Joint accounts
A joint account is owned by two or more people, with shared access and typically shared liability. It is useful for couples or partners managing money together.
Consider how decisions and withdrawals are authorised, and what happens if one holder wants out.
Corporate accounts
A corporate or entity account is opened in a company's name and requires business documents: registration, ownership, and authorised signatories.
These are common for funds, firms, or trading businesses and involve more paperwork than individual accounts.
- Joint: shared access and liability
- Corporate: entity documents required
- More verification steps
Verification and control
Both types require identity verification for all relevant parties (KYC). Define who can trade and withdraw to avoid disputes.
Our account-verification guide covers the KYC steps that apply to all account types.
With multiple owners, agree on authorisation and withdrawal rules in writing before funding a joint or corporate account.
Frequently asked questions
Can a joint account be changed to single?
Usually only by closing or restructuring the account per the broker's process and possibly new agreements.
What documents does a corporate account need?
Typically company registration, proof of address, beneficial ownership, and ID for authorised signatories. Requirements vary by jurisdiction.