Payment methods

Making payment

There are six ways to pay.

Whatever method you choose to make payment, you will still be required to complete your annual membership declaration and annual firm return online.

1. Online

This is the fastest and most effective way to pay your membership and firm fees. Simply log on to your member and firm dashboard using your membership and firm numbers and passwords and make your payment.

2. Direct debit

Direct debits have now closed for 2020 renewals.

If you have a direct debit set up, payment is taken in the first week of January every year.

To set up a direct debit to be used for your 2021 renewals, simply download the direct debit mandate, complete and return to us.

3. Auto renew

This method of payment automatically takes a payment from your credit or debit card each year.

To set up make your payment online as normal and then select auto renew. Next year your membership and/or firm fee will be taken automatically from your credit or debit card dependant if you selected this method for both accounts.

To change your credit or debit card details login to your member dashboard or firm dashboard using your member number or firm number and password.

4. Instalments

The instalment facility is now closed.

If you have set up an instalment the 2nd instalment will be taken on the 2 January 2020 with the final payment being taken on the 31 January 2020.


You can make payment directly via BACS using our bank details below.

Please make sure you include your membership number and name as the reference. Failure to include this may result in the IFA not being able to allocate the payment and chasing you further.

The Institute of Financial Accountants

Sort code: 23-05-80 Bank

Account number: 27604875

IBAN: GB70MYMB23058027604875


6. Cheque

All cheques should be made payable to the Institute of Financial Accountants.

Please write your membership number and name on the reverse of the cheque so we can allocate the payment accordingly.


By making your membership or/and payment you agree to abide by and adhere to the member regulations and obligations.