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How to register - Questions
Click on a question to go to the answer.
Do I have to become a member of the Institute of Bankers in order to register for a course?
What is the cost of membership?
How should I pay this fee?
What are the benefits of being a member of the Institute of Bankers?
How can I become a member?
What are the different categories of membership?
When must I renew my membership?
When is the membership Direct Debit deducted from my account?
How can I cancel my membership of the Institute?
When can I register for a course and is it possible to register after the closing date?
How can I register?
What are the minimum education requirements?
Do I need to enclose a copy of my Leaving Certificate with my application?
Will I receive a receipt?
How can I change my Personal Information with The Institute of Bankers?
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Answers
Do I have to become a member of the Institute of Bankers in order to register for a course?
Yes, you must become a member of the Institute of Bankers before you can register for one of our courses. You can send your application for membership at the same time as your application for examinations.
What is the cost of membership?
Associate, Licentiates (LIB), Certifed Bankers and Students.
All members pay an annual membership subscription by salary deduction (in most of the large financial institutions) or direct debit. Membership fee is payable in January each year. Direct Debit payments normally are deducted in March/April of each year, if a member signs up for the Direct Debit scheme after this the payment will be taken from their account later in the year.
The membership fee for all members, including Fellows is €40 per year.
Members who retire may retain their membership at half the above rates.
*The Institute has almost 50 corporate members made up of the major financial institutions in Northern Ireland and the Republic of Ireland.
How should I pay this fee?
Which category do you fall under?
1. Employed by a Corporate member operating a salary deduction scheme.
2. Employed by a Corporate member not operating a salary deduction scheme.
3. Not employed by a Corporate member.
4. Student Member.
List of Corporate members and those operating a salary deduction scheme is available on the membership form which can be found at the back of the prospectus or under Our Courses on the website.
1. Employed by a Corporate member operating a salary deduction scheme: €40 membership fee can be paid by salary deduction.
Salary deduction: If you are employed by a Corporate member operating a salary deduction scheme, tick this box on the registration form and €4.00 will be deducted from your salary for 10 months.
2. Employed by a Corporate member not operating a salary deduction scheme.
Some corporate members have an arrangement to pay subscription directly to the Institute by group invoice.
3. Not employed by a Corporate member
Must pay membership of €40 per year by direct debit or personal invoice
Applicants paying by direct debit must complete the Direct Debit mandate available in the prospectus and at www.bankers.ie under Membership.
What are the benefits of being a member of the Institute of Bankers?
Click here to find out.
How can I become a member?
The application forms are available in the back of the prospectus and on the Our Courses section of this website.
What are the different categories of membership?
Associates & Student Members
Those registered with the Institute who are in the process of qualifying for membership as Licentiates, Practitioners or QFAs are known as Associates, in the case of those employed by a recognised financial institution, or Student Members in all other cases.
QFAs
Qualified Financial Advisers (QFAs) must have passed the QFA Diploma and participate in the CPD programme for QFA's which is overseen by the QFA Board.
Licentiates
An Associate employed by a financial institution normally becomes a Licentiate on completion of the Joint Financial Services Diploma (JFSD), but must have relevant experience in financial institution. Licentiates are entitled to use the designatory letters LIB - Licentiate of the Institute of Bankers in Ireland. All those who were formally (MIBs), became LIBs with effecr from June 2002.
Certified Banker
Certified Bankers are those members who successfully pass the Professional finals by 1 of the 3 routes, have at least three years relevant work experience and participate in the CPD programme for Certified Bankers.
Fellows
Individuals who have made a significant contribution to the financial services sector may be elected by Council on the nomination of two existing Fellows. Fellows are entitled to use the designatory letters FIB.
When must I renew my membership?
The Institute membership fee of €40 applies for the calendar year and falls due again on the first of January each year. This means that where you join during an academic year you will be charged the initial membership fee for that calendar year and you will be due to pay your membership fee for the next year and subsequent years on January 1.
When is the membership Direct Debit deducted from my account?
Membership Direct Debits are normally deducted from your bank account in March/April of each year, if a member signs up for the Direct Debit scheme after this time the payment will be taken from their account later in the year.
How can I cancel my membership of the Institute?
To cancel your membership of the Institute you will need to contact the Institute in writing (letter, fax or e-mail) informing us that you wish to cancel your membership.
When can I register for a course and is it possible to register after the closing date?
The Institute recommends that candidates register for all modules they wish to study in the academic year 2009/10 by 11th September 2009. Where places are available, we will continue to accept applications for Semester 1 modules until Friday 13th November 2009 (a late fee of €50 per module will apply from Friday 23rd October 2009), Semester 2 modules until Friday, 12th March 2010 (a late fee of €50 per module will apply from Friday, 12th February 2010), and Semester 3 modules until Friday, 31st July 2010 (a late fee of €50 per module will apply from Friday, 16th July 2010).
How can I register?
Registration methods:
• Forms in the prospectus. Fill out these forms and post them to the Institute enclosing cheque, draft or fill out your credit card details.
• Online: Click here
• Using forms printed from our website: under Our Courses and select the appropriate form: (ROI) or (NI)
• Phone the Customer Service Team on (01) 6116500 to register with your credit card details
What are the minimum education requirements?
The minimum second level educational requirements are five passes in the Leaving Certificate including English and Mathematics or five O-level/GCSE passes including English Language & Mathematics.
Mature students who are over 21 years of age, are exempt from these entry criteria.
The second level educational requirements for employment in financial institutions are normally acceptable for entry to the Institute's educational programmes.
Do I need to enclose a copy of my Leaving Certificate with my application?
The second level educational requirements for employment in financial institutions are normally acceptable for entry to the Institute's educational programmes.
Therefore, if you are employed by a recognised Financial Institution you do not need to enclose your Leaving Certificate with your application.
Will I receive a receipt?
Once your application has been processed a confirmation notice email will be sent to the address that we have on record for you. This will also be available in your Student Centre under Correspondence. IMPORTANT: You should check to see if the details on the confirmation are correct and complete, i.e., the modules you registered for are all captured correctly, and the fees paid for those modules are correct. If not, please inform the Institute as soon as possible. If you have NOT received an online confirmation notice within 10 working days of your initial registration please contact the Institute.
How can I change my Personal Information with The Institute of Bankers?
It is imperative that your personal information is up to date at all times. You can update your information by one of two methods:
1. Click here and enter your membership number and password on the top right hand corner to log into the Student Centre
Select the 'Change Details' option
If you have forgotten your IoB password, please request it by clicking on 'Fotgotten Your Password?' underneath the Student Centre Log in boxes. Your password will immediately be sent to the email address and mobile phone number that we have on record for you.
2. Click here to access the Notification of Change of Personal Information form and return to the Membership Department at The Institute of Bankers, 1 North Wall Quay, Dublin 1.
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