Wire transfer - which info to give?

Thread: Wire transfer - which info to give?

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  1. #1
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    Wire transfer - which info to give?

    Sorry if this question has been asked a million times before. I'm quite new to the watch transaction game.

    Anyway, I'm about to sell one of my watches and the agreed payment method is bank transfer. Which info should I give to the buyer? Will IBAN and BIC be sufficient?

    Many thanks in advance!
    tempus fugit.

  2. #2
    Member ari.seoul's Avatar
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    Re: Wire transfer - which info to give?

    Hi Kal El,

    best place to check is with your bank - I'm sure they have the information posted on their website,

    for my bank (Royal Bank, Canada), for me to receive wire transfer, typically I need to provide the following information,
    - My complete name and address
    - My transit number
    - account number
    - bank name
    - bank branch address and telephone number
    - SWIFT BIC

    if the sender's bank is from a different country there may be a couple more requirement

  3. #3
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    Re: Wire transfer - which info to give?

    I have the information saved so I can copy and past the same to all my buyers.
    Name of Bank
    Our company name
    our account number
    ABA or Swift code
    Branch address and phone number
    Our address and phone number
    My first and past name

    The above suffices all banks.
    One thing I started doing is asking the buyer to PayPal only the shipping charges to our PayPal account.
    This is a non refundable deposit. The reason being that there are individuals who will obtain all your information
    and do not complete the deal. This way I know if they are serious and it also let's them see that we have over 15 years
    on PayPal and many transactions.

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  5. #4
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    Re: Wire transfer - which info to give?

    sorry for a couple of typos.

  6. #5
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    Re: Wire transfer - which info to give?

    Thanks for the input. I've asked around some friends as well. It looks like IBAN, BIC (or Swift code), and personal info such as name & address should be sufficient.
    tempus fugit.

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