

Features of E-Pay include:
 

  • Online Enrollment – Firms are able to establish an E-Pay User ID and password by completing a simple enrollment process through the Web CRD/IARD E-Pay application.
     
  • Timely Payment to the Firm's Daily and/or Renewal Accounts – E-Pay payments that are submitted by 8 p.m., Eastern Time (ET), should be posted within two business days to the firm's Daily and/or Renewal Accounts.
     
  • Viewable E-Pay History – A user may view all payments submitted by him/her in the past 180 days. This historical information will include
    • Confirmation Number
    • Firm CRD Number
    • Payment Date
    • Account Type (Daily or Renewal)
    • Total Payment Amount
  • Ability to Update E-Pay User Profile – Firms can update their own E-Pay User Profile, including the firm's bank account and contact information.
     
  • Ability to Update Passwords – Firms can reset a forgotten password or change a password at any time. Users can also request forgotten user IDs.

 


Payment by Wire Transfers:

 

Firms may wire funds into their CRD Daily Accounts:

 

  • Wire transfer deposits received before 2 p.m., ET, should be available in CRD the next business day. If the deposit is received after 2 p.m., ET, the deposit should be available in CRD in two business days.
     
  • Instruct your firm's bank to contact: "Mellon Financial, Philadelphia, PA".
     
  • Provide your bank with the following information to initiate a wire transfer:
     
    • ABA Number: 031 000 037
    • Beneficiary: FINRA
    • FINRA Account Number: 8-234-353
    • Reference Number: Firm CRD Number
       
  • Remember to inform your bank that funds are to be credited to the FINRA bank account and to use the firm's CRD Number as a reference number only.
     
  • Please record the confirmation number of the wire transfer that is given to you by your bank. You will need this if you choose to call your bank later to confirm the wire transfer.
     
  • Your firm may confirm receipt of the wire payment by FINRA the next business day by checking your CRD Daily Account or calling the FINRA Gateway Call Center at (301) 869-6699. Please have the confirmation number of the wire transfer provided to you by your bank.


 

Payment via CRD Funds Transfer:

 

Firms may transfer funds to a BD/IA affiliate, or between a Daily and Renewal Account, by completing the Web CRD/IARD Funds Transfer Request Form.

 


 

Payment by Check:

 

  • Check Deposits received before 2 p.m., ET, should be posted in your Daily Account the next business day.
     
  • Check Deposits received after 2 p.m., ET, should be posted in your Daily Account in two business days.
     
  • Please make checks payable to FINRA and be sure to indicate your firm's CRD Number on the check.
     
  • Check Payment Mailing Locations:

    For US Mail Delivery:
    FINRA
    P.O. Box 7777-9995
    Philadelphia, PA 19175-9995

    Note: This address will not accept courier or overnight deliveries.

    For Courier & Overnight Deliveries:
    FINRA
    Attn: 9995
    500 Ross Street 154-0455
    Pittsburgh, PA 15262

    Provide the following phone number if one is required for the recipient: (301) 869-6699
     

Please Note: The addresses for Daily Account payments are different from the addresses for funding your firm’s Renewal Account.  Click here for the addresses to send check payments when funding your Renewal Account.
 

Last Updated: 5/26/2011