Yes, many people choose to enroll for multiple Max accounts. For example, some couples choose to open separate accounts for individual vs. joint accounts to keep funds separate or to maximize FDIC insurance coverage. You might want to set aside funds for different purposes, such as setting up one Max account for an emergency fund while keeping another for meeting capital calls / receiving fund distributions.
You can set up multiple Max accounts, but you must use a distinct email address for each, since your email address serves as your login for Max. Please note that if you establish a Max account using joint bank accounts held by two or more individuals, there will be one login associated with the email address that you used when registering for Max.
Note: Gmail has a feature that enables you to have multiple email addresses despite only having a single Gmail account.
To do this, use the Google “+” convention to create new email aliases on the fly. For example, if your email address is beth@gmail.com, you could register for multiple Max accounts as follows:
beth@gmail.com
beth+joint@gmail.com
beth+emergencyfund@gmail.com
Max will interpret each of these as unique email addresses, but Google ignores the + sign and everything after it, so all email sent to each of these addresses will flow to your main beth@gmail.com inbox.
Alternatively, you could use different personal and work email addresses for your different Max accounts. For example:
beth@gmail.com
beth@yahoo.com
beth@abccapital.com
Note: we do not recommend using the same checking account across multiple Max accounts. You should use a unique checking account for each Max account you open. If you do not have multiple checking accounts, you can select Max Checking during enrollment, which will automatically open up a unique checking account for each of your Max accounts.
If you are looking for a solution for your business, foundation, non-profit, or homeowners association, visit MaxForBusiness.com.