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Savings Accounts
ePOSBkids Account
Receive a limited edition Smiley coin bank set this month when you apply online!
Benefits
- Earn daily interest
- No minimum deposit and fall-below fee until your child turns 21 years old.
- Waiver of coin deposit fee till your child turns 16 years old.
- Free automatic funds transfer from the parent's account.
- 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 membership card for your child where he/she enjoys 10% off at all POPULAR Bookstores#
# Applicable for children aged between 7 and 15 at the point of account opening. Eligible customers (i.e. main applicant) will receive an SMS on his/her registered mobile number with the Bank within 1 month from account opening. The complimentary card is strictly non-transferrable and only valid for new POPULAR members. While stocks last. Merchant's conditions on use of card apply. To find out more on Popular Card Discount Privileges, please click here.
How to Apply
Open an ePOSBkids Account conveniently today!
If you have an existing POSB/DBS Account
Note: If the child has a foreign ID and is new to this Bank, we will send you a Declaration Form for completion via email to complete this application.
New to POSB?
Required documents for account opening at branch
Singapore citizens and permanent residents
- Singapore NRICForeigners
- Passport and relevant pass issued by the Immigration and Checkpoint Authority of Singapore; and
- Either one of the documents below for proof of address (within last 3 months)- In-Principle-Approval letter issued by Ministry of Manpower (MOM); or
- Utility bill; or
- Telephone bill; or
- Bank or credit card statements/bank reference letter; or
- Letter from the human resource department of current employer
Bring along your original NRIC/passport together with:
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.
Product Details
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 | Singaporean | Foreign Student |
|---|---|---|---|
| Parent / Legal Guardian | Guardian in S'pore | ||
| FATCA Self Certification | Below 15 | Form signed by Parent/Legal Guardian in person with proof of relationship (for non account holder); OR Form signed by Parent/Legal Guardian with copy of proof of relationship (signature must be as per bank’s record) | Form signed by Guardian in person (for non account holder); OR Form signed by Guardian with letter signed by guardian stating his/her relationship with student will suffice (for account holder) |
| PDPA Marketing Preference | 13 & below | ||
| Consent Form For Use of ATM Card Facility | Below 15 | Form signed by Guardian in person (for non account holder); OR Form signed by Guardian with letter signed by guardian stating his/her relationship with student will suffice (for account holder) OR Form signed by School Principal with Institution Stamp affixed. |
Fees
Please refer to the Deposits Guide for the list of fees applicable.
- What is this Coin Deposit Machine?
This is a new 24-hour self-service terminal that allows you to deposit coins at our selected branches/Electronic Banking locations.
- Who can use this Coin Deposit Machine?
Customers who wish to deposit coins into any DBS Current/Autosave Account, DBS Savings Plus Account, POSB Current Account, POSB Savings Account may use this machine.
- Can I deposit my coins to more than 1 account for each coin deposit transaction?
At any one time, you may deposit the coins into one account only.
- What are the accepted denominations and currencies?
Only Singapore Dollar Currency is accepted. The accepted denominations are 1 cent, 5 cents, 10 cents, 20 cents, 50 cents and 1 dollar (Singapore coins - Second Series (floral) and Third Series (national icons and landmarks)).
- How much coin can I deposit each time?
There is no minimum or maximum amount for each coin deposit. The maximum number of pieces deposited is however, subject to the load capacity of the machine.
- Do I need to sort the coins according to denominations before depositing at the machine?
No, your coins can comprise a mixture of the accepted denominations of 1 cent, 5 cents, 10 cents, 20 cents, 50 cents, 1 dollar (floral and third series only).
- Can I change the amount of my coin deposit after placing them into the coin deposit machine?
You may retrieve coins that are still in the coin tray and not inserted into the machine. Once the coins are inserted into the machine, it will be counted and deposited accordingly.
- When will my account be credited?
Your account will be instantly credited.
- Are there any charges levied for coin deposits?
The coin deposit fee through the coin deposit machine is S$0.012 per piece, and total fee rounded to the nearest one cent. The coin deposit fee for coins deposited into a POSBkids Account is waived until the child turns 16 years old.
- Who can help me if I encounter a problem using the machine?
You may call us at : DBS Phone Banking : 1800-111-1111 POSB Phone Banking : 1800-339-6666
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