A membership drive is typically conducted in fall semester and again in spring semester.

The national Psi Chi website states the membership requirements as follows:

Becoming a Member

Membership in Psi Chi is open to those who are making the study of psychology one of their major interests and who are students or faculty members in an institution where a chapter is located (if your school does not have a Psi Chi chapter, have you considered starting a chapter?). Undergraduate and graduate students and faculty members who meet the criteria below are eligible for membership. Students and faculty are elected to membership by the chapter at the institution, according to the provisions in the national Psi Chi Constitution. Membership in Psi Chi is open to qualified candidates of any age, sex, sexual orientation, race, handicap or disability, color, religion, and national and ethnic origin.

The Psi Chi Constitution requires that undergraduate student applicants to Psi Chi:

• Must be enrolled as a student at your school
• Must have established a GPA at your school
• Must be at least a second-semester sophomore
• Must be enrolled as a major or minor in a psychology program or a program psychological in nature that is equivalent to a psychology major
• Must have completed at least 9 semester hours or 14 quarter hours of psychology courses at your school
• Must have an overall GPA that is in the top 35% of their class based on rankings within sophomore, within junior, and within senior classes (if the cut-off for the top 35% is below 3.00, the applicant must have an overall GPA of at least 3.00 on a 4-point scale)
• Must have a psychology GPA that is at least 3.00 on a 4-point scale
  
  * Undergraduate students who have transferred to a new institution and are interested in becoming a Psi Chi member must meet the requirements listed above, plus complete one semester at the new institution to establish a GPA and complete 9 hours of psychology courses at the new institution.

The Psi Chi Constitution requires that graduate student applicants to Psi Chi:

• Must be enrolled as a graduate student at your school in a psychology graduate program
• Must have established a GPA at your school
• Must have an overall GPA of at least 3.00 on a 4-point scale in all graduate courses, including psychology courses
  
  ** Graduate students who have transferred to a new institution and are interested in becoming a Psi Chi member must complete one semester at the new institution to establish a GPA in addition to the above requirements.

Students who wish to apply should complete the Application Form found at http://www.psichi.org/pdf/membappl.pdf and return it to the Psi Chi chapter mailbox in the main Psychology Department office. Applications are also available at the Psi Chi/Honors Lounge in Room 205-B of the Psychology Building. Eligible students will be notified of their acceptance in writing. They will then complete a Registration Card form found at http://www.psichi.org/pdf/registcd.pdf and return it to the Psi Chi chapter.

There is a one time $45 national fee that assures your lifetime membership to Psi Chi, as well as $10 local chapter dues. Checks for the $55 total should be made payable to The University of Memphis and returned with the Registration Card form.