How it works
Receive funds seamlessly from family, friends, and government agencies when you are PayNow-registered.
We will help enrol your child to PayNow when you apply for this account. You can choose to opt out of PayNow registration during the account opening process.
With Smart Buddy, you can instantly transfer pocket money to your child to make digital payments via their wearable watch/card and monitor their spending in real time. Link this account with your child’s Smart Buddy to automatically save their unused pocket money every month and watch their savings grow!
Outside of school, they can use PayLah! to easily order meals, take rides, and go shopping. You can also choose to transfer their pocket money to their PayLah! wallet.
At the age of 12, they are eligible to apply for a DBS/POSB ATM Card at any DBS/POSB branch.
At the age of 16, they get access to DBS/POSB digibank services and apply for the DBS Visa Debit Card, unlocking up to 4% cashback on eligible transactions. The DBS Visa Debit Card application is available through the DBS/POSB digibank app, VTM, or at a branch.
You can start by opening your first DBS/POSB, Savings or Current account, using our digibank app. Thereafter, you can open an account for your child.
Unsure of what we offer? You may consider the following accounts:
