Savings Accounts

ePOSBkids Account

Receive a limited edition Smiley coin bank set this month when you apply online!

POSBkids Account - Kids Savings Accounts

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

    Apply Now

    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 NRIC

    Foreigners
    - 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)

    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

    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.

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 AgeSingaporeanForeign Student
Parent /Trustee /Legal GuardianGuardian in S'pore
FATCA/CRS Self CertificationBelow 18Form signed by Parent/Trustee/Legal Guardian in person (signature must be as per Bank's record) else original document to proof relationship is required.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 Form13 & below
Consent Form For Use of ATM Card Facility FormBelow 16Form 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 WealthBelow 18NAForm signed by Guardian in person (signature must be as per Bank's record) else original document to proof relationship is required.

Fees

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

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