POSB Smart Buddy

About My Account for Kids

My Account is the first deposit account that you can customise to meet your kid’s growing needs.

S$1 gift deposit1 to get them started

No minimum balance

No coin deposit fee2

Auto-transfer of unutilised allowance3


  1. Gift Deposit for anyone below 21 years old.
  2. Waiver is limited to first 1000 pieces calendar month at the coin deposit machine until the child turns 16 years old.
  3. The new account will be automatically linked as a Smart Buddy crediting account.
About Allowance Savings
  • Allowance savings is the unspent allowance or the remaining allowance/unspent amount.
  • Assuming the daily allowance set is S$3.00 and your child has spent S$2.00, then the allowance savings for the day is S$1.00.
  • Your child’s monthly allowance savings will be deducted from your bank account (i.e. the account linked to your child’s Smart Buddy) and transferred to his/her bank account by 10th of the following month.
  • Do ensure you’ve enabled “Auto-Transfer Savings” on your child’s profile to enjoy this feature.
About Stamp Savings

Your child may tap his/her Smart Buddy at the school bookshop to get Smiley Stamps for S$0.50 each. The stamps value will be deducted from the linked bank account (i.e. parent’s). The stamp(s) are updated as ‘Stamp Savings’ on Smart Buddy Mobile App.

Simply complete 1 Smiley Savings Card (i.e. 20 stamps) per month to receive S$1 Bonus Dollar. Total Stamp Value and S$1 Bonus Dollar* will be credited to your child’s account by 10th of the subsequent month.


  1. The total Stamp Value will be credited into the linked bank account (i.e. parent’s) if there is no linked child’s account.
  2. S$1 Bonus Dollar will only be rewarded if there’s at least 1 completed Smiley Savings Card and an active child’s account is linked with Smart Buddy.
  3. The total Stamp Value and S$1 Bonus Dollar will be credited to your child's account regardless of the "Auto-Transfer Savings" status.