[Tutorial] How to open an online stock trading account in COL Financial (Citiseconline) – for OFWs and newbies

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How to open an online stock trading account in COL Financial (Citiseconline) – for OFWs  and newbies

How to open an online stock trading account in COL Financial (formerly Citiseconline) to start investing in Philippine Stock Market is very simple and as easy as opening a regular bank account.

If you’re really just a beginner in the Philippine Stock Market, and want to be an investor with COL Financial as you’re chosen broker partner, I summarized the the steps below for you to open an online trading account in COL Financial and shared some next actions you can do as a new investor.


Online Trading with COL Financial

Online trading can give you the convenience of accessing your account through the internet wherever and whenever you want.

It affords investors like you a level of independence and control not previously experienced through traditional or offline trading.

You can pick and choose stocks online that meet your personal financial goals.

You can buy and sell your stocks, access your financial portfolio, and read recommendations on which is good (or not) to buy all at the touch of a mouse.

As a COL customer, you will be able to benefit more from every trade with access to its superior online tools and functionalities with the lowest allowable commission rate in the industry at only 0.25% of the transaction value.

COL Financial also offers a host of online trading and information services, among which are:

· Automated order placement and execution via the internet

· Access to live quotes and other market statistics

· Online portfolio tracker

· Research materials and market commentaries

· Price charting program and Ticker system display

· The Virtual Tycoon – a simulated stock trading environment

On top of that, you can get customer support by calling 6-515-888 or writing to helpdesk@colfinancial.com.

And in cases wherein you have no access to the computer/internet, you may ask COL Financial to place an order for you.

Please note however that broker-assisted calls are charged 0.5% for commission and not 0.25%. Other charges will remain the same.

COL Financial 3 TYPES OF ONLINE TRADING PLATFORM:

COL Starter – An entry-level account suitable for long term investing. Provides access to basic research reports, standard market information, and end-of-day charting data. Minimum investment: Php5,000.

COL Plus – For more FLEXIBLE Account good for short term, medium term and Long term. Provides streaming quotes, comprehensive research reports and live chart data with some customizable features. This is a strong featured trading account catering to those needy of more research as well as faster data streaming. It has all the features of the COL Starter account with addition to some feature improvements like streaming data over your Quote page, Watch list, an expanded 6-pack, detailed broker information, more research, as well as Java Charts with live data. It also has usage of COL’s Easy Investment Program or EIP to schedule purchase orders for your favorite stocks. Minimum investment: Php25,000.

COL Premium – For the premier investor. Provides access to all available features and a personal relationship manager dedicated to assist you. Minimum investment: Php1,000,000.

3 Steps How  to Open an Account in COLF Financial

As a quick reference, summarized below are the steps you need to do to open an account in COL Financial:

 

STEP1
ACTIONS
Choose your account type :
COL Starter (minimum 5k investment)
COL Plus (minimum 25 investment)
COL Premium (minimum 1M investment)
DETAILS
Just base your selection on the initial investment you currently have.
In other words, is your investment capital at least 5k but less than 25k? Then choose COL Starter.Do you have 25k starting  amount you can invest? Then choose COL Plus.
Also you can start with COL Starter and once your money in your account reaches 25k, you will have the option to upgrade it to COL Plus online.
The differences are minimal so this is not really that important. Don’t dwell too much on this. 🙂
2 Fill out the necessary forms. Duly fill out all forms.

  1. Customer Account Information Form (CAIF)
  2. Foreign Account Tax Compliance Act (FATCA)

Click HERE to download latest forms.

3 Prepare additional requirements:
Submit a photocopy of at least 1 valid ID issued by the Philippine Government
Any of these : (kindly sign twice the clear copy)
· Driver’s License
· PRC ID
· Passport with signature portion/Visa
· Postal ID
· SSS ID
· Voter’s ID· Company Id with Birth Certificate

*
[UPDATE as of July 2016 Billing statement is no longer a requirement.]

Proof of billing under your  name or parents name would be needed (no  later than three months past)
(Note: Address on the Signature Cards, OSTA and presented billin statement should be consistent)

Once completed, submit all forms to COL Business Center:
2403-B East Tower, PSE Centre
Exchange Road, Ortigas Center,
Pasig City, Philippines 1605*Once all requirements are received a sales officer will contact you via call or email to inform you of your COL Account No. and status of your application.

If a week after your submission, you still haven’t received any email update, email them at helpdesk@colfinancial.com.

Any of these: ( LATEST BILL no later than three months past )
· Utility Bill
· Credit Card bill
· Bank Statement
3
Fund your account
You do this once you receive an email that your application is approved.Minimum of P5,000 for EIP/COL Starter
Minimum of P25,000 for Regular/COL Plus
Funding Options1.Online Banking via Merchant Payment
a. Banco de Oro
b. Bank of the Philippine Islands
c. Metrobankd. Asia United Bank
2. Over-the-Counter via Merchant Payment
a. Banco de Oro
b. Bank of the Philippine Islands
c. Metrobank3. You can also deposit your initial investment at their COL Business Center.
Below are the Important reminders:
  • It is required that the form must be submitted together with the FATCA form.
  • If it’s a Joint or account, both Account holder needs to sign the forms.
  • For the In Trust For (ITF) Account, if the Minor cannot sign yet, The Parent can sign for the Minor.
  • The OSTA form will stay with the client so they can keep it already.
  • Validity in complying additional requirements is within 3 months only upon submission, otherwise, they have to submit new set of forms and requirements again
  • Validity of funding the Account is within 3 months only upon approval, otherwise, they have to submit new set of forms and requirements again

Summary

All account openings should have the following:

  • Customer Account Information Form (CAIF)
  • FATCA form
  • Clients would only need to submit the CAIF and the FATCA for account opening. For Joint accounts, OSTA form will stay with the client.
  • Minimum deposit of COL PLUS – Php 25,000 / COL Starter – Php 5,000 / COL Premium – Php 1,000,000

*Note: Forms should be duly signed and properly filled out. No scanned or photocopy will be accepted. Erasures should have counter signatures or an amendment letter.

  1. Filipino – included OFWs & Self-Employed

Non Face to Face

  •  Photocopy of (2) valid Government issued ID by the Philippine Government

o Note: Photo & Signature is important

o Note: Check that the birthday should be the same on the form

o Note: All signature in all forms must be consistent with the ID submitted

*Substitute: A Philippine Gov’t paper or certificate with a Secondary ID with photo & signature

  • Billing Statement ([UPDATE as of July 2016] Billing statement is no longer a requirement.)

o Note: Lessee should still have a letter from the Lessor

o Note: If no bills under your Name, you may submit a copy of current bill under Parent’s or Sibling’s Name

o Note: Address must be consistent in all forms with the Proof of Billing submitted

  • TIN number

o Note: To verify TIN number, you may dial the BIR hotline number, (02) 981-8888

o Note: Apply for a TIN number, Please see this document. You may submit the 1st and 3rd page together with your complete requirements to the nearest BIR office.

You may send all the Forms and Requirements via courier to:

COL Financial Group, Inc. c/o Mabel Roque

2403-B East Tower, PSE Centre, Exchange Road,

Ortigas Center, Pasig City, 1605, Philippines

If you wish your documents to be picked-up for free via our messenger, please fill-out the details below:  Inform COL one day ahead of the pick-up date, Working days only (Monday to Friday, between 10 am to 5 pm).

  • Date of Pick-up:
  • Contact Person:
  • Mobile number:
  • Office Telephone number:
  • Company Name:
  • Complete Office address:

COL will send you email again once it receives it so to give you your Reference Number which you’ll use for  bills payment or remitting money for your Initial funding.

Some Notes

For the submission of the application form, it is a mandate from SEC that all forms must be original and signed.

Make sure signatures are consistent with those on IDs submitted and across all fields. Countersign any erasure.

Requirements such as the billing statements can be scanned sent via email however for application forms, they are treated as contracts between the investor and the stockbrokerage firm therefore they would really need the signed hard copy. The good thing is that this is a one-time procedure for account opening, the rest of your transactions can be online or via banks for your deposits.

TIN is required.

You may send the documents to COL Financial Business Center 2403-B East Tower PSE Centre, Exchange Road, Ortigas Center, Pasig City  1605 Philippines OR  call their office to have it scheduled for pick up if you are within Metro Manila area.

For the funding of the account, you will receive an email containing the instructions on how to fund your account via BDO, BPI, or Metrobank once your application is already approved.

That’s it.
It may appear long but the process is actually simple.

If you’ve downloaded the forms via the link above, you will see this my COL account number under Referred by:. I don’t get anything from it though.

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Frequently-Asked Questions

Q: Is there a fee in opening an account in COL Financial?

A: There is no transaction fee in opening an account. 100% of your deposits will be credited to your account for your investments.

Q: Do I need to attend a seminar first by COL Financial before opening an account?
A: No, you can open an account without attending any of COL Financial’s seminar. However, it’s good that you attend first one of their free seminars so you’ll have better understanding of what stocks investing is all about.

Q: I don’t have billing statements in my name. What can I do?
[UPDATE as of July 2016] Billing statement is no longer a requirement.

A: Regarding billing statement, other alternatives would be:
1) A valid government issued Id that has an address on it
2) Copy of your Contract Employment or Certificate of Employment
3) Any Billing statement under a relatives name as long as it has the same address on what is written on your application form
4) Any of your latest Bank Statement

If possible, email them first at helpdesk@colfinancial.com scanned copy of signed forms and requirements for them to check and review before sending it (via mail/LBC for example) to avoid delay.

Q:Anong bill po ba ang ipapasa ko kasi student pa po kasi ako. Wala pang bill na nakapangalan sakin.
A: Y
ou can present any billing statement with the same address in your application. Please note that it also has to be under someone who shares your surname.

Q: [For OFWs or those outside Metro Manila] How can I open an account if I can’t personally go to COL Financial’s office?
A: You can open your account online. Fill out the form and mail it to them (via LBC, etc) ensuring that you have a clear copy of your required IDs.  If possible, email them first at helpdesk@colfinancial.com scanned copy of signed forms and requirements for them to check and review before sending it to avoid delay.

Q: Im an OFW and I want to register in COL Financial. I don’t have any bank account. Is it really needed?
A: You can still open your COL Financial account without indicating your bank account since it is primarily required for withdrawal purposes. However you will need to update this information later on so you can do future fund withdrawals. 

COL Financial requires all its accountholders to have Philippine bank accounts with the same name as their COL account.  This is because the main purpose of the bank account is for fund withdrawals which are issued as a check under the customer’s name.  Thus, the check may only be deposited to a bank account of the same name. Hence, accountholders cannot use bank accounts which are not registered under their names

Q: Is there a minimum age for one to open an account in COL Financial?
A: The minimum age to open your own account is 18 years old.

Q: I plan to register my 7-year old daugher in COL EIP. What are the requirements? Is her presence needed during the registration process?
A: There’s no need for a personal appearance. Additional requirements for opening an  In-Trust-For-Account (ITF) can also be found here.

Q:How does a foreigner with no local bank account withdraw funds from his/her stock brokerage account?
A: COL Financial has partnered with iRemit so you can easily make your withdrawals and deposits by visiting any center near you.

Q: I have other questions not answered here. Can you help me?
A: You can send your question through my contact page and I’ll see to reply to you ASAP. If you want quick response, you can just put it in the comments below. 🙂
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Once your account is approved and you’re done funding it, you’re now ready to buy your first stock.

OTHER HELPFUL TUTORIALS

Easy Investing with Strategic Averaging Method
Philippine Stock Market Trading Hours
How to Withdraw your Investments

If you have other questions, just let me now in comments below or email maribel.roque@colfinancial.com

Have fun investing,

oMeng Tawid


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Sir, do I have to secure another new TIN (for one time transaction purpose) specially for opening COL Financial account if I already have one used in my employment? Or can I use my existing TIN for COL Financial application? Thanks!

  • Krissa

    Hi, i went to BIR and when I was applying for a TIN they were asking for a certification from COL that I’m opening an account as part of the requirements, i told them they don’t really give out such things but they insisted that COL does and i should submit it. What should I do?

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  • Grace

    Sir student plang po ako, anu po ung mga requirment at saang email address ko po i papass ang mga ito?? Thank you po God bless

    1. Omeng TawidOmeng Tawid Post author

      @Grace, the requirements are listed above, you can submit the forms directly to the broker’s office, or if malayo ka sa office nila, or nasa abroad, you can have it sent via courier.

      I suggest mag email ka muna sa support email nila ng scanned copies ng application mo for final verification if complete na before mo ipadala via courier.

  • Zaldy Villamil

    Sir, I am currently US citizen is their a possibility for me to open/invest thru COL FINANCIAL?what are the requirements?Thank you

  • Vhans

    Hi, I would like to sign up for a COL financial account personally at PSE. Is it much better? I am planning to deposit there my initial investment instead of sending it through the bank. Will I be getting my log-in details more quicker compared to applying through mail and paying through bank? Thanks.

  • Alljon

    @Omeng Ask ko lang po… kasi student palang ako kung pwede na po ba ako makapag open ng account kahit eto lang ang mga documents ko; 1 valid ID (Student I.D), Birth certificate, and Barangay clearance as proof of residency. meron na rin po akong TIN No. And Savings bank account sa BPI. 2nd pano po ba yung process ng free picked-up documents nyo?
    Tnx!

  • Ellaine Solano

    Hello Sir. I can’t seem to find the “SPECIMEN SIGNATURE CARD” Form. Instead, the FACTA Disclosures are in the downloadable forms. Do I need to fill this out, too? and where can I download the SPECIMEN SIGNATURE CARD? Thank You!

    1. Ellaine Solano

      Additional Question: Sir, how do I fill out the OSTA? Do I need to put my signature at the bottom part? Thank you.

  • Rowland

    If I open a COL Plus (minimum 25 investment) account, does it mean ito na yung minimum na kailangan ko na ipasok lagi sa account ko? and kailangan ba monthly or its up to the account holder kung kailan sya magpapasok ng pambili ng stocks?

    1. Omeng TawidOmeng Tawid Post author

      @Rowland, no minimum required for additional investment, it’s up to the account holder/investor..

  • Agave

    Just in case youve chose the col starter is the 5000 will be part of your funds or it is just a fee for opening the account

    1. Omeng TawidOmeng Tawid Post author

      Hi Agave, any deposit you make will already become part of your buying power (your funds to buy stocks)

  • trebalack

    To those who had an account. Do they offer a live stock screener feature in their platform? Can they screen stocks for breakouts?

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  • Jem

    Sir, on-going na po young fill-up ko sa COL financial para mag open ng account kaso required yung residential phone number. wla pa kaming tel.# sa bahay. panu po to? sana po ay masagot nyo ako. thanks.

  • Jerick

    back to back ba yung pag print ng forms ng col financial? or separate yung pag print ng bawat page? kasi I am interested in investing. thanks!

  • ian

    Sir omeng, ask ko lng po sna,kung nag EIP aq ng COL then nag miss ako ng 1 month somewhere in the middle because i don’t want to buy since that month the price is high, it is possible and what will happen?thanks

  • Lhea Sim Superal

    I’m planning to invest in the stock market but I don’t have a TIN number yet since I’m still a student. I went to our BIR office but they’re asking for what kind of TIN application I would apply, is it for business, employment, or one time transaction.
    I’m confuse on what category would I apply to have a TIN to invest.
    Thank you! and I look forward to your response .

    1. Omeng TawidOmeng Tawid Post author

      Tell them it”s for a one-time transaction. Bring COL Application forms so it will be easy for you to explain that it’s one of the requirements.. and it’s needed.

  • dhoi2x

    may tanong lang po sana ako sir!….nag submit na po ako ng requirements para mag open ng trading account…ilang linggo po ba bago nila ma receive ung requirements ko na isinusumite???

    1. Omeng TawidOmeng Tawid Post author

      You should receive an email from your broker in the next 3-5 working days. If none, better send them an email.

  • Carl gomez

    Hi I am an OFW in Saudi Arabia It is indicated upon finishing opening an account that we have to print out the documents we are required to fill out. is it not possible to finish the registration online?

  • rrjrj

    Hello po, ask q lng po kz dmi q requirements n wla ktulad po ng tin number wla po aq, tpos ung bills po nmin ng krynte tsk tubig e nkasubmeter lng po kmi kya d po s amin nkapangaln wla rn po kmi bank account paano po kya aq mkakasimulang sumali? Pls help nman po oh, slamat po…

  • Michael Magallanes

    what are other security measure in doing online transactions when opening COL account and making transaction in the future, any tips us as a beginners. thanks more power

  • rachel

    Sir I would like to open an account tru online I’m an ofw how can I join the stock market do u have a online application to fill up the form..thnks

  • eldick

    sir. omeng mag memesage po ako sa inyo s email nyo. interested po ako mag invest sa col. medyo madami po ako question before ako mag invest. ok lang mag mesage sayo true email?

  • Kerwin Aco

    I’m a US – Filipino dual citizen living in California at this moment and want to invest in the Philippine stock market. I have an e-trade account here and a Bank of America checking/savings. Now how Do I participate in buying/selling stocks while not physically in the Philippines?

    1. Omeng TawidOmeng Tawid Post author

      Yes, you can say to the BIR officer that you’ll be using it for your driver’s license.

  • Paul

    Do I need to open a bank account first before applying Col financial or filling up the form?

    Nagtataka lng po ako kong bakit may

    “CUSTOMER’S PHILIPPINE BANK ACCOUNT DETAILS” (optional lng ba ito or mandatory)

    Name of Bank: _________________________ Branch: _________________________ Bank Account Number:_____________________

    Upon filling up the form?

    Sana matulongan nyo po ako…

    Maraming Salamat po!

    1. Omeng TawidOmeng Tawid Post author

      @Joel, your bank account maintaining balance is subject to your bank’s policies. your COL Financial account (if you’re opening one) has no required maintaining balance

  • Oliver Abrazado

    Sir, Pwede po bang address ko dito sa abroad ilagay ko sa filled up form if I open an account in one of the online stock broker or yung talagang permanent address ko po sa Pinas ang dapat kong ilagay. Im planning to open an acount po kasi sa COLfinancial pero I need to open a bank account first here in Israel thru BDO para fund transfer na lang for my broker acct to start buying in stock market. Anyway, may I ask what is the best stocks to buy today? thank you and more power

  • Gian

    Hi Omeng! I have an account for beginners. I remember a staff from COL instructing us to where we could find the stocks that we should buy, sell or if it’s on hold. I’ve tried hitting the tabs on my account but still unable to find it. Could you help me with this one? Thank you!

    1. Omeng TawidOmeng Tawid Post author

      @Cristina, wala masyadong important difference.. just some site features. i suggest you start with 5k, add regularly to reach the 25k level.

  • Paola Tan

    sir, about the minimum age requirement, can i apply already even though i'm only 17 but will turn 18 this year? or i need to wait for me to be 18 years old?

  • Arky

    Nag submit ako, nag fill up ako dun sa mga online form at had it printer along with my Gov’t ID and utility bill, then submitted via LBC after 3day may nag email sakin, kulang daw ako ng req. and binigyan ulit ako ng panibagong forms, pero pareho lang nmn sa nai-submit ko, so ayun, magsesend nanaman ako ulit.

  • Herbert

    sir good day, im in qatar right now and i wanted to ask kung kailangan ko rin ba mag open ng account sa BPI or Metrobank b4 i open an account in COL?

  • Kirby Hart Recto Fortin

    on your FAQ you said that the minimum age required is 18yo while on the next question:

    Q: I plan to register my 7-year old daugher in COL EIP. What are the requirements? Is her presence needed during the registration process?
    A: There’s no need for a personal appearance. Additional requirements for opening an In-Trust-For-Account (ITF) can also be found here.

    He want to register his daughter but he said that his daughter is only 7yo.
    what does it mean?
    thank you.

  • marilou silang

    sir good day mg ask lng ako kumg puede gamitin un account ko sa bdo,para maka join ako/, ofw ako dto sa israel, isa p wala akong TIN thnx

  • Nico

    Ang alternative ways na apat ba ay required na apat talaga ang gagawin? Paano po yung contract of employment if student pa lang at di nagtatrabaho? Paano din po yung TIN for students?

  • Omeng Tawid

    Lilibeth M. Hipolito anong info? wala namang isesend na info sa home address. all relevant and important info are sent to your registered emai address.

    1. Omeng TawidOmeng Tawid Post author

      @Christina, you need to submit all the requirements via courier (ex: LBC).
      but i suggest you email scanned copies first to verify that it’s all okay. iwas aberya.

  • Anonymous

    Im curious, if ever na 1 month pa lang nakakapag invest sa stock market, then gusto ng kunin ung money. paano yun? yung process and or may minimum ba silang months bago mkuha? sorry, student pa lang po kasi. hope you reply as soon as possible 🙂

  • Junuel Zoldyck

    Hello i would like to open an account in COL but the problem is TIN since i work as a freelance online work .. can u help me about this thanks sir Omeng Tawid

    1. Omeng TawidOmeng Tawid Post author

      you’ll receive your account details (username and password) via email po.
      wala naman pong ipapadala sa address nyo po. 🙂

  • K

    Hi Sir,
    I’m an 18 year old student and really wanted to start investing in the stockmarket, can I create an account at COL tho I dont have a TIN number, government issued ID(I only have a student ID), and a billing statement?
    Thanks Sir.

    1. Omeng TawidOmeng Tawid Post author

      Hi K, you will need TIN. Go to BIR and apply for it. Just mention you need that for your driver’s license application.

  • Wilson Belen

    hi sir omeng, should i fill up both primary and secondary account holder under CAIF app.form?and since I've already a current bdo savings account is it okay to use it for depositing together in filling up these form using my bdo accont no.? thanks much

  • Omeng Tawid

    other alternatives would be:
    1) A valid government issued Id that has an address on it
    2) Copy of your Contract Employment or Certificate of Employment
    3) Any Billing statement under a relatives name as long as it has the same address on what is written on your application form
    4) Any of your latest Bank Statement

    1. Lucila

      Tawag ka sa trunk line nila icall them using trunk line dati na akong may TIN number so narettieve ko ang number ko thru sa pag tawag sa BIR..mabait naman sila …long distance call ako kahapon then pag nasagot mo na tanong nila ibinigay na nila TIN NUMBER mo.

  • cecile cornel

    pwede po ba BDO cash card ang gamit sa bank card?? kasi ung sa online form ng COL financial di ko ma enter ung last digit ng cash card number ko…

  • Dennis Benavides

    Hi Omeng,

    Just a quick question. What if COL suddenly closed down it's shop, say became bankrupt. What would happen to our money?

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  • chit

    hello po, pano po if iba ang address na nakalagay sa Postal ID ko at sa permanent address na ilalagay ko sa application form, ok lang po ba un? kasi nag change address po kami

    1. Omeng TawidOmeng Tawid Post author

      Yes you can open without bank account, but later on, you’ll have to inform then for your future withdrawal of your investment.

    1. Omeng TawidOmeng Tawid Post author

      Jorge, yes TIN is required for tax purposes, check online BIR to ask your TIN if you already had one before. if wala pa talaga, just apply for a new one, online too is possible.

  • Omeng Tawid

    @russle, if you mena open an account in a stockbrorage firm company, the YES you can do that. just follow steps above for COL Financial opening procedures. 🙂

  • Omeng Tawid

    @arnel, i doubt it. to be safe,
    other alternatives would be:
    1) A valid government issued Id that has an address on it
    2) Copy of your Contract Employment or Certificate of Employment
    3) Any Billing statement under a relatives name as long as it has the same address on what is written on your application form
    4) Any of your latest Bank Statement

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  • Ray Alvarez

    Sa Application for egistration, BIR Form 1904, alin po pipiliin ko under Tax Payer Type, (a) One Time Tax-Payer or (b) E.O. 98?

    At dun po sa field #20, ano po lagyan ko ng mark? Yung “Capital Gains Tax – Stocks” po ba?

    Btw, college student palang ako.

    Thanks in advance!

  • Charlene

    Hello po Omeng,
    Thanks for your very detailed guide to opening a COL account. I have three questions po sana:
    1. Regarding one of the requirements – at least 1 valid ID issued by Philippine Government. I only have my Philippine passport, and nothing else from the list you’ve given above. What other proof can I provide po? Or is Philippine passport copy enough?
    2. I am working here in the UK and have no local Philippine bank account, but I have UK bank account. Shall I put my UK bank account details in “Customer Bank Account Details” on the form or shall I leave it blank?
    3. On funding my account, can I use Western Union for remittance or only wire transfer through my UK bank account? Medyo mahal po kasi ang charge pag through UK bank account.
    Thanks in advance for your time and for your reply.

  • vilma o. mendoza

    gud day po,ask ko lang po ditto kami sa Jeddah ksa,ano po ba yung worst scenario na pwedeng mangyari sa investment…possible po ba na yung 10k hal.na iinvest ko ay posibleng mawala or matalo?

  • Omeng Tawid

    @gelina, sa Step3 Funding of account, pwede mo gawin ito kahit wala ka pang bank account. yun nga lang, over-the-counter only. kukuha kalang ng bills payment form sa branch at yun yung gagamitin mo sa bank teller.

    mas better if meron kang sariling account (for example BPI, kahit ATM account lang, or any other type actually) tapos ienroll mo online para pwede mo nang ifund ang Trading Account mo online din. :v

  • Mylene

    hello sir, interesado pokong magopen ng EIP account sa COL, kso po in filing application form medyo confused poko kng ano illagay ko. I got married last year po, pero diko papo napapaplitan ang mga docs/ID ko to married/at surname ng husband ko. Okey lng poba na ilagay ko muna sa application form na Single dahil ang mga ID na isesend ko is ung surname ko pa when im single then after kopong mapalitan ang mga ID ko update ko nlng po ang COL? wala pobang magiging issue dun? khit na when i submitted my application form im already married then i still tick the single status because of my ID?

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  • Ato Tags

    Hello sir. May expiration po ba ang account sa COL after na received mo yung confirmation?Nagamit ko kasi yung funding ko sa emergency.

  • Omeng Tawid

    Hi Ray, you can wait for the confirmation muna since that's the time they will give you your ACCOUNT NUMBER which you'll use in funding it.

  • Rey Ty

    Good day sir.
    About po dun sa funding your account.
    Need ko po ba agad my lagay ng fund after ko maipasa ang appliction o wait ko munang dumating ang comfirmation from COL?

    THANKS in advance.

  • Ryan Abellla

    Hi Omeng,

    Great poost you got here. 😀

    I want to open an account in COL.
    I have filled out all forms and are ready to be sent through LBC.

    Unfortunately, I don’t have any proof of billing statement. But I have an account in BPI, can I use the printed online bank statement as a requirement?

    Thanks,
    Ryan

    1. Rhea

      Hi, if you live near metro manila and can find time to drop by at COL’s office, i guess it is much better to walk-in to submit your application. They prioritize clients dropping by.. so your account can be processed and funded right away. 🙂

  • Omeng Tawid

    @David Cledera, you can follow the click-by-click presentation above. it gives all the steps you need to do to open an account in COL Financial

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  • Omeng Tawid

    @ian, yes you can do that, but i suggest you send scanned copies via email first to get confirmation that all your requirements are good and complete.

  • Ian Galanida

    Hi Mr. Omeng Tawid, I am from Iloilo City. For instance, after I filled up the necessary requirements and application form. Can I submit my papers through mail (LBC, etc..)?

  • Omeng Tawid

    James Ooi yes you can open online trading account with COL Financial Group, Inc.. I shared the steps in above tutorial. You can opt not to go to the Philippines but you'd need to provide the additional requirements for non-resident Foreign Citizens as enumerated above.

    Welcome to Investing in the Philippine Stock Market – Tips & Tricks! 🙂

  • James Ooi

    Omeng Tawid Thanks. If i like to open the online share trading account. Which stock broker you introduce and recommend? Do i have to go to Philippines to open the account? Do you assist people to open the account ? My email is ooigimeng@yahoo.com

  • Omeng Tawid

    @eric medrano, yes sir, as long as it uses same address you used in your application form. you can check the tutorial above for other alternatives

  • Eric Medrano Culla

    Sir, yung billing statement ba pwede ko gamitin kahit sa wife ko naka pangalan sa pinas? I am still outside the country right now.

  • Omeng Tawid

    yes sir, that's possible. there are only additional requirements in that case.
    Fill out the three forms mentioned above and add the following upon submission

    for Resident Foreign Citizens
    Photocopy of one (1) valid government issued ID
    Photo and signature must be clear
    Alien Certificate of Registration (ACR)
    or Work Permit from DOLE
    Billing Statement – Recent, no later than 3 months past

    Non-Resident Foreign Citizens
    Authentication of a photocopy of one (1) valid passport
    Photo and signature must be clear
    Proof of Income
    Billing Statement – Recent, no later than 3 months past

  • Neth Ancheta

    I am very much interested to invest in COL FINANCIAL investment program I am an investor in iutf of banco de oro.

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