There are 3 requirements that you need to provide:
1- Any valid ID issued in the Philippines (Driver’s License, Passport, SSS ID or PRC ID).
1.1- Old Passport (green): scan with the last page where it shows your signature.
1.2- New Passport (maroon): scan, print then sign anywhere on the side.
Note: Make sure your photo and signature are clear
2- Billing Statement
This is required for OFWs to waive our personal appearance.
2.1- Utility Bill Credit Card Bill or Bank Statement (this will do if you don’t have any of the first two)
Note: Make sure the Name, Date & Address (should match with your office address) is present.
3- Application Form
3.1- Go to www.colfinancial.com
3.2- Click OPEN AN ACCOUNT
3.3- Download the forms
3.4- Print out the forms
3.5- Then fill it out (in legible block letters)
3.5.1- SSS/TIN: For OFWs, this is not required. Though it would be better if you have one.
3.5.2- Residential Address: Use your current address abroad.
3.5.3- Bank Account Details: This must be a local bank (RCBC, MBT, BPI, BDO, etc) that will be used for withdrawal purposes. But if you don’t have one yet, you can leave this blank and inform the agent that you will send them the details as soon as your bank account is active. But you can also use this account to fund your COL account in the future.
If you live in Dubai, you can open a bank account from:
For BDO, at Al Ghurair Exchange (reqt: passport copy, 2 ID pictures, 100 dhs)
For BPI, at Satwa, a newly opened branch, near Chowking (reqt: passport copy, 1 picture, 50 dhs)
3.5.4- Postal Address: Use your office address with P.O. Box
3.5.5- Signature Specimen: Make sure all your signatures are the same with the signature in your ID that you will send them. Make sure there are no discrepancies with your strokes.
3.5.6- Signature Requirement: Tick ANY ONE (for INDIVIDUAL and JOINT OR). ANY TWO (for JOINT AND)
3.5.7- Notices: Use your office address
When you have already completed your documents, the next steps will be to:
1- Scan all the documents.
2- Send to helpdesk@colfinancial.com for verification. (It is important to have it verified first before you send the hard copy thru courier).
3- Send your documents thru courier if COL already gave you a GO signal. (This usually takes 3 days before your documents reaches them).
Head Office
24th flr. East Tower, Philippine Stock Exchange Centre,
Exchange Road, Ortigas Center, Pasig City
1605 Philippines
4- You will receive an email with your Reference Number and that the account is now ready for funding.
2 ways of funding your account through BPI, MBT and BDO:
1- Over the counter.
1.1- You may want to ask your mom/brother/sister in the Philippines to do this for you.
1.2- Ask them to send you the confirmation slip thru email (can be scanned copy or take a
photo of it from their cellphones)
1.3- Send the confirmation slip to a COL agent
Wait for COL’s email for your password.
Congratulations! You are now ready to buy your first
stocks.
PS: Got kids? You might want to open an account for them, too. Write your name as the PRIMARY ACCOUNT HOLDER, and write your kid’s name for SECONDARY ACCOUNT HOLDER.
Happy Investing!
Special thanks to ate Ivy for this! Weeeee!!!
(http://astudentoflife.wordpress.com/2012/05/29/opening-a-col-account-for-ofws/)
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