If you’re looking to withdraw some funds from your COL account, just follow these three simple steps:
- Download withdrawal form.
- Fill out and sign form.
- Email form to COL.
Step 1 – Download withdrawal form.
Under “Home > Forms” tab, look for the withdrawal form and click the PDF file to download.
Step 2 – Fill out and sign form.
Fill out the form. Make sure the following details are set correctly:
- The stated “amount in figures” matches the “amount in words.”
- The registered bank account is still active and that it matches your COL account details.
Take note, you can only withdraw from your free cash balances within 24 hours or profits gained 3 working days after a stock sale.
If this is a joint account, both account holders must sign the form. You can leave the rest of the form blank unless you need someone to pick up the check for you.
For check pick up…
Tick the “Check pick up” box instead of “Deposit to registered bank account” under “Special Instructions.”
Specify the identification details and make sure the representative sign the form as well. Don’t forget to provide valid identification for both account holder(s) and representative to secure the withdrawal.
Also, check payments will be made payable to account holders only and it can only be picked up at COL Business Center from 3p onwards.
Step 3 – Email form to COL.
When you’re done, email the form to COL’s accounting department at email@example.com.
If you’re a premium client, you can also send it to your designated relationship manager to facilitate the withdrawal for you.
Once your request has been processed, you should receive an email notification from COL. Expect the funds to be credited within the day.
In this article, you’ve learned how to withdraw funds from your COL account. If you have some questions, feel free to drop me a comment below.
Thanks for reading!