• Non-Relevant (Limited)
  • Balance
  • Maximum balance: SGD 250
  • Total top up: SGD 500 (monthly)
  • Non-Relevant (Limited)
  • Transactions
  • To Users: Not allowed
  • To Merchants: SGD 250 (monthly)
  • Collecting physical gold: SGD 250 (monthly)
  • Purchasing jewellery: SGD 250 (monthly)
  • IDENTIFIED
  • Relevant
  • Balance
  • Maximum balance: Unlimited
  • Total top up: Unlimited
  • IDENTIFIED
  • Relevant
  • Transactions
  • To Users: SGD 50,000 (daily)
  • To Merchants: SGD 50,000 (daily)
  • Collecting physical gold: SGD 18,000 (daily)
  • Purchasing jewellery: SGD 18,000 (daily)

Service Fees Schedule For Corporate And Individual Clients

GENERAL PROVISIONS

  1. This Fee Schedule defines the scope of services provided by Copernicus Gold Singapore Pte. Ltd ("Copernicus Gold") and constitutes an integral part of the User Agreement.
  2. The Fee Schedule may be amended or supplemented by Copernicus Gold unilaterally. The notices of any changes in the service fees are provided by publishing them on Copernicus Gold website at www.copernicusgold.com and/or in the form of electronic newsletters on Copernicus Gold System 10 business days prior to their effective date.
  3. The deposits into accounts are allowed in the same currency as the currency of the Copernicus Gold bank account funds are being transferred to by the client.
  4. The fees are charged in the currency of the debited account.
  5. Copernicus Gold service fees become due according to the Fee Schedule and User Agreement, and shall be charged by Copernicus Gold by debiting the client's account.
  6. The costs of transactions not specified in the Fee Schedule are charged according to an additional agreement with Client.

 

THE SCOPE OF SERVICES AND SERVICE FEES

No

Service type

Service fee

Payment terms/period

 
↧ Gold
  • Buy / Sell
  • Transfers to another Copernicus Gold customers
  • Storage fee

  • No fees
  • No fees


  • No fees

-

 
↧ Adding funds
  • By credit / debit / prepaid card
  • Via bank transfer (within Singapore)
  • Via bank transfer(outside Singapore)

  • No fees

  • No fees

  • No fees

-

 
↧ Withdrawal
  • Via bank transfer (within Singapore)
  • Via bank transfer(outside Singapore)

  • No fees

  • No fees

-

 

Returns of funds in case of balance limit exceeding or mistaken payments

Shall be charged according to the partner's fee, but not exceeding the amount of such transaction.

The reversal fee for the funds which could not be credited to the client's SVF-account due to exceeding the balance limit, and were returned to Copernicus Gold bank account.

The transaction amount is calculated as:

The amount received from the client excluding the difference between the set limit value and the aggregate balance of all the client's SVF-accounts converted into S$ at the system’s current exchange rate.

The fee is charged on the amount calculated according to the formula herein.

If the amount calculated according to the formula herein is or less than the charged fee, the amount will be credited to the client's SVF-account after the client will pass through the identification process.

 
↧ Currency conversion
  • Standard currency conversion
  • Currency conversion of the small amount of money




  • No fees

  • 0.01 SGD/USD/EUR

-


The commission is charged, if, as a result of mathematical rounding, the income of Copernicus Gold for the transaction becomes 0.

 

Money transfers to another Copernicus Gold customers within the Copernicus Gold system

No fees

-

 
↧ Business Account
  • Receiving payment from the personal accounts
  • Receiving payment from the personal accounts (VIP Business Account)

  • 0.35%


  • 0%

  • per transaction, based on the transaction amount


  • For the 6 months starting from the directors’ resolution date

 

THE PARTNER’S FEES (additional to Copernicus Gold Fees)

 
↧ Adding funds
  • via credit / debit / prepaid card
  • via WeChat Pay, Alipay, China UnionPay, Baidu Wallet

  • max 3.4% + S$ 0.50
  • 3.3%
 
↧ Withdrawal via bank transfer (within Singapore)

Withdrawal currency

  • SGD
  • USD

  • EUR

via bank transfer (outside Singapore, except for Europe)

Withdrawal currency

  • SGD

  • USD

  • EUR

via bank transfer (to Europe)

Withdrawal currency

  • EUR
  • USD



  • S$ 0.2
  • 0.125% commission (min $10, max $50)+ $15 (Processing Fee)
  • 0.125% commission, min €5, 
    max €25 + €10 (Processing Fee)



  • 0.125% commission (min S$20, max S$100)+ S$20 (Processing Fee)
  • 0.125% commission (min $10, max $50)+ $15 (Processing Fee)
  • 0.125% commission, min €5, 
    max €25 + €10 (Processing Fee)


  • €0.15
  • $0.20



USER ACCOUNT LIMITATIONS

Functionality

Non-Relevant SVF

Relevant SVF

 

Maximum amount («load limit»)

SGD 250

without limitation

 

Maximum amount per reload

SGD 500
per calendar month

without limitation

 

Receiving funds from other users in the CG system

Not exceeding the set Maximum amount («load limit»)

without limitation

 

Withdrawal (Personal Account and Business Account)

 
via bank transfer within Singapore

-

without limitation

 
via bank transfer outside Singapore

-

without limitation

 

Payments from the Personal Account (P2B and P2P payments)

    1.  

Personal Account to Business Account

SGD 250
per calendar month

without limitation

 

Including Personal Account to Business Account owned by Copernicus Gold Partner  for the purpose of paying for gold bars and jewelry

SGD 250
per calendar month

18,000 SGD/day

 

Personal Account to Personal Account

-

without limitation

 

Payments from the Business Account (B2B and B2P payments)

 

Business Account to Business Account

-

without limitation

 

Including Business Account to Business Account owned by Copernicus Gold Partner  for the purpose of paying for gold bars and jewelry

-

18,000 SGD/day

 

Business Account to Personal Account

-

without limitation

 

USER ACCOUNT LIMITATIONS

THAT CAN BE CHANGED AFTER THE MONITORING PROCEDURE OF THE CLIENT’S OPERATIONS

 

 

Payments from the Personal Account (P2B and P2P payments)

50,000 SGD/day

 

Payments from the Business Account (B2B and B2P payments)

50,000 SGD/day

 

PRINCIPLES OF CHARGING FOR SERVICES

 

  1. Copernicus Gold can omit to show in Copernicus Gold System amounts of service fees (commissions) imposed by partners for the execution of transactions on the behalf and in the name of the client. These fees do not belong to incomes of Copernicus Gold.
  2. Copernicus Gold obtains an income from the execution of following types of transactions:
    1. Buying of e-gold by the clients from Copernicus Gold.
    2. Selling of e-gold by the clients to Copernicus Gold.
    3. Conversion operations within the system.
  3. Types of fees for transactions specified in item 2, Section PRINCIPLES OF CHARGING FOR SERVICES hereof are as follows:

 

Description

Rate

Fee collection moment

Spread for transactions in respect of buying of currencies by clients from Copernicus Gold, except for transactions with e-gold

+ 0,1%

Transaction performance moment

Spread for transactions in respect of selling of currencies by clients, except for transactions with e-gold

- 0,1%

Transaction performance moment

Spread for transactions in respect of buying of e-gold by clients from Copernicus Gold

+ 0,75%

Transaction performance moment

Spread for transactions in respect of selling of e-gold by clients

- 0,75%

Transaction performance moment

 

  1. Fee calculation procedure:
    1. Following types of rates are considered by calculations:
      1. Exchange rate – buy/sell rate reported by the broker.
      2. Transaction rate in Copernicus Gold System – formed as (exchange rate)*(Х+1), where Х is a spread.
    2. Incomes from currencies (including e-gold) buying/selling transactions in the System are formed automatically as a difference between the exchange buy/sell rate and transaction rate in Copernicus Gold System.
    3. Since the exchange rate changes every second, the exchange rate at the moment of creation of an order for the transaction by a client can differ from the exchange rate at the moment of transaction. The transaction rate is formed 1 time in every 45 seconds on the basis of the actual exchange rate.
    4. If the exchange rate at the moment of transaction differs from the exchange rate at the moment of creation of an order for the transaction by a client, the System will send to a client a warning of the exchange rate change and re-calculates transaction amounts according to the actual rate.

The conversion rate of the System is formed on the basis of the exchange rate with an accuracy of the 8th decimal place. In case of conversion transactions with small amounts, the income from the transaction can make 0 as a result of rounding of the amounts to the minimum value stipulated for a certain currency (for example, the 5th decimal place for e-gold and the second decimal place for other digital currencies). To earn the income from such transactions, a fee is collected in the amount of 0.01 unit of the related currency.