What is a metal account in Sberbank. How to open an unallocated metal account in Sberbank

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

An excellent alternative to the standard deposit in dollars or rubles is a metal account in Sberbank. In some situations, it opens up great prospects for earning. The most popular are unallocated metal accounts, also known as OMS. Their main advantage is that they do not require additional costs for maintenance, and any manipulation with them is very simple. OMS are offered in almost any financial institution, but despite the specific conditions of partnership in each of the banks, there are general standards and rules.

What does a depersonalized metal account mean?

A metal account with Sberbank is one type of client's account that holds precious metal. It is not characterized by the presence of features typical for ingots, such as quantity and fineness. You can withdraw precious metals from your account either directly in the form of ingots, which will be accompanied by additional costs, or in cash.

If on accountit is planned to put gold, silver or platinum directly in physical format, it will be necessary to conduct an examination of the metal, order its assessment and ensure transportation. Moreover, you will have to pay VAT in the amount of 18% of its value. Simplification of the account replenishment procedure occurs if an impersonal precious metal is used. It will be reflected in your own deposit in grams. You can deposit metal in the amount of 0.1 grams, which makes the offer affordable for almost every person.

How about interest charges?

An impersonal metal account with Sberbank is not accompanied by interest. In Russia, it is not customary to charge additional funds to accounts of this category. If a financial institution offers a rate of 1 to 2%, which will be calculated in grams of metal, then this is an incredibly profitable offer, and you should immediately agree to it. In Western countries, the practice of accruing interest on a deposit is quite widespread. The investor receives profit on this category of deposits due to changes in quotations. If the value of the precious metal increases during the partnership with the bank, the depositor will earn. If the value of the asset decreases, then the deposit will give a drawdown. The specificity determines the low liquidity in the broad masses of such a product as metal accounts of Sberbank. The rate of the precious metal on the international market determines the profitability and loss of the asset, which is very risky and not suitable for most investors.

Opening conditions

CHI serviceis available to every client of a financial institution who is 18 years old at the time of signing the cooperation agreement. A metal account with Sberbank can also be opened for a child who is not yet 14 years old, but only if an official representative is present. Children between the ages of 14 and 18 can open this category of accounts on their own, but only with the official permission of their parents or guardians.

Account management can be entrusted to a third party with a certain skill level. The main thing is that the power of attorney for authority should be formalized and notarized. Not all branches of a financial institution have the technical ability to open a metal account with Sberbank, so you should ask about this issue in advance.

Important aspects of partnership

Metal accounts, reviews of which are mostly positive, in most cases are opened for a period of one year. The client is given the opportunity to prolong the deposit. The account can be opened in one of four popular metals such as gold, platinum, silver and palladium. Most often, deposits are opened in gold, as it is considered the most liquid and sought-after asset. Opening an account in silver, platinum or palladium is the prerogative of professional investors. The markets of these metals are highly volatile and both provide good prospects for earnings,and involve high risks. When metal accounts of Sberbank are issued, the rate of sale of an asset by a financial institution is the price paid by the client. After the end of the deposit, the client receives funds at the rate of buying metal in the bank. The difference between the cost of buying and selling an asset is called the spread. Quotes are determined by the bank itself, but taking into account the actual cost of the metal on the international market and the situation within the state.

Account specifics

An impersonal metal account with Sberbank is very specific, since it does not provide for direct contact of its owner with metal. The client simply brings funds. And the equivalent in metals is credited to the account. To see, and even more so to hold your asset in your hands, will not work without additional costs. Assets are essentially virtual. At will, the account can be replenished or partially cashed out. Even the possibility of its temporary closure is allowed, if the situation on the market indicates an impending sharp drop in the metal. It is worth noting that, despite the excellent opportunities in managing your assets, the bank charges an additional commission for any manipulations.

Are there any ways to cash out the account in gold?

Metal accounts can be cashed out and replenished not only in the form of a monetary asset. It is quite possible to cash out and replenish the account with ordinary ingots. Here we note that this opportunity is available only in 500 branches of Sberbank out of 8500 operating throughout the country. If the decision is made to removeaccounts are not money, but the metal itself, it is worth notifying the bank in advance about this. As a rule, in this situation, certain financial costs are imposed on the client. You will have to pay for the issue of ingots and their transportation to the bank branch. Moreover, you will have to pay VAT, which is not charged when handling virtual metals. According to the law, gold that has not left a financial institution is not taxed. If you look at the situation objectively, then mutual settlements with the bank on depersonalized metal accounts are much more profitable without direct manipulation of ingots.

You need to know

Each client of a financial institution such as Sberbank can open depersonalized metal accounts (the exchange rate within which is constantly changing) in any amount. There is no upper limit.

Persons who actively use online banking are provided with universal, more favorable partnership conditions. Please note that transactions on the account can only be carried out in the branch in which it was issued earlier. It is impossible to transfer from one CHI to another.

Disadvantages of CHI, or How to make the right decision

Metal accounts differ significantly from standard deposit programs, which, although they guarantee a stable increase in the deposit, are not protected from inflation. As for gold or any other precious metal, it isassets that belong to the category of exhaustible natural resources, therefore, their value will increase in the future. When making a decision, it is important to pay attention to the fact that this category of deposit does not fall under the protection of the deposit insurance agency, and if something happens to the bank, the damage will not be reimbursed. It is also very important to select the time for opening the MLA, since the profitability of the asset will depend on how profitable the metal was purchased. If you draw up a schedule on a rollback in an institution such as Sberbank, metal accounts, the exchange rate (gold, silver, platinum, palladium) at that time will be the most profitable, and this will allow you to make great money. The average annual return on this category of investment programs is at least 20%.

Nuances worthy of attention

CMI is more suitable for those who are well versed in the international currency market and the metals market. Today, when the situation in the economy is unstable, it is better to refrain from this type of investment. Opening an anonymous account is easy, but the ability to withdraw profits from it is considered professional manipulation. You need to take into account the fact that the purchase of precious metal in a bank will always be carried out at a speculative rate, which will differ significantly from the exchange rate, which in itself promises certain extra expenses.