Personal Development, Finance and Investing For Filipinos
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COL clients can now withdraw their funds using an Online Withdrawal Facility.
Are you investing in Philippine Stock Market (PSEi)? Do you use COL Financial as your online stock broker? I received an email from COL Financial, and they pleased to announce that beginning December 17, 2018 (Monday), you can do paperless withdrawals through your COL Account.
Follow the steps below to make your withdrawal request.
1. Log into your COL Account (visit COL Financial Website).
2. Click on "Trade" tab.
3. Click on "Portfolio" tab.
4. Click "Withdrawal Request"
Upon clicking the "WITHDRAWAL REQUEST" link, you can now fill out your withdrawal details:
STEP 1: Fill out the amount you would like to withdraw from your COL account.
STEP 2: Choose your preferred withdrawal settlement option.
Option 1: Deposit to your COL enrolled Bank Account
Option 2: Pick up a check in our Business Center in Pasig City
STEP 3: Fill in the additional details needed for your preferred withdrawal settlement option.
STEP 4: Click the "Submit" button when you are done.
Important Note: No need to submit a signed form if your account is an Individual or a Joint OR account with COL Financial. The online submission of your withdrawal request will suffice. Signed forms will only be required for Joint And or Corporate accounts and for authorized representatives who will pick-up your check.
Do I still need to submit or email a physical form?
No, you don't need to anymore.
However, for security purposes, (1) Corporate and (2) Joint AND accounts are still required to submit a signed withdrawal request form, which can be printed from the website after you submit your withdrawal request online.
How do I check the status of my withdrawal request?
Go to your "Portfolio" page, and click on "Withdrawal Status".
Can I edit or cancel my withdrawal request?
Yes, as long as the request hasn't been processed yet. Go to the "Withdrawal Status" page and click edit or cancel under the Action column.
When will I get my cash?
If the cash you are withdrawing comes from selling stocks, you can only withdraw it after three days (Trade Date + 3 days).
If you are withdrawing from your unused cash balance, you can receive your cash on the same day provided you meet the bank cut-off period.
If you have any questions or concerns about the new online withdrawal facility, you may contact COL Financial through this email address email@example.com.
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ABOUT THE BLOGGER
Ralph "Rap" was born and raised in the Philippines. A Financial Literacy Advocate. An I.T. by Profession. An Investor. A Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). A Traveler. An Adventurous. A Mountain Hiker. A Dreamer.
Currently works his way towards time and financial freedom.