A Tenants by the Entireties account is owned by two married people.
The following states allow this account type: AK, AR, DE, FL, DC, HI, KY, MD, MA, MI, MS, MO, NJ, OK, PA, RI, TN, VT, VA, and WY. Non-resident aliens are not eligible for this account type.
- Cash, Cash and Margin, Cash and Option, Cash, Margin and Option
Account Minimums and Fees:
- There is no minimum funding required to open an account. However, special promotional offers may have requirements.
- Electronic funding minimum is $50.
- Margin or option privileges on account require a minimum of $2,000.
This account type is different from Community Property in that upon the death of one account holder, the other retains the right to the whole account. However, property cannot be sold to satisfy the debts of one owner.