Opening a BDO Dollar Account For Your ClickBank Checks

06 March 2010 ~ 19 Comments

I believe opening up a dollar account here in the Philippines is the only way you can cash in your dollar checks. If you know any other ways then please share about it in the comments below.

Please take note that I’m not affiliated in any way, shape or form with Banco De Oro (BDO). The only reason why I chose them is that they require the smallest starting fee which is $200. I think Bank of the Philippine Islands (BPI) is asking for $500.

So I borrowed $200 from my girlfriend’s mother and asked my mother to open my dollar account since she knew someone in the bank. The enrollment process is basically straightforward. We just filled up some forms and deposited 200 bucks but we had some issues when they saw my ClickBank checks. I was always worried that I’m going to have some troubles mainly because of the banks not having any idea what ClickBank is and that you can earn money just through the Internet. I’ve even read that bank employees here don’t even know Google! hahaha!

I’m not sure if this is a normal procedure in all BDO branches but they wanted me to provide them a printout of my ClickBank transactions. At first I was really annoyed on their requirements but I guess they’re just strict with dollar accounts. So I printed out some screenshots of my sales transactions and finally I got to deposit my dollar checks. Now I’m just waiting for the checks to clear on the 15th.

After almost 8 months of affiliate marketing, I’m going to finally get a hold of my earnings! Woohoo! It’s not that much but basically I’m just going to reinvest everything back into my business. Maybe I’ll post some earning screenshots on my next post.

19 Responses to “Opening a BDO Dollar Account For Your ClickBank Checks”

  1. Noel Nuguid 6 March 2010 at 10:58 pm Permalink

    Had a similar problem when I had to deposit my Adbrite checks. I first went to BPI and then BDO. Both of them have annoying requirements. Finally settled opening a RCBC USD savings with passbook (The branch manager is a friend of mine).

    So from now on, all of my dollar checks goes to RCBC. Sorry for BDO and BPI.


  2. Raymond Selda 6 March 2010 at 11:48 pm Permalink

    It’s always nice to know someone from the inside. hehehe.

  3. Ronald Redito 26 March 2010 at 1:31 pm Permalink

    I also deposit my affiliate earnings in my BDO dollar account. Opening an account in BDO Legazpi was really simple. No hassles. One of the teller is my girl friend’s classmate at Bicol University.

  4. PinoyPride Clothing 26 April 2010 at 11:14 am Permalink

    Can I ask you kung eksakto ba ang clearing time nila na 21 days for US Checks? Minsan kasi inaabot ng isang buwan.

    • Raymond Selda 26 April 2010 at 11:58 am Permalink

      So far they’re following the 21 day clearing schedule. I wouldn’t be surprised if sometimes it would take them a month but so far everything’s great.

  5. Insights 16 July 2010 at 11:35 am Permalink

    hi mga how much minimum ba na dedeposit nio from mga click back/google adsense? iniisip ko kasi baka mamaya super liit pa nakakahiya naman magdeposit.

  6. Raymond Selda 16 July 2010 at 12:15 pm Permalink

    I only deposit ClickBank checks and my threshold is set at $100. The lowest threshold you can set at ClickBank is $10. When you’re just starting out, most of the time your checks are not going to be that much but who cares? If you continue working on your online business, your dollar checks are only going to increase.

  7. Insights 16 July 2010 at 7:26 pm Permalink

    thanks for the reply.. hmm you’re right, who cares! hehe! even if it’s small it’s still money =)

  8. Adamu Bayero 26 December 2010 at 3:28 pm Permalink

    Hi am from africa but i want to have account with clickbank. Please i want you people to help me get it thanks.

  9. Wilson 9 March 2011 at 11:05 pm Permalink

    Usually di mo rin maiiwasan na may mga teller pa rin na mga tanga at ignorante hahaha, imagine Google di nila alam?

    @Adamu Bayero why don’t you visit and read what’s on the Clickbank website so you will know..its just a bit of common sense..

  10. Johnny 16 April 2011 at 3:43 am Permalink

    I’m surprised they asked you for clickbank transactions. Nung nag deposit ako ng clickbank check ko for the first time sa BDO. Wla naman hiningi, basta tinanggap lang.. hehe.. Tinanong lang ako kung pano ko na earn un.. sabi ko “Gawa ako ng maraming blog tapos lagay ko affiliate link ko, parang Avon, benta mo product nila online” hehehe.. Nagulat lang kasi sila, first check ko $8,600 hahaha..

  11. mary jane 24 July 2011 at 2:58 pm Permalink

    ask ko lang po kung pwede maka open ng dollar account kahit close na un bdo peso savings ko last month po thanks

    • Raymond Selda 28 July 2011 at 11:37 am Permalink

      As long as you’re putting money in a bank, you can open whatever account that you want. hahaha.

    • nocti 5 August 2011 at 5:07 pm Permalink

      @mary jane: they require 6 months before you can reopen a new account in BDO. i know because my savings account closed and when i tried to reopen a new account they say that it will be 6 months pa before i can do that. so while waiting i opened a new savings account in metrobank. i still use bdo tho as a wallet account.

  12. Mariceline Querubin 22 October 2011 at 8:10 am Permalink

    Do i need a dollar account in order to pay for something using clickbank or paypal? thanks and god bless

    • Raymond Selda 23 October 2011 at 1:11 pm Permalink

      Basically, you just need a credit card or a Paypal account with funds if you want to buy something online.

Leave a Reply