1. Direct Deposit Summary

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 or Accounting FAQ page.

2. How Direct Deposit Works

ClickBank's payment preferences make receiving your payments easy. Now, based on your needs, you can receive your payments via check or Direct Deposit. Rather than having to wait for postal services to deliver your check, Direct Deposit allows you to receive your payment in a few short days. Plus, Direct Deposit payments are made in your local currency, allowing you to avoid unnecessary bank fees.

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.

2.1 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 to receive your payments, you must elect to enable ACH within your account (see section 2.3).

Direct Deposit Distribution Requirements

An account must first receive three paper paychecks within any 90-day 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.

2.2 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 section 2.3).

Direct Deposit Distribution Requirements

An account must first receive three paper paychecks within 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 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.

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.foreignexchangeservices.com/cfx

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
• Ireland †
• Mexico
• The Netherlands
• New Zealand *
• 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.

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 1^st of the month, with payments sent at mid-month of the same month, your information must be received prior to the 8^th of the same month.
• For periods ending the 16^th of the month, with payments sent at month-end, your information must be received prior to the 23^rd of the same month.

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.

2.3 Enabling Direct Deposit

This section defines how to enable direct deposit.