Frequently Asked Question
007. Is it possible to add a second or third holder to an existing individual account to convert it into a joint account?
Last Updated 8 months ago
You cannot add a second or third holder to an existing individual account to turn it into a joint account. Instead, a new joint account must be opened.
If the primary holders of the individual and joint accounts are different, you can open a joint account while keeping the individual account. However, if the primary holder of the joint account is the same as the individual account, the individual account will need to be closed.