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Silver Currency Account

Buy the precious metal today with the CBD Silver Currency Account*, within minutes
and a few taps through the award-winning CBD Mobile Banking App.



  • Buy and sell silver digitally
  • No processing fees or additional charges for buying and selling in silver currency
  • Quick and easy account opening process
  • 100% digital application only with your Emirates ID
  • Free online and mobile banking facilities
  • Transact online as per your convenience
  • Preferential exchange rates for CBD customers
  • Safety and convenience of a trusted bank


*Please note that a CBD Account is required to instantly open a CBD Silver Currency Account. If you do not have one, you can first open a Current Account instantly via the CBD App in minutes and then open a Silver Account instantly.



Open a current account instantly

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Ready to buy silver?

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Who can apply?

  • If you are UAE National or UAE resident and minimum 21 years of age

What do I need to apply?

  • National ID or valid passport, residence visa and Emirates ID
View Fees and Charges

FAQs

What is silver account

Silver Account is an account which allows customers to buy/ sell Silver

What are the features of silver account?

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

How can I open a silver account

Silver account can be opened by CBD individual customers through CBD Mobile App.

Which segment of CBD customers is this offer valid for?

The offer is valid for conventional segment.

Which type of customers can open silver account?

Silver account can be opened by individual customers.

What is the minimum balance requirement for the silver account?

There is no minimum balance requirement for this account

What is the minimum value of silver that can be purchased?

A minimum silver value of AED 50 must be purchased

Is there a cheque book and debit card facility provided for silver account?

No

What are the charges for trading in silver?

There are no additional charges for buying and selling in silver currency

Is there an option to convert to physical silver?

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.

What are the timings for buying and selling online?

There are no cut off timings and this service is available 24x7

Will the traded value be in ounces or grams?

The traded value will be in ounces.

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WARNING

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.


SMS CAR to 4266



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Within UAE: 600 575 556

Outside UAE: +971 600 575 556

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