If you do not have a bank account, you can indicate in this field "Will Pick-up Check in COL's Ortigas Business Center". This would mean that when you request for a withdrawal, you will pick up a check in COL's office located in 24th Floor, East Tower, Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City, Philippines 1605.
The local (Philippine) bank account detail in COL's account application form is for your withdrawal purposes.
When you will make a withdrawal from your COL account, our Accounting Department issues a local check payable to the COL account holders. Individual accounts' check will only have one (1) payee while Joint accounts' check will have two (2) payees indicated. For In-Trust-For (ITF) accounts, only the parent's name will appear on the check.
COL Financial has an extra service of depositing your check to your local bank account upon request. If you choose to avail of this service, COL will then deposit it to your indicated local bank account. Kindly make sure that you local bank account can accept a check deposit and that the account holder/s are consistent with your COL account.
NOTE: If there is a failed attempt to deposit the check, a charge of P25 will be debited from your COL Financial account.
If you wish to update your bank details in the future, click here to know our bank update process.