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

Mandatory supporting documents for Singapore citizens and permanent residents:

• NRIC (front and back)

Mandatory supporting documents for foreigns:

• 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