You pay three (occasionally four) charges in the normal course of using BullionVault.
Although we use US Dollars to illustrate our charges they may be charged in Euros or British Pound equivalents, depending on the currency in your account.
0.5% maximum falling to a minimum of 0.05% depending on the amount of gold or silver bought or sold in the year. Discounts start at $75,000.
0.12% per year on gold, billed monthly and subject to monthly minimum of $4.
0.48% per year on silver, billed monthly and subject to monthly minimum of $8.
Burglar Alarm
When we send you a Burglar Alarm SMS we charge you $0.20.
Although it is not mandatory we strongly recommend you use the Burglar Alarm which alerts you via SMS to account withdrawals or changes to your registered mobile/cell phone number. It is enabled automatically when you first enter your mobile/cell phone number in your Account Settings.
Within your Account Settings you have control regarding whether or not you will receive additional SMS messages for logging in, or placing orders. All are charged at $0.20 per SMS message.
Funds wire fee
Most money withdrawals are free. Where we pay our bank to remit funds to you (e.g. international transfers) there is a fee of $30.
Rates apply in each 12 month period starting from the day you create your account.
| Buying gold |
Buying silver |
|||
|---|---|---|---|---|
| Total gold bought in the year so far |
Commission rate |
Total silver bought in the year so far |
Commission rate |
|
| Up to | $75,000 | 0.50% | $75,000 | 0.50% |
| The next | $750,000 | 0.10% | $750,000 | 0.10% |
| then | 0.05% | 0.05% | ||
| Selling gold |
Selling silver |
|||
|---|---|---|---|---|
| Total gold sold in the year so far |
Commission rate |
Total silver sold in the year so far |
Commission rate |
|
| Up to | $75,000 | 0.50% | $75,000 | 0.50% |
| The next | $750,000 | 0.10% | $750,000 | 0.10% |
| then | 0.05% | 0.05% | ||
Gold custody and insurance charge : 0.12% per annum with a monthly minimum of $4.
Silver custody and insurance charge : 0.48% per annum with a monthly minimum of $8.
| Dollar value of your gold |
Annual gold custody charge |
Effective annual gold % rate |
Dollar value of your silver |
Annual silver custody charge |
Effective annual silver % rate |
|---|---|---|---|---|---|
| $5,000 | $48 | 0.96% | $5,000 | $96 | 1.92% |
| $10,000 | $48 | 0.48% | $10,000 | $96 | 0.96% |
| $20,000 | $48 | 0.24% | $20,000 | $96 | 0.48% |
| $40,000 | $48 | 0.12% | $40,000 | $192 | 0.48% |
| $100,000 | $120 | 0.12% | $100,000 | $480 | 0.48% |
| $250,000 | $300 | 0.12% | $250,000 | $1,200 | 0.48% |
| $500,000 | $600 | 0.12% | $500,000 | $2,400 | 0.48% |
| $1,000,000 | $1,200 | 0.12% | $1,000,000 | $4,800 | 0.48% |
Flat rate : 0.8%.
Rates apply in each 12 month period starting from the day you create your account.
| Buying gold |
Buying silver |
|||
|---|---|---|---|---|
| Total 400oz gold bars bought in the year so far |
Commission rate |
Total 1000oz silver bars bought in the year so far |
Commission rate |
|
| Initially | 1 to 4 | 0.10% | 32 to 80 | 0.10% |
| then | 5 to 9 | 0.05% | 81 to 160 | 0.05% |
| then | 10+ | 0.02% | 161+ | 0.02% |
| Selling gold |
Selling silver |
|||
|---|---|---|---|---|
| Total 400oz gold bars sold in the year so far |
Commission rate |
Total 1000oz silver bars sold in the year so far |
Commission rate |
|
| Initially | 1 to 4 | 0.10% | 32 to 80 | 0.10% |
| then | 5 to 9 | 0.05% | 81 to 160 | 0.05% |
| then | 10+ | 0.02% | 161+ | 0.02% |
Armoured transportation charges will apply
Silver : $500 per shipment + $25 per bar handling
Gold : $400 per shipment + $200 release fee in Zurich, London
Gold : $400 per shipment + $400 (estimate) per bar release fee in Singapore and New York
Reservation fee : 0.1%.
Release fee : nil
Storage rate surcharge :
| By value, per year | Normal unreserved storage | Surcharge | Total – reserved bar storage |
|---|---|---|---|
| Gold | 0.12% | 0.06% | 0.18% |
| Silver | 0.48% | 0.24% | 0.72% |
Where normal withdrawal by funds transfer to a linked bank account is not available for reasons beyond your reasonable control, the withdrawal fee for physical bullion is 1%.
Where normal withdrawal by funds transfer to a linked bank account is available, the following charges apply for physical bullion withdrawal.
For both gold and silver, all applicable taxes plus reasonable transportation and insurance fees for your delivery will be charged as appropriate.
Where international law permits it, you have a right of transfer of bullion within BullionVault from one vault location to another, but only in the form of entire and appropriate bars.
Bullion transfers of this kind are performed through accredited bullion couriers. Vault and courier charges are variable, are payable by you, and can be quoted at the time. You may also need to pay additional charges to cover either the selling of your bullion and its replacement with a locally acceptable form, or its refining and manufacture into a locally acceptable form, if your bullion does not meet the alternate location's standard form.
In addition to the direct bullion-shipping costs borne by you, BullionVault makes a 0.5% arrangement fee for this service subject to a minimum of $500.
Not to exceed the higher of $500 or 1% of the value of the account without approval from your administrators/executors.
BullionVault reserves the right to charge you an administration cost of up to $50 for changing your linked bank account.
$100 per hour or part thereof.
BullionVault reserves the right to charge for exceptional work which falls outside of the normal scope of our business.
Examples : Administering accounts through Divorces, Litigation, Dissolving a Trust, Corporate Account Liquidation.
BullionVault will not bill T&M in excess of $100 without prior written agreement.
Validation is easy. We require an image of a photographic ID and an image of a bank document (usually the top of your bank statement) showing relevant names, addresses, routing and account number data. You upload these files from your computer while logged on.
BullionVault is both required by law and motivated by security to ensure that all funded accounts are properly validated.
We ask you to validate your account within two weeks of your first deposit, and if you do not we will give you frequent reminders and ample time in which to complete this process. However, if you fail to validate after 8 weeks and repeated reminders, we will begin charging you a late validation penalty fee of $30 per month until your account is validated.
We do not want to charge you this fee - we want you to validate your account. As soon as you validate, we will re-credit your account with your most recent late validation penalty, if any.
If you are unable to reset your password online and require assistance over the telephone the following charge will apply.
Flat fee : $20
In our standard promotion we will offer new customers free grams of silver to experiment with dealing on BullionVault’s Order Board. These are an educational promotion which nevertheless have real value. Attempting to abuse this gift – for example by opening multiple accounts and selling directly to your main account – will cause us to debit your main account the full cost to us of your abuse and an additional Time and Materials billing appropriate to the time spent in reversing the abuse.
We welcome small deposits – which customers usually make to perform a bona-fide test of our system, and we welcome regular deposits (for example by standing order) from customers who wish to implement a savings plan.
However we do not welcome repeated small deposits which cost us disproportionately in banking fees. If we receive more than 4 deposits in a calendar year which are each below $100 we reserve the right to redeem the cost to us in banking and internal administration. We will not make this charge before advising you by email that we will do so and giving you the opportunity to stop the repeated small deposits.
We also reserve the right to bounce, at your expense, ongoing repeated small deposits.
In validating you prove that the source of your money is your bank account, and then your bank account is linked to BullionVault. If we later receive money from another account – even if it is yours – we may be obliged to return it.
Flat fee : $30
If we have to locate and contact your bank manager to satisfy ourselves regarding matters on your account we will charge $30. You can avoid this fee by arranging for your banker to contact us directly to provide the assurance we seek, should we request you to do so.
BullionVault reserves the right to charge for inappropriate use of its servers by automated web trading devices which operate without appropriate regard for the BullionVault resources their devices require. Ordinarily these charges will not be applied without fair warning.
© BullionVault Ltd 2013 - Buy gold online at live gold prices.