IARD Renewals: Payment Methods and Addresses

Your firm’s Renewal Account is the account your firm will use to participate in the annual renewal of state registrations and/or Notice Filings. Please note that there are differences when funding your Renewal Account opposed to funding your firm’s Daily Account. The Renewal Payment Methods section of this Web Page covers the types of Renewal Payments accepted and the information necessary to process each type of payment. Additionally, the Renewal Payment Addresses provided are specifically designated to accept Renewal check payments by either regular mail delivery or express/overnight delivery.

For Renewal payment deadlines, please see the 2008 IARD Renewal Program Calendar.

Renewal Payment Methods:

IA firms may submit their IA Firm Renewal Payments by the following methods:

Automatic Daily-to-Renewal Account Transfer

To facilitate Renewal payment processing for all firms, FINRA will automatically transfer funds from a firm's Daily Account to its Renewal Account on December 14, 2007, the Preliminary Renewal Statement payment deadline. FINRA will transfer funds only if a firm has sufficient funds available in its Daily Account on December 14 to cover the amount. Please Note: If a firm does not want funds automatically transferred from its Daily Account to its Renewal Account, the firm should ensure that its payment is received in its Renewal Account by the December 14 deadline. Separately, if a firm wishes to transfer funds between affiliated firms, the firm should contact the IARD Call Center at (240) 386-4848 for further instructions prior to the renewal deadline.

Electronic Payment via Web CRD/IARD E-Pay:

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 Daily and/or Renewal Accounts with FINRA.

Web CRD/IARD E-Pay allows a firm to authorize electronic payment directly from its designated bank account to the firm’s Daily and/or Renewal Accounts. FINRA will 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 for using Web CRD/IARD E-Pay. Enrollment is required to use the Web CRD/IARD E-Pay application.

  • Web E-Pay Update: If you have not used Web E-Pay since August 20, 2006, the first time you log onto Web E-Pay you will be required to enter your current user ID and a new password. The new password is your user ID + your firm's CRD number (all as one string, no spaces). You will be required to change your password after this initial logon in order to submit an electronic payment.

Web CRD/IARD E-Pay Navigation Guide: Provides detailed instruction on how to enroll and use the Web CRD/IARD E-Pay payment method.

Payment by Wire Transfers:

IA firms may wire funds into their IARD Renewals 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 IA 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: Your Firm's 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 your firm's CRD 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 IA 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 (240) 386-4848. 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.

Payment by Check:

  • While FINRA makes every attempt to process checks within one business day, processing of check payments may take up to two business days.

  • Enclose a copy of the first page of your Preliminary Renewal Statement available online along with your check payment.

  • Make the check payable to FINRA. Have your firm’s CRD Number and the word "Renewals" written on the face 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: (240) 386-4848

(Please Note: The addresses for Renewal payments are DIFFERENT from the addresses for funding your firm’s Daily Account. Click here for the addresses to send check payments when funding your Daily Account.)