Yes. You can withdraw the gold either as 99.99% pure gold bars or by exchanging the gold for euros and transferring them to your bank account.
The prices and withdrawable bar sizes can be checked on Voima's pricing page. The withdrawal can be requested through your Voima Account.
How to proceed:
1) Log into your Voima Account.
2) Go to your gold account and choose 'Withdraw gold'.
After this, you can decide how much you wish to withdraw and when you would like to pick it up. If you reside in Finland and you would like to have the bars shipped to you, you can contact Voima's Customer care. If you want to pick up the bars personally, this is done at Voima’s office at Bulevardi 5, Helsinki, Finland. Please remember to take an ID document with you, since all entrants into our premises are obliged to undergo a security check.
Voima Account is an account into which you transfer money from your bank account. After the money has been transferred, you can manage it in several ways, such as exchanging it for gold.
We have compiled illustrated instructions on how to manage your assets on Voima Account.
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Voima Account can hold both euros and gold but you can also deposit, withdraw and exchange other currencies. This can be arranged by contacting our Customer care, who will give you the relevant instructions. The supported currencies are the euro (EUR), US dollar (USD), British pound (GBP), Swiss franc (CHF), Swedish krona (SEK), Norwegian krone (NOK) and Danish krone (DKK).
Voima holds customer asset accounts at OP Bank in all the above-mentioned currencies. Inbound foreign currency transfers can be converted into euros or exchanged for gold, and you can request your withdrawals in any of the mentioned currencies. Voima converts foreign currencies into euros and vice versa at prevailing interbank foreign exchange rates and does this free of charge. Please remember that the relevant exchange fees apply when you exchange any currency for gold or the other way around.
Open on new pageYes. To do this, you should send a request to Voima's Customer care.
Open on new pagePlease read these instructions for direct guidance.
Open on new pageLiquidity describes how easily you can convert something into money.
Read full answerNo. In Voima's business, the gold is counted in milligrams (1/1000), which means that you can save in gold with smaller amounts. Thus, you can acquire such amounts that suit you specifically.
Open on new pageNo. Voima does not give investment advice to anyone, and hence no personal recommendations can be offered.
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The Good Delivery specification is a set of rules issued by the London Bullion Market Association (LBMA) describing the fine ounce weight, purity and the physical appearance of gold and silver bars. If a refinery has been accredited by the LBMA, it must produce bars according to the Good Delivery specifications.
Voima's Customers can withdraw Good Delivery gold bars: these bars weigh approximately 12.4 kg, and the withdrawal price can be checked from Voima's pricing page.
Open on new pageIt means that you are the legal owner of the gold you have acquired through Voima's service and that the gold is not on Voima's balance sheet.
Read full answerEverybody. The account can be opened for individuals, businesses and institutions alike. You can even open an account for your children!
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