I wish I could do this, as my girlfriend has been playing on my account and is planning on buying her own key soon. However, I agree with Jaythen that it raises more problems than it solves.
However, once you know what you're doing it doesn't take that long to get your PvE character Ascended. On the one hand this makes transferring characters kind of pointless. On the other hand, the same applies to selling them - how much would you pay for a level 20? You'd probably make more money just selling items.
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