Whenever people ask me what is the best bank to open a dollar bank account for their Google Checks, I’d point them to Banco de Oro since it only takes $200 to open a new account and $100 to maintain it.
Anyway, my friend just told me that he was having some problems with his account in Banco de Oro (BDO).
Apparently, the BDO Branch was questioning the legality or authenticity of the Google Check. Either they haven’t heard of Google yet or they just can’t believe a search engine pays people in dollar checks.
Then, they required a Memorandum of Agreement (MOA) between my friend and Google stipulating such transactions and what not. MOA what?
I think it’s a hopeless case and i just told my friend to move to another bank. Say BPI? This could just be an isolated case with the branch as I know several other people banking with BDO and not having similar problems.
[tags]check clearing, dollar deposits, banking, finance, Google Adsense[/tags]
it is really pain in the … when you have your adsense check in dollar.
what I did is have it sent in peso, deposit on my ATM payroll (actually any bank account in peso will do) wait for 3 days, withdraw the cash.
no hassle, and maintaining is 100 peso only. I usually transact with PCIEquitable.
@ russell
There have been incidents that peso checks get stolen in the post office. Unless you can spare $24 for a DHL delivery, there’s not much safeguard actually.
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i deposited mine at Plantersbank. (that’s where i work)
no it’s not Coconut Plantersbank. anyway, opening for a dollar account is $100 only.
as for the google check, i have already asked my boss if ever i’ll have problems with it and he said that as long as the check value does not reach Php 500,000.00 then there will be no problem.
[...] When I read this, I remembered Yuga’s article on Banco de Oro and Google Adsense checks. [...]
I had my dollar account updated last Aug 14 on your SM City branch.. but i found out that a large amount was deducted..I was told by the teller that BDO’s minimum is 200 dollars.. increased last July 2007.. but i was not INFORMED OR UPDATED. If i happen not to update my dollar account.. my savings would slowly diminish without my knowledge.
The bank should be held responsible for it.. and should have informed their clients beforehand.
I got my first one last July 2007 and got another one the next month. Until now the cheques are still sitting “kamote” in the province until I have my own personal money worth $200 (approx P10,000) so I can open a regular dollar deposit account where I can dump in my cheques. Since I can’t blame the banks for being an “ingnuramus” on hi-tech matters (most of bank managers and executives are old-timers and were born on the times when typewriters rule the world), I figured we should go back to the issue of whether Paypal should stop being paranoid and allow Filipinos to receive money from other Paypal account holders. My GOD! The Filipinos are the working slaves of the world and many of us today are working freelance in the comfort of our barong-barong in order for our masters to save money hiring us.
same here Jhourlad.. ang cheque ko ay cheque parin.. hahaha! kulang pa ng Cash para ma deposit.. banks won’t accept cheques to open an account eh huhuhu
I dont have trouble of getting my google adsense payments. I trusted it with western union.
western union is better. no hassle.
hala. .wahh. mahirap pala pag dollar check mo.
I called up BPI Hotline at 89-100 a few hours ago. Asked them if I can deposit cheques mailed to me via snail mail from the United States in U.S. Dollars and deposit them monthly to my BPI Peso Savings Account. They said yes. They told me to just drop by the branch, sign the cheque at the back and deposit it. It will be cleared within 20 days. No problem.
Admin, it seems you updated a lot of comments on this post since I first commented on this more than a year ago. Anyway…
…Yeah, Adsense is already cashing out via Western Union. I set mine a few months ago to be sent via WU. Ang problema napa-Saudi ako. Now my problem is that Western Union do not send to any Muslim countries due to terrorist issues kaya balik cheque na nman ako. Ang kulit di ba?
Sabi ko sa teller na arabo, “Di po ako terorista… artistahin pwede pa.”
Toinkz!
Having all read all negative comments about the hardships in transacting Google Adsense checks I suggest you try Western Union. According to my friend WU is no hassle. But for me, whether Google checks maybe difficult to transact with some or most of the banks…I’m still eager to receive at least $100 check. As of now… .05 pa kasi.
Good thing I found this post. I read every comment and I’m going to try opening a dollar account with BDO. I have two ClickBank checks that I need to encash and unfortunately there’s no Wells Fargo anymore here in Manila. Wish me luck.
Hi,
I have a dollar account in BDO, I opened the dollar account because of Adbrite payment which is a Wells Fargo Check. So far, it works good for me. When you deposit ang dollar check you must deposit it before 11am. the check will be cleared within 21 banking days. And now, I already enjoy my adbrite payment. I open dollar account at BDO kapitolyo branch.
I hope this information helps. tnx
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Well probably comments here were made during the time western union is not yet affiliated with google.