How to Open a CitisecOnline Account

How to Open an Account with CitsecOnline


So you want to learn and earn from the Philippines stock market? You may want to start with the things every newbie should know about the stock market. It highlights the most basic questions about the stock market, how to get started in investing, where to invest, what are some of the best blogs and online resources  when investing in the stock market. 

Steps on How to Open an Account with CitisecOnline:





1. Choose a trading/investing account 


Options available are Personal Accounts which is divided in Regular Account and the EIP (Easy Investment Program) and Corporate Accounts

a. Regular Account 
- Minimum deposit of P 25,000). 
- It is a personal trading account that be owned by a single person or jointly.

b. EIP (Easy Investment Program) 
- Minimum deposit - P 5,000
- Uses a calendared Cost Averaging Strategy. It means that you will have to follow a schedule and regular investment on the account (for example: P5,000 monthly)

2. Download and fill up the Personal Account or Corporate Account Forms

a. Personal Account Forms:
The forms contain the Individual Customer Account Information Form (CAIF), Online Securities Trading Agreement and Signature Cards. You may download all of three here

b. Corporate Account Forms:
Customer Account Information Form (Download here)
Online Securities Trading Agreement (Download here)
Signature Cards (Download here

For detailed instructions on how to fill out the Personal Account: EIP & REGULAR Account forms, click here

What are the Requirements?

3. Prepare two (2) copies of any valid ID and one (1) latest copy of your utility bill, bank statement or credit card statement.

a. Personal Account
(1) Photocopy or Scan copy of a Government Issued Valid ID
(ex. Driver's License, Passport, SSS ID, Senior Citizen ID, Voter's ID)
Important note: Photo and Signature on the ID should be clear

(2) Billing Statement - waived with a personal appearance
(ex. Utility Bill, Credit Card Bill)
Important note: Name, Address and Date should be present in the statement

b. For Corporate Account
a. Photocopy of each of the following documents duly Certified by the corporate secretary:
SEC Registration
Articles of Incorporation, Partnership or equivalent
By-Laws of the Corporation
Latest General Information Sheet (GIS) filed with the Securities and Exchange Commission (SEC)
Latest Audited Financial Statements
Notarized Board Resolution authorizing the corporation to open an account with
b. CitisecOnline and the designated officer(s) authorized to transact and trade in behalf of the corporation
c. Sworn Statement as to the existence or non-existence of beneficial owners certified by the corporate secretary
d. Photocopy of one (1) identity document issued by the Philippine Government of the authorized officer(s)

4. Submit the documents to CitisecOnline

CitisecOnline.com, Inc.
Address: 2403B East Tower, Philippine Stock Exchange Centre,
Exchange Road, Ortigas Center, Pasig City, 1605 Philippines
Note: Hard Copies of the documents are needed as the company cannot approve scanned or faxed copies of the application forms.

How to Fund the Account?

5. Fund the Account

Once your application has been approved, we will send you your 8-digit CitisecOnline account number to be used for your funding.

You can now fund your CitisecOnline Account through any of the following options:

FUNDING OPTIONSBANKS AVAILABLE
Online Banking via Merchant Payment
Bank of the Philippine Islands - www.bpiexpressonline.com
Banco de Oro - www.mybdo.com.ph
Metrobank - www.metrobank.com.ph
Over-the-Counter via Merchant Payment
Bank of the Philippine Islands
Banco de Oro
Metrobank
Over-the-Counter via CitisecOnline Business Center
CitisecOnline Business Center
2403B East Tower, Philippine Stock Exchange Centre,
Exchange Road, Ortigas Center, Philippines

*It is IMPORTANT to indicate the CITISECONLINE ACCOUNT HOLDER'S NAME and
COL ACCOUNT NUMBER when making payments to ensure proper and timely credit to your account.

Minimum Initial Deposit for EIP Account: P5,000
Minimum Initial Deposit for Regular and Corporate Account: P25,000

6. Login to your CitisecOnline Account

Once your account has been approved and funded, your log-in details will be sent to you via email.

7. Have fun investing and trading!


Should you have any investing and finance-related questions, feel free to ask me and I will try to answer them in the next Reader Asks section of this blog. 

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