Tuesday, April 28, 2009

Where to Bank an Adsense Cheque in Nairobi

This is a follow up post to the long-running question of what do with an adsense cheque or its’ equivalent. There are dozens of Kenyan bloggers building up small net earnings from adsense and similar web-based advertising companies – but who usually pay in US$ cheques - minimum $100 i.e. now almost Kshs 8,000 which is a tidy sum for a part time activity.

The post is of interest because the costs of clearing such a cherub can run up to 50%at some banks. After the last post on the subject we had these as the cheapest banks:

2. Family Bank - Kshs. 650
3. KCB (said) minimum Ksh.800
4. Co-op Bank - Kshs 1,000
1. I can now add to the top of the pile Barclays Bank of Kenya who charge just Kshs 200 /= (~$2.5) the lowest so far I have verified.

KCB was the only bank (out of 40) to respond to a query via the general e-mail account published by the banks. What does this say about the level of internet interaction? Very bad. There are some non-existent companies with great interactive websites, but with Kenyan banking its the opposite – some great innovative banks who put up massive website, and which, though updated often, rarely respond to to online queries and feedback.

Twitter would be a nice (free) tool for them to use, but no bank has yet embraced corporate blogging, and none are on @Twitter yet. @MosesKeimbaro had a recent post on Kenyan brands on Twitter. – with the most prominent and active being @KenyaAirways. Also here's a great list of other financial sites on twitter.


Tamaku said...

If only there was a cheque to cash...;(

Teal'c said...

I'd also vouch for Barclays Bank

gmeltdown said...

the thought of small firms with great internet presence and large corporates with brochure kind of presence is annoying. Follow this thought on gmeltdown.blogspot.com

Kenyan Freelancer said...

Very insightful...when the dollars start rolling in at least i know where i can convert them benjamins. I'm so bookmarking this post. And, so true about corporate blogging...our kenyan companies will only realise the importance of social media when the rest of the world is miles ahead.

Bruce said...

Even in South Africa it's not easy. The bank teller always looks at me like I'm crazy. Sometimes they even say it takes three months to clear but I've always managed to get clearance in a few days. Good luck!

bankelele said...

Tamaku: it may take a few months but on day adsense may pay

Teal'c: so far so good, it’s very hard to get information from banks on the cost of this transaction for comparison, but I’m compiling my list

Gmeltdown: that’s the reality, and why small innovative firms can reap big

KenyanFreelancer: Capital 984 has a few corporate blogs, but you can’t distinguish them from news

Bruce: adsense take about one month to clear at all Nairobi banks

Kenyan Freelancer said...

@bankelele...will chek out capital fm blog. thanks

Anonymous said...

great info y'all

CBF said...

What is the minimum amount that adsense can issue?

Anonymous said...

the best to clear is at National Bank...only Ksh220.Verified and used it before.Coperative bank is also good coz you get your cash at the 14 day unlike other banks where it will take you 32 days.I used them before but very expensive ie Ksh.1000

Love said...

Good to know....very shameful that our country is this way.

Love said...

8000ksh to just for just blogging wow!


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