The current third-party trustee must submit the request to change CDA trustee through their internet banking app or the bank's online portal where the CDA is held.

Please note that the bank will open a Child Savings Account (CSA) under the new trustee, and any remaining Cash Gift will be paid into this CSA as per scheduled.

The CSA operates like a regular joint savings account (jointly held under the child and trustee) with no minimum balance requirement, fees or charges imposed on the CSA.

Please enquire with the CDA bank if you require assistance with the change.