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. 

The table below details the Fees Category the different firms fall into. You can find the charge for each category in FEES 3 Annex 1A. For more information please see Pricing Categories for application fees.

Application type

Payment institutions fees

E-money institution fees

Small PI or EMI

Category 2

Category 3

Authorised PI or EMI

Category 4 or 5

Category 5

Registered account information service provider (RASIP)

Category 3

N/A

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

Category 1

Category 1

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

Category 1

Category 1

Variation of authorisation/registration

Half of the original application fee

Half of the original application fee

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.