A method for managing password usage in a system for secure usage of shared accounts includes generating, by a password manager executing on a first computing device, a first credential assigned to a first user, the first credential used for accessing a first user account in an application executing on a second computing device. The method includes transferring, by the password manager, ownership of the first credential from the first user to a second user. The method includes receiving, by the password manager, over a network, a request from the first user to access the first credential. The method includes verifying, by the password manager, ownership of the first credential by the second user. The method includes denying, by the password manager, the request from the first user.