Save in POSB Smiley Child Development Account (CDA)

Start saving in your Child Development Account via digibank Online, digibank Mobile, POSB/DBS Cash Machine, Cheque or by Standing Order.

digibank Online
Perform a Local Funds Transfer via digibank Online.
  • Log in to digibank Online with your User ID and PIN.
  • Select Transfer and click Other POSB or DBS Account.
  • Log in with your 6-Digit iB Secure PIN.
  • Choose your CDA as the account you wish to transfer your money to.
  • Select the Account you wish to transfer from.
  • Select the Currency and indicate the Amount you wish to transfer.
  • Click Next to complete the transfer.

Note:
  • Read this article to learn how to add your CDA as a recipient.

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digibank Mobile

Important: We are rolling out the new POSB digibank mobile app progressively over the next few months. Click here for more info.


Perform a Local Funds Transfer via digibank.
  • Log in to digibank Mobile with your User ID and PIN.
  • Select Transfer/PayNow from the menu.
  • Click To Other SG/Overseas Payees.
  • Log in with your 6-Digit iB Secure PIN.
  • Choose your CDA as the account you wish to transfer your money to.
  • Select the Account you wish to transfer from.
  • Select the Currency and indicate the Amount you wish to transfer.
  • Click Next, then Confirm to complete the transfer.

Note:
  • Read this article to learn how to add your CDA as a recipient.

Don't have digibank?
   

POSB/DBS Cash Machine
Cheque
  • Issue a Cheque in the Trustee's or Beneficiary's name.
  • Write your Child Development Account no. at the back of the cheque.
  • Deposit your cheque at any POSB/DBS Branches or Cheque Deposit Machines located islandwide.

Note:
  • Funds will be credited into your CDA within 1 working day if the cheque is deposited before 3.30pm, Mon - Fri excluding Public Holidays.
  • Find out exactly when the funds will be credited by reading our article on Cheque Clearing.
Standing Order

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