Public Bank Gold Investment Account

Public Bank account holders are given the opportunity to invest in gold via Public Bank's Gold Investment Account. With the facility to buy and sell gold via public bank's e-banking account, investor can now perform all gold transactions with ease without the hassle of going to the bank. 

Now before you decide to start your very own Public Bank Gold Investment Account (Public Bank Gold Saving Account), here are some vital information about selling and buying gold from Public Bank:

What is a Public Bank Gold Investment Account?

• Gold Investment Account is an account which allows individual customers to purchase the purest available gold commodity in 99.99% fineness at daily prices for 1 gram in Ringgit Malaysia (RM).
• A passbook will be provided to the account holders and every purchase/sale order will be recorded in the passbook.

Features and Benefits

Eligibility	• Individuals (resident or non-resident) aged 18 years and above. • Personal or joint
Minimum Initial Purchase	10gms
Minimum Balance in the Account	2gms
Minimum Subsequent Purchase/ Sale	5 grams and must be in multiple of 1 gram
Gold Purchase	• Gold purchase will be based on the Bank's prevailing gold SELLING price quoted in RM per gram. • The mode of payment accepted for purchase of gold are : - cash - debiting of account - house cheque • No physical gold deposit is allowed.
Gold Sale/ Withdrawal	• Gold sale will be based on the Bank's prevailing gold BUYING price quoted in RM per gram. • Withdrawal options available are : - Cash - Crediting of account - Collection of physical gold withdrawal at selected branches
Account Opening Requirement	Customer is required to maintain either a savings account or current account prior to opening a GIA to facilitate the debiting of service fee, if any.
Service Fee	An annual fee of RM10 will be levied on the designated deposit account on the first day of the calendar year if the account balance is below 10gms as at year end.
Online Gold Trading via PBeBank.com	• Available from 9.30 a.m. to 4.45 p.m., Monday to Friday when the Bank is opened for business in the Federal Territory of Kuala Lumpur. • Gold purchases and sales are offered at a discounted price. • Registration of GIA for PBeBank.com online banking service is required. • Transaction Limit: Minimum 5 grams per transaction Maximum RM50,000 equivalent per GIA account per day for both gold purchases and sales.

Fees and Charges

No.	Type of Charges	Amount
1	Gold quantity balance of less than 10 grams as at 31 December each year The aforesaid service fee will be waived for new accounts opened for less than (1) month i.e. opened in the month of December.	RM10-00 per annum
2.	Replacement of lost Gold Investment Account passbook	RM10-00 plus stamp duty
3.	Stamp duty for Gold Investment Account Agreement	RM10-00
4.	Physical Gold Withdrawal - Denomination of gold bar available in 50g and 100g. Fee charged is on per piece basis.	Gold Collecting Branches 50g 100g Jalan Sultan Sulaiman RM220 RM240 Pulau Pinang/ Bagan Ajam RM250 RM270