Child Benefit

Saving your Child Benefit

Everyone tries their best to plan for the future. Often time escapes us and then – suddenly! – the future is here, looking for enrollment fees, or a car, or a million other things. Now that all Mallow Credit Union accounts have a unique BIC & IBAN, members can choose to have their Child Benefit payment lodged directly into the Credit Union.

Members can direct the payment into their shares, into a separate savings account within their account or to a child’s savings account. You can set this up when registering for child benefit or you can apply to change the destination of the payment by completing a Child Benefit Change of Event form and returning to:

Child Benefit Section
Social Welfare Services
Department of Employment Affairs and Social Protection
St. Oliver Plunkett Road
Co. Donegal

Speak to a member of our team in your local branch for more information and to help ensure you’re happy with the destination of your payment, you can even set up to divide the payment between accounts. Sign up for CUonline+ – our online banking service – to manage your accounts and watch your savings grow.