Convert a personal account to a joint account

A joint account is owned by two account holders and can be used by either one of them. Any OANDA personal account can be converted to a joint account once the individual account holder initiates and authorizes this process.

The OANDA login username, email address and security question stay the same when an account is converted to a joint account
The standard withdrawals policy still applies: funds will be returned to the same bank account where the funds originally came from
If both parties already share a joint bank account, this policy should not affect them
joint account hero - ocan

Setting up a joint account

It’s easy to set up a joint account. Simply follow the steps below:

  • One account holder must already have an OANDA account
  • The second account holder must register for an OANDA account. Register online by completing our application form
  • Both account holders need to fill out and return the joint account agreement to us. Place both of your initials beside the form of ownership (definitions are below)
  • Email accountid-ca@oanda.com requesting a joint account. Attach the completed joint account agreement, and include both account numbers in your correspondence.

Form of ownership: Definitions

In section six of the joint account agreement form, place both of your initials beside either joint tenant or tenants-in-common. Please note: OANDA will only enforce percentage ownership in the event of the death of one of the account holders.

Joint tenants

In the event of the death of an account holder, the surviving account holder will own an undivided 100% interest in the account.

For example: Joe and Charlie open their account as joint tenants. If Charlie dies, Joe automatically owns 100% of the account.

Tenants-in-common

In the event of the death of an account holder, the surviving account holder receives a designated percentage, with the rest going to the deceased account holder’s estate. You must indicate the percentage interest of each account holder.

For example: Joe and Charlie open their account as tenants-in-common and specify a 30% interest for Joe and 70% for Charlie. If Charlie dies, 70% of the funds in the account go to his estate, and Joe retains a 30% interest in the account.