Highlights
Attractive precious metals prices
Convert gold and silver to cash anytime
Gold and silver currency accounts: top features
Benefits of banking with CBD’s gold and silver currency account
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Buy and sell gold and silver digitally with instant execution and conversion
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Trading values as per published rates by CBD Treasury
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Quick and easy account opening process
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Competitive and attractive pricing
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Convert gold and silver to cash anytime
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Trade in ounces and with ease
Buy the precious metals today with the CBD Gold & Silver Currency Accounts*, within minutes and a few taps through the award-winning CBD Mobile Banking App.
Eligibility criteria
| Gold/Silver | Criteria |
|---|---|
| Who can apply? | If you are a UAE National or UAE resident and minimum 21 years of age |
Required documents
What do I need to apply?
- National ID or valid passport, residence visa and Emirates ID
- Completed account opening form
Relevant links
Affordable banking tips
Our goal at CBD is to ensure that everyone has access to affordable banking solutions to help improve financial capability, promote savings, and build assets and wealth in the months and years to come. This section provides you with tips for your lowest cost and more affordable banking solutions at CBD. To ensure you are not charged a monthly service fee on your account, please ensure you maintain a minimum monthly average balance of AED 5,000. This is waived if you transfer your salary to CBD (minimum salary transfer of AED 5,000 or more, effective 1 August 2024) or if you have a loan/finance with the bank.
Key Facts Statement
We kindly request you to carefully read and understand this document if you are applying for a Current account from Commercial Bank of Dubai.
Learn moreFees and charges
Learn moreServices that come with a gold and silver currency account
- Access your account in a way that suits you: choose from Digital banking, Phone banking or SMS banking. Of course, you’re always welcome to visit us in one of our branches: find your nearest branch here.
FAQs
The offer is valid for conventional segment.
There are no cut off timings and this service is available 24x7
The traded value will be in ounces.
The features of gold account are as below:
- Easy and quick account opening in the form ofCurrent Account through click of a button
- Trading values as per published rates by CBD treasury
- No need of holding virtual gold , trade with the ease from anywhere
- Customer can BUY/SELL on digital channels as per applicable FX rates
Gold account can be opened by CBD individual customers through digital channels at CBD mobile app.
CBD customers can only purchase and sell gold as currency similar to other foreign currency accounts, trading, physical delivery of the metal as gold is currently not available.
There are no additional charges for buying and selling in gold currency
There is no minimum balance requirement for this account
There is no minimum value required for purchase of gold
Gold account can be opened by individual and small business customers.
GOLD Account is an account which allows customers to buy/ sell Gold
Silver Account is an account which allows customers to buy/ sell Silver
The features of silver account are as below:
- Easy and quick account opening in the form of Current Account through click of a button
- No need of holding physical silver
- Trade in ounces and with ease from anywhere
- Customer can BUY/SELL on digital channels as per applicable FX rates
Silver account can be opened by CBD individual customers through CBD Mobile App.
Silver account can be opened by individual customers.
There is no minimum balance requirement for this account
A minimum silver value of AED 50 must be purchased
There are no additional charges for buying and selling in silver currency
CBD customers can only purchase and sell silver as currency similar to other foreign currency accounts, trading, physical delivery of the metal as silver is currently not available.
The traded value will be in ounces.
Important information
If the account balance is below the Minimum balance thresholds, then the corresponding breach of Minimum balance charges will apply. For complete product details and warnings, please refer to the Key Facts Statement document.
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