Are you a Singapore’s afffiliate that use Clickbank to mak money online? In this post, I have provided you with the nescessary information to set up your ClickBank direct deposit for some of the Singapore banks like POSB, OCBC, DBS, UOB.
If you are not awared, ClickBank offers International Direct Deposit (XACH) for direct deposit of your ClickBank account payments into certain international bank accounts, at no extra charge. Lucky for Singapore, we are in the list :). However for a Clickbank account to be eligible to enroll in XACH, you must have first received two paper paychecks from Clickbank.
The payments will be in local currency, conversion rate will be the published market rate of Wells Fargo bank. Once sent, XACH payments generally take only a 3-4 days to reach your account for Singapore. Cool, now we can avoid those unnecessary bank fees for clearing foreign dollars denominated cheques!
First, you click on your Account Setting of the Clickbank site. Find the Payment Information section, and click on the Edit link.
You will be directed to the Payment Information Editor page.
Fill in the information on that page. Bellow is a sample setup for POSBBank:
(I have provided a link bellow for setting of other Singapore banks like UOB, DBS, OCBC)
***************
Payment Threshold: $1000.00
Payment Method: Direct Deposit
Bank Country: Singapore
Bank Name: POSBank
Account Number: [your bank account number: for POSB it is your 9-digit Account No]
International Routing Code: 7171081
Account Type: Savings
Payment Frequency: Bi-weekly
***************
Note:
* Account Number – Up to 11 digits numeric. Do not enter dashes or spaces.
* International Routing Code – exactly 7 digits numeric. Consists of the following in exactly this order:
* A four digit local bank code.
* A three digit branch code.
**** Use 081 as Branch Code for all POSBank accounts
The following is the link to to OTHER Singapore Bank Code and Branch Code such as UOB, OCBC.
It is provided by UOB, and seems to update quite frequently.
-> www.uobgroup.com/ACHcodes
After keying the information, click on the Save Changes button.
You will then see the following message:
Changes to your payment method are awaiting approval. Before the changes take effect, you must approve them by clicking the link provided in the email we delivered to your “Account Email” address. The email will be sent from [email protected] If you did not make this change, please contact our Customer Service team immediately.
You will receive an email from Clickbank quite immediately about “Notification of Payment Preference Change – Action Required”
You should see similar message in the email: Please verify that you want to change your payment preference by clicking the link below: …
Click on the link, and you will forward to a page that mentions:
Your direct deposit information changed in the last 7 days. If you did not make this change, please contact our Customer Service team immediately.
You should be able to review your new Payment Information on the same page.
That is 😛 You have finished the process to Enabling Direct Deposit for Singapore.