Claim your gold bar this Lunar New Year!

If you are a Singaporean/PR, you can open a Joint-Alternate My Account with your child instantly online with your Singpass. Please ensure you have signed up for digibank and Singpass before applying.

Smart Buddy is free for all parents with a DBS/POSB deposit account.

1. How do I join the Baby Bonus Scheme?

   Either parent may join the scheme at LifeSG with his/her SingPass.
   
   Both parents will have to agree on the person (either parent and/or a third party) to:

   • Receive the cash gifts
   • Manage the Child Development Account (as a CDA trustee).
   
   

   The Cash Gift bank account holder and CDA trustee must be the same person.

   The CDA trustee has to be above the age of 18 and not a bankrupt.

2. What documents do I need to join the Baby Bonus Scheme?

   For documents required to join Baby Bonus Scheme at LifeSG, the documents will be stated as part of the application process, which will guide parents along. If in doubt, there will be FAQs in LifeSG for such info as well.

3. How can I open a CDA?

   You can open the CDA online. Upon successful enrolment through LifeSG, you will be notified by LifeSG to proceed to the website of your chosen bank to complete the CDA opening. You will need to:

   • Login with your IB credentials at selected bank official website.
   • Follow the steps for CDA opening.
   • Check Trustee and Child’s information and submit the application.
   
   

   A CDA and CSA will be automatically opened instantly after the CDA trustee accepts the Terms and Conditions of the selected CDA bank online.