Updated on February 17, 2014

Opening and funding an account

How do I open a Kitco account?

Depending on the type of account you want to open, do the following:

Individual Account Joint Account Minor Account (for persons aged less than 18 years) Business Account Account for an existing trust

Online

By Telephone

  • Call 1 877 775-4826 or 514 313-9999 to create your account and make your first purchase
  • Download and fill in the Kitco Joint Account Application Form from the “Open an Account” page of our online store
  • Complete the application form and send the required documents to Kitco as instructed in the form
  • As soon as your required documents are received and approved, an account will be opened for you.
  • For further information, please call 1 877 775-4826 or 514 313-9999
  • Download and fill in the Kitco Account Application Form for a Minor from the “Open an Account” page of our online store
  • Complete the application form and send the required documents to Kitco as instructed in the form
  • As soon as your required documents are received and approved, an account will be opened for you.
  • For further information, please call 1 877 775-4826 or 514 313-9999
  • Download and fill in the Kitco Business Account Application Form from the “Open an Account” page of our online store
  • Complete the application form and send the required documents to Kitco as instructed in the form
  • As soon as your required documents are received and approved, an account will be opened for your business
  • For further information, please call 1 877 775-4826 or 514 313-9999
  • Download and fill in the Kitco Account Application Form for an Existing Trust from the “Open an Account” page of our online store
  • Complete the application form and send the required documents to Kitco as instructed in the form
  • As soon as your required documents are received and approved, an account will be opened for your trust
  • For further information, please call 1 877 775-4826 or 514 313-9999
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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?

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How can I add funds to my account?

International customers

International customers can add funds to their Kitco accounts by using two methods only, by bank wire or by bank wire via Western Union.

U.S. and Canadian customers

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:

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 or by bank wire via Western Union.

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 or by bank wire via Western Union.

*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).

Important information when paying with a Bank wire via Western Union

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

Write your check as illustrated below:

https://online.kitco.com/help/faq_opening_and_funding_an_account/image001.jpg

Depending on your country of residence, send your check to one of the following addresses:

United States residents Canadian residents
Kitco Metals Inc.
64 Lake Street, Suite 101
Rouses Point, NY 12979
USA
Kitco Metals Inc.
620 Cathcart, Suite 900
Montreal, QC H3B 1M1
Canada
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