How to Purchase FAMI Mutual Fund Shares through Metrobank direct?

I love online banking because it makes my life easier and it saves me a lot of time and energy in monitoring my finances.
 

I’d like to share one way to automatically purchase FAMI Mutual Fund Accounts via online banking. Just take note that you have to have a Metrobank account to do so.
 

1. Login to your metrobank direct account.
2. To your left is the eBanking Solutions panel. Just click the “Pay Bills” link to go to the page shown below above.
3. Select your Mutual Fund from the Special Bill Dropdown list.
4. Fill up form fields in the page. Take note that the fields with asterisk (*) are required fields.
5. Choose an Account to withdraw from.
6. Enter how much money you wish to invest.
7. Select payment date.
8. Click Continue.

~Till next time

How to link your FirstMetrosec account to your FAMI account (ONLINE)

I’ve been using post-dated checks to make my transactions faster and make my investments compulsory. I’ve recently discovered that I can actually link my FirstMetroSec account to fund your FAMI Mutual Funds. And also, I can use Metrobank direct to buy shares on the day itself.

For FirstMetroSec, here’s how.

FirstMetroSec account to FAMI account.

1. Open your FirstMetroSec account and go to Forms tab.

2. Click Existing FAMI Account link. (from the list)

3. Fill up the form and send via fax to FAMI 816-0467 copy FMSBC 859-0699 or Email a scanned copy with signature to fami@firstmetro.com.ph copy customerservice@firstmetrosec.com.ph

By doing this, you can check your account anytime of the day 24/7.

How to purchase Mutual Fund shares using FirstMetroSec account?

1. Login to your FirstMetroSec account.
2. Go to FAMI tab and you will be directed to a new window.

3. Click the Buy tab. Fill up the fields in the Buy/Sell Mutual Funds. Click Review Order and Submit. Rest assured that your placement is booked on the same day if and only if you placed before 1:30pm (Manila Time). Transactions after the cut-off time will be booked the following day.

Online Banking and Its Benefits

Online banking is becoming popular to the Filipinos. I personally use it because of the benefits it gives to me.

1. I don't have to fall in line anymore

For me falling in line to deposit is an excruciating process. Most of the times I will be in the line for 15 minutes or more only to transact for 3 minutes or less. It’s quite unfair to my precious time. I don’t have to go through this when I do online banking. Just a few clicks and my money is deposited from my payroll account to my savings account.

2. Automatic transfer

I guess this is how the automatic millionaire did it. He automated his savings so that by the time he wants to use the money it’s gone and invested. As for me, I set an amount from my payroll account and transfer it to another account which I am forbidden to touch.

3. Bills payment made easy

Our electricity bill is being paid through bank transfer. So easy and convenient. No lines, no fuss, no cashier. In just a few clicks our bill is paid. Just make sure you pay your bills on time. Another thing, my insurance premium is also paid through automatic transfer. No more going to the insurance office and lesser hassle from commuting.

4. Bills payment with freebies

Aside from the convenience automatic bill payment brings to us, it can also give us some freebies. Our bank gives us foods and other stuff as rebate.

5. Credit Card payment in a flash

You can also pay your credit cards though online banking. It’s like transferring your money from one account to another only that it is your credit card.

Overall it has made our lives easier. I don't have to go out of the office to pay my utility bills and credit card bills. I can do it during my lunch time. Moreover, I will have more time to relax and have a nice lunch with my officemates and discuss matters that are more important than falling in line.

~Till then