You pay only two charges in the normal course of using BullionVault:
All other possible charges are detailed below. There are no hidden fees.
Commission rates for both purchases and sales are applied according to the aggregate value of bullion traded throughout the calendar year - starting on the day your create your account. They are as follows :-
| Sum of all purchases in the year so far |
Commission rate on the purchase |
|
| Up to | $30,000 | 0.800% |
|---|---|---|
| The next | $30,000 | 0.400% |
| The next | $540,000 | 0.100% |
| then | 0.020% |
| Sum of all sales in the year so far |
Commission rate on the sale |
|
| Up to | $30,000 | 0.800% |
|---|---|---|
| The next | $30,000 | 0.400% |
| The next | $540,000 | 0.100% |
| then | 0.020% |
There is no minimum commission charge. If you choose to buy your gold a single gram at a time you can. At the 0.02% rate you'll be paying a 1 cent commission on trades up to $50 (about 2 grams).
The custody charge is 0.12% per annum, with a minimum monthly fee of $4. It is billed monthly during any month in which you hold gold.
| Dollar value of your gold |
Typical annual custody charge |
Effective annual % rate |
| $5,000 | $48 | 0.960% |
| $10,000 | $48 | 0.480% |
| $20,000 | $48 | 0.240% |
| $30,000 | $48 | 0.160% |
| $40,000 | $48 | 0.120% |
| $50,000 | $60 | 0.120% |
| $75,000 | $90 | 0.120% |
| $100,000 | $120 | 0.120% |
| $250,000 | $300 | 0.120% |
| $500,000 | $600 | 0.120% |
| $1,000,000 | $1,200 | 0.120% |
If you choose to use the cell/mobile SMS Burglar Alarm, BullionVault debits a fee to cover the costs each time it sounds.
The charge per SMS is 20 cents or approximate foreign currency equivalent.
Login and Order Alerts are optional, and can be activated on your Account Settings page when logged in. Withdrawal Alerts are automatically activated by you entering your cell/mobile number.
When you withdraw your money the cost of wiring funds direct to your bank is deducted from the amount withdrawn.
The charge is $30 or approximate foreign currency equivalent.
Should you forget your password, issuing a new one is akin to cutting you a new key to the vault. It represents a security risk, and requires significant time to establish that the new 'key' is being issued to the rightful owner. BullionVault reserves the right charge your account $20 for a password reset.
In the event of your death, BullionVault will charge an administration fees to handle the finalization of your account. This fee will not exceed the higher of $500 or 1% of the value of the account without both explanation from us and prior approval of the administrator.
If you are dealing in whole bar sizes (multiples of 12.5kg) you have the right to trade gold directly on the local professional bullion markets, as described in our Terms and Conditions.
If you exercise this right you will pay BullionVault's normal commission rates, an extra $100 arrangement fee, and all market charges including any shipment costs. Typically, this proves cheaper for deals of two or more bars (25kg or more).
Please contact us if you wish to discuss the pros and cons of trading this way.
If you have enough gold in any vault, you have the right to reserve a specific bar in your name.
There is a charge of 0.1% to reserve a bar in your name. There is no charge to release it. In addition, the vaulting charge for reserved gold increases from 0.12% to 0.18% per year.
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.
BullionVault reserves the right to charge you an administration cost of $50 for changing your linked bank account.
If you make deposits from any source other than your single linked bank account, BullionVault may not be able to accept those funds into your existing account. If this is the case, we will give you the choice of either opening an additional BullionVault account or having the funds returned to source. Since the latter is a fairly lengthy process involving our bank's research team, when you ask us to return your funds to source we will charge you an administration fee of $30.
If you deposit money using a method on which your bank has a right of repudiation, and you want to withdraw those funds before that right has expired, we will need to contact them to ensure the funds are completely cleared before we can process your withdrawal. When this is necessary, we will charge you an administration cost of not more than $30.
Currently this charge only applies to US check & online deposits that you wish to withdraw within 60 days.
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 reserves the right to charge for exceptional work which falls outside of the normal scope of our business as defined in our Terms and Conditions. (For example, in divorce cases where we can no longer return funds to the linked bank account, nor to a new account held in the same joint names, we would charge you for the time we spend in finalizing the account to the satisfaction of all parties.)
BullionVault will never begin such work without prior agreement.
The standard hourly rate for time billing is $50 per hour (or currency equivalent).
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