This link brings you to a third party Website, over which Standard Chartered Bank (Singapore) Limited has no control ("3rd Party Website"). Use of the 3rd Party Website will be entirely at your own risk, and subject to the terms of the 3rd Party Website, including those relating to confidentiality, data privacy and security.

Standard Chartered Bank (Singapore) Limited makes no warranties, representations or undertakings about and does not endorse, recommend or approve the contents of the 3rd Party Website.

In addition to the terms stated in Standard Chartered Bank (Singapore) Limited's Important Legal Notices, Standard Chartered Bank (Singapore) Limited shall have no responsibility or liability in connection with the content of or the consequences of accessing the 3rd Party Website, including any virus arising from or system failure associated with the 3rd Party Website.

In the event of any inconsistency between the terms herein / the Bank's Important Legal Notices and the terms on the 3rd Party Website, the terms herein / the Bank's Important Legal Notices will prevail.

By clicking "Proceed", you will be confirming that you have read and agreed to the terms herein and in the Bank's Important Legal Notices.

e$aver kids
e$aver kids

e$aver Kids is an online trust savings account that allows parents to maintain complete control of their children’s savings

Key Charges

Minimum initial deposit $0

*Note: Trustee must complete a GIRO / Standing Instruction Form for monthly deposit of minimum $50 into the e$aver Kids account

Minimum average daily balance $0
Fall-below fee $0
Early account closure fee (within 6 months) $0
Counter transaction $5 per cash withdrawal

Eligibility & Documents


  • Account opening requirements:
    • Trustee to complete e$aver Kids Trust Account Opening Form
    • Trustee to sign Declaration of Trust
    • Trustee to submit NRIC/passport of Trustee of which a copy will be retained
    • Trustee to submit the birth certificate of beneficiary of which a copy will be retained
    • Trustee must complete a GIRO or Standing Instruction Application Form for monthly deposits of at least $50 into account (must be from bank account in Trustee’s name)
  • Eligibility:
    • Trustee (Parents) must be 21 years old and above
    • Beneficiary (Child) must be below 18 years old
    • Singaporeans, permanent residents or foreigners
  • Nationality: Singapore citizen / Singapore permanent resident / foreigner

Documents Required

  • Mandatory supporting documents for Singapore citizens and permanent residents:
    • NRIC (front and back)
  • Mandatory supporting documents for foreigners:
    • Passport
    • Employment Pass
    • Any of the following documents:
      • Last 3 months’ utility bill
      • Last 3 months’ bank statement
      • Letter from the human resource department of current employer stating address
      • Government-issued documents stating address (e.g. IRAS, CPF, ICA)
      • Telecommunications bill
      • Tenancy agreement


Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.