I have stock certificates under my name but would like to lodge it to an existing Joint account. Is this allowed?
Please note that a stock certificate can only be lodged under a BPI Trade account that bears the same name of the Stock Certificate holder.
If a client wishes to lodge a certificate under a single name to a Joint account, it will only be allowed provided that the accountholders are married and the stock certificate was purchased after marriage. If the stock was obtained prior to the marriage, the certificate can only be lodged to a Single account. Clients will be asked to present supporting documents such as a marriage certificate to validate the stock purchase information.
