Web EFT Getting Started Information & Forms

The Web EFT Getting Started Information & Forms are completed by FINRA Member Firms (BD or BD/IA Firms) and Non-Member Firms planning to participate in the Web Electronic Filing Transfer (EFT) Program.

 

The Web EFT Getting Started Information & Forms includes:

 

• FINRA Member Firms:
  
• • Web EFT Entitlement Process Letter (PDF 52 KB)
    
    
  • Web EFT User Account Acknowledgment Form (UAAF) (PDF 131 KB)
    (This form must be completed by a newly subscribing FINRA Member Firm and returned to FINRA with original signature for Web EFT access. Also, you should use the UAAF when replacing or adding a Web EFT contact.)
    
    
  • Participant Agreement/Terms and Conditions (PDF 82 KB)
    (This form must be completed by a newly subscribing FINRA Member Firm and returned to FINRA with original signature for Web EFT access.)
    
    
  • Web EFT Service Option Change Form (PDF 36 KB)
    
    
  • Web EFT FINRA Entitlement Modification Form (PDF 124 KB)
    (Use this form to modify contact information or to delete a contact person.)
    
    
• Non-Member Firms:
  
• • Web EFT Entitlement Process Letter (PDF 52 KB)
    
    
  • Web EFT User Account Acknowledgment Form (UAAF) (PDF 50 KB)
    (This form must be completed by a newly subscribing Non-Member Firm and returned to FINRA with original signature for Web EFT access. Also, you should use the UAAF when replacing or adding a Web EFT contact.
    
    
  • Participant Agreement/Terms and Conditions (PDF 40 KB)
    (This form must be completed by a newly subscribing Non-Member Firm and returned to FINRA with original signature for Web EFT access.)
    
    
  • Web EFT Service Option Change Form (PDF 36 KB)
    
    
  • Web EFT FINRA Entitlement Modification Form (PDF 124 KB)
    (Use this form to modify contact information or to delete a contact person.)
    

FINRA Processing Time

Please allow approximately two business days from receipt of non-deficient Entitlement Forms for processing.

 

FINRA Entitlement Confirmation Packet - Once FINRA processes your firm's Web EFT Entitlement Forms, FINRA will contact each Business and Technical Contact with the Firm’s User Name and Initial Password and will send each contact a confirmation email with the Web EFT “Test” URL and information.

 

Web EFT Billing Information (PDF 46 KB)

 

Web EFT User Guide (PDF 351 KB)


Web EFT Production "Live" Environment Availability*

 

The Web EFT Production "Live" Environment weekly availability will be Monday through Friday from 7 a.m. to 11 p.m., ET.

 

*Please Note: Availability is subject to change and updates will be communicated via the Broadcast Message in Web CRD.

 

1. Request Entitlement

 

If your firm has decided that it wants to participate in the Web EFT program, your firm will need to print the contents of the Web EFT Getting Started Forms & Information and complete the two required Entitlement Forms: (1) the Web Electronic File Transfer (EFT) User Account Acknowledgment Form (Web EFT UAAF) (2) the FINRA Electronic File Transfer System for Web CRD Filings Participant Agreement/Terms and Conditions. Send the completed forms to FINRA by regular mail or by overnight service-the addresses are listed on the forms. Each Web EFT Contact Person will be notified, via a phone call, with the Firm’s User Name and Initial Password. FINRA will send each contact an email with the Web EFT “Test” URL and Confirmation Packet information.

 

2. Required Web EFT Test

 

There is technical preparation required by those firms wanting to subscribe to the Web EFT System. For this reason, all firms will be required to test access to Web EFT in a Test Environment before accessing the Web EFT Production "Live" System. The first password your firm receives upon submitting the Web EFT Entitlement Forms (UAAF and Participant Agreement/Terms and Conditions) will enable your firm access to the Test Environment.

 

The Test Environment has full Web EFT functionality; however, it is important for you to be aware and remember that the data is "test" only. Upon access to the Test Environment, your User ID will enable you to fully exercise the functionality that you selected on the Web EFT UAAF. Once your firm has successfully completed its Web EFT testing contact the FINRA Gateway Call Center to request production access. Once the request has been made by your firm to access the Web EFT Production "Live" Environment, your firm will be issued the production URL and a new password that enables access to the Production Environment. No new Entitlement Forms are required to receive your production password. Each Web EFT Contact Person will be notified, via a phone call, with the Firm’s User Name and Initial Password. FINRA will send each contact an email with the Web EFT Production “Live” URL and Confirmation Packet information. From your firm's notification to the FINRA Gateway Call Center that it is ready to access the Web EFT Production Environment, FINRA will send each contact an email with the Web EFT Production “Live” URL and Confirmation Packet information.

 

3. Fund Your Web CRD/IARD Daily Account

 

Web EFT is a fee-based subscriber system. Your firm will need to ensure that adequate funds are in your Web CRD/IARD Daily Account to cover the associated fees for the Web EFT services your firm requests (service options are initially identified on the Web EFT UAAF and updated on the Web EFT Service Option Change Request Form). The initial Web EFT service fees will be deducted after a password to the Web EFT Production Environment has been created for your firm. Subsequent Web EFT service fees will be deducted automatically from your firm's Web CRD/IARD Daily Account on your firm's anniversary subscription date.

 

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Special Note

 

Please DO NOT send payment with your Web EFT Entitlement Forms. Funds should be sent to Mellon Bank so that the money can be deposited to your Web CRD/IARD Daily Account. More information on funding your Web CRD/IARD account, Web EFT fees and billing information is found in the Web EFT Billing Information Attachment.

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Firm Subscription Dates

 

Web EFT fees will be assessed and automatically collected from a firm's Web CRD/IARD Daily Account based on a firm's subscription date. There are two (2) types of Web EFT Subscription dates:

• Initial Subscription Date - The Initial Subscription Date is the date, represented by month/year, that your firm is given initial access to the Web EFT Production "Live" System. This date will become your firm's anniversary subscription date. Your firm will automatically be assessed the initial Web EFT subscription service(s) fee once your firm has been given access to the Web EFT Production System. This fee will be automatically deducted from your firm's Web CRD/IARD Daily Account for the entire year through your firm's anniversary subscription date. Firms will not be billed monthly.

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• Anniversary Subscription Date - This date, represented by month/year, is the anniversary date of a firm's initial Web EFT subscription date. The anniversary date is when a firm's Web EFT fees are automatically assessed and deducted from the firm's Web CRD/IARD Daily Account for the upcoming year. Firms will not be billed monthly. Firms may upgrade their Web EFT service options any time throughout the year and pay a pro-rated fee. Firms may downgrade their service options only on their Web EFT anniversary subscription date. No refunds for service changes will be issued. For any service option change, a firm must complete the Web EFT Service Option Change Form and mail it to FINRA.

 

Questions regarding the Web EFT Entitlement Forms or process should be directed to the Gateway Call Center at (301) 869-6699.