I enrolled my child into Baby Bonus Scheme before 1 July 2024. What should I do if the current nominated trustee is rejected by the Child Development Account (CDA) bank to open the account (e.g. bankrupt)?

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Accepted Answer

If the opening of the Child Development Account (CDA) is unsuccessful, you may either nominate a new CDA trustee or select a different CDA bank.

Please email msf_babybonus@msf.gov.sg for further assistance to nominate a new CDA trustee or select a different CDA bank to receive the Baby Bonus benefits for your child.

I enrolled my child into Baby Bonus Scheme before 1 July 2024. What should I do if the current nominated trustee is rejected by the Child Development Account (CDA) bank to open the account (e.g. bankrupt)?

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