We were told that we would need a letter from MCYS to inform us that our son is eligible to open an account before they allow us to do so.
*Angry* It was not stated anywhere on their website that we need to wait for the letter. They only mentioned the following:
Where will the Credits be paid to?The Child Development Credits will be paid into the Children Development Account (CDA). For those who do not currently have CDAs, they will be able to open the CDAs to receive their Credits.
Why don't they state so earlier. I am quite sure that many parents like us, must had faced with this inconvenience due to their poor communications to the public.
So, please all wait for the letter from MCYS before going to the any 2 designated banks to open the Children Development Account (CDA) for your kids.