Payment for purchase transactions is due within three (3) business days of placing your transaction. Payment for a Kitco purchase transaction depends both on your country of residence (or the country in which your principal place of business is located) and the value of your purchase, as follows:
First-Time U.S. and Canadian customers
Payment Type | Purchase Limit* | Currency | Holding Period |
Cleared Funds on a Kitco Account (FOA) | Unlimited | USD, CAD, EURO, GBP** | None |
Credit Card | $10,000 | USD, CAD | None |
PayPal | $10,000 | USD, CAD | None |
Bank Wire | Unlimited | USD, CAD, EURO, GBP** | None |
Bank Check Bank Draft Bank Money Order | $25,000 | USD, CAD | 3 business days |
Personal / Company Check | $25,000 | USD, CAD | 5 business days |
| E-check | $25,000 | USD | 3 business days |
Online Bill Pay | Unlimited | USD, CAD | None*** |
*The purchase limit indicated is applicable to first-time buyers. Depending on the transaction, you may contact us to increase your purchase limit. **Euros or pounds sterling may ONLY be used for purchases paid by Bank wire or Cleared funds on a Kitco account (FOA). ***US bank accounts - Some US (regional) banks may decide to mail Kitco a physical check. If this is the case, personal check rules will apply. Please verify with your bank how they process Online Bill Pay before using this option. |
Kitco can accept the following methods of payment. Read further for more details on each before sending in your payment.
- Bank wire
- Personal/ business check
- Bank check (draft, certified, cashier, money order)
- Credit card
- PayPal
- Funds on Account (FOA)
- E-check
- Online Bill Payment
If paying at our Montreal Counter, other payment options, or restrictions may apply. Please call us at 1-877-7754826 to go over your payment options.
Kitco does not accept multiple bank wires, checks or money orders sent at the same time.
The name on the payment must match the name(s) on the Kitco account; Kitco does not accept third-party payments.
Note: to ensure compliance with anti-money laundering/counter-terrorist financing regulations, incoming payments are subject to review. We may request additional information or documents to clarify the source of funds.
Bank Wires
In order to pay by bank wire, please log into your Kitco account. Our banking information is located under the profile section. If you place an order and select bank wire as a form of payment, you will receive the bank wire instructions through your order confirmation email and a reminder to reference your order number in the note field of your bank wire payment. We recommend printing the instructions and taking them to a teller at your bank, along with your order total. Our office typically receives wire transfers within 1-3 business days of submission. Please note; we only accept same-day bank wire payments and no ACH transactions.
Personal / Business Checks
Personal / business checks can be accepted up to $25,000 USD/ CAD. Customers with prior payment history may have an increased limit of $50,000 USD/ CAD.
Personal and business checks are subject to a holding period of five (5) business days from the date of deposit to ensure clearance.
Kitco can only accept checks in U.S. or Canadian Dollars.
When sending us a check, please ensure that it is made out to Kitco Metals Inc. and that your name and account number are clearly referenced on the check, as illustrated here
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).
Bank Checks
Includes certified checks, cashier’s checks, bank drafts, and money orders.
Bank checks can be accepted up to $25,000 USD/ CAD. Customers with prior payment history may have an increased limit of $50,000 USD/ CAD.
Only money orders issued by banks are acceptable. Kitco does not accept postal money orders. Bank checks are subject to a holding period of three (3) business days from the date of deposit to ensure clearance.
Kitco can only accept checks in U.S or Canadian Dollars.
When sending us a check, please ensure that it is drawn in favor of Kitco Metals Inc. and that your name and account number are clearly referenced on the check, as illustrated here
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.). 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).
Credit Card
Depending on shipping address, purchase limits on Credit Cards can be limited to $10,000 or up to $25,000 USD/CAD. Purchases of Kitco Pool or VaultChain can be paid by Credit Card for phone orders only at this time. Payment by credit card for Pool and VaultChain can be limited to $1,000 USD/CAD or up to $5,000 USD/CAD. Kitco may require additional verification for transactions paid by credit card. Orders that go through verification are typically shipped within 48 hours.
PayPal
Depending on shipping address, purchase limits using PayPal can be limited to $10,000 or up to $25,000 USD/CAD. Purchases of Kitco Pool or VaultChain cannot be paid through PayPal. Kitco may require additional verification for transactions paid through PayPal. Orders that go through verification are typically shipped within 48 hours.
FOA
Funds on account, or FOA are funds that you sent to Kitco that are placed in your account with us, to be used towards a purchase, or can be returned at your request. Funds on account are considered cleared when there are no holds placed on the funds. FOA must be clear for the processing of a purchase, or to be returned to you. There is no limit to how much FOA you can hold, and it is available to be held in USD, CAD, EURO, GBP.
E-check
E-checks can be accepted up to $25,000 USD/ CAD. Customers with prior payment history may have an increased limit of $50,000 USD/ CAD. In case of rejection or insufficiency of funds, a $5.00 fee will be applicable. E-checks are subject to a holding period of three (3) business days from the date of deposit to ensure clearance.
Online Bill Payment
US Bank Accounts - Available to all customers paying in USD through all major banks and several regional banks.
CANADIAN Bank Accounts - Available to all customers paying in Canadian currency through the following banks: BMO, CIBC, RBC, National Bank, Scotia Bank, TD, Simplii Financial, Laurentian Bank, Desjardins, Tangerine and Manulife.
Use the following steps to send your online payment to Kitco:
- Go into the Payments section of your online bank account
- Click "Pay a Bill" and then "Add a Payee"
- Search: “Kitco”, then select "Kitco Metals"
- Enter your Kitco account number as reference
- Complete your payment following the instructions provided on your online banking account
International customers
International customers can pay for their Kitco purchases by any of the following methods:
- Bank wire
- Cleared funds on a Kitco account
If you are paying us from the funds on your account, you do not need to send us any money. We will deduct the sum you owe us from the funds on your Kitco account.
If you are paying us by bank wire, the beneficiary should be Kitco Metals Inc. Detailed bank wire instructions (address, account number, etc.) will be available on the Transaction Processing page during the checkout process and in the confirmation email that you will receive.
NOTE: To speed up your purchase
- Log in to your Kitco account and obtain bank wire information from the profile section
- Print the bank wire instructions.
- Confirm the total amount due to Kitco with your financial institution
Our office typically receives wire transfers within 1-3 business days of submission. Please note; we only accept same-day bank wire payments and no ACH transactions.
If you are paying us by personal or company check, please make out your check to Kitco Metals Inc. and include your name and Kitco account number. See check example. You may send your check to one of the following addresses
Canadian Residents:
Kitco Metals Inc.
620 Cathcart, Suite 900
Montreal, QC H3B 1M1
Canada
US Residents:
Kitco Metals Inc.
64 Lake Street, Suite 101
Rouses Point, NY 12979
USA
