Monday, February 11, 2008

ClickBank Offers International Direct Deposit

Maybe you already knew this, but this was news to me and I haven't received any notification from ClickBank or seen anything reported about it.

ClickBank publishers and affiliates who DON'T live in the USA have always faced considerable inconvenience. In most countries the depositing of foreign checks/cheques usually involves extra fees and considerable delays before your money is cleared.

Well, finally ClickBank has caught up to companies like PayPal and will make direct deposit payments to accounts at banks in a number of countries outside the US. ClickBank calls this service...



International Direct Deposit (XACH)

Payment periods are the same as for checks, and delays are measured in days rather than weeks.

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Payments take 1-2 days for Canada, 2-3 days for Australia, Belgium, France, Germany, Ireland, Mexico, The Netherlands, and New Zealand, 3-4 days for Austria, Switzerland, and the United Kingdom, and 4-5 days for Spain.
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There is no application form. You just e-mail a request to join XACH, along with your account details, to: paychecks@clickbank.com

The information you need to send is just your Bank Account Number and the International Routing Code for your bank. That's all they ask for.

For information about what the banks in your country might call their version of the Routing Code, refer to the following information I received from ClickBank.

For me this was a very significant and long-awaited discovery.

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Australia
Account number - numeric. The account number is 5-9 digits, depending on the
financial institution. If less than 9 digits, do not add leading zeros.
Note Australian credit union accounts cannot be used for XACH.
International routing code (BSB) – 6 digits numeric. The BSB (Bank, State, Branch) number is six digits and consists of the following:
* A two-digit bank number.
* A one-digit state number.
* A three-digit branch number.
For example, if the BSB number is 032001, 03 is the bank number, 2 is the state number, and 001 is the branch number. Do not include a dash or any other symbols.

Austria
Account number (Kontonummer) - numeric. The Kontonummer is 4-11 digits, depending on the
financial institution. If the account number is less than 11 digits, do not add leading zeros. International routing code (bank/branch number) – 5 digits numeric. The bank/branch number is five digits. Consists of bank and branch codes.

Belgium
Account number - numeric. The international routing code for the bank is included in the account number. The entire account number string needs to be 12 digits in length and consists of:
* A three-digit international routing code (bank/branch code).
* A seven-digit account number.
* A two-digit check digit.

Canada
Account number – 12 digits numeric. If less than 12 digits, do not add leading zeros.
International routing code – 9 digits numeric. Consists of the following:
* A four-digit institution number.
* A five-digit branch transit number.

France
Account number – 11 digits alphanumeric. Add leading zeros if less than 11 characters. For
example, if the account number is A123456789, the account number you use is 0A123456789.
International routing code (RIB) - 10 digits numeric. The RIB is ten characters and consists of bank and branch codes.

Germany
Account number – 10 digits numeric. Add leading zeros if less than 10 digits. For example, if
the account number is 12345678, the account number you use is 0012345678.
International routing code (Bankleitzahl) - 8 digits numeric. Eight characters in length.

Ireland
Account number – 8 digits numeric. Add leading zeros if less than eight digits. For example, if the account number is 123456, the account number you use is 00123456.
For savings accounts, follow the same guidelines as for checking accounts. Building Society collection accounts cannot be used for XACH.
International routing code (sort code) – 6 digits numeric. The sort code is six digits.

Mexico
Account number – 1. Enter as 1. The account number itself is included in the CLABE number, which is entered in the international routing code field (see below).
International routing code (CLABE) - 18 digits numeric. Since April, 2002, every account holder in Mexico has been assigned a CLABE number. The CLABE number is 18 digits and consists of four components in the following order:
* A three-digit bank code.
* A three-digit bank plaza code.
* An eleven-digit account number.
* A one-digit check digit.

The Netherlands
Account number – 10 digits numeric. The international routing code for the bank is included
in the account number. The account number can be either of the following:
* For a Giro account, use three leading zeros plus the seven digit Giro account, for a total of 10 digits. For example, if the Giro account number is 1234567, the account number you use is 0001234567.
* For a non-Giro account, use a leading zero plus the nine-digit account number, for a total of 10 digits. For example, if the account number is 123456789, the account number you use is 0123456789.
The international routing code for the bank is included in the account number. See the description for the account number field.

New Zealand
Account number – 12 digits numeric. Do not include a dash or any other symbols. Consists of
the following:
* An eight-digit account number. If the account number is less than eight digits, use leading zeros.
* A four-digit suffix. If the suffix is less than four digits, use leading zeros. For example, if the account number is 12345 and the suffix is 789, the entire 12-digit account number would be 000123450789.
Note NZ credit union accounts cannot be used for XACH.
International routing code (bank/branch number) – 6 digits numeric. The bank/branch number consists of the following:
* A two-digit bank number.
* A four-digit branch number.
For example, if the BSB number is 030123, 03 is the bank number and 0123 is the branch number. Do not include a dash or any other symbols.

Spain
Account number – 11 digits numeric. Consists of the following:
* A one-digit check digit.
* A ten-digit account number.
International routing code – 9 digits numeric. Consists of the following:
* An eight-digit bank/branch code.
* A one-digit check digit.

Switzerland
Account number – 16 digits alphanumeric. Account numbers are 3-16 characters in length and may include letters, digits, and even certain punctuation characters, such as periods and hyphens. Account numbers may or may not contain a check digit. Do not add leading zeros.
International routing code (SIC number) 5 digits numeric. Normally 3-5 digits in length.

United Kingdom
Account number – 8 digits numeric. Add leading zeros if less than eight digits. For example, if the account number is 123456, the account number you use is 00123456. Savings accounts at banks are assigned a sort code and account number, just like checking accounts. For these accounts, follow the same guidelines as for checking accounts.
Note Building Society collection accounts cannot be used for XACH.
International routing code (sort code) 6 digits numeric. The sort code is six digits.


If your country isn't listed here, you might want to contact them to see if they are setting something up.