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Baby Bonus Service
The Baby Bonus NETS Service is a NETS service initiated with the
Ministry of Community Development, Youth and Sports (MCYS) under
the Baby Bonus Scheme. The Baby Bonus NETS Service allows NETS ATM
cardholders to transfer funds from the Children Development Account
(CDA) to Approved Institutions (AIs) through the use of the Baby
Bonus card via the NETS EFTPOS network. Cardholders are also able
to check their CDA balances at NETS terminals. The Baby Bonus cards
are issued by OCBC Bank and Standard Chartered Bank.
The Baby Bonus NETS Service is available to AIs who have subscribed
to the service from 1 August 2008. Please refer to the link Participating
Approved Institutions for the list of AIs with the enabled service.
For more information on the Baby Bonus Scheme, please visit www.babybonus.gov.sg
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