How to approach your bank regarding AdSense wire transfer


Are you expecting your first wire transfer payment from Google AdSense? It is a good idea to approach your bank and be proactive to receive your wire transfer smoothly.

Receiving the AdSense payments through wire transfer (and any other wire transfers) to a bank account in India involves some manual process at the bank. Google makes the wire transfer on 21st or 22nd of every month. Then it goes through some intermediary banks and finally reaches the foreign currency transaction department of your bank, which will be different from your local branch. The people sitting at the foreign currency department will look at the awaiting wire transfers everyday, look at the payee name, compare with your account etc. If everything is matching, they will click the button to accept the wire transfer. While accepting the wire transfer and crediting the amount to your account, the bank person has to enter some information regarding the source and purpose of the foreign currency received. This is a mandatory RBI rule.

Sometimes, the bank will assume some purpose and accept the wire transfer. But in many other cases, the foreign currency department will call or email the local branch asking them to find out the purpose from the account owner. Then your local branch is supposed to call you and find out the purpose of the transaction.

This is were most AdSense publishers get into trouble. Many times, the bank may fail to reach the account owner for various reasons like wrong phone number in records, no phone number available, people not picking up calls, local branch people are not efficient to find out the information etc.

If you are expecting a wire transfer payment from Google or any foreign payer, it is a good idea to approach your bank while the payment is pending and provide certain information.

The information that your bank requires to accept your wire transfer is the purpose of the transaction. Reserve Bank of India has issued a list of purpose codes that describes different types of transactions.

You may want to submit a letter to your bank explaining the purpose of the wire transfer. Here is a sample letter which you can customize, print and submit to the bank: https://docs.google.com/document/d/1W4Qlu0M9BsMZEiPSQGsbZsFvONcsH9F_69JqDOlp49M/edit

The purpose code for advertising income from Google AdSense is P1007, which represents few online services. You can read more about the purpose code for AdSense income.

If you do not receive the expected wire transfer after 10 working days from the date of issue of payment, you can request reissue of wire transfer payment.

If you are making good revenue from your blogs, you can read some tax saving tips for Indian bloggers.



Article by Tony John
Tony John is a professional blogger from India, who started his first Weblog in 1998 at Tripod.com. Tony switched to blogging as a passion blended business in the year 2000 and currently operates several popular web properties including IndiaStudyChannel.com, Techulator.com, dotnetspider.com and many more.

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Comments

Guest Author: Kavitha30 May 2014

Hello Sir,
I have not yer received my Payment which was issued on May 22nd 2014. State Bank of Mysore (Bangalore Branch).
This is my first wire transfer, I am much worried.
What step should I want to take at this movement. Please Guide me sir.

I am thinking to open a new account in SBI which is mostly referred as best for adsense payment by many people. My doubt is, if I launch a troubleshooter,Can I give my new account details (SBI) or I should go with the process using only my old State Bank of Mysore account.

Author: Tony John31 May 2014 Member Level: Diamond   Points : 4

Kavitha,

If you haven't received the wire transfer yet, as I stated above, you need to contact the bank first. Ask them to contact their foreign currency departments and check if there is a payment on hold or waiting for some information from you. Most banks will simply say some excuses like there is no payment pending etc. But you really need to bother them asking for details and tell them with confidence that there is no chance of error anywhere else and wire transfer should be waiting there.

If they really can't figure out, only then you go to Google and ask for reissue of wire transfer.

Guest Author: kavitha04 Jun 2014

Hai give me solution,
I received wire payment in the very first time, after a great struggle. My bank don't have SWIFT code, so I have given the nearest branch code. That is the reason for my problem.

Now, my bank has given me a new SWIFT code for my future smooth transaction. How to edit my bank account settings in adsense. There is no option for edit, I found only
+Add a new form of payment link in account setting page.
Now, how to Edit my swift code.

Author: Raghav Kapoor08 Jun 2014 Member Level: Bronze   Points : 2

Its been a while that I have been searching for the method to change the payment option to Wire Transfer. Neither am I getting the way to change nor Google is sending a mail about the payment preferences changes.
I hope someone might be able to help me regading this.

Guest Author: John14 Aug 2014

As per my knowledge, PIP date is 21st, so what is the last date of entering the bank details to get the payment on 21st.?



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