Visit the website bpitrade and click on the link “Apply Now.” 3. On the site, fill out the Online Application Form and print the documents when done. 4. Go to a BPI or BPI Family Bank branch and submit the following: printed Application Form two (2) valid IDs, such as driver’s license, passport, company ID, SSS or GSIS ID, credit card with picture, or other valid IDs acceptable to the bank photocopies of the IDs Take note that at this point, you are not making any deposit yet to your BPITrade account. 5. At the branch office, you will be asked to fill out some forms and the branch officer will verify your signatures. Once everything is complete, you will be told to wait for a confirmation email on how to fund your stock trading account. 6. The confirmation email normally arrives within 1-2 weeks. It will tell you if your BPITrade bank account has already been activated. In order to fund your account and to start trading, you will need your BPITrade bank account number. Look this up by logging on to the BPITrade website and going to the “Portfolio” menu. 7. How to fund your BPITrade online stock trading account: Branch Deposit – Go to any BPI branch and make an over-the-counter deposit to your BPI Trade bank account Through BPI Express Online – Enroll your BPITrade bank account in your BPI online banking account and make fund transfers via the internet anytime Through ExpressPhone or ATM – Enroll your BPITrade bank account to BPI ExpressPhone and ATM in order to use these facilities to make fund transfers Wire or Telegraphic Transfer – If you’re outside the Philippines, you can still fund your account by sending a money transfer via wire to your account (Swift Code for BPI: BOPIPHMM) 8. Once your BPITrade account is funded, you can now start trading stocks online! What is the minimum deposit needed to open a BPITrade account? There is no minimum amount needed to open a BPITrade account. Take note, though, that if there is no deposit balance in the BPITrade bank account, it is not possible for you to purchase stocks. Also, BPI requires that you maintain a monthly Average Daily Balance (ADB) of P500.00 so that your account won’t be charged a service fee of P200.00 per month. How to withdraw funds from BPITrade account? 1. Login to your BPITrade account. 2. On the left-hand sidebar menu, click “Services” and go to “Withdrawal Request.” 3. Fill out the withdrawal request form. Make sure the amount (in figures) you are withdrawing matches the amount (in words) on the form. 4. Your withdrawn funds will then be transferred to your designated BPI settlement account after one banking day. - See more at: pinoymoneytalk/open-bpi-stock-trading-account/#sthash.wf8g4D9A.dpuf
Posted on: Wed, 02 Jul 2014 18:02:28 +0000
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