CDS Account for Couples & Families — Complete Guide
Many clients ask "can I open a CDS account for my spouse?", "can we use the same email or phone number?", or "how do I deposit money into my spouse's CDS account?". This article answers all questions about managing CDS accounts for spouses and family members.
Important Fact: There Is No "Joint" CDS Account
In Malaysia, CDS accounts are individual — each person can only have one CDS account per broker. There is no concept of a "joint account" or "shared account" for CDS, unlike joint bank accounts.
This means: Husband and wife need to open separate CDS accounts individually. Each account has its own Client Code, login credentials, and portfolio.
Opening a CDS Account for Your Spouse
If you want to open a CDS account for your wife or husband, the process is the same as regular registration:
- Go to akauncds.com — Use your spouse's details (name, IC, email, phone)
- Enter Invitation Code DADY — So your spouse's account is also registered under Mahersaham
- Use your spouse's own email — Each CDS account requires a unique email address
- Complete the Spouse Details section — Fill in spouse information in the designated section of the form
Special Requirements for Housewife / Unemployed
If your spouse is a housewife or not employed:
- Source of income: Select "Spouse" or "Others" in the income source section
- Employment details: Enter "Housewife" or "Not Employed" in the occupation section
Can You Use the Same Email / Phone?
You cannot use the same email for two different CDS accounts. Each CDS account requires a unique email address. If the husband is already using a personal email, the wife needs to use a different one.
Solution: Create a new email (e.g., free Gmail) specifically for the spouse's CDS account.
Phone Number
You can use the same number for registration, but it is not recommended. OTPs and notifications will be sent to the same number, which can cause confusion. It's best to use individual phone numbers.
Depositing From Someone Else's Bank Account (3rd Party)
This is one of the most common issues:
Important Rule: Deposits to a CDS account must come from a bank account with the same name as the CDS account holder. Deposits from another person's bank account (including spouse) will be marked as PENDING and will not be processed automatically.
What Happens If You Deposit From Your Spouse's Account?
- The deposit will show Pending Confirmation status
- M+ requires manual verification before releasing the funds
- You need to contact M+ or your remisier to help with the verification process
- This process can take 1–3 business days
Best Solution
- Transfer to your spouse's bank first — Move the money to your spouse's bank account, then deposit to the CDS from the matching bank account
- Ensure matching names — The bank account name and CDS account name must match
Managing Multiple Family CDS Accounts
Tips for families with multiple CDS accounts under Mahersaham:
| Item | Recommendation |
|---|---|
| App login | Each family member should log in to the M+ app on their own phone |
| Email notifications | Use different emails for each account so notifications don't get mixed up |
| Password | Each account has its own password — don't reuse passwords |
| Client Code | Record each family member's Client Code for easy reference |
| Mahersaham Bot | Each family member needs to verify individually at the Mahersaham bot |
Transferring Shares to Family Members
If you want to transfer shares from your CDS account to a family member's CDS account (e.g., child or spouse):
- Use the Bursa Anywhere app — Bursa Malaysia's official app allows share transfers between CDS accounts
- Both accounts must be active — Both the sender and receiver accounts need to be active
- Fees may apply — Check current share transfer fees with M+ or Bursa Malaysia
Closing a Spouse's CDS Account
If your spouse wants to close their CDS account:
- Sell all shares in the portfolio first
- Withdraw all funds from the trust account to the bank account
- Fill in the closure form — Walk in to an M+ branch or request the form from the Mahersaham team
- Submit the signed form — The form must be signed by the account holder
CDS Account for Children
To open a CDS account for a child under 18 years old, you need to use a Junior Trading Account:
- Parent / legal guardian will be the trustee
- Additional documents are required (child's birth certificate, parent's IC)
- Read the full guide: Junior Trading Account — Teach Kids to Invest
Frequently Asked Questions
Can husband and wife use different remisiers?
Yes. Each CDS account is individual. The husband can be under Mahersaham while the wife is under a different remisier (or vice versa). However, to get full access to the Mahersaham platform, both accounts need to be registered with the DADY code.
Can the husband manage the wife's account?
Technically, if the husband knows the wife's login details, he can log in. However, legally, each CDS account is the responsibility of the registered owner. Any transaction is considered to be made by the account holder.
If the wife is not working, what should the source of funds be?
You can write "Spouse" as the source of income. This means the investment funds come from the working spouse.
Can I deposit money for my wife from my bank account?
Technically yes, but the deposit will remain in Pending status until manually verified. The best approach: transfer to your wife's bank account first, then deposit from her own bank account.
How do I change the email on a CDS account?
You need to fill in an Updating Particulars form (physical form) and submit it to M+ or walk in to the nearest branch.
Need help? Contact our team at t.me/mahersahamplatform for any questions about family CDS accounts.
This article was written by Wan Mahersaham, a registered M+ Online remisier, as a reference for families looking to start investing in stocks together.