Features & Benefits

  • Earn daily interest.
  • No minimum deposit and fall-below fee until your child turns 21 years old.
  • Waiver of coin deposit fee until your child turns 16 years old.*
  • Monthly eStatements for you to track your transactions and account balance.
  • Attractive account opening gifts:
      • A S$1 gift deposit
      • Free 6-month POPULAR Bookstore Student Card Membership#

    *Waiver is limited to first 1000 pieces per calendar month at the coin deposit machine.
    # Applicable for children aged between 7 and 15 at the point of account opening. Redemption SMS will be sent to eligible customer’s registered mobile within 1 week after the account is opened. Find out more on Popular Card Discount Privileges.
 

How to apply

Apply Now If you have an existing POSB/DBS Account
 

Eligibility & Requirements

Available as a joint account that allows you and your child to manage the account together. For children up to 18 years old.

 

Documentation For MinorsChild's AgeDetails
FATCA Self Certification Below 18

Form signed by Parent/Trustee/Legal Guardian in person (signature must be as per Bank's record) else original document to proof relationship is required.

PDPA Marketing Preference 13 & below
Consent Form For Use of ATM Card Facility Below 16
Declaration of Purpose of Account, Expected Account Activities & Source of Wealth Below 18 NA

Documentation For MinorsChild's AgeDetails
FATCA Self Certification Below 18

Form signed by Guardian in person (signature must be as per Bank's record) else original document to proof relationship is required.

PDPA Marketing Preference 13 & below
Consent Form For Use of ATM Card Facility Below 16

Form signed by Guardian in person (signature must be as per Bank's record) else original document to proof relationship is required.
OR
Form signed by School Principal with Institution Stamp affixed.

Declaration of Purpose of Account, Expected Account Activities & Source of Wealth Below 18

Form signed by Guardian in person (signature must be as per Bank's record) else original document to proof relationship is required.

 

Documents Required at Branch

  • Singapore NRIC
  • Your child's original birth certificate, if your child is a Singaporean/PR; and
  • Your child's original passport, if your child is a foreigner.

  • Passport and relevant pass issued by the Immigration and Checkpoint Authority of Singapore; and
  • Your child's original birth certificate, if your child is a Singaporean/PR; and
  • Your child's original passport, if your child is a foreigner.
  • Either one of the documents below for proof of address (within last 3 months)
    1. In-Principle-Approval letter issued by Ministry of Manpower (MOM); or
    2. Utility bill; or
    3. Telephone bill; or
    4. Bank or credit card statements/bank reference letter; or
    5. Letter from the human resource department of current employer
 

Fees

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