Ocbc smart parent account minimum balance. Minimum initial deposit Service fee if average daily balance for the month falls below S$1,000 Service fee if average daily balance for the month falls below S$1,000 Minimum Initial Deposit Premature Termination Fee Early Account Closure Fee (Within 6 months of opening) The OCBC SeniorCare Programme empowers you through four key pillars: Health, Wealth, Lifestyle and Literacy. Sep 3, 2024 · A first-of-its-kind savings account for kids aged 7 to 15, the OCBC MyOwn Account lets your child manage their own money while you stay in control. 75% minimum commission-in-lieu of exchange3 US$20 Minimum US$5 or equivalent for foreign currency accounts Not Applicable Free USD 5,000 EUR 5,000 AUD 5,000 GBP 5,000 CAD 5,000 JPY 500,000 HKD 50,000 NZD 5,000 CHF 5,000 CNH 5,000 Jul 24, 2025 · Accounts should provide convenient online and mobile banking access for parents, enabling them to monitor transactions and manage their child's savings easily. Did we mention there is no initial deposit or minimum average daily balance for the month required? OCBC Child Development Account Unlike other CDAs, OCBC’s CDA offers parents up to 50% discount at more than 15 merchants. Get data and insights into the financial wellness of Singaporeans. Parents will be able to use their own OCBC Digital app to monitor their child’s account activities. Mar 19, 2025 · Joint savings accounts are not limited to couples only. Overview of the interest rates across the different deposit accounts offered by the bank. The largest local bank in Singapore, DBS boast one of the widest ATMs network with about 700 ATMs outlets and 68 branches island wide. balance required Link parent's account to child's savings using POSB Smart Buddy app * Exchange and save up to 13 different currencies Earn instant cashback on DBS Visa Debit Card in the future Free POPULAR 1-year student membership SingSaver Sep 3, 2024 · The OCBC MyOwn Account will allow children and teenagers aged between seven and 15 to operate their own bank accounts digitally via the OCBC Digital app, within controls set by their parents. My Account:A versatile bank account with multi-currency and a range of banking services, DBS My Account allow users to pay, trans Dec 31, 2025 · $1 gift deposit Convert to DBS Multiplier Account and earn up to 3. For example, POSB’s integration with Smart Buddy and the PayLah! app allows parents to track spending, set savings goals, and make transfers effortlessly, while children can learn to Teach your child the importance of saving with OCBC Mighty Savers Account. Get rewarded for what matters: your salary, your lifestyle, and your smart savings habits. Jul 24, 2025 · Accounts should provide convenient online and mobile banking access for parents, enabling them to monitor transactions and manage their child's savings easily. For example, POSB’s integration with Smart Buddy and the PayLah! app allows parents to track spending, set savings goals, and make transfers effortlessly, while children can learn to . Singapore, 3 September 2024 – OCBC will be the first bank in Singapore to enable ‘Gen Alpha’, the generation of digital Transact, save and keep track of your account balance easily with an OCBC Passbook Savings Account issued with a bank passbook. The bank currently offers two main joint accounts, My Account and eMySavings Account. Sep 4, 2024 · Due to the minimum age requirement, a vast majority of teenagers and older children under 16 years old cannot operate their own bank accounts, OCBC noted. No initial deposit No min. Open an OCBC Statement Savings Account to transact, save and keep track of your money easily with electronic or hardcopy monthly statements. No minimum balance required and no coin deposit fee. Sep 3, 2024 · A first-of-its-kind savings account for kids aged 7 to 15, the OCBC MyOwn Account lets your child manage their own money while you stay in control. Waived for the first Issued upon request, S$10 per cheq Sep 3, 2024 · This first-of-a-kind account by a bank in Singapore enables teenagers and older children aged seven to 15 to operate their own bank accounts under parental supervision. OCBC Mighty Savers Eligibility – 16 and below (under 5, joint account) Young savers (sole/joint account), or passbook/statement/school savings (trust account) No minimum deposit, minimum $1 balance 55 branches, including 16 full-service on Sundays 11am-7pm, priority queue for kids Freebies – wrist band, stationary set, sling bag Apr 5, 2024 · You can also make coin deposits for free! Perfect for getting the kids to save in their little piggy banks. a. Here are 11 joint accounts we can open together with our parents or spouse. Open an account with your child today. OCBC Premier 1% minimum commission-in-lieu of exchange3 0. Personal Current Account Minimum Initial Deposit Service Fee Cheque Book Fee S$1,000 3,000. Apply at any branch today. 8% p. lst tekbvg txp twnn pzsba eovj buqutq lta pqcs cioz