Quantcast
Channel: LearnFinancialEducation.com » UITF
Viewing all articles
Browse latest Browse all 7

How to Invest in Unit Investment Trust Fund (UITF) through BPI Express Online

0
0

Before you invest in UITF, I have written an article about it several months ago. Just read it here before investing your money so that you can have better idea about this kind of investment.

Most banks these days offer different types of investments such as mutual funds, insurance and UITF. In addition, BPI and Metrobank have their own stock broker company catering for those people who want to buy and sell stocks.

 

If you are decided to invest in UITF, it is easier to open an account if you already have a BPI Express online (EOL) account. If you have a BPI account and you want to enroll in Expressonline, you can see this post to learn more.

UITF

I personally like BPI because they make it easier for people to open an account even if you are outside of the Philippines like me and many OFW around the world. The only thing you need is your BPI account with internet banking and a printer so you can print afterwards your application and then send it through regular mail from your current place.

 

The whole process of opening a UITF account may only take 30 minutes or less depending on your knowledge about investing and UITF. You have to answer some questions so that BPI will know what type of investor are you. Don’t worry there are no wrong answers!

 

Like what I said in my previous article, UITF is one good investment you can try if you are working abroad as an OFW or you don’t want to leave your employment but you want to start something that can give you money in the future.

 

Here are the steps to follow when investing in UITF through BPI Express Online. I hope you understand this outline.

 

1. First of all, you need some requirements before opening an investment account can be successful. You need your BPI Express online account and a printer. If you still don’t have internet banking with BPI, you can enroll first your bank account online and after that you can open UITF through the internet.

 

2. If you have those 2 things, you are ready to open a UITF account with BPI. Visit www.bpi.com.ph  and log in to your BPI EOL account. Then go to “Investment” tab. It looks like this:

 

bpi login

 

BPI UITF

 

3. After clicking the button for UITF, a new window will appear like the one below. Simply follow the procedure as indicated on the diagram to make your application smooth and easy. Click the “Continue” button on the bottom to proceed on the next step where you will input some personal details.

 

uitf diagram

 

4. After completing your personal information, you need to answer several questions about investing , your preferences and risk profile about investment. The window will appear like the one below.

 

risk profile

 

When you completed all the needed requirements and information, you have to print the application form and send it to the BPI office address indicated on the form. It may normally take one week processing to be able finish your application.

 

UITF is one kind of investment that can be started by people like you and me who wants to make money work for them. It is an investment better than time deposit in regards with the return of investment is concerned.

Moreover, you don’t need big amount to open a UITF account. Most banks only require P5,000 to P10,000 as initial deposit to be able to start with your account.

So what are you waiting for? Start now and reap the harvest of your invested money in the near future!

 

Photo Credit: Howard

About the Author:

GilGily Tenorio is a blogger, a husband, a father, and an active Christian. He likes playing guitar, C.S. Lewis, Plants and Zombies and NBA. Follow him at Facebook, Google+, YouTube and Twitter. Thanks!

 


Viewing all articles
Browse latest Browse all 7

Latest Images

Trending Articles





Latest Images