Long queues for new notes ahead of Chinese New Year

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Long queues for new notes ahead of Chinese New Year
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A long queue, comprising mostly seniors who want to get their hands on new notes ahead of Chinese New Year, formed at two pop-up ATMs at Ci Yuan Community Club in Hougang on Thursday. The majority of people there opted for new notes instead of used notes that are...

New and fit-for-gifting notes can be withdrawn without any prior booking at pop-up ATMs offered by DBS Bank and selected UOB ATMs.

Walk-in exchanges at DBS, OCBC and UOB branches are available for those aged 60 and above and people with disabilities.“It has always been a tradition to give new notes to people during Chinese New Year. It will be strange to give people old or used notes,” said the 57-year-old.She said: “There is no harm trying fit-for-gifting notes, because they seem quite new. I feel these notes are acceptable to give during Chinese New Year.

The condition of these notes has been verified by banknote processing machines. The notes are similar in quality to those dispensed by ATMs. UOB managing director of group channels and digitalisation Benny Chan said booking slots for new notes and fit-for-gifting notes exchange at the bank’s branches were fully booked by about 8.30am and 12.40pm, respectively, on Wednesday.

The booking window for this first tranche will close on Saturday or when all slots have been taken up, said Ms Oh.

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