Where to change new notes for Chinese New Year 2022?

Where to change new notes for Chinese New Year 2022?

POSB - Chinese New Year Notes Exchange ATM 2022
Find out how and where to change new bank notes for Chinese New Year. Options include walk-in to bank branches, ATMs, and online reservations.

How to change new notes for Chinese New Year in 2022?

Changing new notes before the Chinese New Year is a tradition in Singapore and other Chinese communities. Freshly printed currency notes are carefully packed into red packets (hong-bao in Mandarin or ang-bao in the Hokkien dialect) to be given by elders to the younger generation as a symbol of good luck during the festive season. Apart from Chinese New year, red packets are also given during special occasions such as weddings, baby showers, or birthdays as tokens of good wishes.

Prior to the COVID-19 pandemic, the elders of a family will have to queue at the banks two to three weeks before the Lunar New Year to exchange new notes in smaller denominations of $2, $10, and $50. Luckily, in order to comply with Safe Management Measures, banks have offered more options for those who wish to exchange new notes.

We have compiled the details and policies for each of these options in 2022 as follows:

Can I walk-in to change new notes at bank branches?

According to the COVID-19 guidance by the Monetary Authority of Singapore (MAS), walking into selected DBS, POSB, OCBC, and UOB bank branches to exchange for new notes is only available to customers aged 60 years and above, or customers with disabilities. All other customers who do not fall within these two groups have to make their reservations online prior to collecting the notes.

The following is the list of bank branches in which customers eligible for walk-in note exchange can go to:

DBS / POSB

  1. DBS Bishan Branch
  2. DBS Marina Bay Financial Centre
  3. DBS Toa Payoh
  4. DBS Clementi Central
  5. DBS Holland V
  6. DBS Suntec City
  7. DBS Plaza Singapura
  8. DBS South Bridge
  9. DBS Parkway Parade
  10. POSB Paya Lebar
  11. DBS Towner Road
  12. POSB Bedok Central
  13. POSB White Sands
  14. DBS Kovan
  15. POSB Tampines Central
  16. DBS Tampines One
  17. DBS Ang Mo Kio Central
  18. DBS Woodlands
  19. POSB Square 2
  20. DBS Thomson
  21. POSB Yishun West
  22. POSB Compass One
  23. POSB Hougang Central
  24. POSB Waterway Point
  25. DBS Harbourfront
  26. POSB Tiong Bahru
  27. POSB Bukit Batok Central
  28. DBS Bukit Timah
  29. DBS Choa Chu Kang
  30. POSB Bukit Panjang
  31. POSB Jurong Point
  32. DBS Westgate

UOB

You can visit any of UOB branches.

OCBC

You can visit any of OCBC branches.

Where to withdraw new notes from the ATMs in Singapore?

You can also get new notes by withdrawing from DBS / POSB pop-up ATMs and at selected UOB ATMs designated for this purpose. No pre-booking or online reservation is required to draw new notes from these machines.

We noticed a long queue moments before the service was officially launched on the 11 January 2022. Customers are advised to check the status of the queues and the availability of the notes prior to visiting them.

DBS / POSB Pop-up ATMs

  • 61 ATMs loaded with new notes are made available in 41 locations islandwide
  • Available from 11 to 30 January 2022 (10am to 10pm), and on the 31 January 2022 (10am to 1pm)
  • Each customer is limited to three withdrawals throughout this period.
  • Customers will be able to withdraw new notes in sums of:
    • SGD 100 (SGD 2 x 50)
    • SGD 300 (SGD 10 x 30)
    • SGD 500 (SGD 50 x 10)
    • SGD 600 (SGD 10 x 20 + SGD 50 x 8).
  • Check the waiting time and locations of these pop-up ATMs and self-service touchpoints here.
  • If you have more questions about the pop-up ATMs, you can check the FAQs here.

UOB Lunar New Year (LNY) Machines

How to reserve new notes online?

You can also make an online reservation (or pre-booking) for new notes this CNY 2022. By reserving the notes online, you can pick your preferred timing and avoid the long queues at the branches or ATMs. Check out how you can pre-book your slot below:

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Author

Andrew L
A geek who's into start-up scene, business and technology. True blue Singaporean who checks his phone every other minute for breaking news and is someone who must always be in the know. Dislike queuing, though.