At a Glance

Everything you need to get them started

  • Available to children below 16 years old.
  • Earn daily interest every month

Add on more as your child grows

  • Activate banking services anytime, anywhere.
  • Link My Account with your child’s Smart Buddy. Instantly transfer allowance, manage your child's finances and let your child develop saving habits, all while on the go.
  • Just scan and PayLah! to get rides, book shows, order food, and pay bills, and much more!
  • Shop online and spend abroad at preferred rates, when they need it.

Personalise a special nickname for your joint account with your child

  • Set a special nickname for the account that belongs to both of you? You can now do so via digibank and see your chosen nickname displayed on your account’s statement.

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

Get advice from dads Allan Wu and Shiekh Haikel on how they get their kids started on good saving habits, with the help of POSB My Account, and digital tools such as POSB Smart Buddy and PayLah!.

Apply now


Exclusive Perks for kids

  • A PAL Learning Gift Bundle specially to help get your child ready for school.
  • The redemption email with the promotion code will be sent to you 1 month after the My Account opening. Proceed to redeem the gifts with the promotion code and the last 4 digits of My Account via the links below:

PAL Learning Gift Bundle

Redeem Now

T&Cs apply


How It Works

One account, everything your child might need.

The only account for your child and their growing needs.

  • No minimum balance
  • Below 16 years old
  • Earn daily interest
  • Online banking
  • Island-wide banking services
  • Account name personalisation

My Account for your little one.

My Account functions as a joint account, allowing you and your child to manage it together.

Growing their savings

  • S$1 gift deposit1
    When it’s time to get them started.

Fee waiver

  • No coin deposit fee2
    So they’ll be able to save more.

Cool for school

  • PAL Learning Gift Bundle3
    Perfect for when they start school.
  • POSB Smart Buddy
    You’ll be able to link it to your child’s account to automatically save their unutilised pocket money.
  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. For child age below 16 years old at the point of account opening. The redemption email will be sent to eligible customer registered email within one month of account opening. Eligible customer may refer to the above – Exclusive Perks for kids for the links to redeem at. (Terms & Conditions Apply)

The one account that grows with your child.

With My Account, you can add and customise features to fit your child’s growing needs.

For family trips

  • Enjoy instant cashback
    When your child is old enough to charge to their DBS Visa Debit Card overseas.
  • With multi-currency capability
    Your child can exchange and store up to 13 currencies.

Day-to-day for your child

  • With PayLah!
    Your child can order meals, take rides, shop easily. This is the app that lets them do it all!

It’s their choice

  • Statement
    Keep a record of the account’s transactions easily, with either hard copy or e-statements.

    Set a personalised nickname for your account, and it will also be printed on your statement!

Eligibility & Fees

  • Children below 16 years old.
  • Accompanied by an adult of at least 18 years old.
  • No initial deposit required.
Service Charge S$0
Account Fee S$2 per month1
(With paper statement)

1 Account fee is waived for customers up to 16 years old or account on eStatement.

Please refer to the Deposits Guide for the list of applicable fees.


Apply for My Account with your child

If you have an existing savings/current account with us, you can apply for a joint-alternate My Account with your child online. Applicable for children below 16 years old.

Please ensure you have signed up for digibank and/or update your email address before applying.

For Singaporeans/PRs


Login with Myinfo via Singpass for your new account to be opened instantly.

Apply now

Do not have Singpass? Register online here.

Important: Your Singpass should be up and ready to use the next day for new account application.


Please prepare the following required documents prior to your application.

Your application will be processed within 3 working days upon submission.

Apply now


With you at every step of your parenting journey

Raising a family is never easy, whether you have a toddler, teenager, or both. Explore a world of parenting content and tips at POSB Home, from helping your child make sense of money and enrichment, to holiday and financial planning for the family.

Take me there

Visit our Education Marketplace
Explore a wide range of educational deals, from kids academic and enrichment classes to professional courses by reputable education institutions. Whether to develop your child's passions or picking up a new skill, there's something for both you and your child.

Find out more


Join Our Online Community

The Burrow

Take the next step and be part of an awesome and supportive community with like-minded parents. Learn a tip or two when you participate in discussions focused on money management as a family in this digital age.

Find out more

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.

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