GoldMoney Fees

Home

Why Buy Gold & Silver?

Fees Schedule

Holding Fees
All Holding fees are paid in goldgrams and mils (one mil is 2.8 US pennies) and/or fractions of ounces of silver. We will notify you 30 days in advance if the Holding fee changes, pursuant to Section IX.E of the User Agreement.

Gold Storage fee — 0.15% to 0.18% per annum	Charged only when you own gold, 0.015% per month (0.18% per annum) is deducted monthly from your Holding per vault with a minimum fee of 100 mils (about US$2.84) per month. For Holdings with an average monthly balance per vault that exceeds 50,000 goldgrams, a reduced rate of only 0.0125% per month (0.15% per annum) is charged.
Silver Storage fee — 0.87% to 0.99% per annum	Charged only when you own silver, 0.0825% per month (0.99% per annum) is deducted monthly from your Holding per vault with a minimum fee of 0.2 ounces per month. For Holdings with an average monthly balance per vault that exceeds 50,000 ounces, a reduced rate of only 0.0725% per month (0.87% per annum) is charged.
Payment fee — Min: 10 mils (about US$0.28) Max: 100 mils (about US$2.84)	A payment fee is charged when you transfer goldgrams to another Holding. It is 1% of the payment amount, with a minimum fee of 10 mils and a maximum fee of 100 mils. For example, a payment valued at $50 costs 50 cents, whereas a payment valued at $50,000 costs only $2.84.
Service fee — 10 mils to 10gg	Charged only if you request a special service. The exact fee depends upon the time required by GoldMoney staff to complete your request.
Management fee — 0.25% per annum	Customers who receive interest on their currency balances held in the Customer Segregated Funds Accounts pay a management fee of 25 basis points per annum, which is charged monthly at a rate of 0.02083% per month. For example, if the interest rate paid by our banks is 4%, the interest income you earn on your money is 3.75% after deducting the management fee. For customers resident in the EU, GoldMoney is required by law to retain 15% of the interest paid as EU retention tax.

Holding Fees | Exchange Fees | Wire Fees

Exchange Fees
All exchange fees are based upon gold's and silver's spot rate (i.e., the price at which gold or silver is trading when you enter into the transaction). Exchange fees are dependent upon current market conditions and can therefore be changed without notice, but the exchange fee will always be disclosed to you before committing to an order.

GoldGram purchases — from 0.98% to 3.74% above spot	The fee varies depending on the size of the transaction and whether the account has Member status. Current purchase rates are displayed on the gold tab on our rates page.
Silver purchases — from 1.99% to 5.24% above spot	The fee varies depending on the size of the transaction. Current purchase rates are displayed on the silver tab on our rates page.
GoldGram and Silver sales — 0% fee at the Current Spot Rate	You can sell your goldgrams back to GoldMoney at any time at the Current Spot Rate, though a lower rate may be used for large orders or during periods of unusual market conditions. You can receive your proceeds in any of four different currencies, less the wire-fee charged by our bank. For example, you can buy goldgrams in US dollars and then whenever you choose, sell the goldgrams at the Current Spot Rate in exchange for British pounds.
Metal-to-Metal exchanges — from 0.78% to 3.99% above spot	The fee varies depending on the size of the transaction and whether the account has Member status. The metal you are moving from is valued at its spot rate. Current purchase rates for the metal you are moving into are displayed when you place your metal-to-metal exchange.
Currency-to-Currency exchanges — 0.49%	The same fee applies for all transactions, which is added to the currency exchange rate GoldMoney receives from its banks.

Holding Fees | Exchange Fees | Wire Fees

Bank Wire Fees
The wire fee charged by our bank is deducted from your currency balance before funds are wired to your bank account. For example, the transfer of US$50,000 with an international wire fee of $40 would result in a total debit of $50,040 from your currency balance and a $50,000 credit to your bank account (your bank may charge a fee for receiving a bank wire). The wire fee charged by our bank can change without notice but will always be disclosed to you before you complete a funds transfer.

Current Fees for Bank Wire Transfers
CAD - Canadian dollars	C$45 per wire transfer.
EUR - euros	30 € per wire transfer.
GBP - British pounds	No charge for 3-day BACS transfers to accounts within the UK. £20 per one-day CHAPS transfer to accounts within the UK and for international wire transfers.
USD - US dollars	US$40 per wire transfer.

Holding Fees | Exchange Fees | Wire Fees


Open a free account to start buying gold and silver >>


	© Copyright 2001-2008 Net Transactions Ltd. Disclaimer \| Privacy Policy \| Customer Support \| FAQ \| CAP \| Sitemap