COL Financial announces online withdrawal availability

COL Financial announced on Monday, 16 December 2018 the availability of online withdrawal on their website.

In a Facebook post, COL Financial said that the online withdrawal will start on Monday, 17 December 2018.

"To streamline and improve our processes, you can now submit your withdrawal requests online through your COL Account starting tomorrow, December 17, the COL Financial FB post said.

For detailed instructions on how to do online withdrawals, go to bit.ly/COLonlinewithdrawal.

I tried the online withdrawal facility, first by logging in to my COL account, select the "Trade" tab and then click the "portfolio" submenu. Go to the withdrawal request link as shown below screenshot and click. Then follow as instructed. 

The online withdrawal was a very helpful feature added to the COL website. This feature is available at BDO Nomura which I really like. It will give you the ease of getting the money directly to your registered account. In my case, directly to my BDO account.

Before the online withdrawal facility, you need to print the withdrawal form and fill the necessary details, sign and email it to COL. Then you have to wait for a few banking days before getting your money. 

I welcome this development and happy with this new feature. The negative thing I see is that it will be tempting to withdraw money at the slightest emergency if you have no emergency fund.