Chinese New Year Bank Note– As Chinese New Year (CNY) 2025 approaches, major banks in Singapore, including DBS, OCBC, and My Bank, are enhancing services to ensure that the tradition of giving new notes remains convenient, efficient, and eco-friendly. The practice of distributing fresh banknotes during CNY symbolizes prosperity and good luck, and these banks have introduced various services
Such as online reservations, expanded ATM access, and digital gifting, to streamline the process for their customers. Please note that walk-in exchanges at bank branches are available only for individuals aged 60 and above or persons with disabilities. For the most accurate and up-to-date information, please refer to the official websites of the respective banks.
Chinese New Year Bank Note 2025
For the 2025 Chinese New Year, major banks in Singapore, including DBS, OCBC, and UOB, have implemented online reservation systems for new and fit-for-gifting notes. Reservations commenced on January 7, 2025, and collection periods are scheduled from January 14 to 27, 2025.
Each customer can reserve up to S$800 worth of new notes and S$1,400 worth of fit notes. For those who missed the reservation period, fit notes are available for withdrawal at selected ATMs and bank branches from January 14 to 28, 2025. Additionally, digital gifting options like e-Ang Baos are offered for a more eco-friendly approach to festive giving.
Chinese New Year Bank Note 2025 Overviews
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New Notes Reservation Services
To accommodate the growing demand for new notes, banks such as DBS, OCBC, and My Bank have launched online reservation systems. Customers can book their preferred denominations—SGD 2, SGD 10, and SGD 50—through the banks’ mobile apps or websites. The reservation periods typically span from January 7 to January 20, 2025, with collection available from January 14 to January 27, 2025. This system ensures a smooth process and avoids long waiting times for customers.
DBS has gone the extra mile by doubling its available reservation slots this year compared to the previous year. This expansion is designed to improve access and reduce wait times. OCBC and My Bank follow suit with similar reservation systems, allowing customers to reserve new notes conveniently and avoid crowds.
Fit Notes: Eco-Friendly Gifting Option
Fit notes, or used but high-quality notes, are a sustainable alternative to brand-new currency notes. These notes are carefully inspected for quality and cleanliness, making them perfect for use in red packets, a CNY tradition. By opting for fit notes, customers contribute to environmental sustainability by reducing the need for new notes, thereby minimizing the carbon footprint associated with currency printing.
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Walk-In Exchanges for Special Groups
For customers who may not be able to use online services, walk-in exchanges are available. These exchanges are designed to be inclusive, with a focus on accessibility for elderly people (60 years and above) and individuals with disabilities. Special arrangements are made at certain branches to assist these groups in getting fresh notes without needing to use digital platforms.
Digital Gifting Options for a Modern Touch
As part of the move toward modernization, digital gifting has gained popularity. Banks like DBS, OCBC, and My Bank offer digital alternatives to traditional red packets. DBS customers can use the QR Gift feature to create a personalized QR code, or send eGifts directly through the DBS mobile app. OCBC offers the eAng Bao service, a secure and eco-friendly method to send digital red packets. My Bank provides a similar digital red packet service through its app, enabling users to send gifts easily and conveniently.
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Bank Collection Schedules and ATM Services
To make the collection process even more convenient, DBS offers 61 ATMs across 41 locations, operating from 10 AM to 10 PM daily, with shorter hours on CNY Eve. Customers can withdraw new notes from these ATMs, with a limit of three withdrawals per customer. OCBC and My Bank also provide strategically placed ATMs and branch services, with priority assistance for elderly and disabled customers.
Conclusion
In 2025, the banks’ efforts to incorporate both tradition and modern technology make Chinese New Year celebrations more convenient and sustainable. The availability of new notes through reservations, walk-in exchanges for priority groups, and digital gifting options reflect the banks’ commitment to honoring traditional practices while embracing eco-friendly and innovative solutions. With these services, customers can celebrate CNY with joy, convenience, and environmental responsibility, ensuring that the festive spirit remains alive while adapting to contemporary needs. Whether through new notes, fit notes, or digital gifting, the banks are helping make this Chinese New Year both a prosperous and green one for all.
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