Do I have to provide my bank account details to CPF Board if I do not have any upcoming payments from CPF Board?
No action is required from you if you do not intend to make any withdrawals or do not have any upcoming payments from CPF Board.
However, if you expect upcoming payments from CPF Board, e.g. monthly payouts or refunds, please provide your bank account details to CPF Board so that you can receive your payments to your preferred bank account. If you are nearing age 70 and have not already started your monthly payouts, you should expect to start receiving your monthly payouts when you turn 70 years old, and will need to provide your bank account details to receive your payouts to your preferred bank account.
