Here’s how to fund your online account on GStocks PH using stock certificates
GSTOCKS PH – This article will teach you the steps on how to fund your online account using stock certificates.
GStocks PH is an online platform where investors can buy, manage, and sell their securities in companies listed on the Philippine Stock Exchange (PSE) with no annual or monthly fees.
This online platform is the online retail securities trading services of AB Capital Securities, Inc. (ABCSI) that is made accessible through the GCash app. But how can you fund your online account using stock certificates?
In order to fund your online account using stock certificates, the first step is to call AB Capital Securities, Inc. directly at its contact number (632)8898-7585. After that, an AB Capital officer will then help you check your stock certificate and will also assist you with the procedures. Remember that each stock certificate has a different set of processes.
Also, you may request a certification to prove ownership of your stocks with AB Capital Securities, Inc. through email and GCash will process it within five banking days. There will be a fee of PHP 50.
Keep in mind that AB Capital doesn’t provide the service of storing stock certificates and GCash can only fund your online account with your stock certificates.
When it comes to online stocks made into stock certificates, you have to sign an upliftment form, which will serve as your authorization to physically withdraw your stock certificate(s). The accomplished form should be sent to this email address: [email protected].
The Philippine Stock Exchange (PSE) operates under a purely electronic, scriptless trading system of the Philippine Depository and Trust Corporation (PDTC).
Your certificate will be available depending on how soon PDTC and the stock transfer agent of the particular issue are able to process your request. According to GCash, it takes “anywhere between 30 to 60 days” on average for the certificates to be released.
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