Here are the steps to take in opening an account with COL Financial:
Step 1. Determine which kind of account you would like to open: COL Starter, COL Starter Plus or COL Premium.
COL Starter is an entry-level account suitable for long-term investing which requires a minimum investment of only Php5,000.00. COL Starter Plus is for active traders and requires a minimum investment of Php25,000.00. COL Premium is for the premier investor and requires a minimum investment of Php1M.
Step 2. Either fill out COL’s Online Application HERE or Download, print and fill out the required forms HERE. (Please read How to Properly Fill Out COL Forms). For opening an account for minors, please refer to this GUIDE.
Impt. NOTE: You need to have a TIN. To apply for one, pls click HERE.
Step 3. Attach a photocopy of a valid:
a. Philippine ID (e.g. Passport, SSS, Driver’s license, Voter’s ID) (Important note: Photo and Signature on the ID should be clear)
b. Billing Statement (e.g. Credit Card bill, Utility bill, Bank Statement).
– The Billing Statement could be under the name of parents, siblings or spouse as long as the Surname is the same as the applicant’s.
– For OFWs who don’t have any Billing Statement, a copy of Employment Contract showing the current address would suffice.
– All other documents to show proof of address in the absence of Billing Statement are subject to approval.
(Important note: Name, Address and Date should be present in the statement. It must be recent, no later than 3 months past)
Additional Documentary Requirements:
For Resident Foreign Citizens: Alien Certificate of Registration or Work Permit from DOLE
For Non-Resident Foreign Citizens: Authentication of a photocopy of Passport Proof of Income
Step 4. Submit in person or mail (courier) all the documents to:
COL Financial Group, Inc.
2403-B, East Tower, Philippine Stock Exchange Center,
Exchange Road, Pasig City 1605 Philippines
OR you may also have the forms picked up by COL’s messenger if you are within the metro. Simply make a request by calling their hotline 6515888.
Step 5. Wait for confirmation/approval from COL via email.
(Waiting period could be from 3-6 days from the time the application was received. Please check your Spam folder if you have not received the email within this period, or follow it up with the head office by calling up their hotline 6515888 or emailing firstname.lastname@example.org).
You will be given a COL Financial account number via EMAIL which number you will then use in funding your account.
Step 6. Once approved, you may start funding your account via the options listed below.
(Note: For personal appearance, you may deposit your initial investment directly with the Business Center Cashier upon submission of your application.) Please read ‘How to Fund Your COL Account‘.
a. Online Banking (Online Bills Payment). Pls read ‘How to Enroll COL for Online Funding‘
BPI – www.bpiexpressonline.com
BDO – www.mybdo.com.ph
Metrobank – www.metrobank.com.ph
b. Over-the-counter Bills Payment BPI, BDO or Metrobank branches
c. Business Center Cashier COL Financial Group, Inc. 2403-B, East Tower, Philippine Stock Exchange Center, Exchange Road, Pasig City 1605 Philippines
* CHECKS should be payable to COL Financial Group, Inc.
(Note: It is IMPORTANT to indicate the COL FINANCIAL ACCOUNT HOLDER’S NAME and COL ACCOUNT NUMBER when making payments to ensure proper and timely credit to your account.)
Step 7. Once your account has been funded, your log in details (COL username and password) will be sent to you within 24-48 hours via email. (By experience, the waiting period for the log in details is 3-5 business days).
Step 8. Once you have received your log-in details, please wait another 24 hours before your funds become available for you to start buying stocks (as recommended by Bro. Bo Sanchez in his Stocks Update). Please read ‘How To Buy Stocks’ for tutorial.
Step 9. Fund your account regularly (monthly). It does not matter how much you deposit, as long as it is REGULAR. That is what Bro. Bo Sanchez wants for his Truly Rich Club members – that you grow your investments to enjoy financial freedom when you retire.
Thanks and God bless,
P.S. 1. COL Financial, Inc. is the recommended Stock Broker of Bro. Bo Sanchez to all his Truly Rich Club members. The TrulyRichClub is a membership Club that he had created to help people achieve Financial Wealth and Spiritual Abundance. It is a private group of individuals who have decided to do something about changing their beliefs and thinking—to gain the abundance mentality they need to change their lives forever. Bro. Bo provides them with the right tools, principles, and strategies to grow in their financial and spiritual life.