The following are the most frequently asked questions and their answers about using our joint investing account.

Any US resident who is 18 or more years old can share a joint account with a spouse, a partner, another family member, or a trusted friend.

However, because this account is legally binding, we recommend opening it with someone you trust.

Unfortunately, we don’t yet support custodial accounts with minors.

Currently, you can only be an owner of 1 joint investing account with Robinhood. If you close your joint investing account, you cannot reactivate it. You also can’t currently open a new joint account with a different co-owner after closing a joint account.

Check out Get started for how-to steps.

It may take 5-7 days to review your application and get your account open.

Tips toward a faster application process:

• Confirm you’re both individual account holders before signing up for a joint investing account.
• You both have the same tax certification status.
• Only 1 owner can start the process to apply (send the invite). As the primary owner, be sure you enter the same email address your co-owner has on file on their existing individual account to avoid delays.
• Your investor profile is up-to-date.
• You use the joint investing invitation link within 30 days to prevent your application from expiring.

You can’t convert an individual investing account into a joint account because it’s a different type of account with co-owners. Instead, you can open a joint account, and transfer money to the joint account from your individual investing account.

Just a few of the features include:

• Joint ownership helps you invest together toward shared goals.
• Makes it easier to manage your shared assets with equal and secure access as joint owners.
• Helping your co-owner learn more about investing.

Check out About joint investing for more details.

No, you currently cannot transfer stocks or ETFs from your individual investing account to your joint investing account.

To switch between accounts in the app, select the down-arrow next to Investing at the top of the screen, and then select the account you want to view.

You can also use Search (magnifying glass) at top right to search for joint accounts.

If your joint account activity requires a 1099 or 1042-S tax form, it’ll be provided separately from the consolidated 1099 for your individual account. A 1099 or 1042-S generated for a joint account will only show the name and SSN or TIN of the primary co-owner (who initiated the joint account application). Keep in mind, this may be subject to change if either owner’s tax status changes throughout the life of the account, which would automatically update for tax reporting purposes. We’re unable to make changes outside of these circumstances based on tax reporting rules.

For unmarried co-owners, there may be tax implications, such as:

• Transferring assets to your joint account may result in a change in ownership of 50% of the assets.
• A change in ownership of the shared assets may affect the cost basis used to determine taxable gains or losses.

Robinhood doesn’t give tax advice. Consult with a tax professional for questions regarding the tax implications of transferring assets with a co-owner you’re not married to.

There’s no subscription to Robinhood Gold required for the joint investing account. As a joint account owner, if one of you subscribes to Gold, then both you and the other owner get the Gold APY rate for cash sweep for your joint account and some of the other Gold features. For more details, check out What’s Robinhood Gold?

If a joint account owner doesn’t subscribe to Gold for their individual investing account, they won’t get the Gold APY for their individual account but only for their joint account.

If both joint account owners are subscribed to Gold in their individual investing accounts, then both also get the Gold APY rate for their individual accounts.

Yes, you can use margin within your joint investing account just like with your individual account. To get started, make sure you’re using the latest version of our app, and then either owner can request to enable margin investing. The other owner will then need to also approve margin investing for it to be enabled.

No, options cannot currently be traded or held in a joint account.

No, crypto cannot be traded nor held in a joint account at this time. You’ll need to use your individual investing account for buying and selling crypto.