INTERNET BANKING
Silver Account

Silver Account

The secret to making your silver savings safely is at Fibabanka Silver Account! Fibabanka offers you the privilege to investing in silver safely without the risk of loss or theft and without paying labor costs.

  • Benefits of Silver Account
  • Facts You Should Know
  • Frequently Asked Questions

 

Have your savings gain value safely in Fibabanka Silver Account. Never mind the traditional methods of investing in silver, and avail yourself of the benefits and advantages offered by Silver Account.

Save silver in your account safely and lucratively without being exposed to risks of theft, loss and fraud and without paying labor costs. Moreover; for the Silver Account, save yourself the trouble of paying account maintenance fee!

You can visit our nearest branch any time in order to open a Silver Account and easily and lucratively conduct your trading transactions following the opening of your account.

Nearest Fibabanka Branch
  • In the event your savings are denominated in TRY, the amount in grams of your gold will be calculated on the basis of the price per gram in TRY, and in the event they are denominated in USD, it will be calculated on the basis of the price per gram in USD, and will be expressed in your gold account in terms of “g” (grams).
  • In respect of the gold trading transactions you may intend to conduct on your TRY or USD drawing account, you can buy and sell gold in lots of 1 gram (1 XUA) as if you trade foreign exchange.
  • The Silver Account transactions are conducted on book-entry basis. No physical silver delivery takes place.
  • The purity grade of the silver that is traded is 99.9/100.
  • You can transfer silver in terms of grams to any other silver account from the Drawing Silver Account.
  • No interest is accrued to the Drawing Silver Account.

How can I open a Drawing Silver Account?

If you are a Fibabanka client, you can have your account opened through our Mobile and Internet Banking channels or through our Branches. If you do not have a drawing account with our Bank, you can have a Drawing Silver Account opened through our branches.

Can I buy and sell foreign exchange on my Drawing Silver Account?

You can conduct Silver (XAG)/Turkish Lira (TRY) and Silver (XAG)/US Dollar (USD) trading transactions.

Can I receive the amount in my Drawing Silver Account in the form of physical silver?

You cannot receive the balance amount in your Silver Account in the form of physical Silver, but you can have your silver converted into TRY or USD and can, thereafter, withdraw or transfer such monetary amount.

Can I transfer the amount in my Drawing Silver account to my silver account held with another bank?

The balance amount in your Silver Account cannot be transferred to another bank in the form of silver. You can have such amount converted into TRY or USD, and transfer such amount thereafter.

Can I transfer the amount in my Drawing Silver Account to another Fibabanka Silver Account?

Yes, you can transfer your silver in grams to another Silver Account of yours that is held with our Bank.

How do I earn interest on my Drawing Silver Account?

No interest is accrued to the balance in your Drawing Silver Account; however, if you wish, you can start earning interest by converting your account into a Silver Kiraz Account.

What is the purity grade of the silver held in my Drawing Silver Account?

The purity grade of the silver that is traded is 99.9/100.