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Tales of Lost Adsense Cheques

Another Adsense cheque bites the dust, this time, that of Jepoy. Receiving international cheques in the Philippines isn’t safe, even if you course it thru registered mail. A lot of Adsense publishers learned that the painful way — may it be in dollars or peso currency, someone diligent enough and with the right connections can encash them quicker than you’ve realized you’ve lost it in the mail.

A lot of people have suggested solutions for s stricter mailing policy from Google but I think the problem is not with the search giant but with our Philippine Postal system. Whatever security measures are put in place will only be bypassed if it’s an inside job. There are only two ways I can think of that could solve this postal thievery:

DHL Express. They’re one of the most trusted courier in the world so you can be sure you’d get your package & money on time (actually faster). The only issue is the $24 courier fee which is a bit expensive (but it’s money we’re talking about here). One way to save is to make your payments on-hold for several months until you’ve got enough funds to offset the delivery service.

Direct Fund Transfer. This is not yet supported by Google in the Philippines but I think this is the most convenient way really. Let’s just hope that comes along soon enough.

On another topic, I’ve also been informed by my bank that dollar cheque deposits are now being tracked by the Central Bank by getting the depositor’s TIN and asking for the source of the remittance. They’d categorize it as either professional fee, donations or dividends. Not sure what’s the real reason behind it but I guess since that terrorism act has been passed into law, that’s one way for the government to track money laundering activities funding terrorism groups. That’s just a theory though. :D

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Avatar for Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

25 Responses

  1. Avatar for Junfil Junfil says:

    Hi ALL!

    To those who have experience about handling international checks, can I possibly deposit a “Dollar Check” into a “Peso Bank Account”? Any helpful answer please. Thanks.

  2. Avatar for Steve Steve says:

    Good Content its really helpful, but who else wanna learn more about Adsense or etc.. go read more here » Learn Adsense Secret I hope this will help you.

  3. Avatar for eric eric says:

    if im not mistaken BSP is doing as part of the of anti-money laundering act. i think the govt is just doing its part in controlling the movement of dirt money from one hand to another.

    theyre usually very suspicious pag dollar accounts ang pinag uusapan. or may regular deposit/withdrawl activities invilvong large amounts.

  4. Avatar for Abe Olandres Abe Olandres says:

    I was told only BPI enforces this old policy from BSP for deposits in excess of $1,000.

  5. Avatar for SlackeR SlackeR says:

    I deposited my cheque yesterday with Metrobank no extra details asked… but If they ask for TIN numbers that’s fine with me as long as it keeps my earning safe

  6. Avatar for wyzemoro wyzemoro says:

    eh paano kung wala kang TIN?san ba makukuha yan?

  7. Avatar for leo leo says:

    I deposited my adsense check today at BPI, and yes, they’re asking for TIN.

  8. Avatar for eric eric says:

    oh my good lord!

    im also expecting my check later this month. my golly sana hindi maligaw sa mga malilikot na palad ang cheke ko..

    tsk tsk tsk

  9. Avatar for Andrew Andrew says:

    Thus s*cks man. Ever since I heard these kinds of stories I switched to DHL. Although it costs more, it outweighs the risk of getting stolen by your trusty postman. This doesn’t just happen in the Philippines though, happens everywhere!

  10. Avatar for jepoy jepoy says:

    i’m still waiting for the copy of my lost check… baka may blogger dito na nagtatrabaho sa post office.

  11. Avatar for noemi noemi says:

    Abe- BDO. I’ll be going to BPI today so I’ll ask them if it’s true.

  12. Avatar for Bimbo Bimbo says:

    abe,
    just deposited also no details asked. asked about what happened to you, manager said there was no order to ask for details as far as he knows.

  13. Avatar for SlackeR SlackeR says:

    Just got my cheque yesterday thru DHL only took bout 5 days… one thing weird though is that I never got any tracking number from google or from the adsense website anyone experienced this?

  14. Avatar for ajay ajay says:

    Hi Yuga. I appreciate the timely advice you gave me on not monetizing my Google earnings in peso.

    Fingers crossed, the eagle-eyed BIR will not train its sights on bloggers..

  15. Avatar for Abe Olandres Abe Olandres says:

    @ migs

    lol, could be my doppelganger

    @ mlq3 & jhay

    That’s what I thought at first but then the teller also told me that if it were in Peso, the new policy would not apply.

    @ noemi

    Which bank is that?

  16. Avatar for noemi noemi says:

    I just deposited a dollar check today through my maid and she was not asked for my TIN. Hmm…

  17. Avatar for jhay jhay says:

    MLQ3 has a point. This would cut into bloggers’ earnings, especially the unmarried ones. ;)

  18. Avatar for mlq3 mlq3 says:

    perhaps that means the bir will investigate if an adsense earner doesn’t declare adsense earnings in their income tax return?

  19. Avatar for Miguel Miguel says:

    If only TLA had a courier service as well. They are maturing as a business, so they should.

    Abe, were you caught partying with Joma Sison in Utrecht?

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