Renewal Program Payment Options
Preliminary and Final Statements are posted in your firm’s Renewal Account within E-Bill. Your firm will use the Renewal Account to pay the associated fees (detailed on the Preliminary and Final Statements) for the annual renewal of FINRA, SRO and jurisdiction/state registrations for the firm, its branches and its registered representatives. Learn more about available payment options below. For renewal payment deadlines and other important dates, please see the 2020 Renewal Calendar.
Note: The dates below refer to the 2020 Renewal Program, which ended January 17, 2020. Check back in the fall for dates and details related to the 2021 Renewal Program.
Although firms are able to directly deposit or transfer funds into their Renewal Accounts via E-Bill, it is not required. Beginning December 16, through December 26, 2019, FINRA will systematically transfer funds from Flex-Funding Accounts to Renewal Accounts if the entire renewal amount owed is available. Firm users with the proper E-Bill entitlement may transfer funds at any time before December 16. However, on or after December 16, firms should refrain from initiating a funds transfer from their Flex-Funding Accounts to their Renewal Accounts since that may interfere with the systematic daily transfer that FINRA will conduct.
This automatic Flex-Funding Account-to-Renewal Account transfer process will also be applied daily beginning January 17, 2020, for firms that still owe fees on their Final Statements.
Firms may use any of the following acceptable payment options:
- Electronic Payment or account transfer via E-Bill (the only payment method to directly fund the Renewal Account)
- ACH or Wire Transfer
In addition to viewing Renewal Statements and Renewal Account detail, FINRA's E-Bill system allows entitled users to:
- Deposit funds directly into the firm Renewal Account from a U.S. bank account
- Deposit funds directly in the Flex-Funding Account from a U.S. bank account
- Transfer funds from the firm’s Flex-Funding Account to its Renewal Account, and
- Transfer funds from the firm’s Flex-Funding Account to an affiliated firm’s Flex-Funding Account
Transactions post the next business day if requested by 9 p.m., Eastern Time (ET) within E-Bill. FINRA does not charge firms any fees for using E-Bill; however, firms should verify if their banks charge any additional fees. The only information required to initiate an E-Bill payment are details from the check of a U.S. bank account.
To use E-Bill, a firm’s Super Account Administrator must assign entitlement to E-Bill for any firm employees who require access. Please review the E-Bill User Guide for detailed information about using E-Bill.
Note: Your bank may require FINRA’s Company ID to process transactions via E-Bill. In these instances, please use the following Company IDs: 1222528267, 1222528268 or 1222528269.
2. ACH or Wire Transfer
All ACH or wire transfer payments to FINRA are initially deposited into firm Flex-Funding Accounts. Firms that prefer not to wait for FINRA to systematically transfer funds have the ability to transfer funds to their Renewal Accounts using E-Bill. Generally, firm-initiated transfer requests require one business day to reflect on E-Bill.
Please note that while wire transfers are received by FINRA on the same day they are initiated, ACH bank transfers typically take several days longer to be received by FINRA. If you send your wire transfer by 2 p.m., Eastern Time (ET), your firm may confirm receipt the next business day by reviewing your Flex-Funding Account in E-Bill. Wire payments received after 2 p.m., ET, should be available in two business days.
- Provide your bank with the following information to initiate a transfer (use the applicable ABA Number for the type of payment you are making – either wire or ACH):
- Bank Name: Bank of America
Transfer funds to: FINRA
Wire ABA Number: 026009593
ACH ABA Number: 054001204
Beneficiary: FINRA-9509 Key West Avenue-Rockville, MD 20850
FINRA Account Number: 226005684771
Reference Number: Firm CRD Number
If your firm is located outside of the United States, FINRA's uses the following Swift codes:
- Swift Code for Wires Sent in U.S. Dollars: BOFAUS3N.
- Swift Code for Wires Sent in Foreign Currency: BOFAUS6S
- Bank Name: Bank of America
- Inform your bank to credit funds to the FINRA bank account and use only your firm’s CRD Number as a reference.
- Please record the Confirmation Number of the transfer given to you by your bank. You will need this if you choose to call your bank or FINRA later to confirm the transfer.
Similar to wire transfers, check payments should be available in 1-2 business days after delivery. FINRA will cash the check upon receipt; if a firm’s CRD number is listed on the check’s memo line, the funds will be credited to the firm’s Flex-Funding Account. All Web CRD/IARD check payments sent to FINRA are deposited into firms' Flex-Funding Accounts.
Firms that prefer not to wait for FINRA to systematically transfer funds have the ability to transfer funds to their Renewal Accounts using E-Bill. Generally, firm-initiated transfer requests require one business day to reflect on E-Bill.
- Print and enclose a copy of the first page of your online Preliminary Statement.
- Make checks payable to FINRA
- Write your firm's CRD Number on the memo line of the check so that the funds are deposited into your firm’s flex-funding account.
- The deposit of funds into your firm’s Flex-Funding Account may take up to two business days after the check is cashed.
- You can review E-Bill to verify that your check has been deposited in your Flex-Funding 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.
|US Mail||Express/Overnight Delivery|
(Note: This P.O. Box will not accept courier or overnight deliveries.)
Bank of America Lockbox Services
Provide the following phone number if one is required for the recipient: (800) 376-2703.