Where and how to get new banknotes for CNY 2021?
Due to the COVID-19 pandemic, getting crisp fresh banknotes for Chinese New Year will not be the same as previous years. Safety measures will be in place, restricting bank capacity. If you are looking to withdraw new banknotes, here is everything you need to know for CNY 2021.
1. 6 Things You Need To Know:
1.1 About collecting from banks
1) You need to pre-book an appointment at DBS, OCBC or UOB’s online reservation system before heading to the bank. Scroll down to find out more!
2) Except for people aged 60 and above or those with disabilities, no walk-ins at banks allowed.
3) Each customer is only entitled to one online reservation slot. You will also not be able to change your booking after the reservation is made.
1.2 DBS User? Here are 3 things you need to know about the Pop-Up ATMs
1) Customers are limited to a maximum of three withdrawals at these ATMs with a limited number of new notes.
2) Pop-up ATMs are only available from 25 Jan 2021 to 10 Feb 2021 (10am to 10pm), and 11 Feb 2021 (10am to 1pm).
2. So Where and How Can I Get New Bank Notes in Punggol?
The only bank to provide both online registration and pop-up ATMs.
1) Online Registration:
Closest POSB Branch to Collect From: 83 Punggol Central, #B2 – 09 Waterway Point, Singapore 828761 (see map)
|$2||$0, $200, $400, $600 or $800 (Good as new notes will be given if you reserve above $400)|
|$10||$0, $500, $1000|
|$50||$0, $500, $1000|
More slots will be available for reservation from 24 Jan (Sun) to 5 Feb (Fri). The collection dates are between 26 Jan (Tues) to 10 Feb (Wed). Limited to 1 reservation per customer. Amendments will not be allowed upon submission. The maximum amount for Chinese New Year new notes exchange is capped at $2,000 per customer.
2) Pop-Up ATMs:
There are no pop-up ATMs in Punggol. The following locations are closest to you:
Sengkang CC: 2 Sengkang Square, #01-01, Singapore 545025
Pasir Ris Elias CC: 93 Pasir Ris Drive 3, Singapore 519498
POSB Rivervale Plaza: 118 Rivervale Drive #01-21, Singapore 540118
|$100||($2 x 50 pcs)|
|$300||($10 x 30 pcs)|
|$500||($50 x 10 pcs)|
|$600||($10 x 20 pcs) + ($50 x 8 pcs)|
Please note that CNY new banknotes withdrawal will be available from 25 Jan to 10 Feb, 10am to 10pm, and 11 Feb, 10am to 1pm. Denominations available in S$2, S$10 and S$50, with 3 withdrawals per customer. Pop-Up ATMs will not be in service outside of the operating hours due to COVID measures.
*Visit DBS for more information.*
1) Online Registration:
Closest OCBC branch to collect from: 83 Punggol Central, #01 – 03 Waterway Point, Singapore 828761 (see map)
|Denominations||Limits you can reserve|
OCBC will reopen its online reservation service from 23 Jan (Sat) to 6 Feb (Sat). You will be required to enter their ATM, Credit or Debit Card number and card PIN for verification, followed by 2-factor authentication using an SMS OTP (sent to the mobile number registered with an OCBC Online Banking account).
No changes to the reservation details may be made after making the online reservation. Denominations are available in S$2, S$10 and S$50. Exchange up to S$1,200 worth of new banknotes.
*Visit OCBC for more information.*
1) Online Registration:
Closest UOB branch to collect from: 83 Punggol Central, #01 – 01 Waterway Point, Singapore 828761 (see map)
|Denomination||Limits you can reserve|
|S$10||Up to $500 (in multiples of $100)|
|S$50||Up to $500 (in multiples of $100)|
The registration service will continue again on 24 Jan (Sun) and 31 Jan (Sun). Customers can access the new banknotes reservation form via UOB Personal Internet Banking or UOB Mighty. Denominations are available in S$2, S$10 and S$50. Exchange up to S$1,200 worth of new notes. Alternatively, you may wish to send e-hongbaos through PayNow and PayNow via QR Pay on UOB Mighty. It is safe, contactless and environmentally friendly!
*Visit UOB for more information.*
Lunar New Year notes and ang baos (red packets) will be available from 25 January 2021 at all branches (except MSpace at Maybank), with safe distancing measures. The first banking hour is reserved for elderly persons above 60, or persons with special needs. Do check on the stock availability before visiting.
Unfortunately, the online reservation has closed since LNY Fortune Bundle are fully reserved. Consider sending your loved ones a digital ang bao using PayNow, so you can continue the tradition of giving even when you are unable to visit them due to the safe management measures.
Closest Maybank branch: 83 Punggol Central, #01 – 12 Waterway Point, Singapore 828761 (see map)
3. CNY 2021 Group Buys
Not done with your CNY shopping? Check out CNY 2021 Group Buys and get group buy deals when you shop with your neighbours!
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