New and Gift-Worthy notes will be issued by 72 DBS ATMs from 5 January
Preparations for the Chinese New Year are in full swing. All-new and fit-for-gifting notes – generally clean and suitable for recirculation – will be available on 5 Jan, DBS said on Tuesday (27 Dec).
The notes can be withdrawn from 72 DBS ATMs across 47 locations on the little red dot.
Online reservation systems at banks will soon allow customers to exchange cash for gift-worthy notes.
There are 72 ATMs at 47 locations that offer Fit notes
During Lunar New Year, new notes for red packets are always in high demand.
The demand for S$2 or S$10 denominations is even greater during the festive season.
DBS Bank announced Tuesday (27 Dec) that 72 pop-up ATMs across 47 locations would offer new and giftable notes.
In 2022, there were 64 ATMs available.
Pop-up ATMs will be located at DBS/POSB self-service branches and community centers. For ATM locations, customers can consult DBS/POSB’s map locator.
With effect from 5 January, the online map will also show estimated queue times at each location.
From 5 Jan to 20 Jan, it will be available from 10am to 10pm. During Chinese New Year’s Eve, 21 Jan, it will be available from 10am to 1pm. POSB staff will be available to assist customers during operational hours at all 47 locations. In this period, customers are limited to three withdrawals.
Reservations for the exchange of notes online
Both new and fit-for-gifting notes will now be available for online reservations through DBS, OCBC, and UOB.
Public members will be able to pre-book their collection slots for the exchange of notes starting on 5 January.
Online reservation systems are available at each bank. Most banks have two separate window periods for this.
Reservations will be available for notes in the denomination of S$2, S$10, and S$50. In DBS, customers can reserve notes worth S$10 and S$50 in batches of S$100 to S$500. Only the elderly and people with disabilities will be permitted to exchange money at bank branches on a walk-in basis.
Gifting can be done in a more environmentally-friendly way
This Lunar New Year, MAS encouraged the public to use e-angbao or notes suitable for gifting.
The issue of new notes generates unnecessary carbon emissions and wastes resources.
As previously announced, the central bank will no longer issue good-as-new S$2 notes for the upcoming Chinese New Year.
(Credits: DBS, Mediacorp/CNA)