How to Withdraw Funds in COLFinancial Account?

Learn how to withdraw funds in COLFinancial account. Here’s my experience on how did I withdraw some amount of money in our favorite stock trading platform – the COLFinancial. Some investors might tell you it is not ideal to get your funds in your COL Financial because your goal is to become a millionaire. Well, they are true! Absolutely true! Withdrawing your money in COLFinancial might not help you achieve to make millions in the stock market, however, if your funds will be use for other “money making ventures”, there’s nothing wrong with that decision.

By the way, congratulations! Because you are now aware how does stock market works. I think you are now knowledgeable enough on how to buy and sell stocks. In the Philippines, financial literacy “stuff” is now “active” compare to few decades ago. People aren’t aware on how to invest their money. A big thanks to our beloved financial literacy activist and registered financial planners who didn’t stop teaching every Filipinos not just here in the Philippines but around the world especially OFWs Overseas Filipino Workers.

How to Withdraw Funds in COLFinancial

Here is the step by step procedure on how to withdraw funds in COLFinancial account. You are not eligible to withdraw funds if you don’t have enough money in your “cash balance”. In your cash balance – you will see the actual balance and buying power. The cash balance is the amount you can withdraw.

Step One. Check your COL Financial Account Balance – log on and go to “portfolio”.

Step Two. Go to COLFinancial Homepage and press “Forms” – download the withdrawal form.

Step Three. Print the withdrawal form legibly, clearly and double check the spelling.

When filling out the withdrawal form, you have the option on where you want to receive your funds. Example: In my own experience, I want to withdraw my funds in COL Financial via BDO savings account. I checked my profile settings and press “change profile”. I will make sure that my bank account is BDO.

Good thing I have online banking account at BDO, no need to check the funds in ATM machines whether I received it or not yet. That’s the beauty of online banking. Thanks to BDO.

Step Four. Send the withdrawal form via email at withdrawals@colfinancial.com

You can write some description of your email message when sending the withdrawal form to their email address, here’s what I wrote;

I hereby request a withdrawal of funds amounting to P15,000 (fifteen thousand pesos only) from my COLFinancial Account (03XX-XX10) to BDO savings account as written in our profile settings.

Attached herewith is the withdrawal form. Thank you for your great services.

My Name Here
03XX-XX10

Note: Requests received after our 11:00 AM cut-off will be
processed on the next banking day.

Step Five. You will received an email confirmation regarding your withdrawal request from COL Financial. The email stated as follow;

***** Email Message Start *****

** This is an auto-response message **

Thanks for sending an e-mail to COL Financial Group, Inc.  This message is to
acknowledge the receipt of your e-mail and that we will be responding to
it shortly.

We respond to messages between Monday to Friday 9am to 5pm, Philippine
time, excluding public holidays.  We try to respond to all messages
within 1-2 business days of receipt during these times.

For any urgent inquiries, you may call 636-5411 to 24 loc 184 from
Mondays to Fridays, 9am to 5pm.

***** Email Message End *****

Wait for up to 24-72 hours, it depends upon the system and the staff or any other circumstances. If you want to make a follow up, just call COLFinancial at 636-5411 local 184 (for withdrawal).

Disclaimer: This website is not affiliated with COLFinancial. Any business names or trademarks mentioned in this website are own by their respective owners.

I will be very happy to hear from you. If you have any question, feel free to ask using the comment box. Are you a OFW, and wants to invest in the Philippine stock market? The best thing is to attend investing seminars, we have fellow Filipinos who conduct investing seminars for OFWs in Middle East such as Dubai, Singapore, HongKong, Saudi Arabia and even North America (USA and Canada) and Europe such as Italy, France and London.