Yes, you can transfer money to a child’s account in Singapore. Typically, parents or legal guardians can transfer funds to their child’s bank account just like they would transfer money to any other account.
To transfer money to a child’s account in Singapore, you can use various methods:
- Online Banking: Most banks offer online banking facilities where you can transfer funds from your own account to your child’s account. Log in to your online banking platform, add your child’s account as a recipient, and initiate the transfer.
- Mobile Banking: Many banks have mobile apps that allow fund transfers. You can use the app to transfer money to your child’s account by adding their account as a recipient within the app.
- In-Branch Deposits: If you prefer to do it in person, you can visit the bank and deposit money directly into your child’s account.
When making the transfer, ensure you have the correct account details of your child, including the account number and the bank’s details. Additionally, keep in mind any transfer limits or fees associated with the transaction, which can vary based on the bank and the type of account.
As long as you have the necessary permissions and access to the child’s account, transferring money to it should be straightforward through the bank’s provided channels.