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

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

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

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)

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.

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.

No. The other party will only be able to access the joint investment account between the two of you.

Yes. As long as the primary holder of the joint investment account is the bank account holder. In the case of joint bank accounts, the primary holder of the joint investment account must be one of the joint bank account holders.

Please note that you will not be able to perform cash account transfers out of your Joint Investment Account. Please email inv_ops@moneyowl.com.sg if you wish to perform cash account transfers into your Joint Investment Account.

1. If the secondary holder is a major (i.e. 18 years and above):
   • The Joint Investment Account will be opened immediately after the secondary holder accepts the application. Both holders must have used MyInfo to set-up their personal investment portfolio
   •  The Joint Investment Account will be opened within one or two business days after the secondary holder accepts the application if either holder manually input their information when setting up their personal investment portfolios.
2. If the secondary holder is a minor:
   • The Joint Investment Account will be opened within one or two business days.

Your Joint Investment Account application will expire after seven calendar days. You will need to re-submit the application.

Both account holders will be notified and the application will be voided. The primary holder will need to re-submit the application.

You will not be able to change your portfolio. You will need to withdraw and re-submit the application again.

You will not be able to change to another portfolio. You may decline the invitation, and inform the primary holder to re-submit the application and invitation.

Upon death of either party, the surviving party will need to provide us with the death certificate. If the surviving party is a minor, the legal guardian of the minor is required to provide his NRIC, death certificate and power of attorney. If the surviving minor does not have a legal guardian, he will not have access to the investment holdings until he turns 18 years old.

To keep the investment, the surviving party will be required to open a new investment account. The assets are then transferred to the new investment account.

To sell off the investments, there is no need to open a new investment account. The joint investment account will be turned into the estate of the deceased and subsequently sold off under the instruction of the surviving party.

The surviving party or legal guardian of the surviving minor shall indemnify us and iFAST in respect of any claim which may be made against as a result of complying with the surviving person or legal guardian’s instructions.

The Joint Investment Account will remain as it is. Should you wish for your child to take over the portfolio when he is above 18 years old, he would need to set up his own personal investment portfolio. You will have to redeem the joint investment portfolio. The proceeds will have to be invested into your child’s personal investment portfolio.