Drawbacks to Direct Deposit?

Discussion in 'ClickBank' started by rbf738, Oct 31, 2008.

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  1. #1
    I want to switch to direct deposit because I just got my 3rd check in a row from clickbank in 6 weeks. My question is that are there any drawbacks to it? I still haven't had any refunds, do they immediately just take the money out of your account if there is a refund? If that's the case I may be better off sticking to checks, I wasn't sure how it worked.
     
    rbf738, Oct 31, 2008 IP
  2. kinitex

    kinitex Well-Known Member

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    #2
    The only drawback is you dont get to take pictures of those big fat checks or show them off to people. Other than that direct deposit works the exact same, except you get paid every tuesday like clockwork. No they dont withdraw anything. Refunds will come out of future payments to you.
     
    kinitex, Oct 31, 2008 IP
  3. 2-4-K

    2-4-K Peon

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    #3
    ACH / Direct deposit is defintely more convenient and better... plus they can not just take the refunds out of your bank a/c..
     
    2-4-K, Oct 31, 2008 IP
  4. mill123

    mill123 Active Member

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    #4
    refunds are what the allowance is for.
     
    mill123, Oct 31, 2008 IP
  5. hamidap

    hamidap Active Member

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    #5
    No drawbacks, it's all good - I love direct deposit. Any refunds are taken out of your Clickbank account rather than your bank account.
     
    hamidap, Nov 1, 2008 IP
  6. bl4ckmaN^

    bl4ckmaN^ Well-Known Member

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    #6
    Yeah, it's all good, but you won't see checks anymore ;)
     
    bl4ckmaN^, Nov 1, 2008 IP
  7. markov

    markov Peon

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    #7
    Is ACH facility available for FREE? Some said CB charges $35 per ACH. Am I right?
     
    markov, Nov 1, 2008 IP
  8. WilsonA

    WilsonA Active Member

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    #8
    I have never heard of the $35 charge, they only charge me the same $2.50 they used to charge when I used to receive payment by check
     
    WilsonA, Nov 1, 2008 IP
  9. scottysbody

    scottysbody Active Member

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    #9
    My question, for you guys getting large direct deposits, are the funds available immediately? I still get paper checks (I'm old school like that and since I live close to Idaho, I get them in the mail on Thursday) but since the "economic crisis" my bank (Bank of America) says they can take up to five days for the funds to clear since the checks total over $5000. Therefore, I've been forced to go to Wells Fargo and cash the checks and then deposit them at BOA.

    Anyone else experiencing anything like this? Are you large direct deposit guys having funds available the same day? Cashing the checks and then depositing them is a pain because they have to fingerprint me at Wells, etc. The whole process takes about an hour. It's a time waster.

    Scotty
     
    scottysbody, Nov 1, 2008 IP
  10. hamidap

    hamidap Active Member

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    #10
    I'm in the UK and my funds are available within 24 hours (usually by Thursday morning here) - it used to take anything from 6-14 days for a check to arrive though.
     
    hamidap, Nov 1, 2008 IP