Fund my account - in brief
If you are concerned to understand what is happening to your money click
here to see it explained.
The procedure
Step 1.
more detail |
When logged in click the
ACCOUNT
button in the main menu bar and then click the
DEPOSIT option
in the sub-menu bar.
There are several choices allowing you to select the deposit mechanism to suit you.
Simply click on your payment choices and
PRINT the
final instruction.
Use the printed copy to instruct your bank. This might be possible on-line or by FAX, or require a
visit by you to the branch. It depends on your relationship with your bank. |
What happens next ?
- Your bank will probably require you to go through normal identification procedures before transmitting
money. Be prepared with the appropriate proof of identity - whether password (on-line), passport, etc. Obviously you know better than we do how well your bank knows you.
- Depending on your chosen deposit mechanism your bank may also charge you a fee.
Usually for on-line 'pay a bill' style transactions banks do not charge, but
with these there can be a delay in funds clearing at BullionVault. For SWIFT
transfers we believe $20-$30 is appropriate, and cleared funds are usually
received faster.
- Our bank - Lloyds TSB - notifies us in an electronic mailbox as soon as we
receive your money. We check that mailbox every two hours during normal
European business hours.
- We notify you by email when your money clears. Allow 36 hours for
SWIFT or 3-5 days for on-line or low-speed transfers. Contact us if you do not see your money credited
within these times.
- Watch out for time-zones. The further west you are (e.g. California) the
more likely your funds will require an extra day to reach us. But you
get this back in the end as we can send you funds more reliably on the same
day when you withdraw them.
- Allow an extra day for holidays. London bank holidays are reasonably predictable. They are
on 25/26 December, 1 January, Easter Friday and Monday, approximately the first and last Mondays in May and
the last Monday in August.
- Remember to verify your identity within 2 weeks
of funding your account.
Our full banking details
For reference you can find our full banking details here.
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