msf
2
A Singapore Government Agency Website
Back to home
Updated by MSF
Contact us
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
How can I change my bank account to receive cash gift(s)?
Can I change the bank for my Child Development Account (CDA) and Child Savings Account (CSA)?
msf
Can I change bank for either the Child Development Account (CDA) or Child Savings Account (CSA), without changing both to the same bank?
msf
What happens if the Child Development Account (CDA) trustee is changed?
msf
Need more help?
Describe your issues to us.
