Payment for Investment Gold Coins & Bars
If you wish to pay us by international bank transfer, please note the following points:-
International Bank Transfers
International transfers take from about 1 day to 1 week, depending also whether they are sent as express or normal.
Bank charges for international transfers are higher than for domestic ones, and are levied at both ends. The total can commonly be about £40 to £50 in total. This is partly because the routing of the payment is more complicated, the sending bank and the recipient bank often need to use other intermediary banks or correspondents.
It is important that you as the sender elect to pay all fees.
There are generally three main options available regarding fees:-
We credit your account with the nett amount we receive, so you will obviously need to elect for option (a) which is for the sender to pay all charges.
- Payer (sender) pays all fees.
- Payer and beneficiary respectively pay charges.
- Beneficiary (recipient) pays all charges.
It is important to tell your bank this, as they may otherwise select one of the other two main options. Many banks assume option (b) by default.
For most of our UK domestic business, we obviously use our sterling account. For international customers, it is important to to send payments to our correct account.
Simply, if your funds are in US dollars, and you are paying us in US dollars, you need to specify the transfer to go into our US dollar account.
Similarly, if your funds are in euros, and you are paying us in euros, then be sure to specify the transfer to go into our euro account.
It your funds are in any other currency, please send your transfer to the credit of our sterling account, especially if you are changing it from your local currency.
Whichever currency you hold, the exchange rates we quote you will normally be much better than you will get from your own bank, unless you already get wholesale foreign exchange rates. Our foreign exchange rates are typically about 1% different from the "middle" rates quoted on interbank wholesale markets.
For sterling (GBP), euros, or US dollars, you simply need to transfer the correct amount into our appropriate account as mentioned above.
For other currencies, whichever currency you hold, the exchange rates we quote you will normally be much better than you will get from your own bank, unless you already get wholesale foreign exchange rates. Our foreign exchange rates are typically about 1% different from the "middle" rates quoted on interbank wholesale markets.
If transferring currencies other than sterling euro or US dollars, please discuss this with us before sending your transfer, as our bank will otherwise
bank branch may exchange your money at a "retail" rate in order to credit it to our sterling account.
Please see our main payments page, for alternatives.
For moderate amounts, cash sent by insured mail is a viable alternative. We accept a number of currencies.