Hello Guys, I am in affiliate programs and I receive cheques every two weeks. When I receive these cheques, I send them to my local bank here to be process for me. After that, I wait for about five weeks until they finally processed them. After waiting for all this time and banks charge me about 50% fee for processing the cheques. This is a very bad deal. I hope you Guys can show me a way out of this.. Or is there a way I can send my cheques to a company to fund my e-gold account or to send bank wire into my local bank account? Regards.
Depends on where you live. If the affiliate programs have any online payment sites try that. Some use epassport. They send you atm card you can get cash from at any bank. You pay fee each time you withdraw money from bank.
Ask the affiliate companies. But banks charging 50% fees? What country are you in and have you tried other banks? Perhaps they are being sent for collection. After the first one or two, ask for them not to be sent for collection anymore.
Checks are allways a nightmare if you're living offshore. There are a lot of options, such as wires, ATM cards. W.Union etc. If no one of the above methods are availables in your country, the only way could be to receive the check and send them (endorsed) by courrier to an offshore bank. They have this service. This to avoid the 50% fees.
I'm from the UK and I prefer to have checks. I have the pay the exchange rates and just £5 for each transaction that I do. I transaction is where I go into the bank and give them checks, it doesn't matter if I have 1 check or 20 checks, I will still only have to pay them £5. It then takes about 2 - 8 weeks before they clear.
Hello Guys, Thanks for the advice. I live in Ghana(West Africa). How can I get an offshore bank? And do I have to pay a fee to open an account there? How long does offshore banks take to clear checks?
It is unbelievable. 50% processing fee is too much and unjust. I am reading this for the first time. which country are you living in? Try to contact other banks in your area.