BullionVault Tariff

Standard Charges

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.

  1. Dealing commission each time you buy or sell through the order board.

    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.

  2. Storage & insurance for as long as you hold.

    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.

  3. 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.

  4. Funds wire fee

    Most UK withdrawals are free. Where we pay our bank to remit funds to you (e.g. US and international transfers) there is a fee of $30.

More detail on standard charges

  1. Standard (Order Board) commission rates
  2. Storage and insurance (custody) charges

Charges for optional services

  1. Daily Price Orders commission rates
  2. Spot Market commission rates
  3. Armoured transportation
  4. Reserving specific bars
  5. Physical bullion withdrawal fees
  6. Transferring bullion to an alternate vault
  7. Deceased account administration
  8. Changing your linked bank account
  9. Time and materials billing

Penalty Charges

  1. Delayed validation
  2. Password reset
  3. Promotion abuse
  4. Repeat small deposit surcharge
  5. Return of unlinked deposits
  6. Contacting your bankers
  7. Machinery abuse

More detail on standard charges

Standard (Order Board) commission rates

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%

Storage and insurance (custody) charges

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.

Example custody charges
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%

Charges for optional services

Daily Price Orders commission rates

Flat rate : 0.5%. For daily price orders set in British Pounds or in Euros there is an additional 0.3% currency-switching fee.

Spot Market commission rates

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

Armoured transportation

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 Toronto, Singapore and New York

Reserving specific bars

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%

Physical bullion withdrawal fee

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.

Transferring bullion to an alternate vault

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.

Deceased account administration

Not to exceed the higher of $500 or 1% of the value of the account without approval from your administrators/executors.

Changing your linked bank account

BullionVault reserves the right to charge you an administration cost of up to $50 for changing your linked bank account.

Time and materials billing

$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.

Penalty Charges

Delayed validation

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.

Password reset

If you are unable to reset your password online and require assistance over the telephone the following charge will apply.

Flat fee : $20

Promotion abuse

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.

Repeated small deposit surcharge

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.

Return of deposits from a bank account which has not been validated as yours

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

Contacting your bankers

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.

Machinery abuse

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.


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