Money Talk: How To Withdraw Funds from COL Financial

The first thing I ask prior to investing in the Philippine Stock Exchange through COL Financial is how to withdraw my funds.

So, here is it:

Step 1 - Fill out the withdrawal form. (Download here)

Step 2 - Send your withdrawal form thru:

• Fax: 634-6958 / 687-5459
• Email: withdrawals@colfinancial.com.
• By standard mail to their address: 

  2403B East Tower, Philippine Stock Exchange Centre,
  Exchange Rd. Ortigas Center, Pasig City 1605 Philippines

You can call their telephone number (636-5411 local 184) to track your withdrawal request.

Step 3 - You can pick up your check in their office or you can have it deposited to your bank account. Usually it takes 2-3 banking days if you choose to deposit it to your bank account. If you submit your form to their office before 11AM, you can get the check in the afternoon.

But since you are investing, it is better not to withdraw your funds to grow it bigger and you can retire a millionaire :-). Remember the 4 Golden Rules in Investing.

Important reminder: You can only withdraw amount from your account if it has stayed there for 3 days. Meaning if you sell your stocks now, you have to wait for three days before your request for withdrawal will be process. Then another 2-3 days if you want it deposited to your account.

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