Can my GIRO arrangements be transferred to the new CDA?
To enable GIRO arrangements in the new Child Development Account (CDA), you will have to:
• Update your Approved Institution (AI) of the new CDA number by submitting a new application form for interbank GIRO for CDA. The form can be found via “Forms” on Approved Institution Portal on MSF website.
Please ensure that there are sufficient funds in the new CDA in the interim period while the funds are being transferred from the old CDA. The funds transfer will be done within 3 weeks.
Related questions
What will happen to my existing GIRO arrangement and ATM card after I submit my request to change Child Development Account (CDA) bank?
How can I make payment using my Child Development Account (CDA) funds?
What is the GIRO process of collecting fees from a Child Development Account (CDA)?
I have submitted a request to change Child Development Account (CDA) bank through Baby Bonus Online. Can I cancel my request?
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