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

Maybank2U Gold Investment Account

One of the main reason why many investors purchase gold from Maybank is because of its convenience. Being the largest bank in Malaysia, practically everyone owns a Maybank2U online e-banking account. What better way then to utilize your very own Maybank2U to purchase and sell gold at convenience of your own home?

Before you decide to start your very own Maybank2U Gold Investment Account, here are some vital information about selling and buying gold from Maybank:

Features and Benefits:

• Better Protection: Investments in Maybank Gold Investment Account are fully backed by physical gold deposited in Produits Artistiques Metaux Precieux (PAMP S.A).
• Convenience: Managing your account is easy. Buy or sell easily with your passbook at any Maybank branch in Malaysia or via Maybank2u.com
• Affordability: 1 gram is all you need to purchase, sell and maintain your investment.

Features	Description
Minimum Initial Purchase	1 gram
Minimum Subsequent Purchase/Sale	In multiples of 1 gram
Minimum Balance in the Account	1 gram
Gold Purchase Price	- 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:    1) Cash    2) Debiting of current/savings account maintained with the   Bank    3) House cheque    4) Maybankard Debit & Credit Card (Visa & MasterCard only)
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:    1) Cash    2) Crediting of current/savings account maintained with the Bank
Mode of Operation	Passbook
Interest	No interest payout
Stamp Duty Fee on Agreement	RM10
Replacement of Lost / Spoilt Passbook	RM15 (inclusive of Stamp Duty for Letter of Indemnity)
Buy or sell gold via Maybank2u.com	Available from Monday to Friday (10am to 4.30pm) when the Bank is open for business in the Federal Territory of Kuala Lumpur

Who can apply?

• Individuals aged 18 years and above
• Joint account - maximum 4 persons

Gold Investment via Maybank2U

Enjoy the convenience of managing your Maybank Gold Investment Account (MGIA) online via Maybank2u.com. You can now buy and sell gold anywhere, anytime from the comfort of your home, office or while you're on the go.
Just follow these simple steps:

1. Log in to your Maybank2u account

2. Click "Investment" on the main menu tab

3. Click "Maybank Gold Investment Account"

4. Options available:

View my MGIA details
(View account details and transaction history)

Deposit Gold
(Make an online deposit/purchase of gold into your MGIA account)

Withdraw Gold
(Perform online gold withdrawal/sale from your MGIA account)

5. Online Trading Hours

Online gold trading is available between 10.00 am to 4.30 pm from Monday to Friday
(Subject to Federal Territory business days)

Summary:

Disclaimer: 

The returns on Maybank Gold Investment Account (MGIA) are subject to the gold price fluctuations. Customers are advised to read and understand the product before making any investment. This product is not insured by Perbadanan Insurans Deposit Malaysia (PIDM).

Important:

Do take some time to download and read the following before investing.

Download Product Disclosure HERE

Download Maybank Gold Investment Account FAQ HERE