Save 4% on your purchase by choosing to pay securely via bank wire transfer.

Contact us at (716) 291-7292 for questions or assistance.

Wire Transfer FAQ
Everything You Need to Know About Bank Wire Transfers

What is a Wire Transfer?
A wire transfer is a secure, electronic way to send funds from one bank to another. Unlike other methods of transferring money, such as checks or online payment platforms, a wire transfer directly deposits money into a recipient’s bank account. For high-value purchases, like luxury watches, wire transfers are a preferred payment option due to their security, speed, and reliability.

How Does a Wire Transfer Work?
1. Initiate the Transfer: You’ll provide your bank with the recipient’s bank details, including account and routing numbers.
2. Bank Processing: Your bank sends the funds electronically to the recipient's bank.
3. Confirmation: Both banks verify and process the transfer, ensuring it reaches the correct account securely.
4. Completion: Most domestic wire transfers are completed within 24 hours, while international transfers may take a few days. Biel Watches keeps you informed throughout the entire process.

Why Use a Wire Transfer?
- Security: Wire transfers are direct and highly secure, making them one of the safest ways to send large amounts.
- Speed: Transfers typically complete within 1-2 business days.
- Reliability: Once initiated, wire transfers can’t be canceled, reducing the risk of fraud.

Is a Wire Transfer Right for Me?
If you’re looking to make a secure, high-value purchase, a wire transfer can be an excellent choice. Many luxury watch buyers prefer it for peace of mind and the assurance that their payment is direct and safe.

Are There Any Fees?
Most banks charge a small fee for both sending and receiving wire transfers. Fees may vary depending on your bank and whether the transfer is domestic or international. Be sure to check with your bank about specific costs. We have seen fees range from $25-65 in our experience.

How Do I Start a Wire Transfer?
Simply contact your bank or use your online banking platform to initiate the process. Have the recipient’s full bank details ready, including the account number, bank name, and routing number. If you're purchasing from us and choose this method, we’ll provide you with all necessary information within our Purchase Agreement Docusign.

Wire Transfer Processing Policy

For the security of our customers and to ensure transaction integrity, Biel Watches requires a 24-hour holding period for all bank wire transfers. This holding period allows us to verify the transaction and ensure that funds are fully cleared before releasing your purchase.

This policy helps prevent chargebacks or reversals, providing both our customers and our business with an added layer of protection. Once the holding period is complete, we will promptly notify you, and your purchase will be prepared for shipping or pick-up.

Frequently Asked Questions

Q: How long does a wire transfer take?
A: Domestic transfers typically complete within 24 hours. International transfers may take 2-5 business days, depending on the banks involved.

Q: What information do I need for a wire transfer?
A: For a wire transfer, you’ll need the recipient’s bank account number, routing number, bank name, and sometimes additional verification details. All this information within our Invoice.

Q: Can I do a wire transfer online?
A: Many banks offer wire transfer options online. However, for high-value transfers, some banks may require in-person verification for added security.

If you have more questions or need assistance with wire transfers, please reach out to us—we’re here to help guide you through the process!

 Contact Biel Watches at (716) 291-7292 or use our Contact Form for questions or assistance.