Question for those outside the US that receive CB direct deposits

1 replies
Hey guys,
Im an Australian resident, and Ive just recently had my CB account changed from paper cheque to direct deposit and noticed the following clause when entering my banking details...

Remember! Payments made via international direct deposit will be deposited in the local currency of the country selected. Bank accounts utilized to receive ClickBank international direct deposits must be denominated in that local currency in order for the deposit to be successful (exception: Canadian accounts may receive USD deposits)

If I understand this correctly, does this then mean that if I earn $1,000 USD that the money will be transferred in AUS dollars?

So If I earn $1,000 the total to hit my account will take into account the exchange rate and a figure of $1,082 will be deposited? Or do they intend on just transferring the earnt amount of $1,000??

Sorry just a bit confused

Could someone please clarify this for me? Is there anything else I need to be aware of - I want to avoid any issues if possible, such as the transaction bouncing - (they charge a fee)

Thanks,
John
#deposits #direct #question #receive

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