What Is Better? Checks Or Bank Deposit?

Discussion in 'Affiliate Programs' started by tamialux, May 24, 2009.

  1. #1
    Hello Affiliate Guys

    I Have a Questions

    I am waiting for My First Payment

    Can Someone Answer my Questions Please?

    1-When i should expect it to be Locked?

    2-What is Better, Check Or Bank Deposit?

    3-Which Amount will be Locked at? The Amount for The Previous Month, Or The Amount of All The Payments That has passed the Paying Time
    such as 1 day and 5 days and even 30 Days?


    Thanks in Advance and i am sure The Answer Is going to be very helpful to all the New Guys Like I.
     
    tamialux, May 24, 2009 IP
  2. AdscendFehz

    AdscendFehz Member

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    #2
    I believe that bank direct deposits "lock" quicker than checks since direct deposits are authorized in person by the person/company making it out to you. In the end, if you know a legitimate network paying you, then it pretty much comes down to preference. Direct deposits will be faster overall. though.
     
    AdscendFehz, May 24, 2009 IP
  3. rlrlphs

    rlrlphs Guest

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    #3
    For me bank deposits is better than having it as checks because some checks are bounced.
     
    rlrlphs, May 24, 2009 IP
  4. bogleg20

    bogleg20 Peon

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    #4
    I like to get direct deposit if possible. It's always a hassle for me to go the bank and cash my checks. Also, with direct deposit there's no chance your check gets lost in the mail. :)
     
    bogleg20, May 24, 2009 IP
  5. prasad581

    prasad581 Banned

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    #5
    most recommendable ways of recieving payments are paypal and direct bank deposit
     
    prasad581, May 25, 2009 IP
  6. Ripped

    Ripped Well-Known Member

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    #6
    Bank deposit is much better IMO, especially if you're outside the US/Canada

    Depending on where you live, you can wait for up to 4 weeks to receive your check.
    Once you receive your check you'd need to wait for up to another 4 weeks for your bank to clear the check(it's usually a week, but sometimes it can take few weeks)

    Meaning, after your payment is sent, It can take about a month or two for you to have the funds ready for spending.

    Of course, if the company sending the payment is from the US, and you're from the US, it will take only a few days to receive and cash the check, so check is not so bad if you're in the US.

    With wire transfer (bank deposit) , you receive the funds 2-3 days after they're sent regardless of where you live, and they're immediately ready to use in your bank account. So between a month needed to receive and cash the check, and the 2-3 days needed to receive the wire,I'd choose wire.

    The only downside is that you're charged 25-35$ for the wire transfer fees, but it's not a big deal
     
    Ripped, May 25, 2009 IP
  7. usapatriot

    usapatriot Peon

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    #7
    Bank Deposit is much better. You don't have to wait for the number of days it takes the check to come in the mail.

    It is much more convenient if you have a lot of payments coming from different affiliate networks at different times of the month. You don't have to keep driving to the bank.
     
    usapatriot, May 25, 2009 IP
  8. babpose

    babpose Banned

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    #8
    But Is Checks Faster Than Direct Deposit?:rolleyes:
     
    babpose, May 25, 2009 IP
  9. getjimmy

    getjimmy Prominent Member

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    #9
    I always prefer Bank transfer,Check takes so much time and then couple of weeks to clear.
     
    getjimmy, May 25, 2009 IP