How to Withdraw Funds from Citiseconline

Withdrawing funds from Citiseconline is as easy as depositing fund for your account, just make sure that the fund you are withdrawing is a stand-by fund in your account for three days.

Ever since I opened my account at citiseconline, this is the first time that I tried to withdraw part of my funds from them.  I just want to make sure that withdrawing my funds from them don’t have a lot of hassle.  My officemate once asked me if it’s not hard to withdraw your money from citiseconline so I have to try so we will know.

To withdraw funds from your account, just fill-out the “Request for Withdrawal of Funds” form which can be downloaded from Citiseconline’s website and fax it to them (their fax and telephone numbers are written on the withdrawal form).  Make sure to call and verify if they have received the fax you sent.  If you have sent your request before eleven o’clock in the morning, they can process your request within the day and release the cleared fund the next day.

You have the option of receiving your withdrawn amount through check and pick it up at their office or you can request them to deposit it in your bank account.   Take note of the check 3-day clearing requirement if you request to deposit your fund at banks other than Bank of the Philippine Islands (BPI), Banco de Oro (BDO) and Metrobank.  Don’t worry, there’s no charge whatever means you opt your fund will be given to you.

In my case, I requested Citiseconline to deposit my withdrawn amount to my bank account and when I checked my account the following day after I faxed the request for withdrawal, the money was already credited on my account.  Isn’t it great?  Thank you Citiseconline. 

How to Start Investing/Trading in the Stock Market

I have talked to some friends who have been interested in investing in the stock market for a long time it's just that, they don’t know how to start.  Well, I told them, if you’re really serious in getting involved with the stock market, have the extra money to invest or trade and you are willing to take the risks (which can actually be managed), getting started is just simple.

The only thing you have to do is to open an account with a stock broker.  It is the only way anyone can transact business with the stock exchange.

There are a lot of licensed stock brokers in the Philippine Stock Exchange, you can visit the PSE website and click on the trading participants to get the complete list.  The list is really long that if you’re new in the stock market, it would be a headache to choose which stock broker you are going to transact to so this is where information from friends and some research can help.

In my case, I chose the stock broker recommended by Bro. Bo of Truly Rich Club which is the Citiseconline.  I'd been reading books, articles and newsletters written by Bro. Bo, in fact, it is from his writings that I learned about the stock market so it's just natural for me to follow his recommendations.  But of course, before I opened my account with Citiseconline, I did my own research.  I browsed their website and attended the free seminars they offered and so far, two years after opening an account with them, I’m satisfied with their services.

Once you have opened an account with a stock broker, you can now buy your first shares of stocks of any listed company you want to.

Happy investing everyone.