The first one to report this issue was Migs when he mentioned that his bank called him up to return his TLA cheque. It was stamped “Retun to Maker“. He was charged $10 for the processing.
Then just now, Annalyn Jusay called me up frustrated that her last 2 TLA cheques also bounced. Her local bank told her that her dollar account has been deducted $50 for the processing of the “Return to Maker” cheques.
I haven’t been informed by my bank if mine cheques also suffered the same fate but don’t worry much. This could just be some accounting errors.
Remember last week’s announcement that TextLinkAds was bought by MediaWhiz. They probably switched corporate bank accounts or something. Remember that it takes around 20 to 25 days to clear international cheques here in the Philippines so I guess TLA thought all the previous month’s (Sept.) payouts have been encashed already.
If this happened to you, just email Patrick Gavin (President of TLA) and tell him about your problem. They’ll re-issue your cheques right away. Migs told me he requested that his last month and this month’s payouts to be put on hold until the bank issues cleared out. Also, since the problem is on their end, you can mention the charges you incurred because of the bounced cheques. They might re-imburse you for that too.