Opening Joint Investment Accounts

Both account holders have equal access to submit buy or sell requests, editing the transaction (e.g., monthly investment amount). The other party will be notified when the request was submitted.

It is a pre-requisite for both parties to set up your MoneyOwl user account and Personal Investment Account before opening your Joint Investment account. You will need to decide who will be the primary and secondary holder for the Joint Investment Account. The primary account holder will initiate the Joint Investment Account opening process. For primary holder:

1. If you are our existing investment client:
   • Log in to your MoneyOwl Account
   • Under Investment and Savings Card> Select one of the portfolios
   • Click on ‘Add Portfolio’> Select ‘Joint Account’ Card> Select ’18 and above’
   • Fill in Secondary Holder’s details (Last 4 characters of NRIC/ Passport, relationship with primary holder & MoneyOwl registered email address) and proceed accordingly
2. If you do not have a MoneyOwl account and/or Personal Investment Account:
   • Set up your MoneyOwl User Account
   • After creating a MoneyOwl account, click on Start Investing under Investment & Savings Card and proceed accordingly.
   • Once your Personal Investment Account has been opened successfully, you may follow the steps below to create Joint Investment Account:
   • Log in to your MoneyOwl Account
   • Under Investment and Savings Card> Select one of the portfolios
   • Click on ‘Add Portfolio’> Select ‘Joint Account’ Card> Select ’18 and above’
   • Fill in Secondary Holder’s details (Last 4 characters of NRIC/ Passport, relationship with primary holder & MoneyOwl registered email address) and upload the necessary document(s) and proceed accordingly

For secondary holder: Log in to your MoneyOwl Account and accept the invitation for the Joint Investment Account to start investing. Please note that it is a pre-requisite to have set-up a MoneyOwl user account and a personal investment portfolio.

The primary holder is required to open a MoneyOwl Account and Personal Investment Account. Please prepare the minor’s birth certificate/NRIC or passport (foreigners). These documents are required for the Joint Investment Account opening.

1. For primary holders who are already our existing investment client:
   • Log in to your MoneyOwl Account
   • Under Investment and Savings Card> Select one of the portfolios
   • Click on ‘Add Portfolio’> Select ‘Joint Account’ Card> Select ’Below 18’ for the age of secondary holder
   • Fill in minor details as a secondary holder and upload the necessary document(s)
2. If the primary holder has no MoneyOwl user account:
   • Set up your MoneyOwl User Account.
   • Log in to your MoneyOwl Account and click on “Start Investing” under the “Investment & Savings” Card.
   • A personal investment portfolio will be recommended upon completion of the investment journey. You do not need to fund this portfolio if your intention is to create a Joint Investment Account.
   • Once your personal investment portfolio is opened, you may follow the steps below to set up your Joint Investment Account:
   • Log in to your MoneyOwl Account
   • Under Investment and Savings Card> Select one of the portfolios
   • Click on ‘Add Portfolio’> Select ‘Joint Account’ Card> Select ’Below 18’ for the age of secondary holder
   • Fill in minor details as a secondary holder and upload the necessary document(s)

Yes. The minor will need to be the secondary holder. We will only take investment instructions from the primary holder.

You will not be able to convert from an existing Personal Investment Account to a Joint Investment Account. You will need to set up a separate Joint Investment Account. Alternatively, you can redeem all investment holdings in your Personal Investment Account and invest the proceeds into your Joint Investment Account.

Yes, you can open multiple Joint Investment Accounts with the same or different party for your different investment goals.

No. A Joint Investment Account is only available between two parties.

No. Only cash can be used for Joint Investment Accounts.