CDA account for children

[mamalade]

hi! thanks for the reply! yep… my daughter in P1. My hubby recalled that he received a letter about the closure of the OCBC account but did not follow up on that thus why MCYS took control of the $$ in that account. So I called up MCYS the other day and they told me that we would be informed about the status of the $$ that’s with them via letter. So as far as OCBC is concerned, we no longer have an account under her name. So right now, dun know what’s happening.

[sleepy]

2002 kids (P1 this year) no CDA account leh

If I remember correctly, baby bonus only for kids from 2004

[mamalade]

sleepy:

2002 kids (P1 this year) no CDA account leh

If I remember correctly, baby bonus only for kids from 2004

errr... my daughter does have a CDA account. Born 2002.

[caroline3sg]

sleepy

all kids reaching P1, CDA account would be closed. Can withdraw the leftover money. If not, it would be transferred to PSEA (post sec edu acc).

[jedamum]

mamalade:

sleepy:

2002 kids (P1 this year) no CDA account leh

If I remember correctly, baby bonus only for kids from 2004

errr... my daughter does have a CDA account. Born 2002.

my 2002 boy does not have a CDA account.

sleepy,
i think those 2002 kids that are not firstborn then have baby bonus....
mamalade, i think your http://www.kiasuparents.com/kiasu/forum/viewtopic.php?t=1756 is not firstborn

[mamalade]

jedamum:

mamalade:

[quote=\"sleepy\"]2002 kids (P1 this year) no CDA account leh

If I remember correctly, baby bonus only for kids from 2004

errr... my daughter does have a CDA account. Born 2002.

my 2002 boy does not have a CDA account.

sleepy,
i think those 2002 kids that are not firstborn then have baby bonus....
mamalade, i think your http://www.kiasuparents.com/kiasu/forum/viewtopic.php?t=1756 is not firstborn [/quote]keke....ya she's my second child.... didn't realise there was a difference!!

[kewin]

Hey, like to find. Which bank your put your CDA for your child. Is MSIG insurance okay for SCB but OCBC Great Eastern seemed okay. But MSIG got this Hand Mouth … $50 thing.


Which is good.

[Funz]

caroline3sg:

sleepy

all kids reaching P1, CDA account would be closed. Can withdraw the leftover money. If not, it would be transferred to PSEA (post sec edu acc).

Nope CDA $ cannot be withdrawn. It will automatically be transferred to edusave and if not used to PSEA and if still not used to your child's CPF.

[jedamum]

Funz:

caroline3sg:

sleepy

all kids reaching P1, CDA account would be closed. Can withdraw the leftover money. If not, it would be transferred to PSEA (post sec edu acc).

Nope CDA $ cannot be withdrawn. It will automatically be transferred to edusave and if not used to PSEA and if still not used to your child's CPF.

http://app.customerfeedback.mcys.gov.sg/bbs_faqmain.asp?strItemChoice=2004119171752&strSubItemChoice=2004119171812&action=SHOWTOPICS&m_strTopicSysID=2008722131821#2004119171812

For children born from 2001-2007, the trustees will receive an option at their official address (as maintained by the Ministry of Home Affairs) in November in the year the child turns 6 years of age to choose to transfer the CDA balance into the PSEA or to withdraw the amount in cash.

[Funz]

jedamum:

Funz:

[quote=\"caroline3sg\"]sleepy

all kids reaching P1, CDA account would be closed. Can withdraw the leftover money. If not, it would be transferred to PSEA (post sec edu acc).

Nope CDA $ cannot be withdrawn. It will automatically be transferred to edusave and if not used to PSEA and if still not used to your child's CPF.

http://app.customerfeedback.mcys.gov.sg/bbs_faqmain.asp?strItemChoice=2004119171752&strSubItemChoice=2004119171812&action=SHOWTOPICS&m_strTopicSysID=2008722131821#2004119171812

For children born from 2001-2007, the trustees will receive an option at their official address (as maintained by the Ministry of Home Affairs) in November in the year the child turns 6 years of age to choose to transfer the CDA balance into the PSEA or to withdraw the amount in cash.[/quote]thks. didn't know that.