Can I change bank for the Child Development Account (CDA) and Child Savings Account (CSA)?
Yes, you can change the bank for your CDA and CSA. When you change to a new bank, the existing CSA will be converted to a normal joint savings account. Any balance will remain in the account. A new CSA will be opened automatically with the new CDA by the new bank. Any remaining Baby Bonus Cash Gift will be paid into the new CSA as scheduled.
Related questions
Can I change bank for either the Child Development Account (CDA) or Child Savings Account (CSA), without changing both to the same bank?
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Can I change the bank for my Child Development Account (CDA) and Child Savings Account (CSA)?
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