FEES 3 Annex 8 Fees payable for authorisation as an authorised payment institution or registration as a small payment institution in accordance with the Payment Services Regulations
1Authorisation and registration fees payable
Application type for authorisation or registration under Part 2 of the Payment Services Regulations |
Amount payable |
|
500 |
||
(2) authorised payment institution - where the applicant is applying for authorisation to provide payment services in paragraph(s) (f) (money remittance) and/or (g) (consent given by electronic device) of Part 1 of Schedule 1 to the Payment Services Regulations |
1,500 |
|
(3) authorised payment institution - where the applicant is applying for authorisation to provide payment services in any one or more of paragraph(s): (a) (cash placed on payment account); (b) (cash withdrawals enabled); (c) (execution of direct debts, etc); (d) (execution of direct debits, etc where credit line available); (e) (issuing payments and transactions) of Part 1 of Schedule 1 to the Payment Services Regulations. |
5,000 |
|
(4) authorised payment institution - where the applicant has or intends to have between 2,500 and 5,000 agents |
12,500 |
|
(5) authorised payment institution - where the applicant has or intends to have more than 5,000 agents |
25,000 |
|