Renewal Program Payment Options

Your firm's CRD^® Renewal Account is the account your firm will use to fund payment for the annual renewal of its FINRA, SRO and jurisdiction/state registrations for both the firm and its registered representatives. Firms have four options from which to choose to fund their Renewal Account. Please note that if you choose to fund your Renewal Account via check, the addresses provided below are specifically designated to accept Renewal check payments and are different than the addresses you use to fund your Web CRD Daily (registration) Account.

For 2010 Renewal payment deadlines and other important dates, please see the 2010 Renewal Program Calendar.

Firms may use any of the following acceptable payment options:

• Automatic Daily-to-Renewal Account Transfer 
• Electronic Payment via Web CRD/IARD E-Pay 
• Wire Transfer 
• Check

 

Automatic Daily Account-to-Renewal Account Transfer:
To facilitate Renewal payment processing for all firms, FINRA will automatically transfer funds from a firm's Daily (registration) Account to its Renewal Account on the Preliminary Renewal Statement payment deadline, December 11, 2009, if, and only if, a firm has the full amount available in its Daily Account as assessed on its Preliminary Renewal Statement. Please Note: If a firm does not want funds automatically transferred from its Daily Account to its Renewal Account or if a firm needs to transfer funds between affiliated firms, the firm should contact the Gateway Call Center at (301) 869-6699 prior to the payment deadline.

 

This automatic Daily-to-Renewal Account transfer process will also be applied for the payment deadline of Final Renewal Statements on February 5, 2010.

Web CRD/IARD E-Pay:
Web CRD/IARD E-Pay a firm to authorize electronic payment directly from its designated bank account to its Web CRD Renewal Account. Electronic payments (ACH payments) that are submitted by 8:00 p.m., Eastern Time (ET), should be posted within two business days to the firm's Renewal Account. FINRA does not charge firms any fees for utilizing Web CRD/IARD E-Pay; however, firms should verify with their banks whether ACH transaction fees will be assessed by the bank. Enrollment is required to use the Web CRD/IARD E-Pay application.

 

Wire Transfer: 

Firms may wire funds into their Web CRD Renewal Account. 

 

• Wire payments sent by 2:00 p.m., Eastern Time (ET), should post the next business day. Please note: Wire payments sent after 2:00 p.m., ET, may take up to two business days to post to your Renewal Account. 
• 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 and the word "Renewal" 
    
    
• Remember to inform your bank that funds are to be credited to the FINRA bank account and to use the CRD/IARD Firm Number and the word "Renewals" as a reference only. 
• Please record the Confirmation Number of the wire transfer given to you by your bank. You will need this if you choose to call your bank later to confirm the wire transfer. 
• If you send your wire transfer by 2:00 p.m., ET, your firm may confirm receipt of the wire payment by FINRA the next business day by checking your Renewal Account online 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. Please note: Wire transfers sent after 2:00 p.m., ET, may take up to two business days to post to your account. 

 

Check  

 

• Processing of check payments may take up to two business days. 
• Print and enclose a copy of the first page of your Renewal Statement. 
• Make checks payable to FINRA. 
• Have your firm's CRD Number and the word "Renewal" written on the memo line of the check. This is important to ensure that your funds are properly credited to your Renewal Account. 

 

Renewal Payment Addresses: 

The addresses provided for Renewal check payments are DIFFERENT from the addresses for funding your firm's Daily Account. 

Make sure you copy the appropriate address exactly as it appears below. If you exclude any of the information, it may delay the receipt of your payment. 

 

Send ALL RENEWAL payment checks directly to: 

 

 

US Mail	Express/Overnight Delivery
FINRA P.O. Box 7777-8705 Philadelphia, PA 19175-8705 (Note: This Address will not accept courier or overnight deliveries.)	FINRA 8705 Mellon Bank Room 3490 701 Market Street Philadelphia, PA 19106 Phone number: (301) 869-6699

 

 

Please Note: The addresses for Renewal payments are DIFFERENT from the addresses for funding your firm's Daily Account.