Opening an account with an online broker (Citiseconline)

Steps in being able to use an online broker (I'll use Citiseconline because this is what I use, and what I have experience in but feel free to try others. There's First Metro Sec and BPItrade.)

*edit: For people living in Cebu, First Metro Sec has an office beside Metrobank - Fuente. All you need to do is open a savings account with Metrobank (minimum balance I think is P2,000.). Ask them where Norman Go is or just ask them where the office for First Metro Sec is and apply there.

1. Get Electronic banking to be able to fund your Citiseconline (COL) account.

2. Once approved by the bank (usually takes 3-5 working days if sa BDO), download and print the forms from here: COL Forms

Print out and fill-up the following: Individual CAIF, Trading Agreement, Signature Cards (2 copies)

*make sure nga ang email address you will put is your main one. They will call you and also send an email once approved na imo account.

3. Prepare 1 photocopy of a valid Philippines Government issued ID (driver's license, passport, SSS)

4. Prepare a recent billing statement (ako migo, since wala siya iya own billing statement, used sa iyang mama. As long as same address with your gov't. ID) because dili man ta maka personal appearance ngadto.

5. Send these documents via courier to the following address:

CitisecOnline.com Inc. Business Center 2403-B East Tower, Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City, Philippines 1605

6. Once sent, wait for 3-5 days. They will call AND send you an email if approved naka. They will then give you your account number. This is what you use to fund your COL account.

Payment via online banking:

1. Bank of the Philippine Islands (BPI)

Enrollment Process:

1. Log on to www.bpiexpressonline.com

2. Enter your username and password

3. Under Payments & Reloading, click Bills Payments, click Enroll all other Bills

4. Enter your BPI account number and Joint Account Indicator No.

5. Under Bill information, select CITISECONLINE.COM INC. (COL) or COL FINANCIAL GROUP, INC.(I think ila gi change, so check lang) as the enrollee merchant

6. Enter your CitisecOnline account number (8-digit code username) on the space under Reference Number

7. Click Submit

Payment Process:

1. Under Payments & Reloading, click Bills Payment, click Pay Bills Today

2. Under Pay, choose your CitisecOnline Account

3. Enter the amount

4. Choose a BPI account from where payment will come from

5. Click Submit

* You should receive a confirmation email from BPI if payment was successful.

2. Banco de Oro (BDO)

Enrollment Process:

1. Login to www.mybdo.com.ph

2. Click the Add Company/Biller icon

3. Fill-out the Enrollment Details and choose the Channels or electronic banking services where you may want to pay your bills in the future. Click Submit.

4. Click OK when the confirmation dialogue box appears

Payment Process:

1. Click the Pay Bills icon

2. Fill-out the Payment Details, choose your Payment Schedule, click Submit.

3. Click OK when the confirmation dialogue box appears

* You should receive a confirmation email from BDO if payment was successful.

3. Metrobank

No enrollment needed.

Payment Process:

1. Login to www.metrobank.com.ph

2. Under eBanking Solutions, click Pay Bills

3. Under Special bill, select CITISECONLINE.COM, INC or COL FINANCIAL GROUP, INC.(I think ila gi change, so check lang)

4. Enter your COL account number under Subscriber/Account Number

5. Enter your Phone No.

6. Choose the Metrobank account from which the payment will come from

7. Enter the amount

8. Select Immediate Payment

You should receive a confirmation email from Metrobank if payment was successful.

Once you have funded your account, you will receive an email from COL with your account number and your temporary password.

You can now enter citiseconline.com/ citiseconline.com.ph/ colfinancial.com