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When to open up bank account for my kid?

When when!

hn 41 0 Likes 31/10/24

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In Singapore, you can consider opening a bank account for your child as early as six months old, with joint accounts available for parents and guardians. Many banks offer children's savings accounts that can help teach financial responsibility, so choose one that aligns with your child’s age and savings goals. It’s ideal to set up the account when your child starts receiving money, like birthday gifts or allowances, to encourage saving and financial literacy.

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katherinetay Nov. 3, 2024, 1:24 p.m.

You can open a joint account under your name below the age of 16. Whenever you want! eg. open my account (kids) at POSB