Payment Options

SGD CASH

We only accept Singapore dollar notes (SGD) for cash payments at our Silver Bullion offices.

Please note that for cash payments over 20,000 SGD in a single day we have to file a Singapore CTR (Cash Transaction Reporting).


LOCAL CHECKS AND CASHIER'S ORDERS (USD OR SGD)

Cashier's orders and checks must be in either USD or SGD from a Singapore bank account because international check clearance can take months to clear, is unreliable and expensive.

Please make them payable to "Silver Bullion Pte Ltd", write the account number (003-922974-7 for SGD checks / 0003-016066-01-8 for USD checks) on the back of the check and either drop off at a DBS or POSB Cheque Deposit Machine, Bank Branch or at our Silver Bullion Offices.

Please note that checks must clear with the bank before bullion can be taken possession of whereas cashier’s orders allow for immediate delivery / possession.


INTERNATIONAL AND SINGAPORE BANK TRANSFERS - SINGAPORE DOLLARS (SGD)

International Wires (also called SWIFT) require payments of transfer charges at both the sending and receiving side. To ensure the correct amount is transferred ensure both sending and receiving SWIFT charges are paid for.

SGD transfers can be made using FAST, MEPS or TT to:
Bank Name:DBS Bank
Bank Address:12 Marina Boulevard, Marina Bay Financial Centre Tower 3
Singapore 018982
SWIFT Code:DBSSSGSGXXX (leave XXX out if only 8 letters are needed)
Branch code:003
SGD Account Number:003-922974-7 (omit 003 if it has already been keyed in)
Account Name:Silver Bullion Pte Ltd
Add Reference:Please specify the order number(s) as reference/comment

-For Local Singapore Transfers / MEPS-
Our account is 'DBS Current, BankCode 7171, Branch 'MBFC' (or 'Shenton Way' if 'MBFC' is not found).
Note: Sending USD to this SGD account will cause an automatic and expensive FX conversion by the bank.
Ensure that USD transfers are sent to our USD account instead.

INTERNATIONAL AND SINGAPORE BANK TRANSFERS - US DOLLARS (USD)

International Wires (also called SWIFT) require payments of transfer charges at both the sending and receiving side. To ensure the correct amount is transferred ensure both sending and receiving SWIFT charges are paid for.

USD transfers can be made using TT or MEPS to:
Bank Name:DBS Bank
Bank Address:12 Marina Boulevard, Marina Bay Financial Centre Tower 3
Singapore 018982
SWIFT Code:DBSSSGSGXXX (leave XXX out if only 8 letters are needed)
USD Account Number:0003-016066-01-8 (omit 0003 if it has already been keyed in)
Account Name:Silver Bullion Pte Ltd
Add Reference:Please specify the order number(s) as reference/comment

-For Local Singapore Transfers / MEPS-
Our account is 'DBS Current, BankCode 7171, Branch 'MBFC' (or 'Shenton Way' if 'MBFC' is not found).
-For USD International Wires / TT-
The US intermediary bank is 'The Bank of New York Mellon Wall Street, New York, NY 10286' SWIFT: IRVTUS3NXXX ABA: 021000018

U.S. DOMESTIC WIRE TRANSFER (USD ONLY)

If you are transferring funds from a U.S. based USD account this option allows you to pay your Silver Bullion order via a bank-to-bank domestic transfer in the United States providing a simple, reliable and less expensive way of initiating payments electronically.

Advantages:

  • International wire transfer is a tedious and time consuming process and has to be done during the bank’s business hours and sometimes even require your physical presence at the bank. A domestic interbank transfer can be easily made using your bank’s mobile/internet banking services.
  • International wire transfers are costly due to high banking fees. The domestic interbank transfer will cost a small fraction of an international SWIFT transfer.
  • The transfer is easier for bank staff to process and therefore more reliable.
USD wire transfers within the US can be made to:
Bank Name: The Bank of New York Mellon
SWIFT: IRVTUS3N
Address: 1 Wall Street, New York, NY 10286, USA
ABA Number: 021000018
Account Number: 8900690429
Account Name/Beneficiary: Western Union Business Solutions (USA), LLC
Beneficiary Address: 100 Summit Avenue, Montvale, New Jersey 07645
For Further Credit (FFC): Silver Bullion Pte. Ltd. (58098–SG)
Add Reference:Please specify the order number(s) as reference/comment

To avoid errors and/or delays in processing your transfer, please ensure to include “FFC: Silver Bullion Pte. Ltd. (58098–SG)” and our payment order number either on the “customer reference” or “transfer/payment details” of your transfer instruction.

See DOMESTIC TRANSFERS VIA FED WIRE / ACH for additional details and FAQ.


INTERNATIONAL AND SINGAPORE BANK TRANSFERS - EURO

International Wires (also called SWIFT) require payments of transfer charges at both the sending and receiving side. To ensure the correct amount is transferred ensure both sending and receiving SWIFT charges are paid for.

EUR transfers can be made using TT or MEPS to:
Bank Name:DBS Bank
Bank Address:12 Marina Boulevard, Marina Bay Financial Centre Tower 3
Singapore 018982
SWIFT Code:DBSSSGSGXXX (leave XXX out if only 8 letters are needed)
EUR Account Number:0003-030412-01-8 (omit 0003 if it has already been keyed in)
Account Name:Silver Bullion Pte Ltd
Add Reference:Please specify the order number(s) as reference/comment

EURO WIRE TRANSFER VIA WESTERN UNION (EURO ONLY – not available for P2P)

If you are transferring funds from a Euro Zone based Euro account this option allows you to pay your Silver Bullion order via a bank-to-bank transfer within the Euro Zone providing a simple, reliable and less expensive way of initiating payments electronically.

Advantages:

  • International wire transfer is a tedious and time consuming process and has to be done during the bank’s business hours and sometimes even require your physical presence at the bank. A euro zone interbank transfer can be easily made using your bank’s mobile/internet banking services.
  • International wire transfers are costly due to high banking fees. The domestic interbank transfer will cost a small fraction of an international SWIFT transfer.
  • The transfer is easier for bank staff to process and therefore more reliable.
EURO wire transfers within Euro Zone can be made to:
Bank Name: The Bank of New York Mellon
SWIFT: IRVTDEFX
Address: Friedrich-Ebert-Anlage 49, Messeturm Frankfurt 60327 Germany
Account Number/IBAN: DE55503303008161679710
Account Name/Beneficiary: Western Union Business Solutions (USA), LLC
Beneficiary Address: 100 Summit Avenue, Montvale, New Jersey 07645, USA
For Further Credit (FFC): Silver Bullion Pte. Ltd. (58098–SG)
Add Reference:Please specify the order number(s) as reference/comment

To avoid errors and/or delays in processing your transfer, please ensure to include “FFC: Silver Bullion Pte. Ltd. (58098–SG)” and our payment order number either on the “customer reference” or “transfer/payment details” of your transfer instruction.


BITCOIN TRANSFERS

You can now buy precious metals or extend storage with bitcoin, up to a limit of 30,000.00 SGD or equivalent per day.

  1. Submit the order denominated in USD, SGD or EUR. During checkout, you will see the bitcoin equivalent to pay.
  2. After submitting your order, send the bitcoins to the bitcoin address shown (in characters and QR code). You will also receive the same by e-mail. You have 15 minutes to send the bitcoins.
  3. Once we receive the bitcoins, we will e-mail an order balance update.

CREDIT/DEBIT CARD PAYMENTS

Payments using Visa and MasterCard issued credit/debit card are accepted for both SGD and USD orders and are processed through our payment partner – SmoovPay Pte Ltd. This payment option is limited to 20,000 SGD payments (or its USD equivalent) and involves a 3.0% credit card transaction fee.

Due to the high risk of fraud, credit/debit card orders exceeding 5,000 SGD (or its USD equivalent) may require additional manual review by our team. As an additional precaution for local orders (local pick-up), we may also require you to present the credit card used to pay for the order.

We reserve the right to refuse any credit/debit card orders deemed questionable or of significant risk to Silver Bullion.