Advertisement

Anonymous

17 Oct 2020

∙

General Investing

Hi! may i know if it's possible to own more than 1 joint account with SGX? (for example, having a joint account as a son/daughter with a parent, having another joint account with another parent etc)?

son/daughter is above legal age limit
parent has not much investing experience and is comfortable with son/daughter investing their shared monies
is it possible to have a joint account with a friend? (friend, boyfriend, girlfriend, fiancé, fiancée etc)

2

Discussion (2)

What are your thoughts?

Learn how to style your text

Elijah Lee

17 Oct 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

From what I know, there isn't really any issue to have multiple joint accounts, although I have not seen any yet. You could have husband and wife, and husband and son, for example. As long as both individuals meet the requirement, the joint account can be opened.

There is also no requirement as far as I know for any proof of relationship to open a joint account, although I doubt anyone would just open a joint account with an acquaintance.

Reply

Save

Lee John

15 Oct 2020

That's a unique case, you may want to contact cdp.

Reply

Save

Write your thoughts

Related Posts

Hi all, may I know after bonus issue has been issued, it only reflects on sgx account, how am I going to sell it all as it is not reflected on my brokerage account (dbs vickers) ?

Hi! Has anyone created joint account on IBKR? I have been having issues setting the joint account up, where can I get help and is it possible to set up? Thanks!

Hi everyone! Is it possible for me to sell some SGX stocks (bought using DBS Vickers cash upfront account) through my Standard Chartered trading account?

I'm planning to sell some of my US stocks and the funds will be transferred back into my ocbc 360 account as USD. May i know is it possible for my ocbc 360 account to receive in terms of USD or i have to change the currency to SGD first?

If i open a new account with either IBKR or Tiger, may I know if this new account can use to sell my SGX shares held in my name in CDP and my USD stocks bought via Phillips Cash Management acct?

Related Products

Moomoo Singapore

4.7

486 Reviews

From $0

MINIMUM FEE

0.03%

TRADING FEES

Custodian

STOCK HOLDING TYPE

Saxo Markets

4.5

962 Reviews

Syfe Trade

4.9

128 Reviews

Related Posts

Hi all, may I know after bonus issue has been issued, it only reflects on sgx account, how am I going to sell it all as it is not reflected on my brokerage account (dbs vickers) ?

Hi! Has anyone created joint account on IBKR? I have been having issues setting the joint account up, where can I get help and is it possible to set up? Thanks!

Hi everyone! Is it possible for me to sell some SGX stocks (bought using DBS Vickers cash upfront account) through my Standard Chartered trading account?

I'm planning to sell some of my US stocks and the funds will be transferred back into my ocbc 360 account as USD. May i know is it possible for my ocbc 360 account to receive in terms of USD or i have to change the currency to SGD first?

If i open a new account with either IBKR or Tiger, may I know if this new account can use to sell my SGX shares held in my name in CDP and my USD stocks bought via Phillips Cash Management acct?

Advertisement