Online Store Home > Frequently asked questions > Funding an account

Funding an account

Fund your account before placing your precious metals purchase. Frequently asked questions regarding the different ways you can fund your account and how to send in funds to your Kitco account can be found here.

  1. Why is prefunding a Kitco account recommended?

    U.S. and Canadian residents can buy or sell precious metals worth up to $20,000 as soon their Kitco account is opened and activated. For larger purchases and sales, depending on their value, you require at least 15% or 25% of the total value of all open transactions in cleared funds on your Kitco account or cleared Kitco Pool. Residents of all other countries cannot buy or sell precious metals without such cleared funds with Kitco or cleared Kitco Pool. That is why we recommend that you prefund your Kitco account. Doing so will allow you to buy or sell your desired quantity of precious metals at any time and take immediate advantage of favorable price movements. For information on funding your account, see “How can I add funds to my account?

    How can I add funds to my account?

    Sending up to $10,000 in U.S. or Canadian dollars

    U.S. and Canadian customers can add up to $10,000 to their Kitco accounts in U.S. or Canadian dollars by any of the following methods:

    • Bank wire
    • Personal or business check*
    • Certified check, cashier's check, teller’s or official check†
    • Bank draft†
    • Money order issued by a bank†‡

     

    Sending over $10,000 in U.S. or Canadian dollars

    U.S. and Canadian customers can add over $10,000 to their Kitco accounts in U.S. or Canadian dollars by Bank wire.

    Sending funds in Euros or pounds sterling

    U.S. and Canadian customers can add funds to their Kitco accounts in Euros or pounds sterling only by Bank wire.

    *Personal and business checks are subject to a holding period of 10 business days from the date of receipt to ensure clearance.

    †All other checks, bank drafts and money orders are subject to a holding period of three business days from the date of receipt to ensure clearance.

    ‡Only money orders issued by banks are acceptable. Kitco does not accept postal money orders.

    Checks will be returned to you by Kitco if they are incorrectly written (with an incorrect or missing date, dollar amount discrepancies, incorrect spelling, missing signature, etc.). Your bank will return your check if there are insufficient funds in your bank account or if your bank account is closed or not traceable. Should this happen, you will be charged an administrative fee of $35 (USD for U.S. dollar amounts and CAD for Canadian dollar amounts). Checks returned by Kitco will be sent to you by regular mail. At your request, we can return your check by courier for a fee of $30 (USD for U.S. dollar amounts and CAD for Canadian dollar amounts).

    Check payment instructions (for U.S. and Canadian customers only)

    Write your check as illustrated below:

    Check payment instructions

More
  • | call now! 1 877 775-4826
THANK YOU FOR SUBSCRIBING!