Pricing
No hidden fees, only transparency.
| VeraCash account usage | |
|---|---|
Personal account opening(1) |
Free |
Professional account opening(1) |
Free |
Youth account opening(1) |
Free |
| Personal information modification (bank account, mailing address) | Free |
(1) Inhabitants of countries approved by the FATF.
| Credit: purchase of precious metals | |
|---|---|
GoldPremium purchase service fees
From EUR to gold
|
3% of the amount |
GoldSpot purchase service fees
From EUR to gold
|
0,5% of the amount |
Silver purchase service fees
From EUR to silver
|
7% of the amount |
Diamond purchase service fees
From EUR to diamond
|
10% of the amount |
| Credit by bank transfer(2) | Free |
| Credit by credit card(3) | 0,8% of the amount |
(2) Occasional or automatic purchase of precious metals by bank transfer. (3) Occasional or automatic purchase of precious metals by credit card.
| Transfer of precious metals from peer-to-peer | |
|---|---|
| Transfer of precious metals - Sending(4) | Free |
| Transfer of precious metals - Receiving(4) | Free |
(4) Precious metals transfers are expressed in VRC. The VRC (or VeraCash) is the unit of currency backed by precious metals. It is exchangeable, VRC 1 = EUR 1, and vice versa.
| Debit: resale of precious metals | |
|---|---|
| GoldPremium, Silver, Diamond resale by VeraCash Mastercard® service fees | Free |
| GoldSpot resale by VeraCash Mastercard® service fees (6) | 0,5% of the amount |
| Precious metals resale by bank transfer in France service fees | 1% of the amount |
| Precious metals resale by bank transfer overseas service fees | 1% of the amount + 30€ |
| Precious metals resale service fees for a permutation(5) | 1% of the amount |
(5) Precious metals resale in order to re-balance one's wallet and purchase gold, silver or diamond. (6) Not applied to product launch.
| VeraCash Mastercard® | |
|---|---|
| Issuing of new VeraCash Mastercard®(7) | Free |
| Payment by card in Euro zone in GoldPremium, Silver and Diamond | Free |
| Payment by card in Euro zone in GoldSpot(9) | 0,5% of the amount |
| Payment by card outside the Euro zone in GoldPremium, Silver and Diamond(8) | Free |
| Payment by card outside the Euro zone in GoldSpot(9) | 0,5% of the amount |
| ATM withdrawal in Euro in GoldPremium, Silver and Diamond (8) | Free |
| ATM withdrawal in Euro in GoldSpot(9) | 0,5% of the amount |
| ATM withdrawal in foreign currency in GoldPremium, Silver and Diamond(10) | Free |
| ATM withdrawal in foreign currency in GoldSpot(9) | 0,5% of the amount |
(7) Inhabitants of the SEPA zone. (8) The payment card VeraCash Mastercard® is perfect when used abroad because the conversion rate from EUR to foreign currencies is closest to the "spot" conversion rate. (9) Not applied to product launch. (10) Despite all the advantages of a VeraCash account, we are pleased to offer withdrawal of money from ATM free of charge.
| Miscellaneous | |
|---|---|
| Precious metals vaulting in Switzerland(11) | Free |
| Online monthly statement | Free (€20 for a paper duplicate) |
| Reissue replacement card (due to a malfunction) | Free |
| Payment cancellation fees | 25€ |
| Reissue of payment card's confidential code | 7€ |
| Reissue of payment card before due date | 30€ |
| Documents, slips or receipts research | Available on quotation |
| Registered mail following customer's request | Available on quotation |
| "Oxidation" (12) | 0,02%/day |
| Estate management | 100€ |
| Termination of VeraCash service | Free |
(11) Unlimited vaulting in Geneva's Free Ports. (12) Starts from March 15st, 2018. In order to avoid the oxidation charge, you just need to use your VeraCash account on a regular basis through one of these methods: payment/withdrawal by the VeraCash card, VRC transfers, credit to the account and referrals are considered activities.
Frequently asked questions
Is there a charge for storing my precious metals?
No, VeraCash stores your precious metals for free.
Read moreWhat is oxidation and how can I avoid it?
“Oxidation” refers to VeraCash accounts which have been inactive for more than six sliding months. The associated fee is designed to encourage the circulation of VeraCash money on members’ accounts.
Read moreWhat fees are charged for using the VeraCash Mastercard?
Subscription is free, and you pay no commissions on payments or cash machine withdrawals.
Read more