Are you a Google Adsense publisher living in Nigeria and finding it difficult to cash your check/cheque?
Are you doing an affiliate program that pays you with check/cheque but you‘re finding it difficult to cash your money?
You don’t need to worry about those questions you’re seeing above, you can easily cash your Google adsense and other affiliate check/cheque easily in your local bank account here in Nigeria.
Your Google Adsense check/cheque and other foreign check/cheque can only be paid to a domiciliary account, domiciliary account can be use to clear your dollar, euro and pound sterling check/cheque. Domiciliary account can only be operated in foreign currencies. You can also use your domiciliary account with forex, but am limiting this post to Google Adsense and other affiliate program check/cheque clearing procedure.
The first thing you need to do is to go to your local bank where you are operating a savings/current account and ask for a domiciliary account form, you will be ask to fill out some information and you will need to provide some document such as two passport photographs, a utility bill (e.g. PHCN bill) and your National Identity Card/ International Passport/ Drivers License. After this, you will be asked to provide two referees. You will only be asked to provide referees if you are operating a savings account with them, but if you are using a current account already, you won’t be ask to provide referee. Your referees must be a current account/ domiciliary account holder with your bank or other commercial banks in Nigeria and there account must not be dormant. To make your domiciliary account process faster, I will advise you to find referees from your bank.
The opening balance of a domiciliary account differs from bank to bank for example,
• Guarantee Trust Bank (GTB) domiciliary account opening balance is $100. You can withdraw your $100 after the whole process.
• Intercontinental Bank Plc (IBP) domiciliary account opening balance is $150. You can only withdraw $135 after the whole process. The remaining $15 will remain in your account
• First Bank domiciliary account opening balance is $500.
• Access Bank will request for $100, but $20 must always remain in your account.
From the four banks listed above, you can see that GTB is the best bank you can open a domiciliary account with because they are the cheapest and they allow you to withdraw your entire fund at your will. Before I opened my account with GTB I visited almost all the commercial banks in my area to know their charges and criteria. I will advise you to open a Dom account with GTB because I find them reliable and cheap.
After opening the domiciliary account, and confirmed your referees you can now pay your check/cheque into your dom account. Every commercial banks in Nigeria uses 15 working days to clear your check and credit your account with your money. You will be charge $10 for every check/cheque cleared by GTB. The amount charge as bank charges varies from bank to bank. After they must have deducted $10 from your account, you can withdraw the rest of your money. You will be paid in the currency ascribe on the check/cheque.
By now you must have had a full idea of how domiciliary accounts work, how you can cash your Google Adsense and other affiliate program check/cheque.
In my next post, i shall be looking into how your Adsense check will arrive at your home.
For questions or addition use the comment box below
6 comments so far. What are your thoughts?
The information is helpful.keep it up! Lucky Okolo
Hi,
I appreciate your information. It sounds educating but not really credible. Sir, have you tried to walk into any Nigerian bank and inquire whether they clear international cheque? I guarantee that the answer you will get from the customer service assistant would shock you. The general answer is; "No, we don't clear cheques issued by a foreign bank even with a domiciliary account". I visited 15 out of the 24 commercial banks in Nigeria, this was the answer I got.
Those of you who claim to operate Google Adsense business I wonder how you guys really clear your cheques. I strongly believe there is more to it than just having a dom account and your international cheque receives the warmest pamper.
Please take time to do your findings on this and I hope next time I visit your blog, you would have updated it with more credible solution on clearing international cheques in Nigeria.
@Anonymous From your comment, you said you've only visited 15 commercial banks out of 24 commercial banks in Nigeria. Have you visited GTB and Access Bank yet? because am operating a domiciliary account with both banks and I always use both banks to clear my international checks every month.
Try and make more research before you jump to conclusion that international checks can not be withdrawn in Nigerian banks.
To me, this article is informative and credible. I use GTBank and their domicilliary account is good.
Are u into google adsense. I have not bn able to earn $15 since 2008. Yiro
Justnaira is a place to be when you need an easily comprehensible post. keep up the good work man.
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