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/Foreigner/Third Party Trustee

You can open a CDA account if you are the parent or nominated trustee of the child. When you log in to MSF LifeSG to join the scheme, you will need to:

• Select POSB/DBS Bank and accept the Terms and Conditions of the selected CDA bank.
• You will be directed to POSB CDA official website.
• Login with your IB credentials.
• Follow the steps for CDA opening.
• Check trustee and child’s information and submit the application.

The CDA will be automatically opened instantly after the CDA trustee accepts the Terms and Conditions online.