It isn’t too difficult.
If starting your investing journey this year by buying stocks is on your to-do list, then you will need to first start off by opening a couple of accounts.
Stability is one of the things that are hard to find where finances are concerned. Overseas Filipino Workers should look for this quality first in whatever endeavor they have when they entrust their hard-earned money to others. Col Financial OFW prides itself in having optimum value for the OFW’s money, their premium services, and their efficient customer service. More than 100,000 people trust and maintain their accounts at COL Financial.
A client can open a maximum of 3 accounts under the exact same name. Each new account will still be subject to the usual account opening process and approval. Hence a new application form must be submitted for each new account opened.
You can open COL Financial Account in Two Option, Online or Off-Line with in the COL Financial Branches, near to your house.
In my case I open COL Financial Account in Makati Branch.
- Steps:
- Go to the nearest COL Financial Branch in your City. Inform the COL Financial officer that you’re going to open a trading account.
- Fill out the Account Opening Form
- Submit the forms and other requirements to the bank officer for verification/validation
- COL Financial officer will give you a Password and Username
- Deposit ₱5,000.00 to the Accredited bank of COL Financial
1. Choose your account type
Ready your requirements
- 1 valid government-issued ID
- Tax Identification Number (TIN)
- for locally employed, self-employed, & foreign citizens
- Click here to learn how to apply for a TIN
Additional requirements (if applicable):
- For non-resident foreign applicants: 1 valid passport
- For resident foreign applicants: 1 valid passport and
- Alien Certificate of Registration (ACR) or Work Permit from DOLE
COL gives people three different options depending upon the amount of money that they want to have in their account. In addition, they can also choose among these three options according to their expected or desired financial activity in their account.
COL STARTER (Minimum Investment: ₱5,000.00)
People can open a starter account which requires a minimum investment of ₱5, 000.00. True to its name, this is the ideal account type for those who are newbies when it comes to investments. People can test the waters first through this account type. Then, they can decide whether they are contented with the results or if they want to take their financial investment activity to a higher level. Through this account, people will gain access to the basic reports so they can learn more about investments and financial activities.
COL PLUS (Minimum Investment: ₱25,000.00)
If people want more than just the basic account type but still unsure if they want to go all out, then the COL Plus account if perfect for them. Just fill out the COL Financial account application form and deposit ₱5, 000.00 or more as investment. If they have decided to invest their time aside from their money and decided to be active in the financial processes, then they should go for the Plus account. Plus account investors will also get live reports and streaming critical details through this account.
COL PREMIUM (Minimum Investment: ₱1 Million)
Investors can go premium if they want all the best things that COL can offer. All they need is a minimum investment of ₱1 Million and then take full advantage of a personal relationship manager dedicated to the account. In addition, they will have free access to all the information and data that COL has.
2. Fill out our application forms
- Visit: www.colfinancial.com/ape/final2/home/open_an_account.asp
- Download Application Forms
- Download and print out our application form.
- Completely fill out all forms:
- Customer Account Information Form (CAIF)
- Foreign Account Tax Compliance Act (FATCA)
- The Online Securities Trading Agreement (OSTA) should be read and kept by the account holder
Can Foreigners and Filipino Abroad Open COL Account?
Yes! Both Filipinos and foreigners can open a COL account. Once they have chosen their desired account type, just fill out the application form which is available for download from the COL Financial website. Then, prepare required documents. These are the requirements for different investors.
3. Prepare additional requirements
- Photocopy of a valid ID with clear photo and signature for Filipino citizens
- Photocopy of a valid ID plus an ACR or Alien Certificate of Registration or DOLE working permit for resident foreign citizen
- Authenticated photocopy of valid passport with clear photo and signature for non-resident foreign citizens
- Photocopy of one valid ID of the parent with clear photo and signature plus the birth certificate of the applicant for ITF or In-Trust-For account.
4. Submit forms and requirements
Submit application form and required documents to any COL Financial or iRemit branch.
You may personally submit originally signed forms and clear ID documents to COL Financial or through iRemit branches.
- COL Financial Addresses:
- (COL Business Center) 2403B East Tower, PSE Centre, Exchange Road, Ortigas Center, Pasig City 1605, Philippines.
Telephone Number: (+632) 651 5888 - (COL Investor Center – Makati) Ground Floor, Citibank Tower, Valero corner, Villar Streets, Makati City 1227, Philippines.
Telephone Number: (+632) 478 2954 / (+632) 478 3316 / (+632) 478 3275 - (COL Investor Center – Davao)
2nd Floor Robinsons Cybergate, J.P. Laurel Ave., Bajada, Davao City 8000, Philippines.
Telephone Number: (+6382) 287 8192 / (+6382) 287 8193 / (+6382) 287 8194 - (COL Investor Center – Cebu)
Unitb205 Axis Entertaiment Ave, Vibo Place, N. Escario St., Cebu City 6000
Email Address: cebu@colfinancial.com
- Office Hours
Monday-Friday, 8:30 am to 5:30 pm
You may also send the originally signed forms to COL Financial’s Business Center. Once we receive your documents, a sales officer will review your application and schedule a video conference call for information verification.
Payment Options – COL Financial List Supported Banks
COL Financial gives people options on where they want to have financial activities.
- Bills, bills, bills. Investors can pay their bills online through BPI or Bank of the Philippine Islands, Metrobank, BDO or Banco de Oro, and AUB or Asia United Bank. They can enjoy the convenience of online bill payment through the COL Financial mobile app as opposed to actually standing in line and waiting for their turn to pay their bills.
- Miles away. Even when investors are miles away, they can easily make money remittance through BDO or iRemit. iRemit offers real time crediting at an affordable price.
- The count. Investors can also pay bills old school style. They can make OTC or over-the-counter bills payment through BDO, BPI, AUB, or Metrobank branches.
- COL Financial Group, Inc. Video List:
The COL Financial Promise
COL Financial pledges to provide exceptional services and genuine care for investors’ financial welfare.
- Online Portal. COL Financial is easily accessible through its official website, www.colfinancial.com. It allows you to perform different financial tasks with your account at the time and place upon your convenience.
- Rich Research. COL believes in the importance of intense research when it comes to finances. This is why all the experts gather and do their best to come up with the best possible financial solutions, processes, and programs.
- Anytime, Anywhere. Investors can access their COL Financial portfolio anytime, anywhere. They can monitor their investments and plan their actions in the future to maximize their COL investments.
- Go App. COL Financial offers an app that investors can download to make banking and investing easier. This is for Apple mobile device users.
- Ready for Battle. Investors get invitation to different forums and briefings for their investment strategies. Educational articles and other learning materials are available for investors.
- High and Low. Higher earnings as the result of low commission rates await the investors. With lower commission, investors receive more. With continued investment education, they will recognize opportunities that they need to grab and decisions that they need to make.
- Support System. Communication is made easy for the convenience of the investors. Just remember the contact number to call – (632)651-58888 for information, counsel, questions, and suggestions or email via: helpdesk@colfinancial.com.
Aside from personal accounts, corporate accounts namely Corporate Account Plus and Corporate Premium Account are also available. Now, both people and companies can invest their money through COL. COL Financial.
Have something to add to this story? Share it in the comments.
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Hello sir I am in UAE, Can I apply for Stock trading account in Philippine? Please reply me sir i am wating your reply.
YES! the requirements are listed above, you can submit the forms directly to the broker’s office, you can have it sent via courier.
As their requirement you can mail theme with scanned copies of application for final verification if complete e before you can mail via courier service.
What is the email Address of COL Financial, Do you have the email address?
Hi Carzdgr8t col email address helpdesk@colfinancial.com
its so inconvenient to open an account by mailing stuffs. aren’t these people in the 21st century?
Hi Ramel Gonzales, please visit: http://www.colfinancial.com
Good eve,can I ask?Im willing to invest in col financial.and want to buy some stocks in the philippines.Im married here in japan.but I want to put in secondary or ITF the name of my daugther in the philippines.It is ok to put in secondary the name of my daugther?and I have other question,foreigner can allow to invest in col financial?I Have a japanese friend here.and he want also to invest in col financial and want to buy also stocks in the phil.how about the tin number and the bank of japanese?coz he dont have a tin number and bank account… Read more »
Hi Mary Grace, you can put your daughter as ITF as long as she still minor, regarding with Japanese friend he still need to get a TIN number and open a local bank account in Philippines.
For opening an account in COL. Its necessary to have a bank account first, or i can mention NA in my application? Because am still using my PNB Account from my previous company in philippines and am in dubai now. thank you.
Hi Chris, it not necessary to have bank account but its advisable since you will need it when you withdraw money from your Col account or else you have to pick up the check at their office when you withdraw. since you mention that you still using your PNB account from your previous employer you can use it as long the account is active, or you can just update it later.
Hi! I’m trying to find the COL App in App Store, to no avail..is it really availble as bullet Nos. 4 under The COL Financial Promise above “This is for Apple mobile device users”…can you please enlighten me with this…btw i’m just new to stocks investment, please excuse my ignorance. tyia.
Hi Richmond you can’t search Col App in App store you have to log in Col website and theirs a link there can direct you to download the App. nice to hear that you start investing its really nice decisions
Hi im gerard from uae. About the verification. They told to do video chat, unfortunately skype is not working in uae. Whats should we do thanks
Hi Gerard kindly call or email Col Financial about this they might have alternative way to to verify you.
Hi! Want to open a COL account, but I dont have bank accound under my name. Im here in Uae. Can I use my Mother’s bank account for for withdrawal?
Hi Renz, bank account should be under your name.
Hi. Can we send the application forms via iremit branch? If yes, any branch here in al ain? Thanks for reply
Hi, anybody can refer me to an I remit branch in Dubai, had tried Day Exchange in Rigga but no avail as they are no longer accepting requirements.thanks
Hello mam/sir,
How long will it take for COL rep. to review the application? I sent my application form last month. It’s almost a month passed but havent received any email yet regarding the application. Thank you
Hi Im Melinda I want to open but I dont have Philippine passport and tin number I have only accnt number under my name .is it posible to apply online
hello, mam/sir
Could i ask if pssible to open a account if i have only a valid passport and valid document here as a foreign citizen, the TIN number i hve bfore, before is lost 13yrs ago while am working in our country, the BIR eReg? supposed to rtrive my TIN number is Unavailable..
wat other mode to get and newaccount… i hve account in BPI to years ago as mutualFund notyetclose, we hve here bdo,iremit. . i am in Europe.
thankyou..
Hi! I am very keen into opening my COL account. Do I have to use the same form if I currently reside in Australia? Hoping for your response. Thanks
Hi Shane, Yes you can you use the form. I use the form here in Doha.
Gaano po katagal hintayin confirmation , nag registeer ako online. 5days na po pero wala pa ring email. Nag message na ko sa email nila pero walang response. Thankyou po!
Good day,
OFW po ako dito sa Qatar ask ko lang po kung pwede ang ID sa SSS?. expired na po kasi driver license ko.
Thanks po.