Opening your XAU Currency
(Gold Account)

Simply open your Opening your XAU Currency (Gold Account) by visiting your nearest Emirates NBD Branch

investmentadvisory
investmentadvisory

Investing in your XAU Currency
(Gold Account)

  • Decide on the number of troy ounces of gold you’d like to invest in
  • Based on the prevailing gold rate, transfer the funds into your XAU account

Easy access to funds. Benefits to relish.

Our Gold Investment Account is designed to provide you with utmost convenience and flexibility. With highly secure systems that protect your data and finances, you won’t have to worry about anything when you bank with us.

What are people asking?

The XAU Currency (Gold Account) is like any other foreign currency account, designated with the currency code XAU (Gold) and denominated in Troy ounces.

An existing Emirates NBD customer can simply open an account by visiting any of the Emirates NBD Branches. (Online Banking to be launched shortly)

Existing Emirates NBD customers can simply visit any of our bank branches and open a XAU Currency (Gold Account). There are no other requirements. (Online Banking to be launched shortly)

This is an account available only for existing customers having a Current / Savings account ENBD-KSA. Hence there is no additional documentation required for opening this account.

The minimum amount required to start the Account is SAR 500 and any amount above that. You can decide how many troy ounces of gold you would like to invest in. Then, according to the prevailing gold rate, simply transfer the requisite funds from your SAR or USD account into your XAU Currency (Gold Account).

By opening the XAU account online you can enjoy the flexibility to purchase/ sell the XAU (Gold) Currency units electronically without the hassles or risks of storing and moving physical gold.

You can purchase or sell XAU Currency (Gold) units either by transferring funds from or to your, SAR or USD accounts only.

No, this is not a profit-bearing account. The account activity can be viewed online through Online Banking. There is no statement available for this account. Except upon customer request.

As all transactions on your Gold Account are electronic, cheque books and ATM cards are not issued for this account.

Yes, this is an account that can be accessed and operated through Online Banking.

No, you can purchase Gold only by transferring from your SAR or USD account into your XAU account. (Gold Account)

There is no applicable fee or charge for operating a XAU Currency (Gold Account), other than the exchange rate.

The XAU Currency (Gold Account) is like any other foreign currency account, designated with the currency code XAU (Gold) and denominated in Troy ounces.

An existing Emirates NBD customer can simply open an account by visiting any of the Emirates NBD Branches. (Online Banking to be launched shortly)

Existing Emirates NBD customers can simply visit any of our bank branches and open a XAU Currency (Gold Account). There are no other requirements. (Online Banking to be launched shortly)

This is an account available only for existing customers having a Current / Savings account ENBD-KSA. Hence there is no additional documentation required for opening this account.

The minimum amount required to start the Account is SAR 500 and any amount above that. You can decide how many troy ounces of gold you would like to invest in. Then, according to the prevailing gold rate, simply transfer the requisite funds from your SAR or USD account into your XAU Currency (Gold Account).

By opening the XAU account online you can enjoy the flexibility to purchase/ sell the XAU (Gold) Currency units electronically without the hassles or risks of storing and moving physical gold.

You can purchase or sell XAU Currency (Gold) units either by transferring funds from or to your, SAR or USD accounts only.

No, this is not a profit-bearing account. The account activity can be viewed online through Online Banking. There is no statement available for this account. Except upon customer request.

As all transactions on your Gold Account are electronic, cheque books and ATM cards are not issued for this account.

Yes, this is an account that can be accessed and operated through Online Banking.

No, you can purchase Gold only by transferring from your SAR or USD account into your XAU account. (Gold Account)

There is no applicable fee or charge for operating a XAU Currency (Gold Account), other than the exchange rate.

Purchase units of XAU Currency (Gold) simply by transferring from your SAR or USD account into your XAU Currency (Gold Account).

The Gold units may only be sold back to the Bank or remitted to other XAU accounts with other banks offering this service. Physical delivery of the Gold against bank account holdings is not allowed.

As all transactions on your Gold Account are electronic, you can check the Gold rates to buy or sell against USD or SAR prior initiating the transfer.

Profit rate is not applicable to the XAU Currency (Gold Account).

No. This can be only be held singly.

The account holder can visit any of Emirates NBD branches with the original KSA ID and request for account closure.

Customers can sell Gold units available in the XAU Currency (Gold Account) by transferring them to their Saudi Riyal or US Dollar accounts held with Emirates NBD.

There is no charge for cancellation or closure of the XAU Currency (Gold Account).

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