MONEY MATTERS : HOW CAN I WITHDRAW MY MONEY FROM COL FINANCIAL?

In the interest of most of my friends asking about this topic, I thought of writing this blog post for FYI :) Allow me to put a disclaimer that I am a happy client of COL Financial and while I often promote their platform as an online stock broker, these articles are in no way sponsored. They're doing a good job plus I find the people, behind COL, credible - so all support! 

Investing is of course two-way. There's a time for everything, they say. While we take pleasure to set apart money for future use, there are instances that we need to take them out for good reasons.

NOTE: I tried these steps personally and I'm here to attest exiting your funds from COL is easy and convenient. Yay!

 HOW CAN I WITHDRAW MY MONEY FROM COL FINANCIAL?

Step 1: 
Download COL withdrawal form and accomplish them accordingly (PDF form, HERE)

Step 2: 

Scan or take a picture of your form and email it to withdrawals@colfinancial.com. Instruct them whether you want them to deposit the money in your local bank account or via check. 

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IMPORTANT TIPS:

♣ Contrary to what I've read on other forums, COL does not require you to send the original copy (of Withdrawal Form) to their office. It is optional not mandatory. I've called them and verified that a picture of the form with your handwritten signature will suffice.

♣ There is an auto-generated mail that you'll receive as soon as you sent the PDF form to withdrawals@colfinancial.com. To be sure, I have also typed my deposit instruction just in case my handwriting is not readable. I've included my account number, account name and bank details. They observe 11 am cut-off, FYI.

♣ For added reference, I took a picture of my PRC ID. Exposing my name, professional number and other details. Make sure that your ID is still valid (not expired).

♣ Make sure that your account accepts CHECK DEPOSITS. Since this is my first time to withdraw, I personally went to my BDO bank branch. I've confirmed that when your details have been verified by the bank, they can credit check deposits to your account.
 
♣ In case you opt to have it via check, you need to personally get it at COL office as COL does not deliver checks. COL does NOT charge fees for withdrawal transaction (fees are already imputed whenever you sell your respective stocks).

 Personal Experience.

I called their hotline and talked to Paulene, Tuesday morning. I've sent the PDF Wednesday morning. When I've checked my bank balance online the following Thursday... confirmed! Proceeds are already credited to my account. For further details, you can call 636-5411 local 184. This number is specifically for withdrawal requests. Some more details from their site HERE.

Hope this helps! :) -CMK.