Yes. For all GBI Direct accounts, you can now use a credit card to pay your storage fees. To set this up or manage your payment method, simply log in to your account and visit:
What happens if I don’t add a credit card?
If no credit card is on file, the system will automatically deduct storage fees from any available cash balance in your account.
To review or add funds to your account, log in and go to the "Fund" tab.
IRA Accounts
Can I pay my IRA storage fees using non-IRA funds?
Yes. You have the option to pay IRA storage fees using non-IRA funds.
Why use non-IRA funds?
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Preserve Your IRA Balance: Avoid depleting your retirement savings for administrative fees.
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Tax Efficiency: Paying with personal (non-IRA) funds avoids triggering any taxable distributions from your IRA.
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Flexibility: If your IRA has limited liquidity, using external funds ensures your storage remains uninterrupted.
How are storage fees typically paid for IRA accounts?
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Cash Balance: If there is cash in your IRA account, we will automatically use it to cover your storage fees.
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Non-IRA Payment (Check): You may also mail a check to cover the storage fees using non-IRA funds. These payments are reflected in the "Financial Balances" section of your account.
If you need help setting up your payment preferences or have questions about funding methods, please contact our support team Support@GBIDirectcom