• 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.

Frequently-Asked Questions

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: You 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.