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Joint accounts

A joint account is one taxable account that you own with another person. You open it, invite your co-owner, and it opens once you've both signed.

How do I open a joint account?​

  1. Choose Joint. When you open an account, pick Joint.
  2. Answer the usual questions. They're the same as for any account.
  3. Enter your co-owner's details. Their full name and email address.
  4. Send the invitation. Tap Send Invitation. We email it to your co-owner.

What does my co-owner do?​

They open the email, confirm their identity and review the account agreements. If they don't have an alooola login yet, they create one along the way.

How do I know where it stands?​

Open the account from Home. Its page shows the current step, such as:

  • Waiting on your co-owner: they haven't finished their part yet
  • Co-owner reviewing agreements: they're reading and signing
  • Action needed: it's your turn. Tap Review & sign agreements
  • Finalizing your account: you've both signed, and we're opening it

The account can't open until you've both signed. Until then it has no settings, deposits or withdrawals.

How do I add money to a joint account?​

Make a deposit as usual, and pick the bank in the From row. See Deposits and withdrawals. Joint accounts don't have Funding switches on a bank's page.

What can each owner do?​

Both owners have full rights, including withdrawing money. Both of you see the account on Home, and both see its statements and tax forms.

Can I have more than one joint account?​

Yes, one with each co-owner. You can't open a second joint account with the same person.

Is a joint account the same as sharing with my spouse?​

No. Sharing with your spouse lets you see each other's own accounts, view-only. A joint account is owned by both of you.

Questions? Email support@alooola.com.