How to pay for your Depository Online order
We only accept deposits by bank transfer to the accounts listed in your Depository Online account under the ‘Cash deposit’ menu. We do not accept cash, credit card, payment via third parties (BPAY) or cheques.
When transferring funds you must:
- transfer to us from your linked bank account
- include your Depository Online account ID.
Be sure to request your bank charges you directly for any transfer fees. If they are deducted from your deposit amount, we will only credit to your account the net amount we receive.
Questions about currency and payments
Find answers to questions about currencies and currency conversion and how to transfer funds below.
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What currencies can I trade in?
When setting up your Depository Online account, you chose to trade in either US dollars or Australian dollars.
You must transfer funds in the currency your Depository Online account is denominated in. Payments transferred in the incorrect currency or bank account may lead to extra foreign currency conversion charges.
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Can I switch between US or Australian dollars?
No. Once you have selected a currency for your Depository Online account, it is fixed. To trade in another currency, you will need to open another Depository Online account in that currency.
Foreign currency conversions are not allowed to be made between your Depository Online accounts.
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What happens if I don’t include my account ID or send from a different bank account?
If the origin of the funds can’t be established, we will transfer the money back to the bank account from which it came, in accordance with the anti-money laundering laws. This can take up to six weeks.
We may charge you for any costs incurred to return your money and we won’t compensate you for any increases in metal prices because of this delay.
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Currency conversion
The Perth Mint converts foreign currency to AUD or USD for depository clients and has dedicated currency bank accounts to receive specific currencies.
Ensure the correct currency is sent to the correct currency bank account. Funds sent to the wrong bank account risk being rejected and delays during the return may be experienced. Additional fees may also apply.
All non-AUD and non-USD deposits must be converted to either AUD or USD. Please advise which currency on either the bank transfer or in a separate email, into which currency (AUD or USD) you wish to have your funds converted.
We are unable to advise the conversion rate before the currency is converted into AUD or USD. A competitive rate at the time of conversion will be applied.
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Where to transfer funds
Minimum foreign currency amounts for conversion to AUD or USD:
Currency
Minimum amount
AUD
5,000
USD
3,000
EUR
3,000
GBP
3,000
NZD
5,000
CAD
5,000
JPY
400,000
CNH
25,000
