Features

  • Earn daily interest.
  • No minimum deposit and fall-below fee until your child turns 21 years old.
  • Monthly eStatements for you to track your transactions and account balance.
  • Waiver of coin deposit fee until your child turns 16 years old.*
    *Waiver is limited to first 1000 pieces per calendar month at the coin deposit machine.
 

Benefits

S$1 Gift Deposit

Complimentary POPULAR 1-Year Student Membership NEW

  • For child age below 16 years old at the point of account opening.
  • A redemption email sent to customer’s registered email address within 1 week after the account is opened.
Enjoy exclusive POPULAR Privileges such as
  • Discounts at POPULAR stores
  • Birthday Privileges
  • Invites to Private Sales & Events
 

Promotion

Unleash your child’s potential by exposing them to different creative workshops. Simply open an ePOSBkids Account online to enjoy a Free Arts and Craft or Coding Workshop.

 

How to apply

For existing POSB/DBS account holders, you can apply for a joint alternate ePOSBkids Account with your child online, if your child does not own an existing ePOSBkids 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 Minors Child's Age Details
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 Minors Child's Age Details
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

1. Child’s Documents Required

Please find the table below for the document required to be uploaded to complete in the online application.

Child’s Nationality Document Required
Singapore Citizen Singapore Birth Certificate
Malaysian Malaysia Birth Certificate
Other Nationalities Passport
Singapore Permanent Residents Singapore Birth Certificate
(For child born in Singapore)

OR

Malaysia Birth Certificate1
(For child born in Malaysia)

OR

Passport2
(For child born in other countries)

1 – Please select the nationality as “Malaysian” and input child’s 12 digits Malaysia NRIC in the application
2 - Please select the nationality as “Other Nationality” and input child’s passport number in the application

Please ensure the following before uploading the document:

  • Child’s Birth Certificate/Passport Number on the supporting document matches with the details indicated in the application page; and
  • Document details are visible and legible, and the photograph is clear; and
  • Document must be in jpeg or pdf format, and file size must be 2MB or less.

1. Child’s Document Required

Please bring along your child’s original document as per the table below:

Child’s Nationality Document Required
Singapore Citizen Singapore Birth Certificate
Malaysian Malaysia Birth Certificate
Other Nationalities Passport
Singapore Permanent Residents Singapore Birth Certificate
(For child born in Singapore)

OR

Malaysia Birth Certificate1
(For child born in Malaysia)

OR

Passport2
(For child born in other countries)


2. Parent/ Legal Guardian’s Documents Required

Please bring along the original document as per the table below:

Child’s Nationality Document Required
Singapore Citizen / Permanent Residents Singapore NRIC
Malaysian
  1. Malaysia IC/Passport
  2. Proof of Address:
    Either one of the documents (last 3 months) below:
    • In-Principle-Approval letter issued by Ministry of Manpower (MOM);
    • Utility bill; or
    • Telephone bill; or
    • Bank or credit card statements/bank reference letter;
  3. Letter from the human resource department of current employer
Other Nationalities
  1. Passport
  2. Relevant Pass
    (issued by the Immigration and Checkpoint Authority of Singapore)
  3. Proof of Address:
    Either one of the documents (last 3 months) below:
    • In-Principle-Approval letter issued by Ministry of Manpower (MOM);
    • Utility bill; or
    • Telephone bill; or
    • Bank or credit card statements/bank reference letter;
    • Letter from the human resource department of current employer
 

Heard of our exclusive online community for parents?

Join a supportive and positive space for parents to teach, provide and nurture their family bonds through events and discussions on family financial planning and parenting tips. Join us today!

 

Fees

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

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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