Banking for Your Child. Build money habits that grow with your child
From your child’s first savings, to their first spending, discover the right banking tools, guidance and rewards for every stage of your child’s growth.
Provide a safe headstart in money management: Introduce a safe and convenient way to pay for everyday purchases in school and beyond
Help them get smarter with money: Turn everyday spending and saving into opportunities to learn and practise good money habits
Support their growing independence with assurance: Monitor their spending and savings in real time through Smart Buddy, and top up their PayLah! whenever needed
Recommended for your child
The most suitable products for your child at one glance
CDA/CSA
Earn higher interest rates for your newborn
Receive Government benefits seamlessly
Get exclusive merchant deals
POSB Smart Buddy
Free Smart Buddy Watch or Card for easy spending
Fun ways to save through our Smiley Stamps programme
Parent-friendly app for easy allowance transfers and monitoring
DBS PayLah!
Unlock seamless digital payment and score deals with their first digital wallet
Safe and secure digital wallet for effortless payments and transfers
Early Years
From their first days, every milestone brings new joys, responsibilities and expenses. Start with support that helps give your child a strong foundation.Start saving for your baby or toddler with CDA and CSA
Support your child’s early years with funds for selected childcare, healthcare and educational expenses at Baby Bonus Approved Institutions.Give your child a financial headstart with up to 2.0% p.a. interest and government contributions
Enjoy family-friendly deals and privileges with your POSB Baby Bonus benefits
Receive your child’s Baby Bonus cash gifts and manage everyday savings in one place
Primary School
Starting school is often a child’s first step towards greater independence.Independence for them, assurance for you, through POSB Smart Buddy
Smart Buddy helps them learn money habits through everyday moments, while keeping you connected along the way.Link your child's bank account to Smart Buddy as the auto-crediting account
Set your child’s allowance, and monitor their spendings and savings in real-time with the Smart Buddy app
Free Smart Buddy Watch and Card, with no minimum spend required
Teens
As your teen steps into greater independence, navigating social outings, hobbies, and everyday spending becomes a significant part of their life.Empower your teen to build confidence and smart financial habits with DBS PayLah!
DBS PayLah! for Teens gives teens a digital wallet made for their world.Exclusive deals and rewards at your teen’s favourite merchants and restaurants
Whether it’s weekly allowance, lunch money or extra cash for a class outing, send money instantly whenever your child needs it
Preparing for Adulthood
Empower your 16-year-old to confidently navigate more financial decisions, and build money management skills.Manage your own savings, spending and everyday banking in one place, on digibank
Help your teen take their next step in their banking journey. Download and set up their digibank to manage savings and spending in one place.Keep your teen protected with digibank’s built-in security features, giving you a peace of mind
An effortless experience where they can see all their accounts in one view
Pay and transfer instantly with ease
Family deals and programmes
Financial literacy in schools
Bringing learning to life
At POSB, our mission is to empower the next generation of savers. We are committed to helping children build good money habits. Through our financial literacy programmes in schools and our partnership with Mandai Wildlife Group, we bring money lessons to life through fun experiences.
Financial Literacy for Special Needs Children
The bank ensures that financial concepts are accessible to all, especially to the special needs. We have hosted workshops in schools to teach important financial literacy concepts, as well as brought them on learning journeys to let these children gain firsthand experience on managing their money.
At POSB, our mission is to empower the next generation of savers. We are committed to helping children build good money habits. Through our financial literacy programmes in schools and our partnership with Mandai Wildlife Group, we bring money lessons to life through fun experiences.
Financial Literacy for Special Needs Children
The bank ensures that financial concepts are accessible to all, especially to the special needs. We have hosted workshops in schools to teach important financial literacy concepts, as well as brought them on learning journeys to let these children gain firsthand experience on managing their money.
Insightful Articles
Helpful information and guides to support your family banking journeyRaising money-wise kids
Early exposure to money management principles can significantly impact a child's future financial well-being. Interactive learning experiences can effectively reinforce these skills.
How to give your child a financial head start
Topping up your child’s CPF is an effective way to give your child a financial head start by earning the risk-free interest from CPF.
POSB Smart Buddy – Money made easy
POSB Smart Buddy helps children build healthy money habits through everyday real-life use.
5 ways to add value to your teen’s allowance
Learning to budget starts from managing an allowance and making choices between needs and wants.