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POSB Smart Buddy
At a Glance
Apply for the Smart Buddy to enjoy more features on the Smart Buddy Mobile App (i.e. Savings, Stamps, Allowance). Your child may tap to pay with Smart Buddy at the school bookshop or canteen (participating schools only) or any out-of-school merchants to minimise contact risk.
By applying for Smart Buddy, you’ll be receiving a Smart Buddy Payment Card (without watch). FREE Smart Buddy watches are only available at Smart Buddy Participating Primary Schools.
|School Smartcard / EZ-Link Card||POSB Smart Buddy|
|Stored value card |
(top up required)
(debit from account)
|Set daily spending limit||✘||✔︎|
|Encourage regular savings||✘||✔︎|
|Encourage healthy habits||✘||✔︎|
|Immediately disable usage when lost||✘||✔︎|
|Withdraw funds from card/watch||✘||✔︎|
About POSB Smart Buddy
POSB Smart Buddy is the world’s first in-school savings and payments wearable on your child’s wrist. It lets your child tap to pay in school and at selected merchants, check on balances, and track fitness levels.
As a parent, enjoy greater convenience in managing your child’s allowance and daily expenses.
POSB Smart Buddy can give you some insights.
How does it work?
Smart Buddy Mobile App
- Manage daily allowance
- Monitor expenses
- Track savings
- Auto-transfer to kid’s account
- Set alarms(s) or reminder(s)
Smart Buddy Watch or Card
- Tap and pay
- Learn about budgeting
- Set Savings Goal
- Develop healthy habits
- Track fitness levels
About My Account for Kids
As the saying goes, good habits start young. My Account is the first deposit account that you can customise to meet your kids’ growing needs.
S$1 gift deposit1 to get them started
No minimum balance
No coin deposit fee2
Auto-transfer of unutilised allowance3
FREE POPULAR Membership4
- Gift Deposit for anyone below 21 years old.
- Waiver is limited to 1st 1,000 pieces per calendar month at the coin deposit machine.
- The new account will be automatically linked as a Smart Buddy crediting account.
- For child age below 16 years old at the point of account opening.
FREE S$5 Smiley stamps
Make 5 Smart Buddy transactions
Promo ends: 31 December 2020
FREE DIY Baking Kit
Open a new My Account (Personal)* for your child
Promo ends: 31 December 2020
*My Account (Personal) application is only available with POSB Smart Buddy.
The Smart Buddy Pack will be delivered to the address tagged to the parent’s bank account within 7 - 14 working days (due to high volume) upon successful application. We seek your understanding during this period.
Need more information?
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.