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 and Payment Institution fees are currently under consultation.
|
Application Type |
Payment Institutions Fees |
E-money Institution Fees |
|---|---|---|
|
Re-Authorisation |
£750 |
£750 |
|
Re-Registration |
£250 |
£250 |
|
New Small PI or EMI |
£500 |
£1000 |
|
New Authorised PI or EMI |
£1,500 or £5,000 |
£5,000 |
|
New 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) |
|
PSD or EMD Variation of authorisation/registration |
£250 - £2500 (half of original application fee) |
£750 |
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) of £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.