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My Letter of Authorisation (LOA) issued before 1 July 2024 has expired, how can I proceed with opening a Child Development Account (CDA)?

Updated by MSF
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): 1. For DBS/POSB and OCBC customers: From 1 July 2024, the nominated trustee can complete the opening of CDA at the online bank portal. 2. 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 submit your request through go.gov.sg/contact-bb to obtain a new Letter of Authorisation (LOA) before visiting any UOB branch for account opening.

Topics:

Baby Bonus (BB)BB Services (from 1 Jul 2024) - Accounts opening and e-services at the BanksBB Services (from 1 Jul 2024) - Transitional cohorts

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