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Membership of the Company is open to professionals working in or retired from the financial services community or those studying for financial services qualifications and is not confined to the banking environment. The Company warmly welcomes members from the many disciplines that make up the financial services profession. This is a Livery Company and all new members are expected to become Freemen of the Company in the expectation that many will proceed to become Liverymen. The Court also encourages all members to make annual donations to the International Bankers Charitable Trust (registered no 1087630) which makes grants and donations in accordance with Company's charitable vocation.
Application Procedure. The Court has delegated the application and approval process to the Company's Membership Committee.
Membership is preferably by sponsorship by a current member of the Company. All prospective members may download information from the website and should request a Membership Application from the Clerk. In cases where an applicant is not supported by a sponsor from the Company or if further information is needed the applicant will be invited to meet a Liveryman from the membership committee to discuss the application.
£200 (reduced to £100 for members aged under 35)
Quarterages. The Court shall from time to time decide on the Quarterages (subscriptions) to be paid. All subscriptions should be paid by Direct Debit unless otherwise agreed by the Clerk.
The subscriptions year runs from 1st October – 30th September. Current annual fees are:
Liverymen, Freemen and members with 10 years or more experience in financial services, in full time employment and resident in the UK and Crown dependencies - £305.
Liverymen, Freemen and members with 10 years or more experience in financial services, in full time employment and resident overseas - £152.50.
Liverymen, Freemen and members who are fully retired and aged 65 years or more - £152.50.
Freemen and members with less than 10 years’ experience in financial services (usually between the age ranges of 25 – 35) in full-time employment - £152.50. At the age of 35, or after 10 years (whichever is the sooner) Associates will be advanced to Full membership.
Freemen and members in full time employment but under the age of 25 - £61
Freemen and members in full time education/ training in the financial services - £30.50.