You can switch your child’s Child Development Account (CDA) and Child Savings Account (CSA) to another bank, change joint account holder and account trustee, or update any other CDA and CSA-related information.
Changing account details
To
change CDA trustee and open a new CSA under the new trustee
, log in to your internet banking app or bank portal (as applicable).
To
change CDA or CSA bank
, select the bank you wish to change it to.
Opening CSA for your child
If your child only has a CDA but not a CSA, contact their CDA bank to find out how to open a CSA. For questions about your Baby Bonus accounts or account services offered, please approach your bank directly.
Setting up PayNow for CSA
By linking your child’s birth certificate number to PayNow, your child can quickly receive:
Baby Bonus cash gift
Excess CDA balance above the Post Secondary Education Account (PSEA) cap
MOE Edusave monetary awards
To set up PayNow with your child’s CSA, use your mobile banking app or access your CSA bank below.
