Name of the Organization : POSB Bank
Type of Facility : Apply For POSBkids Account
Country: Singapore
Website : http://www.posb.com.sg/personal/deposits/savings-accounts/posbkids
Apply For POSBkids Account :
Impart the virtue of thrift to your child with POSBkids Account and receive attractive welcome gifts.
** Earn daily interest
Related : POSB Bank Apply For eSavings Account Singapore : www.statusin.org/6234.html
** No minimum deposit and fall-below fee until your child turns 21 years old.
** Waiver of coin deposit fee till your child turns 16 years old.
** Free automatic funds transfer from the parent’s account.
** Monthly eStatements for you to track your transactions and account balance.
Attractive account opening gifts:
1. A S$1 gift deposit
2. Free 6-month POPULAR Bookstore membership card for your child where he/she enjoys 10% off all POPULAR Bookstores#
# Applicable for children aged between 7 and 15 at the point of account opening. Eligible customer with email address registered with the Bank will receive an email within 2 months of account opening. While stocks last. Merchant’s conditions on use of card apply
How to Apply :
Open a POSBkids Account conveniently today!
Existing POSB/DBS Account holders?:
Apply now: https://www.posb.com.sg/Contact/posb/deposits/posbkids/default.page
New to POSB/DBS?:
Make an appointment: https://www.posb.com.sg/personal/default.page
Bring along your NRIC/passport together with:
your child’s birth certificate or student identification pass, if your child is a Singaporean/PR; and
your child’s passport, if your child is a foreigner.
Eligibility and Requirements:
Available as a joint-account that allows you and your child to manage the account together. For children up to 15 years old.
What is this Coin Deposit Machine?:
This is a new 24-hour self-service terminal that allows you to deposit coins at our selected branches/Electronic Banking locations.
Who can use this Coin Deposit Machine?:
Customers who wish to deposit coins into any DBS Current/Autosave Account, DBS Savings Plus Account, POSB Current Account, POSB Savings Account may use this machine.
Can I deposit my coins to more than 1 account for each coin deposit transaction?:
At any one time, you may deposit the coins into one account only.
What are the accepted denominations and currencies?:
Only Singapore Dollar Currency is accepted. The accepted denominations are 1 cent, 5 cents, 10 cents, 20 cents, 50 cents and 1 dollar (Singapore coins – Second Series (floral) and Third Series (national icons and landmarks)).
How much coin can I deposit each time?:
There is no minimum or maximum amount for each coin deposit. The maximum number of pieces deposited is however, subject to the load capacity of the machine.
Do I need to sort the coins according to denominations before depositing at the machine?:
No, your coins can comprise a mixture of the accepted denominations of 1 cent, 5 cents, 10 cents, 20 cents, 50 cents, 1 dollar (floral series only).
Can I change the amount of my coin deposit after placing them into the coin deposit machine?:
You may retrieve coins that are still in the coin tray and not inserted into the machine. Once the coins are inserted into the machine, it will be counted and deposited accordingly.
When will my account be credited?:
Collection time is daily at 2pm (except Saturdays/Sundays/Public Holidays). Deposits before collection time will be credited on the same business day before 8pm while deposits after collection time will be credited on the next business day before 8pm.
Are there any charges levied for coin deposits?:
The coin deposit fee through the coin deposit machine is S$0.012 per piece, and total fee rounded to the nearest one cent. The coin deposit fee for coins deposited into a POSBkids Account is waived until the child turns 16 years old. To enjoy the waiver, please drop the coin deposit receipt with your account number and mobile number into the Quick Cheque Deposit Box. Refund will be processed by the next business day (Monday-Friday excluding public holiday).
Who can help me if I encounter a problem using the machine?:
You may call us at :
DBS Phone Banking : 1800-111-1111
POSB Phone Banking : 1800-339-6666