Buying Gold & Silver With Bank Wires

bank-wire

Bank wires provide customers with a simple, fast, and secure payment method for their gold and silver purchases. Bank wire payments clear the moment we receive them, and are typically faster than other payment methods, such as sending a check in the mail. Bank wires are ideal for customers that are making larger investments in precious metals and whose purchase total falls between $2,500 and $150,000.

Currently, JM Bullion only accepts bank wires that are sent from an actual bank. ACH and eCheck do not constitute as bank wires and we will not be able to process your order with these forms of payment.

Payment Process

The process of bank wiring an order involves 3 simple steps: confirming your purchase, locking in your price and sending the bank wire.

Confirming Your Purchase

After you’ve finished selecting items for your shopping cart, you must choose the payment option marked “Bank Wire.” Following this step, you must verify that your price total exceeds the $2,500 minimum, but not the $150,000 maximum. You will then be taken to the checkout portion of your transaction, where you will be prompted to provide some basic information for identification purposes. Such information will include your name, phone number, email, shipping and billing addresses, and password. Once you’ve entered all the necessary information, your next step will involve locking in your price.

Locking in Your Price

At this point of the process, you will be required to fill in your credit/debit card information, which will enable us to “lock in” or secure your price. With the constant fluctuation of gold and silver prices, our merchandise prices must vary according to those changes. Fortunately, locking in the price of a particular item keeps it from changing after you have decided to purchase it. Prices that have been locked in will remain constant despite any alteration of market values.

Please note that your credit card information merely serves as a form of payment “collateral” until we receive your bank wire. Your card will not be charged, provided that the wire arrives in a timely manner. Should we fail to receive your payment within the allotted time frame, your card will be charged a cancellation fee along with any market losses that occurred as the result of your failed purchase.

Sending the Bank Wire

When you finish placing your order, you will receive an email containing instructions for wiring your payment. Most of these actions will have to be carried out by your bank. You will have two days to complete this wire transfer. Bank wire payments that are not received within two business days of order placement will be canceled and subject to the cancellation and market loss fees mentioned above. As a reminder, we request that your order number be written in the notes area of the wire form to prevent any unnecessary delays.

Clearance & Shipping

Clearance for bank wires occurs the moment we receive your payment. Since we process bank wire payments on multiple occasions throughout the day, you can expect a confirmation email on the day of its arrival. Bank wire payments must be received within two business days of order placement. All orders that are not paid within this time frame will be canceled and cancellation fees/market losses will be billed without exception.

Once processed, your order is immediately sent to the shipping queue for transport preparation and packaging. You will receive an email notification when your item has shipped. This email will include all the information necessary for tracking your package with your JM Bullion account.

Discount

One of the primary advantages of using a bank wire to pay for gold or silver products is the absence of associated fees. Unlike buying gold and silver with a credit/debit card, bank wires are not subject to any of these additional costs. As a result, we are able to pass these savings to our customers by offering a 4% discount on any purchases made with wire transfers.

Please note that some banks do charge a fee for sending a bank wire, unlike when paying by check. Such fees may be a flat rate, or they may be tied to the amount of money being sent. Be sure to discuss this with your bank to understand any potential fees before placing your order.

Buying Copper & Platinum With Bank Wires

At JM Bullion, customers also have the option of using bank wires to pay for their copper and platinum orders. The procedure for purchasing these precious metal items with a bank wire is exactly the same as the procedure for gold or silver. Copper and platinum purchases made with a bank wire are subject to the same restrictions and consequences should there be any failure to meet any of the prescribed terms.

Buying Gold & Silver With Bank Wires at JM Bullion

JM Bullion is pleased to offer bank wiring as a form of payment for its customers. Bank wires provide customers with a smooth and secure transaction experience and we encourage you to take advantage of this payment method for your purchase. Bank wires provide the opportunity to pay for your larger gold and silver purchases in full without having to concern yourself with potential interest fees or drawn out payment plans.

Because of its wide selection of precious metal products and its exceptional customer service, JM Bullion has gained recognition as one of the most respected companies in its industry. We offer free shipping on all orders along with complimentary shipping insurance to cover any incidents of theft, loss or damage during shipping and handling. For more information regarding our payment or shipping details, please give us a call at 800-276-6508. You can also reach our supportive staff through live chat or online form submissions.

All Market Updates are provided as a third party analysis and do not necessarily reflect the explicit views of JM Bullion Inc. and should not be construed as financial advice.