---
title: "Joint accounts"
description: "A joint account is one taxable account owned by two people. How to open one by inviting your co-owner, what each status means, and how to fund it."
url: https://support.alooola.com/joint-accounts
docs_index: https://support.alooola.com/llms.txt
---

# Joint accounts

> A joint account is one taxable account owned by two people. How to open one by inviting your co-owner, what each status means, and how to fund it.

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](/getting-started), 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](/fund-your-account). 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](/invite-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](mailto:support@alooola.com).