
The Gold ATM Card is a global payment solution that's gaining popularity worldwide. It's a prepaid card that allows users to make purchases, pay bills, and even withdraw cash from ATMs.
One of the key features of the Gold ATM Card is its cash limit, which is set at $10,000 per transaction. This limit can be adjusted according to the user's needs.
The card is accepted at over 2 million ATMs and 40 million merchants worldwide, making it a convenient option for travelers and individuals who need to make international transactions.
To use the Gold ATM Card, users simply need to load funds onto the card, which can be done via online banking or a mobile app.
Features and Benefits
The Gold ATM Card offers a range of benefits, including the ability to withdraw cash from over 1.5 million ATMs worldwide.
One of the standout features of the Gold ATM Card is its high withdrawal limit, which allows you to access large amounts of cash when needed.
You can also use the card to make purchases online and in-store, with no foreign transaction fees.
How Debit Cards Work
A gold-backed debit card works just like a normal debit card, but with a few extra steps. The process is similar, but it takes a few more steps to set up your precious metals storage account.
You'll need to set up your account and buy gold and silver, with some banks and companies requiring a minimum deposit of US$100 to US$500. This can be a barrier for some investors, but it's a necessary step to get started.
Most banks that offer gold-backed debit cards require you to purchase your precious metals in-house due to the logistics involved in transporting silver or gold bullion. This can be a hassle, but it's a necessary step to ensure the security of your investment.
Once you've made your deposit, the bank will set aside your purchase in a secured vault, often located in Switzerland. This adds an extra layer of security to your investment.
You'll be issued a debit card linked to your precious metals storage account, which you can use as a regular debit card. This makes it easy to access your gold and silver when you need it.
Globally Accepted
With our card, you can enjoy the flexibility and convenience of using it at more than 30 million merchants worldwide. This means you can shop, dine, and travel with ease, knowing you have access to a vast network of accepting merchants.
Our card is accepted globally, making it a great choice for international travelers or those who like to shop online from around the world.
Cash Limit (Daily)
Let's talk about the cash limit at ATMs. The minimum cash limit at domestic ATMs is Rs.100, which is the lowest you can withdraw in one transaction.
If you're traveling internationally, the cash limit at ATMs varies depending on the ATM you use. However, the maximum cash limit at international ATMs is Rs.50,000, which is the most you can withdraw in one transaction.
Here's a quick rundown of the cash limits at ATMs:
Glint
Glint is a UK-based company that makes buying gold easier for new investors. It offers a user-friendly app that allows users to make purchases and fund their gold debit card with a nominal 0.5% fee on all gold purchases and fiat currency exchanges.
There's no minimum investment required to open an account, making it an ideal option for investors looking to dabble before fully committing. This flexibility is perfect for those who want to try out investing in gold without a significant upfront cost.
Glint accepts Sterling, US Dollars, and Euros, giving investors a range of currencies to choose from. Additionally, wallets can also be used for peer-to-peer redemption, providing an extra layer of convenience.
Eligibility and Fees
To be eligible for a gold ATM card, you must have a Gold segment account and be at least 18 years old.
The fees for using a gold ATM card can vary depending on the service, but some common charges include annual maintenance and issuance charges, as well as fees for card replacement, re-issuing PINs, and international cash withdrawals.
Here's a breakdown of some of the fees associated with gold ATM cards:
Eligibility Criteria
To be eligible for certain services, you'll need to meet some specific requirements. You must have a Gold segment account, which is a must. The minimum age to qualify is 18 years old.

To join the Gold segment, you'll need to meet certain criteria. You'll need to have an average balance of SAR 100,000 for 3 months, or make an instant deposit of SAR 500,000 to less than 1,000,000 as a new customer. You'll also need to have a salary of SAR 25,000 to less than 40,000 for 3 months.
Here's a summary of the eligibility criteria in a table:
These requirements apply only to the current account, so if you have a different type of account, you may not be eligible.
Annual Maintenance and Issuance Fees
Annual Maintenance and Issuance Fees are an important aspect of the program's overall cost. The fees are broken down into three categories: Card Replacement Charges, Annual Maintenance Charges, and Issuance Charges.
Card Replacement Charges are Rs.300 plus GST, which is a one-time fee for replacing a lost or damaged card. This fee is non-negotiable and applies to all cardholders.
The Annual Maintenance Charges are Rs.175 plus GST, which is an annual fee that covers the cost of maintaining your card. This fee is also non-negotiable and is charged every year.
Issuance Charges are Rs.100 plus GST, which is a one-time fee for issuing a new card. This fee is charged when you first apply for the card or when you need to replace an existing card.
Here's a summary of the fees:
SBI International Debit Card Fees
The SBI International Debit Card Fees are outlined in the card's terms and conditions. The fees and charges for the SBI Gold International Debit Card are detailed, including transaction limits and other costs.
One of the key fees to be aware of is the fees and charges of the SBI Gold International Debit Card, which are outlined in the article section. The complete charges and transaction limits of the SBI Gold card are listed, providing a clear understanding of what to expect.
The fees and charges for the SBI Gold International Debit Card are clearly stated in the article, including the complete charges and transaction limits of the card. This information is essential for anyone considering the card for international transactions.
To give you a better idea, the fees and charges of the SBI Gold International Debit Card are outlined in the article section, providing a detailed breakdown of the costs involved.
Vera Cash
VeraCash is a user-friendly option for managing gold and silver assets. It offers a streamlined app for account management and a Mastercard-linked debit card for purchases.
You can use VeraCash units equivalent to the Euro to express your balance, and it doesn't require a minimum balance. However, its purchase management fees can be steep, with a 3% commission on gold purchases, 7% on silver, and 10% on diamonds.
Transaction fees are relatively low, but there are plenty of miscellaneous fees to be aware of, including card re-issuing fees.
Popular Options
If you're looking for a gold-backed debit card, there are a few options to consider. Glint and VeraCash are two companies that offer gold and silver banking and debit card services.
Glint and VeraCash are popular options for those seeking to make their gold and silver assets more liquid. They allow users to set up a bank account, purchase gold and silver, and receive a debit card linked to their precious metal assets.
These services are available to non-US citizens, but US citizens and permanent residents may be excluded due to US banking laws.
Frequently Asked Questions
What is the Federal bank gold ATM card?
The Federal Bank Gold ATM card offers a high daily cash withdrawal limit of Rs.1,00,000 and a daily shopping limit of Rs.1,00,000, making it a convenient and secure way to manage your finances.
How much does gold ATM cost?
Gold ATM purchases start at just $20, making it accessible to a wider range of investors
Sources
- https://nomadcapitalist.com/finance/gold-backed-debit-card/
- https://www.axisbank.com/retail/cards/debit-cards/gold-debit-card/features-benefits
- https://www.saib.com.sa/en/mada-gold-debit-card
- https://www.bankbazaar.com/debit-card/sbi-gold-International-debit-card.html
- https://www.atmmarketplace.com/blogs/the-gold-revolution-comes-to-atms/
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