How to Buy Gold Bars from TD Bank

Gold bars are a popular investment option due to their ability to hedge against inflation, provide portfolio diversification, and offer a tangible asset. If you are considering buying gold bars, TD Bank is a reputable and trustworthy option to consider. TD Bank offers several advantages, including their reputation and trustworthiness, convenience, and accessibility. They also provide quality assurance, ensuring that the gold bars you purchase meet the necessary standards. Before buying gold bars from TD Bank, there are a few things to consider. It’s important to research and educate yourself about the gold market, determine your budget, and understand the different types of gold bars available. The process of buying gold bars from TD Bank involves contacting the bank, inquiring about availability and pricing, completing the required documentation, arranging for payment and delivery, and securely storing and insuring your gold bars. When buying gold bars, it’s essential to verify the purity and weight of the bars, compare prices and shop around, consider additional fees and taxes, and seek professional advice if needed. With these insights into buying gold bars from TD Bank, you can make informed decisions and successfully invest in this precious metal.

Why Invest in Gold Bars?

Investing in gold bars has long been considered a strategic move by many investors. But why should you consider adding gold bars to your portfolio? In this section, we’ll uncover the compelling reasons behind this investment choice. From hedging against inflation to diversifying your portfolio, and the allure of tangible assets, we’ll explore the key benefits that make investing in gold bars a wise decision. So, let’s dive into the world of gold and discover its enduring appeal as a solid investment option.

1. Hedging Against Inflation

Hedging against inflation is a key reason to consider investing in gold bars. Gold has historically been seen as a reliable store of value during times of inflation, as its price tends to rise when the value of currency decreases. This is because gold is not directly influenced by economic factors like stocks and bonds, making it a tangible asset that can act as a hedge against inflation.

During periods of inflation, the purchasing power of traditional currency is eroded, which can negatively impact investments. Gold has shown to retain its value and even appreciate in value during inflationary times, making it an attractive option for investors looking to protect their wealth.

It is important to understand that while gold can act as a hedge against inflation, it is not a guaranteed protection. The price of gold can still fluctuate based on various other factors, such as market demand and geopolitical events. Therefore, it is crucial to do thorough research and be aware of the potential risks involved with investing in gold bars.

If you are considering hedging against inflation through investing in gold bars, it is advisable to consult with a financial advisor who specializes in precious metals. They can provide expert advice based on your specific financial goals and circumstances.

Investing in gold bars can be a complex process, but with the right knowledge and guidance, it can be a valuable addition to your investment portfolio. By considering the potential benefits of hedging against inflation with gold bars, you can make informed decisions to protect and diversify your wealth.

2. Portfolio Diversification

Portfolio diversification is an important aspect of investing, and including gold bars in your investment portfolio allows you to achieve this. By diversifying your portfolio with gold bars, you can mitigate risk and potentially increase returns. Below are some key points to consider:

• Enhanced Stability: Incorporating gold bars into your portfolio is beneficial because gold has historically shown a negative correlation with other investment assets, such as stocks and bonds. During market downturns, gold can help offset losses in other areas.
• Long-Term Growth: Gold is a valuable long-term investment, with its value appreciating over time. Diversifying your portfolio with gold bars allows you to benefit from potential price increases in the future.
• Hedge Against Inflation: Gold is widely regarded as a hedge against inflation. While the value of currency tends to decrease with rising inflation, the value of gold typically remains stable. Including gold bars in your portfolio helps protect your wealth during times of inflation.
• Diversification Benefits: Adding gold bars to your investment portfolio brings diversification benefits by balancing risk and potentially enhancing overall performance. A diversified portfolio is less affected by the volatility of any single asset class.

Pro-tip: It is essential to allocate an appropriate percentage of your portfolio to gold bars based on your risk tolerance and investment goals. To make informed decisions, consulting with a financial advisor can provide valuable insights.

3. Tangible Asset

A tangible asset refers to a physical asset that has value and can be touched or felt. When it comes to investing in gold bars, one of the key advantages is their status as a tangible asset. This means that you physically own a piece of valuable metal that you can hold in your hands.

The tangibility of gold bars brings several benefits. It provides a sense of security, as you have a physical object of value that cannot disappear with a click of a button. Gold has been a store of value for centuries, and its tangible nature adds to its appeal as a reliable investment.

Owning gold bars allows for direct ownership and control. Unlike other forms of gold investments such as ETFs or certificates, where ownership is indirect, having physical bars gives you full control over your investment. You can store it securely at a location of your choice or even display it if you prefer.

The tangibility of gold bars offers flexibility. You can easily sell or trade your gold bars when you need to. This physical property gives you the option to convert your investment into cash or other assets quickly and easily.

The tangibility of gold bars provides a sense of prestige and aesthetic appeal. Many investors appreciate the beauty and craftsmanship of gold bars, and they can be a source of pride to showcase in your collection or to pass down to future generations.

The tangibility of gold bars enhances their value as a reliable investment option. Whether for security, control, flexibility, or aesthetics, owning physical gold bars offers various advantages that make them a desirable choice for investors.

Why Choose TD Bank for Buying Gold Bars?

Looking to buy gold bars? Wondering why TD Bank is the best choice? Let’s delve into the reasons why TD Bank stands out in the gold market. From their rock-solid reputation and trustworthiness to the convenience and accessibility they offer, TD Bank makes buying gold bars a breeze. We’ll also explore their commitment to quality assurance. Plus, we’ll help you determine your budget and understand the different types of gold bars available. Get ready to make an informed investment with TD Bank by your side!

1. Reputation and Trustworthiness

When it comes to purchasing gold bars, reputation and trustworthiness are key considerations. Opting for a dependable institution like TD Bank guarantees the security of your investment and an association with a reputable organization renowned in the financial industry.

Established Track Record: TD Bank boasts a robust track record in the banking sector, earning the trust of customers worldwide.

Industry Recognition: TD Bank consistently receives accolades for its integrity and ethical practices, solidifying its reputation as a trusted institution.

Customer Reviews and Feedback: It is crucial to look for positive customer reviews and feedback regarding TD Bank’s gold bar purchasing services. Satisfied customers vouch for the bank’s reputation and trustworthiness.

Transparency: TD Bank provides comprehensive and transparent information about the gold bars they offer, including purity, weight, and pricing. This transparency fosters trust and empowers customers to make informed decisions.

Certifications and Accreditations: TD Bank may possess certifications or accreditations that demonstrate compliance with industry standards and regulations. These certifications further enhance their reputation and trustworthiness.

Secure Storage: TD Bank offers secure storage solutions for your gold bars, ensuring the physical safety of your investment.

Pro-tip: Before making any investment, always conduct thorough research and consider seeking advice from a financial professional. This will enable you to make an informed decision aligning with your financial goals.

2. Convenience and Accessibility

When it comes to buying gold bars, convenience and accessibility are crucial factors to consider. TD Bank offers a range of services that cater to these needs:

1. Online Services: TD Bank provides a convenient online platform for purchasing gold bars. From the comfort of your own home, you can easily browse their selection, check availability, and make your purchases.
2. Multiple Locations: TD Bank boasts a widespread network of branches, ensuring easy accessibility for customers in various areas. If you prefer a personal touch, you can visit a nearby branch to inquire about gold bar availability and make your purchase in person.
3. Flexible Hours: In comparison to other financial institutions, TD Bank has extended operating hours. This means you can conveniently visit a branch and complete your gold bar purchase at a time that suits you, even outside regular banking hours.
4. Expert Staff: TD Bank employs knowledgeable staff who are well-equipped to guide you through the process of buying gold bars. They can address any questions you may have and provide assistance with understanding the required documentation, payment options, and delivery arrangements.
5. Secure Storage Options: TD Bank offers secure solutions for storing your gold bars. They can help you make arrangements for the safekeeping of your investment, giving you peace of mind knowing that your assets are protected.

By choosing TD Bank for your gold bar purchase, you can benefit from their convenient online services, extensive branch network, flexible hours, expert staff, and secure storage options. This ensures a seamless and accessible experience throughout your gold investment journey.

3. Quality Assurance

The quality assurance provided by TD Bank ensures that customers can trust the authenticity and purity of the gold bars they purchase. The bank follows strict procedures to guarantee the quality of their gold bars.

1. Verification	The gold bars sold by TD Bank undergo rigorous verification processes to ensure their authenticity. Each bar is carefully inspected and tested to confirm its purity and weight.
2. Assay Certification	TD Bank provides assay certifications for their gold bars, which serve as official documentation of the quality and purity of the bars. This certification provides customers with peace of mind, knowing that their investment is genuine.
3. Compliance with Industry Standards	TD Bank ensures quality assurance by adhering to industry standards and regulations for the sale of gold bars. They work with reputable suppliers and strictly follow guidelines to ensure that the gold bars meet the required quality standards.
4. Return Policy	In the rare case that a customer discovers any issues with the quality of the gold bars they purchased from TD Bank, the bank offers a comprehensive return policy. This policy allows customers to return the bars for a refund or exchange.

When considering the purchase of gold bars from TD Bank, it is essential to prioritize and evaluate the quality assurance measures they have in place. This guarantees that you are making a sound investment and protecting your financial assets.

Research and Educate Yourself

When buying gold bars from TD Bank, it is crucial to thoroughly research and educate yourself about the process and the gold market in order to make an informed decision. Here are some steps to naturally incorporate the keywords and help you in your research:

1. Learn about gold: Take the time to educate yourself about the basics of gold, such as its characteristics, purity levels, and weight measurements. This will enable you to understand the value and quality of the gold bars you are considering.
2. Conduct thorough research on the gold market: Stay updated on the current market trends and prices of gold. This research and knowledge will assist you in making an informed decision about the best time to buy.
3. Explore TD Bank’s offerings: Visit TD Bank’s website or contact a representative to gain knowledge about the types of gold bars they offer, their prices, and any additional fees or requirements. This research will ensure that you have the required information to make an educated decision.
4. Compare with other sources: It is essential to compare prices, quality, and customer reviews from other reputable dealers or banks that offer gold bars. This extensive research and comparison will help you to determine the best deal available.
5. Consider storage options: Assess whether you want to personally store the gold bars or utilize TD Bank’s storage services. Engage in research to understand the associated costs and security measures for each option. This will allow you to make an informed decision and select the most suitable storage option.

Keep in mind that the value of gold can fluctuate, so it’s important to continuously research and educate yourself to make a well-informed decision. By dedicating time to research and educating yourself, you can have confidence in your purchase of gold bars from TD Bank.

2. Determine Your Budget

When it comes to determining your budget for buying gold bars from TD Bank, there are a few factors to consider:

• Evaluate your financial situation: Take a close look at your current financial standing and determine how much you can comfortably allocate towards investing in gold bars. Consider your income, expenses, and any other financial commitments you may have.
• Evaluate your investment goals: Think about why you want to invest in gold bars and how it aligns with your financial objectives. Are you looking for long-term wealth preservation or short-term profit? Understanding your goals can help you determine the amount you’re willing to invest.
• Research the current gold market: Stay informed about the current market prices and trends for gold. This will give you an idea of the price range for gold bars and help you decide how much you want to spend.
• Consider the weight and purity: Gold bars come in different sizes and weights, which will impact their price. Determine the weight of gold bars that you’re interested in and calculate the corresponding cost based on the current market price.
• Set a realistic budget: Based on your financial situation, investment goals, and the current market conditions, determine your budget for buying gold bars. This will ensure that you make a sound investment decision without stretching yourself too thin financially.

By considering these factors, you can determine your budget for purchasing gold bars from TD Bank and make an informed investment decision.

3. Understand the Different Types of Gold Bars

When considering buying gold bars, it’s crucial to understand the different types available in order to make an informed decision. Here are the key types of gold bars to be aware of:

• 1. Standard gold bars: These are the most common type of gold bars available. They typically have a purity level ranging from 99.5% to 99.99%. Standard gold bars come in various weights, such as 1 ounce, 10 ounces, and 1 kilogram.
• 2. Cast gold bars: Cast gold bars are made by pouring molten gold into molds. They have a rough, textured appearance. These bars are often larger in size and weight compared to standard gold bars, making them suitable for investors looking to acquire a larger amount of gold.
• 3. Minted gold bars: Minted gold bars are produced with a more refined and polished finish compared to cast bars. They are typically smaller in size and weight, making them more convenient for individual investors. Minted bars usually come with an assay certificate, which provides information on the bar’s purity and weight.
• 4. Kilobars: Kilobars refer to gold bars that weigh 1 kilogram (32.15 troy ounces). They are popular in international markets and are used for trading purposes.

Understanding the different types of gold bars is crucial as it allows you to choose the one that best suits your investment goals and preferences. Whether you prefer the convenience of smaller minted gold bars or seek larger quantities of gold with cast bars, TD Bank offers a range of options to cater to your needs.

The Process of Buying Gold Bars from TD Bank

Looking to invest in gold bars? Discover the seamless process of acquiring these precious assets from TD Bank. From initial contact to secure storage, each step is meticulously outlined for your convenience. Learn how to easily connect with TD Bank, inquire about availability and pricing, complete necessary documentation, arrange payment and delivery, and ultimately safeguard your gold bars with proper storage and insurance. Take the plunge into the world of gold investment with the trusted guidance of TD Bank.

1. Contact TD Bank

When considering buying gold bars, one important step is to contact TD Bank. You can reach out to TD Bank through their customer service hotline or visit a local branch to speak with a representative.

1. Inform them of your interest in purchasing gold bars and request information on the available options.
2. Ask TD Bank about their current inventory, including the different weights and purity levels of gold bars they offer.
3. Make sure to inquire about the pricing of the gold bars, including any additional fees or taxes that may apply.
4. Obtain information on the documentation required to complete the purchase. This may involve providing identification and filling out necessary forms.

Once you have gathered all the required information, you can proceed with the purchase process.

Remember, it is important to carefully research and compare the prices, weights, and purity levels of gold bars from different sources before making your decision. Seeking professional advice, if needed, can also be beneficial in ensuring a well-informed purchase.

By contacting TD Bank, you can get the necessary details to proceed with buying gold bars and begin your investment journey.

2. Inquire about Availability and Pricing

When considering buying gold bars from TD Bank, it is important to inquire about the availability and pricing.

This will help you make an informed decision and ensure that you are getting the best value for your investment.

Inquiring about availability is crucial as it will determine whether TD Bank currently has gold bars in stock.

The availability of gold bars can be influenced by factors such as market demand and TD Bank’s inventory.

It is recommended to contact TD Bank directly to inquire about the availability of gold bars before making any further decisions.

Pricing is another important factor to consider.

Gold prices can fluctuate daily based on market conditions.

Therefore, it is essential to inquire about the pricing of gold bars at the time of your purchase.

TD Bank can provide you with current pricing information, allowing you to evaluate the cost and determine if it aligns with your budget and investment goals.

By inquiring about availability and pricing, you can make an informed decision about purchasing gold bars from TD Bank.

This ensures that you have accurate and up-to-date information about the availability of gold bars and the associated pricing, allowing you to proceed with confidence in your investment.

It is important to note that the availability of gold bars and their pricing may vary depending on the market, so it is always recommended to stay informed and consult with TD Bank for the most accurate and current information.

3. Complete the Required Documentation

In order to purchase gold bars from TD Bank, it is necessary to complete the required documentation. This involves a series of steps:

1. Firstly, get in touch with TD Bank and express your interest in buying gold bars.
2. Next, inquire about the availability and pricing of the specific gold bars you intend to purchase.
3. Subsequently, provide TD Bank with the necessary documentation as per their requirements. This may include identification documents, proof of address, and financial information.
4. Make sure that all the required documentation is accurately completed.
5. Arrange for the payment and delivery of the gold bars. TD Bank will provide you with instructions and options for payment, such as wire transfer or certified check.
6. After the payment is finalized, TD Bank will ensure the secure delivery of the purchased gold bars to your preferred location.

When completing the necessary documentation, it is essential to:

1. Thoroughly review all the details and information provided to avoid any mistakes.
2. Ensure that you meet all the document requirements specified by TD Bank.
3. Familiarize yourself with the terms and conditions associated with the purchase and delivery of the gold bars.
4. Maintain a copy of all the documentation submitted for your personal records.

By following these steps and fulfilling the documentation requirements, you can ensure a smooth and secure process when buying gold bars from TD Bank.

4. Arrange for Payment and Delivery

When purchasing gold bars from TD Bank, the process of arranging payment and delivery can be completed by following these steps:

1. Contact TD Bank either in person, through their website, or over the phone to initiate the procedure.
2. Inquire about the availability of the desired gold bars and request information regarding pricing.
3. Once the availability and pricing have been confirmed, fulfill the necessary documentation. This may include providing personal information and agreeing to TD Bank’s terms and conditions.
4. Upon completion of the required documentation, proceed to organize the payment. TD Bank will provide the essential details for payment, such as bank account numbers or accepted payment methods.
5. Once TD Bank receives and verifies your payment, they will make arrangements for delivering your gold bars. The delivery method will depend on your location and the options presented by TD Bank.

It is essential to note that although TD Bank takes precautions to ensure the secure delivery of your gold bars, it is advisable to arrange insurance coverage to safeguard your investment during transportation. Additionally, it is recommended to securely store your gold bars after they have been delivered to you.

5. Securely Store and Insure your Gold Bars

Once you have purchased your gold bars from TD Bank, it is crucial to securely store and insure them to protect your investment. Here are some important steps to follow:

1. Choose a secure storage option: Consider storing your gold bars in a safe deposit box at a bank or a private vault facility. These options provide high-level security and protection against theft or damage.
2. Install security measures: If you decide to store your gold bars at home, make sure to invest in a high-quality safe or security system. This will help safeguard your gold bars from potential theft or unauthorized access.
3. Insure your gold bars: Obtain insurance coverage specifically for your gold bars to protect yourself financially in case of loss, theft, or damage. Contact your insurance provider to discuss the options available for insuring your precious metal investment.
4. Maintain privacy: Avoid discussing your gold bars or displaying them publicly to minimize the risk of attracting unwanted attention. Your investment should be kept discreetly and any related documentation should be stored securely as well.

By following these steps, you can securely store and insure your gold bars, ensuring protection and giving you peace of mind regarding your investment.

Tips for Buying Gold Bars

Looking to add some gold bars to your investment portfolio? Look no further! In this section, we’ll unveil practical tips to ensure a smooth gold bar buying process. From verifying purity and weight to comparing prices and considering additional fees, we’ve got you covered. Plus, we’ll touch on seeking professional advice if needed. Get ready to make informed decisions and unlock the benefits of owning those shining bars of gold!

1. Verify the Purity and Weight

When purchasing gold bars from TD Bank, it is crucial to verify both the purity and weight of the bars to ensure their authenticity and worth.

1. Inspect the markings: Take a close look at the gold bar for any markings that indicate its purity and weight, such as the refinery’s stamp or TD Bank’s logo.
2. Check the assay certificate: TD Bank provides customers with an assay certificate that confirms the purity and weight of the gold bar. Carefully examine this document to ensure it matches the markings on the bar.
3. Utilize a precise scale: If you have access to a precise scale, weigh the gold bar to ensure it matches the specified weight. Any significant deviation may indicate a potential issue.
4. Seek professional assistance: If you are unsure about the authenticity of the gold bar or require further verification, consider seeking help from a professional appraiser or a reputable gold dealer.

To illustrate the significance of verifying the purity and weight of gold bars, let us consider the cautionary tale of John. John purchased a gold bar from an online seller without confirming its authenticity. When he eventually tried to sell the bar, he discovered that it was a counterfeit with no value. Had John taken the time to verify the purity and weight of the bar, he could have avoided this expensive mistake.

2. Compare Prices and Shop Around

• When buying gold bars, it is important to compare prices among different sellers. This ensures that you are getting a fair price for the gold bars you want to purchase. You can check the current market price of gold and compare it with the prices offered by TD Bank and other dealers to make an informed decision.
• Before making a decision, it is essential to shop around and explore different options. Visit various banks, dealers, and online platforms to see their offerings and compare them. Look for reputable sellers with good customer reviews and consider the availability and variety of gold bars they offer.
• While comparing prices, be mindful of any additional costs involved. Some sellers may charge extra fees, such as shipping or insurance charges, which can impact the overall cost. Take these factors into account when comparing prices to get a clearer picture of the total expenses.
• Keep an eye out for any promotions or discounts offered by TD Bank or other sellers. They may have special deals or limited-time offers that can help you save money on your gold bar purchase.
• Transparency is crucial when comparing prices and making informed decisions. Ensure that the pricing information provided by TD Bank or other sellers is transparent and easily accessible. Look for sellers who provide detailed information on their pricing methods and any associated costs.

3. Consider Additional Fees and Taxes

When considering buying gold bars from TD Bank, it is crucial to carefully consider any additional fees and taxes that may be associated with your purchase. Here are some factors to keep in mind:

1. Consider transaction fees: TD Bank may charge a transaction fee when buying gold bars. This fee typically represents a percentage of the total purchase amount and can vary depending on the transaction size. It is essential to inquire about these fees before making your purchase.
2. Take delivery fees into account: If you choose to have your gold bars delivered to your location, there may be extra fees for shipping and handling. These fees depend on the weight and size of the shipment, as well as the delivery location.
3. Be aware of taxes: When purchasing gold bars, it is vital to be informed about any applicable taxes. Tax regulations for precious metals can vary based on your jurisdiction. You may encounter sales tax or capital gains tax on your purchase. It is advisable to consult with a tax professional to comprehend the tax implications of your gold bar purchase.
4. Factor in storage fees: If you decide to store your gold bars in a secure facility provided by TD Bank or another service, there may be associated storage fees. These fees depend on the size and value of your gold bars, as well as the storage duration.

By considering these additional fees and taxes, you can make a more informed decision when buying gold bars from TD Bank. It is crucial to include these costs in your budget and align them with your investment goals.

4. Seek Professional Advice if Required

If you are considering buying gold bars from TD Bank, it is important to seek professional advice if required. Here are some steps to follow:

1. Research and educate yourself: Before making any investment, it is essential to gather information about the gold market, the factors influencing gold prices, and the potential risks and rewards of investing in gold bars.
2. Determine your budget: Decide on the amount of money you are willing to invest in gold bars. This will help you choose the right size and quantity of gold bars that fit your financial situation.
3. Understand the different types of gold bars: Familiarize yourself with the various types of gold bars available, such as cast gold bars, minted gold bars, and ingots. Each type has its own characteristics and advantages.

Once you have completed these initial steps, you can proceed with the process of buying gold bars from TD Bank:

1. Contact TD Bank: Reach out to a representative from TD Bank to inquire about their gold bar purchasing process and any specific requirements or guidelines they may have. If required, seek professional advice.
2. Inquire about availability and pricing: Ask about the availability of the gold bars you are interested in and request information regarding their current prices. This will help you make informed decisions based on market conditions.
3. Complete the required documentation: Provide any necessary identification and fill out the required forms and documents to comply with TD Bank’s purchasing procedures.
4. Arrange for payment and delivery: Discuss the payment options available and coordinate the delivery or pick-up of the gold bars. Ensure that you follow all the necessary security measures to protect your investment.
5. Securely store and insure your gold bars: Once you have acquired the gold bars, find a secure storage solution and consider obtaining insurance coverage to protect your investment against potential risks.

Remember, if you have any questions or concerns throughout the process, it is advisable to seek professional advice from financial experts or gold investment specialists. They can provide you with valuable insights and guidance to make informed decisions.

Frequently Asked Questions

1. How can I buy gold bars from TD Bank?

To buy gold bars from TD Bank, you can visit their website or go to a TD branch in person. On the TD Precious Metals website, you can browse through their selection of gold bars and place an order online. Alternatively, you can visit a TD Branch and make the purchase in person.

2. What are the pricing options for buying gold bars from TD Bank?

The pricing for buying gold bars from TD Bank is based on the current market rates of gold. TD sets their prices competitively, and you can view the quotes in either Canadian or US dollars. The prices are influenced by the market prices of gold, silver, and platinum.

3. Can I order gold bars online and have them delivered to my home?

Yes, you have the option to order gold bars online from TD Bank and have them delivered to your home. TD offers secure home delivery for the purchased physical precious metals products. However, there are daily maximum total purchase limits for online orders.

4. Can I order gold bars online and pick them up at a TD branch?

Yes, you can order gold bars online from TD Bank and pick them up at a TD branch. If your online order exceeds the daily maximum total purchase limit, you can visit a TD branch to place the order and collect your gold bars once the purchase is processed.

5. Are there any limitations on purchasing gold bars from TD Bank?

Yes, there are a few limitations on purchasing gold bars from TD Bank. There is a limited quantity of products available, and fees are applicable for purchasing the products. Additionally, there are daily maximum total purchase limits for online orders.

6. Can TD Canada Trust customers sell their gold bars at any TD Branch?

Yes, TD Canada Trust customers can sell their gold bars at any TD Branch. The pricing for selling is based on live market rates for gold. To sell your gold bars, you would need to visit a TD Branch, get a quote from a banking specialist, and finalize the transaction.