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Assessment Calculation

2024-25 Assessment

Banks, Foreign Banks, and Trust Companies

The 2024-25 assessment rate was set at $2.08 per $1,000 of assets, an increase of 18 percent from last year’s rate of $1.76. DFPI will email invoices to banks on the week of Dec. 2. Invoices are payable in 30 days, with an additional week allowed for payments made via electronic funds transfers (EFT). If you have any questions about the calculation of the assessment for your bank, please refer to How to Calculate Your Assessment for banks (PDF) OR use the Banks Assessment Calculator.

Credit Unions

The 2024-25 assessment rate was set at $1.00 per $1,000 of assets, an increase of $0.01 from last year’s rate of $0.99. Invoices were mailed on June 28. Payments will be due by August 1, unless the institution elects to pay via electronic funds transfer. EFT payments will be due no later than August 8. If you have any questions about the calculation of the assessment for your credit union, please refer to How to Calculate Your Assessment for credit unions (PDF).

Use the Credit Unions assessment calculator.

Money Transmitter

The 2024-25 assessment rate was set at $0.015 per $1,000 received for transmission by a licensee in calendar year 2023, an increase of $0.002 from last year’s rate of $0.013. The 2024-25 assessment rate for issuers of payment instruments and stored value was set at $0.63 per $1,000 of total payment instruments and stored value sold by a licensee. The rate has not changed since 2012.

For questions about the calculation of an assessment email [email protected]. Questions regarding assessment payment processing should be directed to Accounting at [email protected].

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2023-24 Assessment

Commercial Banks, Foreign Banks and Trust Companies
The base rate was set at $1.76 per $1,000 of assets, a $0.37 increase from last year’s rate of $1.39. Annual assessments rates have remained flat at $1.39 since 2012-13, aside from a one-year increase in 2021-22.

The base rate increase will allow the Department to continue to promote the safety and soundness of the California banking system while also providing licensees the advantages that come with a California state charter.

Invoices will be emailed on July 21. Payments will be due by August 21, unless the institution elects to pay via electronic funds transfer. EFT payments will be due no later than August 28. If you have any questions about the calculation of the assessment for your financial institution, please refer to How to Calculate Your Assessment for banks (PDF).

Industrial Banks
The base rate was set at $1.76 per $1,000 of assets, a $0.37 increase from last year’s rate of $1.39. Invoices will be emailed on July 21. Annual assessments rates have remained flat at $1.39 since 2012-13, aside from a one-year increase in 2021-22.

The base rate increase will allow the Department to continue to promote the safety and soundness of the California banking system while also providing licensees the advantages that come with a California state charter.

Payments will be due by August 21, unless the institution elects to pay via electronic funds transfer. EFT payments will be due no later than August 28. If you have any questions about the calculation of the assessment for your financial institution, please refer to How to Calculate Your Assessment for banks (PDF).

Credit Unions
The 2023-24 assessment rate was set at $0.99 per $1,000 of assets, a decrease of $0.02 from last year’s rate of $1.01. Invoices were mailed on June 30. Payments will be due by August 1, unless the institution elects to pay via electronic funds transfer. EFT payments will be due no later than August 8. If you have any questions about the calculation of the assessment for your credit union, please refer to How to Calculate Your Assessment for credit unions (PDF).

Money Transmitter
The 2023-24 assessment rate was set at $0.013 per $1,000 received for transmission by a licensee in calendar year 2021, a reduction of $0.001 from last year’s rate of $0.014. The 2023-24 assessment rate for issuers of payment instruments and stored value was set at $0.63 per $1,000 of total payment instruments and stored value sold by a licensee. The rate has not changed since 2012.

For questions about the calculation of an assessment Contact Patrick Carroll at [email protected]v. Questions regarding assessment payment processing should be directed to Accounting at [email protected].

Last updated: Nov 20, 2024 @ 8:47 am