How to Open an Account with COL Financial for Stock Trading in the Philippines

Many people, particularly young ones wait too long to start investing for their future. Unfortunately, I am part of those people who didn’t realize the value of starting their own investments in their early years.

I’ve recently hit three zero this year and imagine that I’m just starting my own investment?! I didn’t realize to invest at my early age.

My first investment lasted for about a year (from 2013-2014). It was a BPI Mutual fund, which didn’t turn out quite well. Though I’m still earning an (unrealized) income from it, but then I became fully aware that I could be making more than what I’m getting in Mutual Fund if I invested my money in Stocks. So that triggered me to stop it and decided to close my account in BPI and shift to Stock Investments in COL Financial.

Today, I will be sharing my experience on how I opened an account with COL Financial (formerly Citisec Online) for stock trading.

In this post, I’ll break down each step on how you can have an account with COL Financial to start your investing in Stocks.

Also, remember, if some things are not clear, don’t hesitate to leave a comment. I will make sure to answer all your questions.

Are you ready? (I can hear the clamoring!) Then, here we go!

1. Download and Fill out the COL Financial Application Form

Visit COL Financial Official Website and on the navigation menu, click on the “Open an Account” link to start your application.

You have two (2) options in filling out the application forms.

How to Open an Account with COL Financial for Stock Trading in the Philippines Image 1

A. Download and Print all the COL Financial Application Forms.

You need to print and fill out the three (3) application form. Links are provided below for easy reference.

A.1. Customer Account Information Form (CAIF)

A.2. Online Securities Trading Agreement

A.3. Specimen Signature Cards

For Specimen Signature Cards, it is required to print and sign two copies of it.

Or you could try the next option.

B. Fill out the COL Financial Online Application Form.

You can also try the online registration provided by COL Financial. I find it easier and much convenient because I don’t have to write everything in the application form.

To start the registration, go to Customer Account Information Form and start typing all the required fields.

The first page requires personal information, these are:

  • Your complete name (Lastname, Suffix ex JR., First Name and Middle Name)
  • Gender
  • Birth Date and Place of Birth
  • Citizenship
  • Contact Numbers (Residential Phone Number, Fax Number and Mobile Number)
  • Email Address
  • Complete Residential Address
  • Civil Status

How to Open an Account with COL Financial for Stock Trading in the Philippines Image 2

Press “Next” after filling out the details to proceed to the next page.

The next page of Customer Account Information Form asks about some additional Information and Disclosures. Fill them out correctly.

How to Open an Account with COL Financial for Stock Trading in the Philippines Image 3

After the second page of the CAIF, press again the “Next” button to proceed to the next and last page.

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Click “Save” once done. If you need to change any information that you’ve entered in the previous page, just click on the “Previous” button to move from one page to another.

Once finalized, you can click the “Submit and Print”.

How to Open an Account with COL Financial for Stock Trading in the Philippines Image 5

When the screen showed you the image above, read the message carefully because this includes a very important information. It will give your Tracking Number as a proof that your registration is successful. The Tracking Number is also sent to your email if you missed it.

As also indicated in the message, make sure to print the application form and sign the signature fields.

You can retrieve your Customer Account Information Form by using the Tracking Number given to you.

To retrieve your Customer Account Information Form, go to Customer Account Information Form (CAIF) and enter correctly the Tracking Number given to you before then press the “Retrieve saved registration”. This will load your previously filled out Customer Account Information Form (CAIF).

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2. Prepare the Additional Requirements

For your application to be processed, you need to submit some additional requirements.

FILIPINO CITIZENS
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
IN-TRUST-FOR (ITF) ACCOUNTS
  • Photocopy of one (1) valid government issued ID of the parent
  • Photo and signature must be clear
  • Birth Certificate of the minor applicant
  • Duly-signed ITF Supplementary Agreement (Download here)
  • Billing Statement – Recent, no later than 3 months past

For In-Trust-For Accounts (ITF) requires Duly-signed ITF Supplementary Agreement Form.

Submit your requirements to COL Financial

After you have completed all the additional requirements, submit it to COL Financial. You have a two options how to submit your requirements. You can send it through snail mail, here’s their address:

COL BUSINESS CENTER
2403-B East Tower, PSE Centre
Exchange Road, Ortigas Center,
Pasig City, Philippines 1605

You can use the local post office or express mail delivery system such as LBC or DHL.

Or you can drop by their office, if you prefer. The address written above is where you should submit your requirements and application form.

When I opened my own account in COL Financial, I made sure that I will personally bring the requirements and the check for funding my own account so that I can personally clear my mind with the questions that’s bugging me about COL Financial and online Stock investing.

In case you want to see their office, below is the screen shot of a map to serve as a guide.

How to Open an Account with COL Financial for Stock Trading in the Philippines Image  2014-12-07_19-12-31

Once you arrived at The Philippine Stock Exchange (PSE) Building, go to the East Tower Elevator. If you’re having a hard time, simply ask the Security Guards or the Receptionist and they will gladly help you with the directions.

The COL Financial Business Center is on the 24th floor of The Philippine Stock Exchange (PSE) Building. When you’ve reached the 24th Floor, leave the elevator and look at their directory. The COL Financial Business Center is at Unit 2403B. You can easily locate the room since it’s properly numbered.

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When you arrived at the COL Financial Business Center, go to the “New Accounts” table. A COL Financial Customer Representative will assists you in opening your COL Financial Account.

Hand him/her over your Application Forms (Customer Account Information Form (CAIF), Online Securities Trading Agreement, Specimen Signature Cards or the Customer Account Information Form if you filled out the form Online.) and your recent billing statement.

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If the COL Financial Customer Representative finds nothing wrong with your application and requirements, it will be approved. You will then be given your own unique COL Financial Account Number.

You will also receive an email confirmation that your application has been approved together with your COL Financial Account Number.

COL Financial Email Confirmation 1

Your COL Account is an 8-digit number and serves as one of the log in requirement for your COL Financial Account online.

Now that you have your COL Financial Account, to start investing in your chosen blue chip Stocks, transfer funds right away.

3. How to fund your COL Financial Account?

There are several ways how to fund your COL Account. There’s Online Bill Payment which can be easily done in a few clicks of your mouse or thru your smart phone. Over the Counter Bills Payment which is done by visiting your bank and making a “bills payment” under the COL Financial name. You can also drop by their office (just like what I did) and give them personally your fund to your COL Financial account.

They also have the option for the OFW who wants to invest in Stocks. This is done thru the iRemit.

Some additional information on the methods of funding your account is written below:

Payment Methods
ONLINE BILLS PAYMENT Bank of the Philippine Islands (BPI) (Click here for instructions)
Banco de Oro (BDO) (Click here for instructions)
Metrobank (Click here for instructions)
OVER-THE-COUNTER BILLS PAYMENT Bank of the Philippine Islands (BPI) (View sample payment slip)
Banco de Oro (BDO) (View sample payment slip)
Metrobank (View sample payment slip)
COL BUSINESS CENTER 2403-B East Tower, PSE Centre Exchange Road, Ortigas Center, Pasig City, Philippines 1605
OVERSEAS REMITTANCE Banco de Oro (BDO) (Click here for instructions)
iRemit (www.myiremit.com)The iRemit option has the following benefits:1. No need to send a receipt to COL Financial
2. Faster crediting time
3. Less charges

In my case, since I don’t want to bring a large amount of cash due to security reasons, I decided to just write them a check. If you chose to visit their office to personally hand them over your fund to your account, they will be requiring you to fill up the “Details of Client’s Deposit”.

The Details of Client’s Deposit is simply a long white envelope with prints on its back.

How to Open an Account with COL Financial for Stock Trading in the Philippines Image 20141113_143053

You will be instructed to put your payment (Cash or Check) inside the envelope (Details of Client’s Deposit) and bring it to their Cashier which is also in their Business Center.

After making your payment and receiving the receipt, then you’re free to go.

Your COL Financial account will be activated after one (1) to two (2) working days. An email is also sent as a confirmation.

COL Financial Email Confirmation 2

The email confirmation sent by COL Financial HelpDesk contains your Account Details (Account Number and initial Password). The password can be changed to whatever you like in their website after you logged in for the first time.

After completing all the steps above, you are now ready to make money on your chosen stocks. You can buy any stock you want listed in the stock market right away!

Just remember that your money is a fragile resource, so handle it with care.

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Ben Daggers

is the creator of BenDaggers.com. He graduated from Adamson University (Philippines) with a Degree in Bachelor of Science in Accountancy dating back 2009 and earning his MBA in Polytechnic University of the Philippines. He is currently employed as a General Accountant in a well known Global Business Process Outsourcing. He enjoys learning new things. He consumes his spare time in front of his Computer with Adobe Photoshop and Dreamweaver.

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