So here's how to withdraw your funds with COL Financial in three (3) easy steps:
1. Make sure you have the cash in your portfolio to withdraw. According COL:
An individual can withdraw the proceeds of a stock transaction sale in three days (T+3) after a stock is sold subject to the procedures on the withdrawal of funds. An unused cash balance longer than three days dormant can be withdrawn anytime thereafter, allowing for one day notice with a cut-off time of 12 Noon to prepare the check payment for that day.
2. Download, fill-up and sign the Fund Withdrawal Form, indicate that you want the funds deposited to your registered bank account - this is the bank account you've nominated when you applied for your COL account.
2. Download, fill-up and sign the Fund Withdrawal Form, indicate that you want the funds deposited to your registered bank account - this is the bank account you've nominated when you applied for your COL account.
Log-in to your COL account and go to Home > Forms > WithdrawalFund.pdf
Sample of filled up and signed Fund Withdrawal Form
3. Email withdrawals@colfinancial.com your request, make sure you've attached the signed Fund Withdrawal Form.
....and you're done!
COL will send a confirmation email and you just have to sit and wait for the funds to reflect in your savings account.
Cheers,
Kenny
Kenny
Anyone else done this? Is there transaction fee for this transfer from Colfinancial to your BPI savings account?
ReplyDeleteHi Unknown,
DeleteWe've personally tried this on our own COL account.
As far as we can remember there was no fee for transfer from COL to BPI. You can double check this with COL just to be sure.
Thanks,
The Filipino Investor
Good article. Thanks for the info.
ReplyDeleteThanks Anonymous. :)
DeleteHow many days until they could transfer the amount?
ReplyDeleteIf we remember correctly, it took 1-2 business days.
DeleteCheers,
The Filipino Investor
i don't remember the bank account that i registered , how can i checked what account is it?.
ReplyDeleteHi Unknown,
DeleteWe're not sure in this case. It would be prudent to contact COL support for your question.
Hotline: 6-515-888
Email: helpdesk@colfinancial.com
Hi.
DeleteYou can check what bank you nominated for COL proceeds by logging in to your COL Account and click HOME then go to CHANGE PROFILE and click EDIT. In the Bank Details portion you will see the bank account you nominated, you can change that is you wish so.
Hope this helps. Happy investing!
thank you for the response, i already withdraw some of my funds, just an info for those who want to withdraw , you can use your phone camera if you don't have a scanner its acceptable just make sure its clear and readable. btw @maria teresa i thought it was may mother who responded lol, you have the same name but my mom has h (theresa)
DeleteDo I still need to sign the form? The one labled with Primary Account Holder, signature over printed name. If so, how do I sign it? I don't how to put my signature in a PDF file.
ReplyDeleteHi Diana,
DeleteIn our case, we still signed the PDF document through Adobe Acrobat PDF tool. Our version allows us to type and draw the signature in the PDF document. We are not sure that all PDF readers have this option though.
Hope this helps,
Filipino Investor
Can I just scan my form and e-mail it to COL? I don't have an Adobe Acrobat PDF tool, so I can't sign the PDF document I downloaded. I tried downloading the Adobe Acrobat from the Adobe website but it says I need to pay first before I can download it.
DeleteHi Diana,
DeleteYes that should work. :) Scanning a document with an actual signature (your method) is actually better than an electronically created signature via the acrobat tool (our method). Just depends on what tools are available per person.
What to write on the id type no.?
ReplyDeleteWhat if I wanted to cancel my withdrawal request, how do I do that?
ReplyDeleteincase of joint account, do we need both signatures or the primary account holder signature will do?
ReplyDeleteI believe you need both signatures just like opening a bank account. Just to be sure hit them an email at helpdesk@colfinancial.com
DeleteI believe you need both signatures just like opening a bank account. Just to be sure hit them an email at helpdesk@colfinancial.com
DeleteCan i withdraw directly from COL financial office?
ReplyDeleteYes, you definitely can.
DeleteCan i withdraw all of my funds?
ReplyDeleteYes you can assuming you were able to sell all your stocks.
DeleteGood day, @Filipino Investor
ReplyDeleteI know this kinda out of the thread, im planning to open an account in COL, but i dont have a bank account, how am i going to withdraw it?
is there any options? thanks
Hi Anonymous,
DeleteIn this case, it seems your option is to drop by their office and withdraw your funds. Or if you have the time and extra funds, you can open a savings account with the major banks, I think they require around 2k or 3k for initial deposit.
Good day. What banks are acceptable if i chose to be deposited in bank account? Is Eastwest bank account ok?
ReplyDeleteHi. Is there minimum account to withdraw your money from col?
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Great article. I learned lot of things. Thanks for sharing.
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