| Public Bank
| Maybank |
Eligibility | Individuals aged 18 years or above, personal or joint
| No age limit specified, individuals or joint account (up to maximum of 4 persons) |
Minimum initial purchase | 20gms
| 5gms |
Minimum balance | 2gms
| 1gm |
Trading unit | minimum 5gms in mutiples of 1gm
| minimum 5gms in multiples of 1gm |
Withdrawals | Cash, crediting of account or physical gold withdrawal (this option currently not available until further notice)
| Either in form of physical gold or cash (deposit into Maybank deposit account of customers) |
Withdrawal fees and charges | (Physical gold withdrawal currently not available until further notice) | Subject to conversion charge to cover the shipping and insurance. The fee is various and depending on total physical gold to be withdrawn.
|
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
| Not applicable |
Selling back physical gold to bank | No | Yes, provided the gold wafers have the Maybank logo with the protective seal/cover and it is accompanied by the Sales Memo
|
Difference between selling and buying price (Refer images below)
| Smaller | Bigger |