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Account Opening Requirements

  • Updated

INDIVIDUAL ACCOUNT

Please prepare the following requirements to successfully open your account:

  1. One (1) Valid ID (*) Preferred
    •  Philsys ID *
    • Unified Mult-purpose ID (UMID) *
    • Social Security System ID (SSS) *
    • Passport
    • Driver's License
    • PRC ID
    • Voter's ID
    • Postal ID
  2. Specimen Signature. Please sign three (3) times on a white paper and take a photo

  3. Proof of Residential Address. Submit any document showing your residential address you indicated in the application form. Billing statement named another person is acceptable.

    List of acceptable documents:

    • Bank Statement
    • Credit Card Statement
    • Insurance Statement
    • Electricity Bill (i.e. Meralco)
    • Water Bill
    • Telephone or Cellphone Bill
    • Cable/Internet Bill
    • Association Dues
    • Remittance Receipt
  4. Proof of Settlement Bank Account. Provide any of the following that shows your nominated settlement bank account: 
    • Teller-validated deposit slip
    • Bank statement/ certification

Screenshot of online/ mobile banking account

  • ATM card with bank account number (Should reflect both name and bank number)

  • Passbook

    Registered Name and Settlement bank account should match the provided proof.

    NOTE

5. Active Email Address

6. Initial Deposit

  • Peso (PHP) Account - Php 1,000

  • Dollar (USD) Account - USD 100

    How to make your initial deposit?

    You may pay online through bills payment using any of our bank and e-wallet payment channels, via over-the-counter, fund transfer, and remittance.

     

     

    You may also make a deposit or transfer to any of the following bank accounts under the account name of First Metro Securities Brokerage Corporation

    • You will receive an email confirmation containing your Application Reference No. (ex. 202xxxxxx-xxxx) under subscriber number.
    • Upload a scanned copy or screenshot of the proof of transaction during application.
    • Initial deposit will be reflected in your online stock trading account on the next banking day of account activation. 
    • Once your account is activated, use the FMSBC Account Code (ex. OTAxxxx or OTxxxx-x) on the next bills payment transaction.
    NOTE

    Upload a scanned copy or screenshot of the proof of transaction during application.

     

Other requirements

For SELF-EMPLOYED Individuals:

Proof of Business. Please provide any one (1) of the following:

  • Business / Mayor's permit
  • DTI/ SEC/ BIR registration
  • GIS / AFS (with shareholder's information)

  • Owner's name should be reflected

    NOTE

Self-employed Professionals. Please provide any one (1) of the following:

  • BIR 2303 Form
  • Existing contract with clients

For EMPLOYED Individuals:

SSS/GSIS is required for all employed. Exempted are foreign investors, OFWs, students, self-employed, unemployed, and retired, and GSIS-exempted individuals (type in 0):

  • Members of the Judiciary and Constitutional Commissions who are covered by separated retirement laws;
  • Contractual employees who have no employee-employer relationship with their agencies; and
  • Uniformed members of the Armed Forces of the Philippines and the Philippine National Police, including the Bureau of Jail Management and Penology and the Bureau of Fire Protection. All government employees (including GSIS-exempted individuals) are required to submit Enhanced Due Diligence

For FOREIGN NATIONALS

JOINT ACCOUNT

In addition to the documents in opening an Individual account, kindly prepare the following documents for secondary account holder:

  1. One (1) Valid ID (*) Preferred
    •  Philsys ID *
    • Unified Mult-purpose ID (UMID) *
    • Social Security System ID (SSS) *
    • Passport
    • Driver's License
    • PRC ID
    • Voter's ID
    • Postal ID

  2. Specimen Signature. Please sign three (3) times on a white paper and take a photo.

    For joint accounts, the nominated settlement bank account must also be a joint bank account.

    NOTE

IN-TRUST-FOR ACCOUNT

For In-Trust-For (ITF) accounts, the minor’s Metrobank Fun Savers/Spark account is accepted 

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