Gold Account

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

Benefits of Gold Account
Facts You Should Know
Frequently Asked Questions

Do not keep your savings under the mattress, let them gain value safely in Fibabanka Gold Account. Avail yourself of the benefits and advantages offered by Gold Account, which is cleared of the disadvantages of traditional methods of investing in gold.

Make sure you do not encounter disadvantageous situations such as low gold weight, low gold caliber or your gold’s being old-dated, and safely save gold in your account without paying labor costs or being exposed to the risk of theft. Moreover, for Fibabanka Gold Account, you also save yourself the trouble of paying account maintenance fee.

You can visit Fibabanka’s Internet Banking channel and our nearest branch any time in order to open a Gold Account and easily 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 Gold Account transactions are conducted on book-entry basis, meaning the relevant amount of gold is not delivered physically.
The purity grade of the gold that is traded is 995/1000.
You can transfer gold in terms of grams to any other gold account from the Drawing Gold Account.
No interest is accrued to the Drawing Gold Account.

How can I open a Drawing Gold Account?

If you are a Fibabanka client, you can have your account opened through our Mobile and Internet Banking channels or through our Telephone Banking channel by dialing 444 88 88, or through our Branches. If you do not have a drawing account with our Bank, you can have a Gold Account opened through our branches.

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

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

Can I receive the amount in my Drawing Gold Account in the form of physical gold?

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

Can I transfer the amount in my Drawing Gold account to my gold account held with another bank?

Our clients can transfer their gold in grams, which are held in their accounts with other banks that are registered to the Gold Transfer System, to Fibabanka, and their gold in grams, which are held in their accounts with Fibabanka, to such other banks in the form of gold denominated in grams without converting their gold and being exposed to the risk of physical transfer. For further information, please click here.

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

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

How do I earn interest on my Drawing Gold Account?

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

What is the purity grade of the gold held in my Drawing Gold Account?

The purity grade of the gold that is traded is 995/1,000.