Silver Currency Account Top Features Easy Liquidity & Accessibility Convert silver to cash anytime Attractive Pricing Special rates for CBD customers Quick Account Setup Quick and easy Account opening Buy the precious metal today with the CBD Silver Currency Account*, within minutes and a few taps through the award-winning CBD Mobile Banking App. Features & Benefits Buy and sell silver digitallyNo processing fees or additional charges for buying and selling in silver currencyQuick and easy account opening process100% digital application only with your Emirates IDFree online and mobile banking facilitiesTransact online as per your conveniencePreferential exchange rates for CBD customersSafety and convenience of a trusted bank*Please note that a CBD Account is required to instantly open a CBD Silver Currency Account. If you do not have one, you can first open a Current Account instantly via the CBD App in minutes and then open a Silver Account instantly. Open a current account instantly Apply Now Ready to buy silver? Buy Now Who can apply?If you are UAE National or UAE resident and minimum 21 years of ageWhat do I need to apply?National ID or valid passport, residence visa and Emirates IDView Fees and Charges Key Facts Statement We kindly request you to carefully read and understand this document if you are applying for a Current account from Commercial Bank of Dubai Know more Affordable Banking Tips Our goal at CBD is to ensure that everyone has access to affordable banking solutions to help improve financial capability, promote savings, and build assets and wealth in the months and years to come. This section provides you with tips for your lowest cost and more affordable banking solutions at CBD. To ensure you are not charged a monthly service fee on your account, please ensure you maintain a minimum monthly average balance of AED 5,000. This is waived if you transfer your salary to CBD or if you have a loan/finance with the bank. FAQs What is silver account Silver Account is an account which allows customers to buy/ sell Silver What are the features of silver account? The features of silver account are as below:Easy and quick account opening in the form of Current Account through click of a button No need of holding physical silver Trade in ounces and with ease from anywhere Customer can BUY/SELL on digital channels as per applicable FX rates How can I open a silver account Silver account can be opened by CBD individual customers through CBD Mobile App. Which segment of CBD customers is this offer valid for? The offer is valid for conventional segment. Which type of customers can open silver account? Silver account can be opened by individual customers. What is the minimum balance requirement for the silver account? There is no minimum balance requirement for this account What is the minimum value of silver that can be purchased? A minimum silver value of AED 50 must be purchased Is there a cheque book and debit card facility provided for silver account? No What are the charges for trading in silver? There are no additional charges for buying and selling in silver currency Is there an option to convert to physical silver? CBD customers can only purchase and sell silver as currency similar to other foreign currency accounts, trading, physical delivery of the metal as silver is currently not available. What are the timings for buying and selling online? There are no cut off timings and this service is available 24x7 Will the traded value be in ounces or grams? The traded value will be in ounces. Apply now WARNING If the account balance is below the Minimum balance thresholds, then the corresponding breach of Minimum balance charges will apply. For complete product details and warnings, please refer to the Key Facts Statement document. SMS CAR to 4266 Call us Within UAE: 600 575 556 Outside UAE: +971 600 575 556 Visit us You are more than welcome to visit us. Find out your nearest branch. Select branch Jebal Ali BranchRas Al Khaimah BranchBaniyas BranchSheikh Zayed BranchAl Qusais BranchAjman Branch Al Ain Mall BranchMain BranchFujairah BranchSharjah BranchZayed The First, Abu Dhabi Branch Apply Now We are always available for you, whether you have a query, suggestion or want to talk to us about our products and services. Apply Now Contact us We are always available for you, whether you have a query, suggestion or want to talk to us about our products and services. Contact Us For your convenience and enhanced experience, the CBD Mobile App is available for download via your app store. You can start using the app by using your online banking user ID and password. Download the Mobile App Now Proceed to Online Banking
