The procedure for opening an ITF Account is basically the same as the standard application (you can follow the steps in 'How to Open a COL Account').
The difference would be the following:
1. In filling out the form, the parent would be the Primary Account Holder and the minor would be the Secondary Account Holder. In the signature portion, the Primary signs on the first line and the name of the minor should be written on the second line.
2. An ITF (In-Trust-For) Supplementary Agreement must be accomplished as part of the application form.
3. Photocopy of the following should be submitted together with the application form.
For Principal:
1. Any government ID
2. Billing Statement (for non-appearance)
For Minors:
1. Birth Certificate
Note:
The Primary Account Holder needs to be the biological parent of the minor. Otherwise, adoption or court papers showing appointment as the minor's guardian have to be presented.
Once the beneficiary reaches the age of majority, the Primary Account Holder may convert the account into either:
1. a Joint Account with the beneficiary; or
2. an Individual Account under the beneficiary's name.
Thanks & God bless,
P.S. 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. To join this elite Club, click here.
Note:
The Primary Account Holder needs to be the biological parent of the minor. Otherwise, adoption or court papers showing appointment as the minor's guardian have to be presented.
Once the beneficiary reaches the age of majority, the Primary Account Holder may convert the account into either:
1. a Joint Account with the beneficiary; or
2. an Individual Account under the beneficiary's name.
Thanks & God bless,
P.S. 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. To join this elite Club, click here.
in the customer bank account details, does the minor need to have an ITF bank account as well to be put in the form? or ok lang ba na bank acct detail lng ng primary holder ang ilalagay?
ReplyDeleteHi. No, you or the minor don't have to have bank acct. And even if you have, you may choose not to write it down on the form.
Deletenice blog!
ReplyDeleteHi! Greetings! I have a few questions..
ReplyDelete1. Do I have to fill out the CUSTOMER BANK ACCOUNT DETAILS in the CAIF???
2. What should I send, the ORIGINAL or the PHOTOCOPY (Birth Certificate)???
3. Lastly, what is the procedure in transferring your account to the beneficiary?
THANKS!
Greetings!
ReplyDeleteThis is Mabel Roque, Customer Relations Officer from COL Financial Group, Inc. I’ll be the one to assist you regarding your Account Opening with us.
For the Account Opening, Below are the List of Requirements:
All account openings should have the following:
Customer Account Information Form (CAIF)
Online Securities Trading Agreement (OSTA)
Two (2) Signature Cards
Minimum deposit of COL PLUS – Php 25,000 / COL Starter – Php 5,000 / COL Premium – Php 1,000,000
*Note: Forms should be duly signed and properly filled out. No scanned or photocopy will be accepted. Erasures should have counter signatures or an amendment letter.
I. Filipino – included OFWs & Self-Employed
Non Face to Face
Clear Photocopy of (1) valid Government issued ID by the Philippine Government
o Note: Photo & Signature is important
o Note: Check that the birthday should be the same on the form
o Note: All signature in all forms must be consistent with the ID submitted
o Note: Kindly sign twice the copy of ID.
* Gov't issued ID's: VALID (Clear photocopy, back to back and sign the copy twice)
1. Passport
2. Unified ID
3. Driver's License
4. TIN ID (with picture)
5. SSS ID
6. Voter's ID
7. Senior Citizens ID
8. Philhealth ID (with picture)
9. Postal ID
10. GSIS ID (with picture and address)
* Secondary ID's: VALID (Clear photocopy, back to back and sign the copy twice), Provided with a clear copy of Birth Certificate or Marriage Certificate
1. Company ID
2. School ID
3. NBI / Police Clearance
Billing Statement
o Note: Lessee should still have a letter from the Lessor
o Note: If no bills under your Name, you may submit a copy of current bill under Parent’s or Sibling’s Name
o Note: Address must be consistent in all forms with the Proof of Billing submitted
* POOF OF BILLING: current photocopy
1. Phone Bill
2. Electric bill
3. Water bill
4. Cable bill
5. Internet bill
6. Insurance Policy
7. Bank statement
8. Credit card bill
9. Passbook with address
10. Club membership statement of account
11 . Club Association Statement of account
** FOR ITF Account opening, you may just prepare a clear photocopy of the Minor's Birth Certificate
*** TIN number is required for the Primary account holders. Any Individual ages 18 years old and above, who will invest will be required to get a TIN number, In case you do not have an existing TIN, you may refer to the BIR’s website ( http://www.bir.gov.ph/reginfo/regtin.htm) on how to procure one. Self-employed individuals, mixed income earners, and employees may also procure their TIN through the BIR’s eRegistration System ( https://ereg.bir.gov.ph/ereg/welcome.do).
You may scan and email to me first all your duly filled-out forms and complete requirements so that I could check it before you send it out to me via courier.
Sincerely,
MABEL D. ROQUE
Customer Relations Officer
COL FINANCIAL GROUP, INC.
2403-B East Tower, PSE Centre
Exchange Road, Ortigas Center
Pasig City 1605 Philippines
Mobile No.: +63928-9373000
Fax No.: +632 636 3512
maribel.roque@colfinancial.com
www.colfinancial.com
I'm opening an account for my niece. But I want to be in control on how the money will be invested. Is it possible for me and the parents to be the primary account holder?
ReplyDeletehi, if i want to open an account for my godchild? will that be possible?
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