Thread: 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

Since GN and others have resigned PIPS, i'd advise you to wait till we hear
something positive from BM. Cuz the way it's running now, nobody has an
idea if, when, how we will get paid.

Thanks, bbeyond!

Originally Posted by bbeyond

Since GN and others have resigned PIPS, i'd advise you to wait till we hear
something positive from BM. Cuz the way it's running now, nobody has an
idea if, when, how we will get paid.

My thought was, that even with the situation that we have now, I might as well open the account for my parents (around $3000) from my pips acount and let it grow anyway.
And just wait, cause there not much we can do anyway. Though I would really like to have at least the initial money back, was more then $450, ( I just passed my first six months on 100 % invest) so that i won't feel cheated.... again :( :?

Hi Jak,

My friend, i surely hope all will be well and i hope you will get your deposit
back and maybe a nice profit. I hope we all do. If you wish to invest then
why not. You're totally right, nothing is happening anyway so why not at
least try to have a chance and make some money for your parents.

I wish you luck,
Kind regards,

Andrew.

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

Thanks leonine19!
Appreciated.