zar cheques not accepted from 20 july 2013

[MSB]

I just went to deposit my lastest Google Adsense cheque and was told that from 20 July they will no longer be accepting ZAR as a form of payment.

Notice on Nedbank website reads:

Phasing out of cross-border cheques and drafts - holding statement
22 April 2013

Nedbank welcomes the announcement by the Payment Association of South Africa (PASA) that no cross-border cheques or rand (ZAR) drafts will be accepted as a means of payment within the common monetary area (Lesotho, Swaziland, South Africa and Namibia) and no rand (ZAR) drafts will be accepted as a means of payment within the South African Development Community (SADC) region from 22 July 2013.

With effect from 20 July 2013 Nedbank will no longer accept the above as a means of payment. As a green bank Nedbank will continue to educate its clients on cost-effective, secure and convenient payment alternatives such as digital (mobile and internet) and card payments.

Nedbank continues to invest in innovative banking solutions to deliver a distinctive client experience and great-value banking for its clients.

Do those of you getting international cheques have any news on this?

Particularly with regards to Google Adsense? are they planning to do EFT payments for South African publishers?

 

[ToxicBunny]

I have a feeling you will find that Google will still send you checks... whether you can cash them or not will not be there problem (at least initially)

 

[MSB]

Hmm, well then hopefully SA will get the EFT option soon.

the only bank that's talking about this seems to be Nedbank. Anybody heard this from another bank?