How to cash your Clickbank Check in the
Philippines
 |
| ClickBank Check |
When you
got your very first check from ClickBank Affiliate program, the next question
will be - so what will I do next? Below are the frequently questions that we
will answer shortly:
Note: The sample check is for demonstration purpose only. Details are being hidden to avoid violating any ClickBank's policy.
- How can I in cash my ClickBank dollar check here in the Philippines?
- Can I just deposit it to my ordinary peso savings account?
- Which bank in the Philippines accepts Clickbank dollar check?
- How will I open a dollar savings account in the Philippines to deposit my Clickbank dollar check?
How can I in cash my ClickBank dollar check
here in the Philippines?
You can’t
in cash your ClickBank dollar check directly or over the counter. The best and easy way to in cash your
check is to open a “Dollar Savings Account” there will be a 21 banking days
clearing period before your check is cleared after it has been deposited.
Can I just deposit it to my ordinary peso savings
account?
Yes you can
deposit your clickbank dollar check directly to your peso account like for
example in BPI. BUT take note there
will be a huge amount of clearing fee ranging from minimum of Php 1,300 and above.
In my own experience I got a dollar check worth $27.05 and they told me if I
don’t have a dollar account there will be a Php 1,300 fee. So it will not be worth
it if the amount of your check is not that much.
Which bank in the Philippines accepts Clickbank
dollar check?
Well this
is the great part. As long as you have a “Dollar Savings Account” any check
that is in dollar currency can be deposited to any bank that you have a dollar
savings account. But the most popular are BDO and BPI.
How will I open a dollar savings account in the
Philippines to deposit my Clickbank dollar check?
Okay now
that we established that the easiest way to deposit your dollar check from
clickbank affiliate program is opening a dollar savings
account, the next question will be how to open a dollar savings account in the
Philippines?
>>First choose the bank you want to open
your dollar account
– I recommend these two banks - BPI and
BDO.
>>Know the requirements:
BPI Requirements:
-1 pc
1x1 Picture
-2 valid
picture government ID’s
-Proof
of Billing
-Maintaning
Balance $500
BDO Requirements:
-2 valid
picture with signature government ID’s
-Proof
of billing
-Brgy.
Clearance
-Opening
$200
-Maintaining
Balance $500
-Landline
number
In BDO
or Banco de Oro you will not need a picture because they will personally take a
picture of you there. As you can see it is easy to open in BPI or Bank of
Philippine Islands. But I chose BDO.
Why? Because I was afraid to buy dollars to the black market, worried I might
end up with a fake dollar (This is my only personal reason) So I need a bank to
buy dollar or sell my pesos. I already have an account to BPI so I can buy
dollar there and deposit to OTHER
bank which is BDO.
You may
ask why? Why not just buy dollar to BPI and open a dollar savings account there?
The answer is IT IS NOT ALLOWED.
Every bank has this policy that you CANNOT buy dollar on the same bank and
deposit it in the same bank. But you can buy dollar to other bank and deposit
it to another different bank. Please don’t try to lie or deceive the bank,
trust me they can trace the dollar serial numbers.
Okay so
you picked a bank and you already have the requirements. The next steps will be
elementary. Just go the bank and open an account.
Tip: Do not say that you’re opening a dollar
savings account for your affiliate job or dollar check. Just say you just need
it for personal savings. Why? To avoid
further interview and additional requirements. You can also have either VISA or Mastercard together with your passbook just ask the personnel about it.
Then
once you got your account, you can deposit your dollar check the next banking days
or on the same day. But I deposited it the next day since I didn’t mentioned
about my dollar check (The choice is yours). Then now you’re done!
Please note: ClickBank dollar check will only valid for 90
days. So you must act fast.
Now
there you go, that’s how you will deposit or cash your ClickBank Affliate
dollar check here in the Philippines. Hope it will help you a lot.
