Clickbank cheque question

15 years ago

Originally Posted by Vanquish

I have just received my first pay cheque from clickbank and I assume the denomination is in US dollars however it does not specify it anywhere. When i go to cash the cheque will it get cashed in US dollars and converted to local currency or be cashed at my local currency?

Take a look at the bank that the cheque is drawn on. It will probably say something like "Bank XYZ, USA", which means that it is a US cheque. Your bank should know

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Adenrele Laguda

15 years ago

Originally Posted by Vanquish

I have just received my first pay cheque from clickbank and I assume the denomination is in US dollars however it does not specify it anywhere. When i go to cash the cheque will it get cashed in US dollars and converted to local currency or be cashed at my local currency?

Hi, I am from the UK, it is a US dollars cheque.

UK banks call it a foreign cheque, you are paid in your local currency on whatever the exchange rate is on the day it is cashed.

In the UK it takes about 10 days to get cashed and there is a fee to pay as well...

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jbsmith

15 years ago

I'm a fellow Canadian - and yes, the checks are in US currency and will automatically be converted into CND$. Every two weeks when I cash my CB check I get an adjustment about 2-3 days later for the currency.

Of course, the great news right now is that we are getting a 20% premium when changed into CND funds - sweet!

Jeff

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Mike Hill

15 years ago

Originally Posted by jbsmith

I'm a fellow Canadian - and yes, the checks are in US currency and will automatically be converted into CND$. Every two weeks when I cash my CB check I get an adjustment about 2-3 days later for the currency.

Of course, the great news right now is that we are getting a 20% premium when changed into CND funds - sweet!

Jeff

It's a very nice pay raise right now (lot better than 5 months ago). I always take mine in to the bank and mention it's a US check to the teller so there is no mistake.

Mike Hill

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shibbeymon 15 years ago

I would suggest you ask clickbank. But everyone is correct, the check is based on a US bank.
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- vicone 15 years ago
  
  I'm not sure whether this applies to Canada, but overseas residents being paid by Clickbank can also request payment be made as a direct deposit into a bank account after receiving three paper checks.
  
  The checks are in US dollars and drawn on the Wells Fargo Bank.
  
  However direct deposits don't incur a delay nor any additional collection costs. The funds are cleared as soon as they arrive in the account.
  
  You can see whether this is available by examining the options available for payment in your Clickbank account. They describe what your options are and after 3 paper checks the direct deposit becomes available (for foreign residents).
  
  Ivan
  
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ced28

15 years ago

Originally Posted by Mike Hill

It's a very nice pay raise right now (lot better than 5 months ago). I always take mine in to the bank and mention it's a US check to the teller so there is no mistake.

Mike Hill

Yeah the pay raise is great right now

Once per month I take all my US checks to the bank and tell the cashier to deposit everything in my US bank account and when I see the Canadian dollars drop, I quickly move all my US funds in my Canadian account.

Cedric Aubry

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Kris Turner

15 years ago

Originally Posted by MarketPro

Hi, I am from the UK, it is a US dollars cheque.

UK banks call it a foreign cheque, you are paid in your local currency on whatever the exchange rate is on the day it is cashed.

In the UK it takes about 10 days to get cashed and there is a fee to pay as well...

Never took longer than 2 or 3 days for mine to clear at Barclays.

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Adenrele Laguda 15 years ago

Originally Posted by Alex Taylor

Never took longer than 2 or 3 days for mine to clear at Barclays.

I'm with HSBC...
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adpablo

15 years ago

ClickBank cheques are issue in USD and then when you cash it in your country the total is converted into your local courrency....for people outside the US I would recommend direct deposit..faster and better exchange rates....

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Charlie Parker 15 years ago

My CB cheques cleared instantly and without any fees in my bank here in the UK. The beauty of still having my student account.

Though I don't get them anymore, direct deposit FTW!
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