What should I know before establishing a personal depository account with Delaware Depository?
If you elect to establish a personal depository account with Delaware Depository after taking an in-kind distribution from your STRATA account, please keep in mind:
- Establishing a personal depository account may take up to five business days
- Once established, the account may receive precious metals distributed from your STRATA account
- Precious metals distributed from your STRATA account into a personal storage account are reportable distributions, and IRS Form 1099-R will be issued by STRATA
- Personal depository accounts are maintained and billed directly by Delaware Depository and are separate from your custody arrangement with STRATA.
If you would like to establish a personal account with the Delaware Depository or have general questions, please visit their website at Delaware Depository Resources. You may also contact them directly at ddsops@delawaredepository.com or 302.765.3889.