Skip to main content

Cookies on BBB.org

We use cookies to give users the best content and online experience. By clicking “Accept All Cookies”, you agree to allow us to use all cookies. Visit our Privacy Policy to learn more.

Cookie Preferences

Many websites use cookies or similar tools to store information on your browser or device. We use cookies on BBB websites to remember your preferences, improve website performance and enhance user experience, and to recommend content we believe will be most relevant to you. Most cookies collect anonymous information such as how users arrive at and use the website. Some cookies are necessary to allow the website to function properly, but you may choose to not allow other types of cookies below.

Necessary Cookies

What are necessary cookies?
These cookies are necessary for the site to function and cannot be switched off in our systems. They are usually only set in response to actions made by you that amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not work. These cookies do not store any personally identifiable information.

Necessary cookies must always be enabled.

Functional Cookies

What are functional cookies?
These cookies enable the site to provide enhanced functionality and personalization. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies, some or all of these services may not function properly.

Performance Cookies

What are performance cookies?
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.

Marketing Cookies

What are marketing cookies?
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant content on other sites. They do not store personal information directly, but are based on uniquely identifying your browser or device. If you do not allow these cookies, you will experience less targeted advertising.

Find a Location

Monex Deposit Company has locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

    Country
    Please enter a valid location.

    ComplaintsforMonex Deposit Company

    Precious Metal Dealers
    View Business profile
    View Business profile

    Need to file a complaint?

    BBB is here to help. We'll guide you through the process.

    File a Complaint

    Complaint Details

    Note that complaint text that is displayed might not represent all complaints filed with BBB. See details.

    Filter by

    Showing all complaints

    Filter by

    Complaint Status
    Complaint Type
    • Complaint Type:
      Delivery Issues
      Status:
      Resolved
      Monex has not delivered paid for coins and refusing to give me refund, ,or send me coins. Wire transfer sent May 9th for over $12,700. Shipment lost by **** Monex put claim but will not tell me when this will be resolved. Shipment was insured by Monex. This is causing me personal collateral financial hardship at this time . Either I want the coins I ordered or I want my money returned asap. I did not agree to waiting over a month for delivery and certainly not entering a second month.

      Business response

      06/08/2023

      Please note two complaints have been received. The duplicated complaints are referenced below:


      Company: Monex Deposit Company
      Consumer: Coultet, *****

      This e-mail is to notify you that you currently have a new message with BBB in regards to complaint #********.



      Company: Monex Deposit Company
      Consumer: **************************

      This e-mail is to notify you that you currently have a new message with BBB in regards to complaint #********.



      Please delete complaint #******** as it is a duplicate. Monex will submit a reply for complaint #******** with spelling of the customer name that matches our in house records.  

       

      Thank you, 

       

      *****************************

      Monex 

      *****************************

      Business response

      06/08/2023

      Monex contacted *** and a case was opened regarding the lost shipment. Unfortunately, *** was unable to provide Monex with further information or resolution until their investigation was complete. The *** investigation is now completed and the customer has been notified a new shipment will be sent

       

      Thank you,

      Monex. 

      Customer response

      06/09/2023

       

      I want the case to stay open until I receive the coins. I was told one again I would get them 6/9/23 and again the shipment was delayed. The email from *** said when they receive the coins from MONEX they would issue a new estimated arrival.

      Customer response

      08/30/2023

      ID#: ******** I would like to change my review to say that MONEX did a good job with serving my coin purchase and it was an issue with *** not responding in a timely manner when *** lost the shipment. MONEX followed their normal protocols and were always polite, especially the sales representative NAV.
    • Complaint Type:
      Product Issues
      Status:
      Resolved
      I bought **** ounces of Silver from them June 23,2022. They processed my order out of ******* and sent me a *** tracking, actually 2 tracking numbers. Couple days later *** sends me. An e-mail stating one *** was ripped open a nothing in it and that the other box was damaged and that they would Redbox and send it. It arrived here a week later missing one 100 oz. Bar. Monex rep ** said we should file a claim and so my wife called *** and *** told she couldnt open another claim that it would be covered under original claim. This is getting lengthy, the point is we received the one 100 oz. Bar a week or so later but we are still out 500 oz. Of silver and When I call or email ** he says that *** hasnt paid so Im just going to have to wait. I feel that I have waited way more than I should have, I bought silver from monex not ***. NCAN YOU PLEASE HELP US!

      Business response

      08/24/2022

      Monex has received and appreciates the comments Mr. *********** provided regarding his recent shipping experience with *** and the *** claim delaying the arrival of his shipment.  We strive to give all customers the Monex standard of excellence, **************** Monex account representative has verified his receipt of the full purchase. 

      Customer response

      08/24/2022


      Better Business Bureau:

      We finally received the 2nd shipment, i don't know if your inquiry to monex made this happen or if *** finally compensated them. We were never notified of the outcome but received an email that it was on its way.None the less we have the product we purchased it took 60 days which i think was less than prompt service so we will not be doing business with them again, nor would i recommend them.

      thank you,
      ***************

       


    Some consumers may elect to not publish the details of their complaints, some complaints may not meet BBB's standards for publication, or BBB may display a portion of complaints when a high volume is received for a particular business.

    BBB Business Profiles may not be reproduced for sales or promotional purposes.

    BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.

    When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

    BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.

    As a matter of policy, BBB does not endorse any product, service or business.