Other Services & Rates | | | Fee schedule for additional services |
Bank Wire Fee The wire fee charged by our bank is deducted from your currency balance before funds are wired to your bank account. For example, the transfer of US$50,000 with an international wire fee of $40 would result in a total debit of $50,040 from your currency balance and a $50,000 credit to your bank account (your bank may charge a fee for receiving a bank wire). The wire fees charged by our bank are subject to change, but will always be disclosed to you before you complete a funds transfer.
| Currency |
Funds wire transfer fee |
| CAD - Canadian dollars |
C$45 per transfer |
| CHF - Swiss francs |
SFr45 per transfer |
| EUR - euros |
€30 per transfer |
| GBP - British pounds |
CHAPS & international transfers: £20; 3-day UK BACS transfers: Free |
| JPY - Japanese yen |
¥4,000 per transfer |
| USD - US dollars |
$40 per transfer |
Interest Paid on Customer Funds & Administrative Fee
If a customer holds a national currency balance, GoldMoney will pay any interest received from its banks to the customer's national currency balance at the end of the month. Interest is paid shortly after the close of the calendar month. Therefore, interest for the previous month is paid within five business days of the new month. Our interest payment schedule may be subject to change depending on interest payment policies of the various banks we work with, but we aim to make payments monthly. Table of Current Interest Rates Paid interest per annum | Currency | Rate of interest | | CAD - Canadian dollars | 0% per annum | | CHF - Swiss francs | 0% per annum | | EUR - euros | 0% per annum | | GBP - British pounds | 0% per annum | | JPY - Japanese yen | 0% per annum | | USD - US dollars | 0% per annum |
Interest rates are based on current rates provided by our banks. The interest paid is calculated by using the customer's average funds balance for that month. Administrative Fee for Customer Funds An administrative fee of 0.25% per annum (0.02083% per month) is deducted from the monthly interest payment. The fee is applied only if the customer has a national currency balance and only if interest has been paid on that balance. For example, if the interest rate paid by our banks is 2%, the interest income you earn on your money is 1.75% after deducting the administrative fee. If the interest rate per annum is less than 1%, the administrative fee is reduced to 0.10%. If the interest rate paid per annum is less than 0.25%, no interest will be paid. administrative fee | Interest paid per annum | Administrative fee per annum | | more than 1% | 0.25% | | 0.25% to 0.99% | 0.10% | | less than 0.25% | no fee (& no interest paid on customer funds) |
For customers resident in the European Union, GoldMoney is required by law to retain 20% of the interest paid as EU retention tax. Service Fee We charge a fee of 1 to 10 goldgrams for completing special requests beyond the services listed above. Fees are based on the time required by GoldMoney staff to complete your request. | 
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