I enrolled my child into Baby Bonus Scheme before 1 July 2024. Can I change Child Development Account (CDA) trustee before opening my CDA?

Question

Accepted Answer

Yes, you can email msf_babybonus@msf.gov.sg to request for a change of Child Development Account (CDA) trustee before account opening.

If the new nominated trustee is a Singaporean or Permanent Resident, they can complete the opening of CDA at the online bank portal of DBS/POSB, OCBC or UOB.

If the new nominated trustee is a foreigner under UOB, they will need to obtain a Letter of Authorisation (LOA) from MSF before visiting any UOB branch for account opening.

I enrolled my child into Baby Bonus Scheme before 1 July 2024. Can I change Child Development Account (CDA) trustee before opening my CDA?

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