No hidden fees, only transparency.

VeraCash account usage
Personal account opening(1) Free
Professional account opening(1) Free
Personal information modification
(bank account, mailing address)

(1) Inhabitants of countries approved by the FATF.

Credit: purchase of precious metals
Gold purchase service fees
From EUR to gold
3% 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
Precious metals resale by VeraCash Mastercard® service fees Free
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.

VeraCash Mastercard®
Issuing of new VeraCash Mastercard®(6) Free
Payment by card in Euro zone Free
Payment by card outside the Euro zone(7) Free
ATM withdrawal in Euro(8) Free
ATM withdrawal in foreign currency(8) Free

(6) Inhabitants of the SEPA zone.
(7) 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.
(8) Despite all the advantages of a VeraCash account, we are pleased to offer withdrawal of money from ATM free of charge.

Precious metals vaulting in Switzerland(9) 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" (10) 0,02%/day
Estate management 100€
Termination of VeraCash service Free

(9) Unlimited vaulting in Geneva's Free Ports.
(10) 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.

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What 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.

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What fees are charged for using the VeraCash Mastercard?

Subscription is free, and you pay no commissions on payments or cash machine withdrawals.

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