how to open an account for my parents
Please advise on the procedure to open an account for my parents using my Picpay money. I understand that i have to change my investing % from 100% to 0% till I get the amount that i want to open my parents account with.
Is that correct?
What are the next steps???
How to move that amount to my Picpay?
Should I open a new Picpay for my parents first, and then move the amount there? How it is done?
Or can I open a Pips account for my Parents directly without a Picpay account for them?
Confused!!! :? :? :? :oops: :oops: :oops:
Thanks
Re: how to open an account for my parents
Quote:
Originally Posted by jak
Please advise on the procedure to open an account for my parents using my Picpay money. I understand that i have to change my investing % from 100% to 0% till I get the amount that i want to open my parents account with.
Is that correct?
What are the next steps???
How to move that amount to my Picpay?
Should I open a new Picpay for my parents first, and then move the amount there? How it is done?
Or can I open a Pips account for my Parents directly without a Picpay account for them?
Confused!!! :? :? :? :oops: :oops: :oops:
Thanks
Hey Jak:
Once you have the sufficient funds in your account, you need to withdraw it to your Picpay account. To do that: Go to Account Manager in your back office. From there: Choose My PIPS Account, and under that, you'll find the withdrawal button.
Then you can set up the account for your parents, and pay for it from your own PICPAY Account.
Hope this helps :D ,
Fira