Banco de Oro and Google Dollar Checks
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]