Sunday, May 11, 2014

How to open in COL Financial for OFW in Singapore (iRemit)

Last March 2, we attended iREMIT seminar about Financial Literacy at Bayanihan Center. The seminar wass limited to only 100 people, we are lucky that we are able to attend. There's free food and giveaways too.

We heard great tips from Chairman of COL Financial Mr. Edward Lee and other good speakers. The seminar was so informative, we learned a lot from them and we are looking forward to attend more seminars like this.

So, here's how to open COL Financial account for Overseas Filipino Workers in Singapore
  1. Check their website - Go to COL website

    Makikita mo dito lahat ng detalye about signing up COL account. You can choose your account type. The COL Starter minimum investment is 5,000 and the COL Premium minimum investment is 25,0000. First is to fill out COL application forms you have an option to choose their online application form or download forms. Please note that the signature fields and Tax Identification Number(TIN) is required.

    We choose to fill out online application form.
  2. Prepare the requirements - One valid ID and billing statement

    We submitted one recent billing statement from our Sunlife Insurance (note: the billing statement should be rencet and no later than 3 months past) and a photocopy of one (1) valid government issued ID.

    We submitted two ID's our Philippine passport ID and SSS ID.
  3. Go to Lucky Plaza and submit forms and requirements to iRemit Singapore

    Please double check your printed forms, signatures and documents before heading to Lucky Plaza.  Ms Meyshel refer Ms. Ailyn to us since naka leave siya para i-submit un mga requirements. She checked all the documents and inabisuhan kame to wait for the confirmation email.
  4. Wait for the email and fund your account at iRemit office
    In just after two weeks, we received an email confirmation. Please check below for more information about the next step.

    In order to activate your online account and begin investing, you will first need to fund your account through any of the following payment options:

    1. Online Banking through Bills Payment with our partner banks

    BPI (
    BDO (
    Metrobank (

    You can also make over-the-counter payments with the same banks above but please ensure that (1) Check payments must be made out to "COL Financial Group, Inc" (2) Please indicate your COL account holder's name and account number in the payment slip of the bank to ensure proper and timely credit to your account.

    2. Over-the-counter deposit at the COL Financial Business Center
    Please make checks payable to: COL FINANCIAL GROUP, INC.
    2403-B East Tower, Philippine Stock Exchange Centre,
    Exchange Road, Ortigas Center, Pasig City, 1605 Philippines
    Customer Helpdesk Hotline: +632 6-515-888
    Operating Hours: 9am to 5pm Monday to Fridays

     3. Overseas Remittance with our accredited facilities
    iRemit (

    Once we have confirmed receipt of you payment/deposit, we will send you an activation email with your password so you can access your account and start investing.
  5. After funding your account - wait for another email :)

    Please note: Your password will be sent to your email 2 –3 business days after funding.

Some of the pictures I have during the iRemit seminar
Happy investing, don't forget #aralmunabagoinvest


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