Professional Documents
Culture Documents
Withdrawal FAQ
Withdrawal FAQ
Request for Withdrawal of Funds is originally a request processed by the Customer Service
through a written request form. Starting August 2014, you may now request to withdraw your
funds through the website. Upon request, these funds are withdrawn from the FirstMetroSec
account and credited to your designated bank account.
b. Option 2
Go to My Profile Account Info Withdrawal
How does this affect my FirstMetroSec account?
With this feature, new accounts will no longer have the Auto-Payout Option, or the option for
FirstMetroSec to payout any proceeds from your transactions to your Registered Settlement
Account. Also, effective November 2014, clients on the Auto-Payout Option will be converted to
Money-Stays that will retain any transaction proceeds in your Stock Trading Account.
Scenario:
August 4, 2014, Monday
Cash = P10,000
Security Sold = 500 Shares FMETF at P110 = P54.565.50 (net)
Withdrawable Funds = 10,000
b. Option 2
Another option is to place the funds in another bank account by indicating the bank, branch
and account number. Please take note that the account must have the same account name
as your FirstMetroSec account for the payment to be accepted.