Enabling Direct Deposit
ClickBank is pleased to offer direct deposit (ACH) as a payment alternative to eligible U.S. and international clients. This payment alternative offers several benefits to our clients:
- No extra charges
- Fast (1-5 business days)
- Reliable
- Payments in your local currency
For more information about direct deposit, please refer to the details below or the Accounting Policy page.
How Direct Deposit Works
ClickBank’s payment preferences make receiving your payments easy. Based on your needs, you can receive your payments via check or direct deposit.
In order to best explain how to use direct deposit, first the “rules” outlining its use are defined and then step-by-step instructions for implementation are detailed.
United States Direct Deposit (ACH) Rules
The following business rules apply to ClickBank United States direct deposit. Please be sure to review them prior to enabling direct deposit. Direct deposit is a subset of our existing payment features; therefore, to ensure you’re viewing the most current rules please review the ClickBank Accounting Policy.
Payment Default
By default, all payouts are mailed via check to the legal address listed in your account. To switch to ACH (direct deposit) to receive your payments, you must elect to enable ACH within your account (see Enabling Direct Deposit below).
Direct Deposit Distribution Requirements
An account must first receive two paper paychecks in any time period before it is eligible to enroll in direct deposit.
Timing
Once sent, payments may take 1-2 business days to reach your account, although many United States direct deposits are received on the same day that we send them.
Payment Change Deadlines
Changes to your payment preference will not affect your next payment unless the change is made by the applicable payment deadline. Specifically,
- For periods ending the 1st of the month, with payments sent at mid-month of the same month, your information must be received prior to the 8th of the same month.
- For periods ending the 16th of the month, with payments sent at month-end, your information must be received prior to the 23rd of the same month.
Direct Deposit Failure
When an ACH payout fails to reach you due to invalid banking information, ClickBank automatically resets your account to payment by paper check and mails your payment via check to the legal address listed in your account. You may contact ClickBank Accounting to inquire about your returned deposit.
International Direct Deposit (XACH) Rules
The following business rules apply to ClickBank international direct deposit. Please be sure to review them prior to enabling direct deposit. Direct deposit is a subset of our existing payment features; therefore, to ensure you’re viewing the most current rules please review the ClickBank Accounting Policy.
Payment Default
By default, all payouts are mailed to the legal address listed in your account. To switch to ACH to receive your payments, you must elect to enable ACH within your account (see Enabling Direct Deposit below).
Direct Deposit Distribution Requirements
An account must first receive two paper paychecks in any 90-day period before it is eligible to enroll in direct deposit.
Timing
Once sent, payments take only a few days to reach your account, depending on the country. Specifically, payments take 1-2 business days for Canada; 2-3 business days for Australia, Belgium, France, Germany, Ireland, Mexico, The Netherlands, and New Zealand; 3-4 business days for Austria, Switzerland, and the United Kingdom; and 4-5 business days for Spain.
Currency
Direct deposit is done in your local currency. Your XACH payment is converted at the quoted daily retail rate of Wells Fargo Bank. Current daily rate quotes are available at Wells Fargo’s website at:
https://www.wellsfargo.com/foreignexchange/
Click on the Currency Calculator link.
Note: XACH is available in U.S. dollars to Canadian bank accounts only.
Countries
XACH deposits are available to bank accounts in the following countries:
- Australia *
- Austria
- Belgium
- Canada
- France
- Germany
- Hong Kong
- India
- Ireland †
- Mexico
- The Netherlands
- New Zealand *
- Singapore
- Spain
- Switzerland
- United Kingdom †
* New Zealand and Australian credit union accounts cannot be used for XACH.
† United Kingdom and Ireland Building Society collection accounts cannot be used for XACH.
If your country is not on the above list, wire payments may be available for select accounts. Please contact ClickBank Accounting to inquire as to the availability of wire payments.
Payment Change Deadlines
Changes to your payment preference will not affect your next payment unless the change is made by the applicable payment deadline. Specifically,
- All changes to payment details, including address or payee changes, and changes between payment methods, must be made before the applicable deadline for each pay period. Specifically, changes must be complete before settlement is run, which occurs at 5 p.m. (U.S. Mountain Time Zone) Tuesday, one week after a pay period ends.
Direct Deposit Failure
When a direct deposit payment fails to reach you due to invalid banking information, ClickBank automatically resets your account to payment by paper check and mails your check. You may contact ClickBank Accounting to request more details regarding your returned deposit.
Enabling Direct Deposit
This section defines how to enable direct deposit.
- Go to My Account and log in to your ClickBank account.
- Click on the Account Settings tab.
- Click Edit in the payment information area.
- Select the Direct Deposit payment method radio button.
- Accept the Terms & Conditions.
- Add the necessary data to the Direct Deposit Information area.
- Click Save Changes.
- The system displays a notification in your account and sends an email to your Account Email Address with instructions for completing the process.
- Go to the email account specified in your Account Email Address settings.
- Locate the email recently received from ClickBank Notifications.
- Follow the instructions provided in the email.
- After following the instructions in the email, the system displays a confirmation of the change.
- The system also sends you an email to confirm the change.
- You’re now ready to start receiving direct deposit payments!
Posted in Account Tools | 
Tags: ACH, direct deposit, international, wire payments, wire transfer, XACH
