Security Bank provides Electronic Statements and Certificates for UITFs

Security Bank provides clients with Electronic Statements of Account (ESOA) for their outstanding investment(s) in the Bank’s Unit Investment Trust Funds (UITFs) or Electronic Certificates of Participation and Redemption (ECOP/COR) for new or additional subscriptions or redemptions.  The ESOA and ECOP/COR have been made available to clients at the beginning of the 3rd Quarter of 2018.

With ESOA and ECOP/COR, Security Bank clients can enjoy hassle-free and more efficient transactions.  No need to go to the branch to get the certificates.  The paperless confirmations of UITF investments also mean that it is easier for clients to keep track of their funds.

To ensure that clients receive electronic statements and/or certificates, they are requested to update their contact information by accessing the Security Bank website or visiting the nearest Security Bank branch.  Clients can access the customer update page at www.securitybank.com/customer-information-update/ and follow the instructions below:

  1. Click the Bank Account Details Button.
  2. The question “Do you have an existing Trust Account?” is seen under additional information. Please answer yes before filling out the form.
  3. Fill up the relevant fields on the form.
  4. For joint account holders, the primary account holder shall fill out the form with his or her details

For added security, electronic statements and/or certificates are password protected and can be unlocked by encoding client’s birthdate or incorporation date (for corporate customers) following the format: “MMDDYYYY”.  For joint account holders, the primary account holder’s birthdate is used.

Clients may still secure hard copies of the statements and/or certificates for a minimal fee of P500 per statement for Statement of Account (SOA) or P200 per certificate for Certificates (COP/COR).  Charges have been in effect since July 1, 2018.

Security Bank earlier informed its clients of the changes in a customer letter dated March 27, 2018.

For more information on Security Bank’s UITFs, visit www.securitybank.com/uitf/.

 

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