Update: Now WITHOUT THIS DOCUMENTS YOU CANNOT MONETIZE YOUR YOUTUBE CHANNEL

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Introduction

In today’s video, I want to address an important topic regarding documents required for monetizing your YouTube channel. Recently, I had a challenging day and felt quite down, but I’m back with some crucial information that you need to have before you begin the monetization process on YouTube.

If you are looking for the necessary documents to monetize your YouTube channel, you need to ensure that you have the following items ready:

  1. National Identity Card: This is a vital document that you cannot overlook.

  2. BVN Number: Your Bank Verification Number is essential for identification purposes.

  3. Identity Verification Document: You will need to provide either an International Passport, Driver's License, or a Plastic Voter's Card.

  4. Tax Identification Number (TIN): Obtaining your Tax Identification Number is crucial. For those in Nigeria or other African countries, you can visit the Federal Inland Revenue Service (FIRS) office in your state to generate this number. Make sure to inquire about any fees involved. Note that you cannot generate a TIN online; it needs to be activated at the local office to be valid.

  5. Domiciliary Account: It's necessary to have a Domiciliary Account (often referred to as a USD account) with your bank. If you are in a country where the dollar is more favorable than your local currency, converting some of your currency to dollars is advisable to set up this account. I personally created my domiciliary account with just $ 50 by converting my Naira to dollars.

These documents are crucial when it comes to verifying your account for monetization. This information is meant to prepare you for the process and ensure that nothing stands in the way of your monetization goals.

I hope this information helps anyone out there looking to monetize their YouTube channels. If you haven’t participated in this challenge yet, I encourage you to join in!

Keywords

  • Monetization
  • YouTube Channel
  • National Identity Card
  • BVN Number
  • International Passport
  • Driver's License
  • Voter's Card
  • Tax Identification Number
  • Domiciliary Account
  • USD Account

FAQ

What documents do I need to monetize my YouTube channel? You need a National Identity Card, BVN Number, an identity verification document (International Passport, Driver's License, or Voter's Card), Tax Identification Number, and a Domiciliary Account.

Can I generate my Tax Identification Number online? No, you cannot generate your Tax Identification Number online. You must visit the Federal Inland Revenue office for activation.

How much do I need to open a Domiciliary Account? You can open a Domiciliary Account with as little as $ 50, but it may vary by bank.

Do I need to convert my local currency to dollars for the Domiciliary Account? Yes, if you are in a country where the dollar is favorable, it's advisable to convert your local currency to dollars when opening a Domiciliary Account.