In one of my posts, I mentioned that I’m investing for my son’s future because I opened an ITF or In Trust Fund Account in COL before the year end.
The requirements of IN-TRUST-FOR (ITF) Accounts
Customer Account Information Form (CAIF)
Online Securities Trading Agreement (OSTA)
Specimen Signature Card (Sig Card)
ITF Supplementary Agreement
Minimum Initial Deposit P5000
Photocopy of one (1) valid government issued ID of the parent- Photo and signature must be clear
Birth Certificate of the minor applicant
Billing Statement - Recent, no later than 3 months past (waived with personal apperance)
I brought photocopy of my ID and my son’s birth certificate + the P5000 initial deposit. While waiting I filled out all the forms needed for application. When my number was called, I submitted everything and after few minutes, we’re done. I've deposited the P5000 in their cashier before leaving the office.
How to Open an Account in COL Financial
How to Open an Account in BPI Trade