Tales of Lost Adsense Cheques

Another Adsense cheque bites the dust, this time, that of Jepoy. Receiving international cheques in the Philippines isn’t safe, even if you course it thru registered mail. A lot of Adsense publishers learned that the painful way — may it be in dollars or peso currency, someone diligent enough and with the right connections can encash them quicker than you’ve realized you’ve lost it in the mail.

A lot of people have suggested solutions for s stricter mailing policy from Google but I think the problem is not with the search giant but with our Philippine Postal system. Whatever security measures are put in place will only be bypassed if it’s an inside job. There are only two ways I can think of that could solve this postal thievery:

DHL Express. They’re one of the most trusted courier in the world so you can be sure you’d get your package & money on time (actually faster). The only issue is the $24 courier fee which is a bit expensive (but it’s money we’re talking about here). One way to save is to make your payments on-hold for several months until you’ve got enough funds to offset the delivery service.

Direct Fund Transfer. This is not yet supported by Google in the Philippines but I think this is the most convenient way really. Let’s just hope that comes along soon enough.

On another topic, I’ve also been informed by my bank that dollar cheque deposits are now being tracked by the Central Bank by getting the depositor’s TIN and asking for the source of the remittance. They’d categorize it as either professional fee, donations or dividends. Not sure what’s the real reason behind it but I guess since that terrorism act has been passed into law, that’s one way for the government to track money laundering activities funding terrorism groups. That’s just a theory though. :D

Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

https://www.yugatech.com

25 Comments

Junfil says:

13 years ago

Hi ALL!

To those who have experience about handling international checks, can I possibly deposit a “Dollar Check” into a “Peso Bank Account”? Any helpful answer please. Thanks.
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Steve says:

15 years ago

Good Content its really helpful, but who else wanna learn more about Adsense or etc.. go read more here Â» Learn Adsense Secret I hope this will help you.
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eric says:

18 years ago

if im not mistaken BSP is doing as part of the of anti-money laundering act. i think the govt is just doing its part in controlling the movement of dirt money from one hand to another.

theyre usually very suspicious pag dollar accounts ang pinag uusapan. or may regular deposit/withdrawl activities invilvong large amounts.
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Abe Olandres says:

18 years ago

I was told only BPI enforces this old policy from BSP for deposits in excess of $1,000.
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SlackeR says:

18 years ago

I deposited my cheque yesterday with Metrobank no extra details asked… but If they ask for TIN numbers that’s fine with me as long as it keeps my earning safe
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wyzemoro says:

18 years ago

eh paano kung wala kang TIN?san ba makukuha yan?
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leo says:

18 years ago

I deposited my adsense check today at BPI, and yes, they’re asking for TIN.
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eric says:

18 years ago

oh my good lord!

im also expecting my check later this month. my golly sana hindi maligaw sa mga malilikot na palad ang cheke ko..

tsk tsk tsk
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Andrew says:

18 years ago

Thus s*cks man. Ever since I heard these kinds of stories I switched to DHL. Although it costs more, it outweighs the risk of getting stolen by your trusty postman. This doesn’t just happen in the Philippines though, happens everywhere!
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jepoy says:

18 years ago

i’m still waiting for the copy of my lost check… baka may blogger dito na nagtatrabaho sa post office.
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noemi says:

18 years ago

Abe- BDO. I’ll be going to BPI today so I’ll ask them if it’s true.
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Bimbo says:

18 years ago

abe,
just deposited also no details asked. asked about what happened to you, manager said there was no order to ask for details as far as he knows.
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SlackeR says:

18 years ago

Just got my cheque yesterday thru DHL only took bout 5 days… one thing weird though is that I never got any tracking number from google or from the adsense website anyone experienced this?
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ajay says:

18 years ago

Hi Yuga. I appreciate the timely advice you gave me on not monetizing my Google earnings in peso.

Fingers crossed, the eagle-eyed BIR will not train its sights on bloggers..
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Abe Olandres says:

18 years ago

@ migs

lol, could be my doppelganger

@ mlq3 & jhay

That’s what I thought at first but then the teller also told me that if it were in Peso, the new policy would not apply.

@ noemi

Which bank is that?
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noemi says:

18 years ago

I just deposited a dollar check today through my maid and she was not asked for my TIN. Hmm…
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jhay says:

18 years ago

MLQ3 has a point. This would cut into bloggers’ earnings, especially the unmarried ones. ;)
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mlq3 says:

18 years ago

perhaps that means the bir will investigate if an adsense earner doesn’t declare adsense earnings in their income tax return?
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Miguel says:

18 years ago

If only TLA had a courier service as well. They are maturing as a business, so they should.

Abe, were you caught partying with Joma Sison in Utrecht?
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