How to Buy/Sell Precious Metals

In Mexico

In Branch

Precious metals can be ordered through specialized Scotiabank branches in Mexico. Precious metals products can be used as a collector's item, as a gift or simply for the pleasure of owning them.

Instructions for how to buy or sell precious metals:

1. Locate your nearest Scotiabank specialized branch in Mexico. Product can be ordered only through any specialized branches (please note, delivery times to branches can vary depending on location).
   
   
2. Buying Precious Metals
   
   

   Required Documentation

   Clients who wish to purchase precious metals at the specialized branches must show the following documentation:

   Amounts up to USD 500 or equivalent in local currency. Scotiabank Clients

   Official ID ( only IFE or passport) Scotiabank account  number

   Non-Scotiabank Clients

   Official ID ( only IFE or passport)

   Amounts USD 3,000 or equivalent in local currency. Scotiabank Clients Only* Individuals

   Proof of address Official ID ( only IFE or passport)

   Companies

   Letterhead with company name duly signed by legal representative Official ID (only IFE or passport) from person conducting the transaction

   The safety and security of customers and Bank employees is of paramount importance and will be taken into consideration prior to completing the transaction. We reserve the right to refuse or impose conditions on transactions we consider to entail undue risk.

   * See “How to Become a Scotiabank Client”

   Additional Requirements Scotiabank clients and Non-Scotiabank clients who wish to acquire precious metals at one of the specialized branches must provide Scotiabank with at least 24 hours of advance notice.
3. Payments and Delivery:
   
   

   A) Payment can be made by cash (up to USD 3,000 or equivalent in local currency) with delivery same day to the branch. Clients must provide the following required documentation:

   Individual

   Proof of Full name Nationality Date of birth Proof of address Official ID ( only IFE or passport) Ocupation Information

   Companies

   Company name proof Mexican Tax ID and FEA Nationality Proof of address Company’s Core Business Documentation for the person conducting the transaction on behalf of the Company (Refer to "Individual" requirements above)

   B) Credit card Payment (cash disposal charge of 9%) with same day delivery to the branch.

   C) ScotiaCard, with same day delivery to the branch.

   D) Funds transfer subject to the following:

   Funds transfer of USD 1,000 to 2,999 or equivalent in local currency:

   Individual

   Proof of Full name Nationality Date of birth Proof of address Official ID ( only IFE or passport) Occupation Information

   Companies

   Company name proof Mexican Tax ID and FEA Nationality Proof of address Documentation for the person conducting the transaction on behalf of the Company (Refer to "Individual" requirements above)

   Funds transfer of USD 3,000 to 4,999 or equivalent in local currency:

   Individual

   Proof of Full name Nationality Date of birth Proof of address Official ID ( only IFE or passport) Ocupation Information

   Companies

   Company name proof Mexican Tax ID and FEA Nationality Proof of address Company’s Core Business Documentation for the person conducting the transaction on behalf of the Company (Refer to "Individual" requirements above)

   Funds transfer of USD 5,000 and over or equivalent in local currency:

   Individual

   Current official provisions will apply

   Companies

   Current official provisions will apply

   Same day delivery to the branch with Scotiabank check issued by the buyer 24 hours delivery to the branch with check or transfer from another Mexican bank issued by the buyer

   
   
4. Selling Precious Metals
   
   

   Required Documentation

   Clients who wish to sell precious metals at the specialized branches must show the following documentation:

   Amounts up to USD 500 or equivalent in local currency:

   Scotiabank Clients

   Official ID ( only IFE or passport) Scotiabank account  number (Only clients)

   Non-Scotiabank Clients

   Official ID ( only IFE or passport)

   Amounts up to USD 3,000 or equivalent in local currency:

   Scotiabank Clients Only

   Individuals

   Proof of address Official ID ( only IFE or passport)

   Companies

   Letterhead with company name duly signed by legal representative Official ID (only IFE or passport) from person conducting the transaction

   The safety and security of customers and Bank employees is of paramount importance and will be taken into consideration prior to completing the transaction. We reserve the right to refuse or impose conditions on transactions we consider to entail undue risk.

   Additional Requirements Scotiiabank clients and non-Scotiabank clients who wish to sell precious metals at one of the specialized branches must provide Scotiabank with at least 24 hours advanced notice.

   
   
5. How to become a Scotiabank customer?
   
   

   If you would like to open a Scotiabank account , please visit any of our branches in Mexico, and take the following documents with you:

   Individuals

   Proof of address Official ID ( only IFE or passport)

   Companies

   Letterhead with company name duly signed by legal representative Official ID (only IFE or passport) from person conducting the transaction

For more information, please contact your local Scotiabank branch.