My Letter of Authorisation (LOA) issued before 1 July 2024 has expired, how can I proceed with opening a Child Development Account (CDA)?
If your Letter of Authorisation (LOA) issued before 1 July 2024 has expired, you should follow these steps to proceed with opening a Child Development Account (CDA):
For DBS/POSB and OCBC customers: From 1 July 2024, the nominated trustee can complete the opening of CDA at the online bank portal.
For UOB customers: If you are a Singaporean or Permanent Resident, the nominated trustee can complete the opening of CDA at the online bank portal. If you are a foreigner, you will need to email msf_babybonus@msf.gov.sg to obtain a new Letter of Authorisation (LOA) before visiting any UOB branch for account opening.
Related questions
I enrolled my child into Baby Bonus Scheme before 1 July 2024. Can I change Child Development Account (CDA) trustee before opening my CDA?
I enrolled my child into Baby Bonus Scheme before 1 July 2024. Can I select a different bank before opening my Child Development Account (CDA)?
I have submitted request to nominate my spouse or third party as the CSA joint account holder and CDA trustee. Why is my status still at “In-progress”?
I am currently overseas. How can I open a Child Development Account (CDA) for my child?
Need more help?
Get in touch