Renewal Program Payment Options
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 2012 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 payment of renewal fees, FINRA will automatically transfer funds from a firm's Web CRD Daily Account to its Renewal Account on December 12, 2011, the Preliminary Renewal Statement payment deadline. FINRA will only transfer the funds if a firm has sufficient funds in its Daily Account to cover the total renewal fees due. Please Note: If your firm does not want funds automatically transferred then ensure FINRA receives payment by the deadline. Separately, if your firm needs to transfer funds between affiliated firms, you should submit a Web CRD/IARD Funds Transfer Request form.
This automatic Daily Account-to-Renewal Account transfer process will also be applied for the payment deadline of Final Renewal Statements on February 3, 2012.
Web CRD/IARD E-Pay:
Web CRD/IARD E-Pay enables a firm to authorize electronic payment directly from its designated bank account to its Web CRD Renewal Account. Electronic payments (ACH payments) submitted by 8 p.m., Eastern Time (ET), should post 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 any additional bank fees with their bank. Enrollment is required to use the Web CRD/IARD E-Pay application.
Web CRD/IARD E-Pay Navigation Guide: Provides detailed instruction on how to enroll and use the Web CRD/IARD E-Pay payment method.
Wire Transfer:
Firms may wire funds into their Web CRD Renewal Account.
- Wire payments sent by 2 p.m., ET, should post the next business day. Please note: Wire payments sent after 2 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"
- Inform your bank to credit funds to the FINRA bank account and use your firm’s CRD Number and the word "Renewal" 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 p.m., ET, your firm may confirm receipt by reviewing your Renewal Account online or calling the FINRA Gateway Call Center at (301) 869-6699.
Check:
- Print and enclose a copy of the first page of your Renewal Statement.
- Make checks payable to FINRA and write your firm's CRD Number and the word "Renewal" on the memo line of the check. This is important to ensure that your funds are properly credited to your Renewal Account
- Processing of check payments may take up to two business days. Please account for mail delivery and payment processing time when sending payment.
Renewal Payment Addresses:
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-W8705 Philadelphia, PA 19175-8705 (Note: This Address will not accept courier or overnight deliveries.) | FINRA Attn: 8705 500 Ross Street 154-0455 Pittsburgh, PA 15262 Phone number: (301) 869-6699 |
(Please Note: The addresses for payments to your Renewal Account are different from the addresses for funding your firm’s Daily Account. Visit the Daily Account payment options page for the addresses to send check payments when funding your Daily Account.)