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How to receive Adsense payments via EFT ( Electronic Fund Transfer)

Electronic funds transfer (EFT) is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, through computer-based systems and without the direct intervention of bank staff. EFTs are known by a number of names. In the United States, they may be referred to as electronic checks or e-checks.





For Adsense publisher who receives AdSense payments via cheque has to wait for receive payments in their account and this is long process while EFT is quick and you don't need to go bank to cash in your Adsense Cheque.EFT is fast, secure and recommended by Google.

recieve adsense payment via EFT

To sign up for EFT, you need to provide your bank account details and test deposit verification. If you have a Paypal account you might be familiar with the test deposit verification process.

Signing up for EFT payments is a three step process as follow:-

A) Bank Account Information:-

1. Open your AdSense account.
2. Click the gear icon on top left of the screen > Payments > Visit payment settings.
3. In "Available form of payment " section click on Add new bank account or Add a new form of payment.
4. Enter your bank account information be sure to add the correct information, you may consult your bank representative for this.After entering the information click on save.

B) Test Deposit Verification 

Once you enter your bank account information, Google  begins the process of depositing a small test amount into the bank account you specified. This process takes a few days, so check your bank statements after 4-10 days to find the deposit. The deposit ranges from around $0.10 to $1.99 (or equivalent in your local currency). Depending on the country in which your bank is located, the deposit will be labeled as one of the following:

AFS RE GOOGLE
AFS RE GOOGLE ADSENSE
ARVATO FINANCE SERVICES LIMITED
BFS FINANCE LTD
CITIBANK IRELAND FINANCIAL SERVICES
Google AdSense Payment

Note: - For Countries Bulgaria, Gibraltar, Iceland, Latvia, Liechtenstein, Lithuania, Romania, and South Africa publisher don't need to verify the account with test deposit.





C) Test Deposit verification with Adsense Account 

When you got your bank statement and you find the amount deposited with above-labeled names you need to verify these with AdSense account:-

1. Click on the gear icon and select payments, then visit your payment settings.
2. In the "Payment Settings, " section click verify this account. If you don't see verify account link wait for a couple of days as Google needs to update.
3.In the box enter the amount from your bank statement and click next. If you entered correct amount your bank account will be approved.
4. Select this payment method as your default payment method.

EFT is currently available in following countries:-

Australia
Australian dollar
Test deposit required
Austria
Euro
Test deposit required
Belgium
Euro
Test deposit required
Bulgaria
Euro*
No test deposit required
Canada
Canadian dollar
Test deposit required
Chile
Chilean peso
Test deposit required
Cyprus
Euro
Test deposit required
Czech Republic
Koruna
Test deposit required
Denmark
Krone
Test deposit required
Estonia
Euro
Test deposit required
Finland
Euro
Test deposit required
France
Euro
Test deposit required
Germany
Euro
Test deposit required
Gibraltar
Euro*
No test deposit required
Greece
Euro
Test deposit required
Hong Kong
Hong Kong dollar
Test deposit required
Hungary
Forint
Test deposit required
Iceland
Euro*
No test deposit required
Indonesia
Indonesian rupiah
Test deposit required
Ireland
Euro
Test deposit required
Israel
Shekel
Test deposit required
Italy
Euro
Test deposit required
Japan
Yen
Test deposit required
Jordan
Jordanian dinar
Test deposit required
Latvia
Euro*
No test deposit required
Liechtenstein
Euro*
No test deposit required
Lithuania
Euro*
No test deposit required
Luxembourg
Euro
Test deposit required
Malta
Euro
Test deposit required
Mexico
Peso
Test deposit required
Monaco
Euro
Test deposit required
Morocco
Moroccan dirham
Test deposit required
Netherlands
Euro
Test deposit required
New Zealand
New Zealand dollar
Test deposit required
Norway
Krone
Test deposit required
Peru
Peruvian nuevo sol
Test deposit required
Poland
Zloty
Test deposit required
Portugal
Euro
Test deposit required
Romania
Euro*
No test deposit required
Singapore
Singapore dollar
Test deposit required
Slovakia
Euro
Test deposit required
Slovenia
Euro
Test deposit required
South Africa
South African rand
No test deposit required
Spain
Euro
Test deposit required
Sweden
Krona
Test deposit required
Switzerland
Franc
Test deposit required
Tunisia
Tunisian dinar
Test deposit required
Turkey
Lira
Test deposit required
United Arab Emirates
United Arab Emirates dirham
Test deposit required
United States
United States dollar
Test deposit required
United Kingdom
British pound
Test deposit required
Uruguay**
Uruguayan peso
Test deposit required


Conclusion: - Currently Google doesn't allow to correct wrong bank account or unverified account to be edited.So be careful when adding account information.If you set up EFT as your default payment method for your march's earning then complete the above steps before the 20th of the April.
How to receive Adsense payments via EFT ( Electronic Fund Transfer) How to receive Adsense payments via EFT ( Electronic Fund Transfer) Reviewed by Ankita Deshmukh on 1:58 PM Rating: 5
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