Electronic money and payment institutions application fees

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

Your application fee will depend upon both the application type and the type of business your firm operates. 

Please note electronic money institution fees and payment institution fees are currently under consultation.

Application type

Payment institutions fees

E-money institution fees

Small PI or EMI

£500

£1000

Authorised PI or EMI

£1,500 or £5,000

£5,000

Registered account information service provider (RASIP)

£1,500

N/A

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

£300

£300

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

£200

£200

Change of legal status

£250 - £2500 (half of original application fee)

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

Variation of authorisation/registration

£250 - £2500 (half of original application fee)

£750

Temporary permissions regime (TPR) fees 

Firms in the TPR will need to pay fees from the 2021/22 fee-year. We will consult on the actual fee rates in our annual fees and levy rates consultation paper, scheduled to be published in April 2021. Find out more.

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's 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. If your 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.