Renewal Program Payment Options
Effective February 1, 2014, FINRA changed its banking services to a new bank, Bank of America. Details are provided below for affected check payments and ACH/wire transfers.
Your firm's Renewal Account is the account your firm will use to pay its annual renewal of FINRA, SRO and jurisdiction/state registrations for both the firm and its registered representatives.
For Renewal payment deadlines and other important dates, please see the Renewal Program Calendar.
Firms may use any of the following acceptable payment options:
FINRA’s E-Bill system has replaced the CRD/IARD E-Pay system for firms making electronic (ACH) payments. The E-Bill system allows entitled users to view and pay FINRA invoices, including their Renewal Statement, as well as fund their FINRA Flex-Funding Account. In addition, E-Bill allows entitled users at firms to transfer funds from the Flex-Funding Account to their Renewal Account. To use E-Bill, a firm’s Super Account Administrator must assign entitlement to E-Bill for themselves and any firm employees who require access to E-Bill. View the SAA Self-Entitlement Guide for E-Bill for more entitlement information. FINRA does not charge firms any fees for using E-Bill; however, firms should verify if their banks charge any additional fees.
The E-Bill User’s Guide provides detailed instructions on how to use the system.
Firms may transfer funds via ACH or wire into their Renewal Account.
Beginning on Dec. 11, 2013, and through Dec. 26, 2013, if a firm had sufficient funds available in its Flex-Funding Account to cover the total renewal fees due, then FINRA automatically transferred funds from a firm's Flex-Funding Account to its Renewal Account. Please Note: If your firm does not want funds automatically transferred then ensure FINRA receives payment in your firm's Renewal Account using E-Bill or by wire transfer. Separately, if your firm needs to transfer funds between affiliated firms, you should submit a Web CRD/IARD Funds Transfer Request form. This automatic Flex-Funding Account-to-Renewal Account transfer process will also be applied daily beginning Jan. 13, 2014, until any outstanding renewal assessment is satisfied.
All Web CRD/IARD check payments sent to FINRA are deposited into firms' Flex-Funding Accounts. If you mail a check to pay your firm's renewal fees, it will be applied to your Renewal Account through the automatic Flex-Funding Account-to-Renewal Account transfer noted above. For inclusion in the automatic transfer, please ensure that you have sufficient funds in your Flex-Funding Account to cover the total renewal fees due.
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.
|US Mail||Express/Overnight Delivery|
FINRAP.O. Box 418911
Boston, MA 02241-8911
(Note: This P.O. Box will not accept courier or overnight deliveries.)
|Bank of America Lockbox Services|
2 Morrissey Blvd.
Dorchester, MA 02125
Provide the following phone number if one is required for the recipient: (800) 376-2703.