Edusave / PSEA Accounts

As parents you always wonder where will your money go and recently, I received the PSEA money into my CPF OA account.

There was an option to transfer this money to a sibling account and I didn’t have time to check if this is possible to be transferred to my child’s account instead. Anyway just a sharing to parents that your excess money you put into your child’s PSEA / Edusave accounts will be transferred to your child’s CPF OA account eventually.

Unless things change, which in Singapore this happens very often, this should be the standard. Information you could have a look at in the link below.

Post-Secondary Education Account (PSEA) | MOE