Where And How To Get New And Fit Bank Notes For CNY 2025

Here's our guide to getting new and Fit-for-Gifting banknotes from DBS, POSB, OCBC, and UOB, as well as information on alternative sources for banknotes for Chinese New Year.

Chinese New Year this year comes early, landing on 29 January! This means you should soon be getting ready to exchange those newly minted banknotes. Or if you're striving to be more environmentally conscious this Year of the Snake, good-as-new banknotes (known as fit notes) are a completely respectable option. 

And it seems more Singaporeans think so too. In 2024, almost 2 in 3 ang bao givers in 2024 chose fit notes, resulting in emissions savings of around 408tCO2e, equivalent to the annual emissions from powering about 220 four-room public housing flats, according to the Monetary Authority of Singapore.

For 2025, fit notes continue to be offered by banks alongside new banknotes to help keep the season ecologically friendly. You’ll also need to make an online reservation (unless you have special reasons) and self-collect, or you can try getting your notes from selected ATMs put up for the season. 

Of course, the truly low-carbon choice is to go with e-ang baos, so that’s definitely an option too!

Table of Content

• Overview
• DBS and POSB Fit & New Notes 2025
  • DBS and POSB Pop-Up ATMs
• UOB Fit & New Notes 2025
  • UOB Pop-Up ATMs
• OCBC Fit & New Notes 2025
• Standard Chartered, Maybank, and CIMB Fit & New Notes 2025
• Fit & New Notes from Other Banks
• Things to note 

How to get new notes and Fit-for-Gifting notes for CNY 2025

DBS and POSB Fit & New Notes 2025

Online reservation and collection

As the largest bank network in Singapore, DBS and POSB will undoubtedly see the largest number of banknote exchange requests. This means you’re likely to encounter large crowds and long queues if you choose to get your ang pow money from them.

To better manage the crowd, DBS has implemented two separate sessions for banknote collections, both requiring an online reservation to be made online beforehand.

Here are the two sessions: 

More details and the online reservation page can be found here

Do note that each customer is limited to 1 reservation only, and amendments will not be allowed. A reservation must be made to exchange your banknotes unless you are aged 60 and above or have a disability.

The exchange limit is as follows for DBS/POSB online reservation and collection:

DBS/POSB Pop-up ATMs

Another way to exchange banknotes from DBS and POSB is via selected and pop-up ATMs, which will be loaded with both newly minted and Fit-for-Gifting banknotes.

You may obtain new notes from 57 pop-up ATMs, or fit notes from 15 pop-up ATMs located around the island, at publicly accessible amenities such as community clubs and self-service branches. View the full list of pop-up ATMs to locate one near you. 

For quicker service, these ATMs will offer denominations of S$2, S$10 and S$50 via the following packages:

DBS/POSB pop-up ATMs will be available during

• 14 to 27 Jan 2025, 10am to 10pm
• 28 Jan 2025, 10am to 1pm

Note that only a maximum of three withdrawals are allowed by any one individual. You may choose any combination of the four packages listed above for your withdrawals.

UOB Fit & New Notes 2025

Online reservation and collection

Similar to DBS and POSB, UOB has also set aside two sessions for exchanging new and Fit-for-Gifting banknotes. Reservations can be made online, by logging into their UOB Personal Internet Banking, or through the UOB TMRW app. More details can be found here.

The two sessions are as follows:

Do note that each customer is limited to 1 reservation only, and amendments will not be allowed. A reservation must be made to exchange your banknotes unless you are aged 60 and above or have a disability.

The exchange limit is as follows for UOB online reservation and collection:

UOB Pop-up ATMs

UOB will also be setting up pop-up ATMs across the country to better facilitate the exchange of new and Fit-for-Gifting banknotes. These will be available from 14 to 27 January 2025.

There will be a total of 17 ATM locations for new notes, and four ATM locations for fit banknotes. See here for the complete list of locations.

Customers can withdraw up to S$1,600, and there are four options available:

Note that only two withdrawals per day may be made per ATM or debit card.

OCBC, Standard Chartered, and Maybank

OCBC, Standard Chartered and Maybank are three more banks that will be offering new and fit banknotes.

However, you’ll have to first make an online reservation for the amount and denomination you need. In addition, you would need to submit the necessary details (mobile number, email address, branch details, time and date of collection).

Do note that these three banks will not be offering pop-up ATMs.

The reservation and collection details for each of the three banks are as follows:

OCBC Fit & New Bank Notes 2025

OCBC is the third local bank that will be offering both new and fit banknotes for the festive season. You may choose between online reservation and collection, or ATM withdrawals. Bank branch walk-ins without prior reservations are only available for persons aged 60 and above, or those with disabilities.

Online reservation and collection

There are two sessions available for online reservations and collection, as follows: 

As with the other two banks, only one reservation is allowed, and no amendments may be made. 

Here’s how much you may exchange via online reservation – this is for Personal Banking customers. Premier and Premier Private customers may access higher withdrawal amounts. 

Selected OCBC ATMs

Alternatively, you may visit selected OCBC ATMs to withdraw new or fit notes. Note that going this route will allow you to obtain up to S$1,800 worth of bank notes, higher than if you were to choose online reservation and collection. You may choose from the following packages:

There are a total of 13 locations you may make ATM withdrawals of fit or new notes from. See here for the full list as well as operating hours.

Earn up to 4.65% p.a. interest on your first S$100,000 with the OCBC 360 Account with only a few hoops. Apply now to maximise the interest on your savings. 

Standard Chartered Fit & New Bank Notes 2025

Standard Chartered CNY Banknote Exchange

At the time of writing, new notes have been fully redeemed at Standard Chartered Bank. From 14 to 28 January, fit notes may be requested via walk-in, with no reservations necessary. This is subject to availability. 

Note the following limits when exchanging bank notes.  

Maybank Fit & New Bank Notes 2025

Maybank is offering both new and fit notes for exchange, available to branch walk-in customers on a first-come, first-served basis from 14 January 2025 onwards at all Maybank branches (except Maybank MSpace).

You can also reserve your banknotes online via Maybank2u Online Banking, available from 14 January 2025. Each customer can reserve one Lunar New Year Fortune Bundle during the entire pre-order period. Collection is from 17 to 27 January.

Each Lunar New Year Fortune Bundle has a total value of S$1,200, comprising the following:

• S$2 x 100 pcs
• S$10 x 100 pcs

Other banks to get new CNY banknotes

Besides the banks highlighted above, new and Fit-for-Gifting banknotes are also available at several other commercial banks. 

You can pay a visit to any of these banks with no reservations required, but note that you will be served on a first-come, first-served basis. 

Depending on your location and luck, you may be able to quickly zip in during lunch or after work to get your CNY banknotes without fighting the masses. Still, it might be useful to call ahead.

Here’s a complete listing of other banks to exchange your notes:

• Bangkok Bank Public Company Limited
• Bank of America, National Association
• Bank of China Limited
• Bank of India
• PNB Paribas
• Citibank
• Deutsche Bank Aktiengesellschaft
• Habib Bank Limited 
• HL Bank
• HSBC Bank (Singapore) Limited
• Indian Bank
• Indian Overseas Bank
• Industrial and Commercial Bank of China Limited Singapore Branch
• KEB Hana Bank
• P.T. Bank Negara Indonesia (Persero) Tbk
• RHB Bank Berhard 
• State Bank of India
• The Bank of East Asia Limited
• UCO Bank

Things to note when exchanging CNY banknotes

No appointments needed for the elderly and persons with special needs

For individuals 60 and above, or persons with special needs, no reservations nor appointments are required. You may simply pay a visit to your nearest branch to exchange your CNY bank notes. 

It may be helpful to call ahead and check for any special arrangements that can let you skip the queue.

Book your slot early and be flexible 

Bank appointment slots are available on a first-come, first-served basis.

As a result, you could find yourself being locked out of your nearest bank branch, especially if it’s located in a busy precinct.

To heighten your chances of getting a spot at your desired branch, be sure to book your appointment as early as you can. 

Working with family members to keep your schedule open during this period can also help you secure a suitable appointment.  

Give sufficient lead time

Most banks will require at least two working days between the time you make your online reservation and your self-collection appointment. Also, collection may not be available on weekends and public holidays.

Be sure to plan ahead to allow yourself sufficient time to get your ang pows ready.

Bring identification and confirmation 

As cash is being collected, expect your bank to insist on collection in person (i.e., the person who made the online booking must be the one who collects the bank notes). 

Be sure to bring along your original identification, as well as any confirmation emails or notifications if applicable.

Have a backup plan

Due to the extremely high demand for new banknotes during CNY, banks are being extra strict. Reservations are restricted to one per account holder, and likewise for appointments.

Having a backup plan might be prudent, in case you fail to collect your bank notes as planned. 

If you choose to book a second appointment at another bank as a backup, be sure to cancel your appointment once you no longer need it so your place may be given to others. 

You may also try your luck at other banks (see the list above) which are also offering new or Fit-for-Gifting banknotes. 

Alternatively, take the eco-friendly, pandemic-cautious route and offer e-hong pows instead. That way, you won't have to worry about joining the queue for exchanging notes.

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