Jul
23ClickBank direct deposit into POSB, OCBC, DBS, UOB Banks
Filed in: Make Money Online by admin on 07-23-09I was surprised from the logs that related entries of withdrawing money from ClickBank into Singapore local bank accounts was one of my popular articles. I’ve even gotten more emails regarding it too.
Alright here’s another one. It doesn’t take a rocket scientist to do so. There used to be a time when getting check was the norm for me, but if your affiliate offers direct deposit, take up that option.
Why? Because check will take one month plus to two months to cash it in, while direct deposit takes only under a week, maybe around 3-5 days! Yes a stark difference right.
About ClickBank offering for direct deposit
ClickBank offers International Direct Deposit (XACH) for direct deposit of your ClickBank account payments into certain international bank accounts, at no extra charge. XACH offers a fast and reliable method for direct deposit of your account payments in your local currency. Conversion to your home currency is done at the published market rate of our bank, Wells Fargo. Current daily rate quotes are available at Wells Fargo’s website at: https://www.foreignexchangeservices.com/cfx. Click on the “currency calculator” link.
What is the requirement for direct deposit?
An account must have first received three paper paychecks within any 12 week period before it is eligible to enroll in XACH. XACH deposits are available to bank accounts in the following countries:
As for me I’ve opted for a weekly withdrawal from ClickBank, and it’s like a money maker man! It keeps on coming and dispensing. How did I managed to get a steady stream of income? Well the answer is already on this blog, I’ve posted many info and guides on it, use the search tool aite.
Clickbank Direct Deposit
But for now, here’s are the details for a successful direct deposit.
Step 1 – What information does ClickBank requires?
Basically this is what ClickBank will ask of you under the “Dashboard > My Account > Payment Information Editor”.
Payment Threshold: $10 to $100,000.
Payment Method: Choose Direct Deposit.
Bank Country: As per yours.
Account Number: Your bank account number (Up to 11 digits numeric. Do not enter dashes or spaces).
International Routing Code: Exactly 7 digits numeric, in following order, a four digit local bank code and then a three digit branch code.
Account Type: Checking or Savings (Contact your bank if you’re unsure)
Payment Frequency: Weekly or Bi-Weekly (Get payment every 7 days or 14 days).
Step 2 – Gather and input your bank information
I am a POSB account user, and so far I’ve had no issues with any direct deposit with it. POSB is an umbrella bank of DBS, so the below bank details should be the same and used, for the above criteria.
Payment Threshold: I chose US$250
Payment Method: Direct Deposit.
Bank Country: Singapore.
Account Number: 123456789 (Up to 11 digits numeric. Do not enter dashes or spaces).
International Routing Code: 7171081 (7 digits numeric, four digit local bank code and three digit branch code).
Here is the document link to Singapore bank and branch codes: Singapore Bank and Branch Codes 0 downloads
Here are extra details of DBS/POSB bank codes for other direct deposit at another affiliate website which requires them perhaps
Bank Name: DBS Bank Ltd
Institution Code: 7171
Branch Sort Code: 081
Account Number: XXXXXXXXX
Routing Code: 7171081
SWIFT code: DBSSSGSG
Timeline: Payment cleared around 16th July, sent 22nd july by ClickBank and transferred into POSB/DBS by 23rd July
I do have a OCBC account, but so far I’ve not known anyone with such OCBC account that has a successful withdrawal of ClickBank money into their account. So I’ve not tried it. Any unsuccessful attempt of direct deposit will result in your payment method into check.
Returned Direct Deposits
Payments that are sent via direct deposit that are returned to us due to invalid banking information are re-sent to you via paper check. Additionally, your account payment method will be switched to paper check until you provide accurate banking information. You may contact ClickBank Accounting to inquire about the details of your returned direct deposits. Please send your request through our Account Questions form with the period ending date, the amount, and your nickname.
So with the above tutorial all explained, you can do similarly for other bank such as UOB, OCBC and such. Well good luck! I don’t expect any problem to occur, if so, then you’re doing something wrong somewhere in the steps. Backtrack and rectify it.
Here is the document link to OTHER Singapore bank codes such as UOB, OCBC, etc: Singapore Bank and Branch Codes 0 downloads
Post from: Sha Money Maker
ClickBank direct deposit into POSB, OCBC, DBS, UOB Banks
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