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Receive award monies seamlessly
Payout will be disbursed directly to your child’s bank account
Less waiting, more celebrating
Save yourself the hassle of visiting a branch to deposit the cheque
Simple set up
Register your child’s NRIC online via DBS digibot
Parents, did you know that there’s a faster and more convenient way to receive your child’s Edusave award monies?
Gone are the days where you have to visit a branch to deposit a cheque and wait for it to clear. With PayNow, your child’s award monies are disbursed directly to their bank account. What a timesaver!
So what are you waiting for? Prepare your child for Edusave awards early by registering them for PayNow via digibot today.
You can register on behalf of your child if you fulfil the following criteria:
- You and your child share a joint-alternate account, and
- Your child is below 16 years old.
Don’t have a joint-alternate account with your child?
For existing DBS/POSB account holders, you can apply for a joint-alternate My Account with your child online. Please prepare the following required documents prior to your application.
If your child is 16 years old and above, they can open their own DBS/POSB account and register for PayNow themselves.
Frequently Asked Questions
General - PayNow for child
You can check via PayNow transfer to your child’s NRIC using your digibank app. If your child is registered, you will see their PayNow nickname on the screen.
Yes, you can link it to a CDA account. However, it is not advisable to do so as the funds in a CDA account can only be used for limited purposes.
Registration via digibot
You will need to use your own login credentials to authenticate yourself as a parent, in order to register on behalf of your child.
Check if you have fulfilled the following criteria:
- Your child’s account is one where you are the eligible operator. To be an eligible operator, you must be the joint-alternate account holder.
- Your child must be below 16 years old. (If your child is 16 years old and above, your child can apply for their own internet banking account and register for PayNow themselves.)
You can only link an account holder to the selected account i.e your child must be the account holder of the selected bank account.
You will need to approach the bank where your child is currently registered with to deregister, before using digibot to link PayNow to a DBS/POSB account.
5. My child is already registered to another account in DBS/POSB. How can I deregister and link them to another DBS/POSB account?
First, you need to be a joint-alternate account holder of your child’s account to view and deregister their existing PayNow setup. Secondly, your child must also be less than 16 years old and has their existing PayNow linked to this joint account.
If you fulfil the above criteria, you may then authenticate yourself through digibot and click on ‘Deregister my child’s PayNow’.
Once deregistration has been done, you may follow the steps to register your child to another account.
You will see a success message from digibot once the registration is completed. Alternatively, you can check via PayNow transfer to your child’s NRIC using your digibank app. If your child is registered, their PayNow nickname will be displayed on the screen.
You can visit a DBS or POSB branch to instruct the registration.
Please note that your child will need a DBS/POSB bank account before you can register them for PayNow.
You will receive an email notification the next day of account opened, informing you on the status of your application.
Your application will be processed within 7 working days upon receipt of application.
Once your application has been successfully approved, you will receive an email notification on the next day of account opened, informing you on the status of your application.