Open a POSB Smiley Child Development Account (CDA)

Apply for a CDA when you join the Baby Bonus Scheme, simply select POSB/DBS Bank as your selected CDA Bank.

Singaporean/PR Trustee
If you are the parent of the child and a Singaporean or Permanent Resident (PR), you can open the CDA online. When you log in to Baby Bonus Online (BBO) to join the scheme, you will need to indicate the CDA trustee.

  • If you indicate yourself as the CDA trustee, you can proceed to select POSB/DBS Bank and accept the Terms and Conditions of the selected CDA bank.
  • If you indicate that your spouse is a CDA trustee, your spouse (CDA trustee) will receive a Baby Bonus link by email to accept the Terms and Conditions of the selected CDA bank online.

The CDA will be automatically opened within 3 working days after the CDA trustee accepts the Terms and Conditions of the selected CDA bank online.

Note:
  • A Joint-Alternate POSBkids Account will be automatically open with each opening of CDA (including CDA transferred from other banks) unless the child already has a POSBkids Account with the trustee.
  • However, please note that you will need to activate the account within 100 days, otherwise the POSBkids Account will be automatically closed.
Foreigner/Third party Trustee
If the CDA trustee indicated is a foreigner or a third party trustee, the Ministry of Social and Family Development (MSF) will send him or her an Authorisation Letter to open the CDA at the branch selected during application.

The trustee must produce:
  • The original Authorisation Letter;
  • Trustee's NRIC or Passport;
  • A copy of the Child's Birth certificate or Certificate of Singapore citizenship (whichever is applicable).

Note:
  • A Joint-Alternate POSBkids Account will be automatically open with each opening of CDA (including CDA transferred from other banks) unless the child already has a POSBkids Account with the trustee.
  • However, please note that you will need to activate the account within 100 days, otherwise the POSBkids Account will be automatically closed.

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