CDA account

[mummy2008]

BigDevil:

mummy2008:

Btw, do you know which bank is good for saving account (for Children)?

I see that OCBC is more active on young saver...any comments?

As mentioned by cherrygal, you can only open CDA at OCBC or Standard Chartered.

But for normal savings accounts for children, you can check out this thread: http://www.kiasuparents.com/kiasu/forum/viewtopic.php?t=13010

Thanks bigd, I have checked the link. It's so useful to me, many thanks

[BigDevil]

mummy2008:

How to apply cda? Was told from ocbc, I need to get approval from mycs

It's many years back, but I remembered that you will be given a whole package on Baby Bonus when you are admitted to the hospital for delivery. The application form will be inside and you just need to hand it back to the hospital staff when you are discharged.

But then, this is many years back. Perhaps mothers who delivered recently can confirm this is still the practice?

[MummyThreeStreams]

BigDevil:

mummy2008:

How to apply cda? Was told from ocbc, I need to get approval from mycs

It's many years back, but I remembered that you will be given a whole package on Baby Bonus when you are admitted to the hospital for delivery. The application form will be inside and you just need to hand it back to the hospital staff when you are discharged.

But then, this is many years back. Perhaps mothers who delivered recently can confirm this is still the practice?

I just delivered th Jan and can confirm that this is the current practice. You'll get all the necessary forms in hospital. You'll fill in the forms and send them off to MCYS. MCYS will then send you a letter for you to open your Account. You'll have to bring this letter and the child's birth cert to ocbc or stanchart to open the account.

[ppnqq]

mummy2008:

cherrygal:

You can only open CDA at OCBC or StanChart. OCBC is more aggressive. But take note that the money in the CDA cannot be withdrawn as cash for your use. It can only be used at Baby Bonus approved institutions such as childcare centres or pediatricians.

Thanks cherry. Yes,we should open cda account as we can use it for edu n medical.

How to apply cda? Was told from ocbc, I need to get approval from mycs

If you have lost the forms, you may try calling MCYS to see if they can send them to you again. HTH.

[Kissgurami]

WCW:

is ocbc or standard chartered is better :?

OCBC although I am with Stanchart.. Mine was assigned to Stanchart by default and the account was already opened coz I ignored it for a few years :oops:

[Daddy D]

U guys got this application letter?

Still need to complete form... open CDA... and all the T&Cs...
and I still dunno how to get the $$...
Waste my time only...

:stupid:

[Castle House]

Daddy

U guys got this application letter?

Still need to complete form... open CDA... and all the T&Cs...
and I still dunno how to get the $$...
Waste my time only...

:stupid:

Once submit the form.. CDA accounts ready.. just wait for the govt to 'bank' in the $$ into the account..

Be patient..

[Daddy D]

Castle House:

Daddy

U guys got this application letter?

Still need to complete form... open CDA... and all the T&Cs...
and I still dunno how to get the $$...
Waste my time only...

:stupid:

Once submit the form.. CDA accounts ready.. just wait for the govt to 'bank' in the $$ into the account..

Be patient..

Last time already open CDA for baby bonus right?
Now open again...
And the $$$ so pathetically little... since dd is turning 6 this yr....
Buy Pri 1 books also not enuff...
They shld have just put the $$ direct into Edusave...

[Kissgurami]

If you have CDA account already , why do you still need to open again?

[SAHM_TAN]

Castle House:

Daddy

U guys got this application letter?

Still need to complete form... open CDA... and all the T&Cs...
and I still dunno how to get the $$...
Waste my time only...

:stupid:

Once submit the form.. CDA accounts ready.. just wait for the govt to 'bank' in the $$ into the account..

Be patient..

Don't think it's that simple. The form we have is just the application form, then they will send an authorisation form with instruction on how to open CDA.