Electronic Money Institutions - application fees

Find out how much your application fee is going to be before you go ahead with your application.

The application fee you will have to pay will depend upon both the application type and the type of business your firm operates. Please note Electronic Money Institution fees are under consultation.

Application Type

Fees

Re-Authorisation

£750

Re-Registration

£250

New Small EMI

£1,000

New Authorised EMI

£5,000

Notification of the use of the limited network exclusion (LNE)

£300

Notification of the use of the electronic communications exclusion (ECE)

£200

Change of legal status

£500 - £2500 (half of original application fee)

EMD Variation of authorisation/registration

£0

Passporting fees

We do not charge a fee for passport notifications, but the host state may charge a fee to register your firm.

We charge authorised payment institutions (APIs) and authorised electronic money institutions (AEMIs) £3 per transaction for adding, amending or removing agent forms.

How to pay the application fee

Use a credit or debit card when you apply via our online system Connect. You won’t actually be able to submit an application without paying the fee.

It is important to note that whether your application is successful or not, the application fee is non-refundable.

Annual fee

The authorisation application fee is a one-off fee. In the event that you application is successful, you’ll also have to pay us an annual fee each year. We’ll contact you about this. In your first year, you will pay only a proportion of the fee (based on the number of months remaining in the fee-year). 

We are entirely funded by the firms we regulate and aim to cover our costs as fairly and efficiently as possible.