Ahead of the pack with auto PayNow enrolment | Receive funds seamlessly from family, friends, and government agencies when you are PayNow-registered. We will help enrol your child to PayNow when you apply for this account. You can choose to opt out of PayNow registration during the account opening process. |
Get them started on managing their finances with Smart Buddy | With Smart Buddy, you can instantly transfer pocket money to your child to make digital payments via their wearable watch/card and monitor their spending in real time. Link this account with your child's Smart Buddy to automatically save their unused pocket money every month and watch their savings grow! |
Empowering them with the all-in-one app, PayLah! | Outside of school, they can use PayLah! to easily order meals, take rides, and go shopping. You can also choose to transfer their pocket money to their PayLah! wallet. |
Time for your kid to get their very first DBS/POSB Card | At the age of 12, they are eligible to apply for a DBS/POSB ATM Card at any DBS/POSB branch.
At the age of 16, they get access to DBS/POSB digibank services and apply for the DBS Visa Debit Card, unlocking up to 4% cashback on eligible transactions. The DBS Visa Debit Card application is available through the DBS/POSB digibank app, VTM, or at a branch. |
Age | Parent - 18 years and above Child - Below 16 years |
Initial deposit | No initial deposit required |
Minimum balance | No minimum balance required |
Account fee | S$2 monthly if you use paper statements. The fee is waived if the account holder is 16 years old and below. |
Service charges | No service charge |