Can I use the Child Development Account (CDA) to pay for a childcare centre/ kindergarten's deposit and registration fees?
Yes you can pay for deposits and registration fees for a childcare centre or kindergarten using funds in the Child Development Account (CDA) by NETS or GIRO, if the childcare centre or kindergarten is a Baby Bonus Approved Institution (AI). Most centres and kindergartens collect such fees by GIRO unless they have also subscribed to Baby Bonus NETS services.
Since GIRO applications may take up to six weeks to process, you may be asked by the childcare centre or kindergarten to pay in cash to secure a place for the child. Please find out from the AI on their registration policy and payment modes before registration.
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