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CNY New Notes 2023_ Where & How to Reserve New Notes for CNY This Year

CNY New Notes 2023: Where and How to Reserve New Notes for This Year

profileJustin Oh

Chinese New Year (CNY) is just around the corner!

And with that comes the tradition of giving out red packets to wish our friends and family an auspicious new year.

In the spirit of embracing both old and new, the Monetary Authority of Singapore (MAS) encourages us to use “Fit-for-Gifting” (Fit) notes or e-hong baos.

MAS will no longer produce and issue “Good-As-New” (GAN) dollar notes in 2023 for Chinese New Year.

As such, we will only be able to get New or Fit notes.

If you’re one who still prefers handing physical red packets to your relatives, here are some things you have to take note of when you want to exchange or order New/Fit notes online this CNY.

TL;DR: Withdrawing or Exchanging for New or “Fit-for-Gifting” Notes for CNY 2023

  • To withdraw New or Fit notes for CNY, you have to pre-book an appointment (available from 5 Jan 2023) at the respective DBS, OCBC, UOB, SCB, or Maybank’s online reservation website before heading to the bank. Only DBS, OCBC, and UOB offer both New/Fit notes while SCB and Maybank offer only New notes.
  • No walk-ins at banks are allowed, other than for people aged 60 and above or those with disabilities.
  • For online reservations, each customer is only entitled to one reservation slot throughout the CNY period. You will also not be able to amend your booking after the reservation is made.
  • To get New/Fit notes without pre-booking, there will be designated/pop-up ATMs disbursing them at various locations across Singapore from 5 Jan 2023.
  • Notes are disbursed on a first-come-first-serve basis.

Jump to:

DBS/POSB CNY New Notes 2023

Online Reservation

For DBS/POSB, CNY new notes will be available for online reservations from 5 to 8 Jan 2023, and 9 Jan to 15 Jan 2022. Online reservations must be made at least two days before the collection date.

Do note that you MUST make a reservation before heading down to the bank to collect new notes.

Here’s how to make a reservation:

Step 1: Visit DBS’s secured online notes reservation site.

Step 2: Key in your ATM/Debit/Credit Card Number and PIN for verification. (Login with last 4 digits of card number and your card pin)

Step 3: Select your preferred branch and key in your reservation Date and Time

Step 4: Indicate the number of DBS QR Gift Pack(s) and the desired quantity of notes for $2, $10, $50 (notes denomination).

Step 5: Confirm your details and selection. You will receive a confirmation email within 24 hours upon submitting your request.

Step 6: Collect your notes at the selected branch during the specified date and time.

Reservation service will be available from 9am on:

  • 5 to 8 January 2023 for collection dates from 10 to 13 January 2023
  • 9 to 15 January 2023 for collection dates from 16 to 20 January 2023

Important note: Please bring along your NRIC/Passport and ATM or debit card for the collection, and ensure that there are sufficient funds in your account at the point of collection.

Each customer is only entitled to one reservation slot for online reservations throughout the CNY period.

You will also not be able to amend your booking after the reservation is made.

For collection at retail branches, you can only reserve up to S$1,000 for new notes and S$1,200 for fit notes.

Reservations will be cancelled if the reserved notes are not collected on the selected date and location.


DBS pop-up ATMs will be available at Community Clubs from 5 Jan 2023 to 20 Jan 2023 (10am to 10pm) and 21 Jan 2023 (10am to 1pm).

Each customer can make up to 3 withdrawals during this period, and you can use any DBS/POSB card linked to your deposit accounts to withdraw these notes.

These pop-up ATMs are also customised to dispense note denominations of $2, $10, and $50.

Here are the 16 pop-up ATM locations at Community Clubs:

NoCommunity ClubsAddressPostal
1Anchorvale CC#59 Anchorvale Road544965
2Bedok CC850 New Upper Changi Road467352
3Bukit Panjang CC8 Pending Road678295
4Ci Yuan CC#51 Hougang Ave 9538776
5Clementi CC220 Clementi Ave 4129880
6Henderson CC500 Bukit Merah View159682
7Keat Hong CC#2 Choa Chu Kang Loop689687
8Macpherson CC#400 Paya Lebar Way379131
9Nee Soon East CC1 Yishun Ave 9768893
10Pasir Ris Elias CC#93 Pasir Ris Drive 3519498
11Taman Jurong CC1 Yung Sheng Road618495
12Tampines West CC5 Tampines Ave 3529705
13Teck Ghee CC861 Ang Mo Kio Ave 10569734
14Toa Payoh Central CC93 Toa Payoh Central319194
15Whampoa CC300 Whampoa Drive327737
16Yuhua CC90 Boon Lay Way609958

#Fit notes are available at these 5 locations: Anchorvale CC, Ci Yuan CC, Keat Hong CC, Macpherson CC & Pasir Ris Elias CC.

And 31 Self-Service/Financial Planning Branches:

NoSelf-Service Branches / Financial Planning BranchesAddressPostal
1DBS Alexandra460 Alexandra Road, #02-17119963
2DBS Great World City1 Kim Seng Promenade #01-126, Great World City237994
3DBS Marina Bay Sands​10 Bayfront Avenue #01-30, The Shoppes at Marina Bay Sands18972
4DBS Raffles Place22 Malacca St, #01-00, RB Capital Building48980
5DBS Serangoon Garden20 Maju Ave556694
6DBS Takashimaya391 Orchard Rd #B2-21-23, Takashimaya Shopping Centre Ngee Ann City238872
7POSB Ang Mo Kio North629 Ang Mo Kio Avenue 4 #01-1018560629
8POSB Boon Lay CC10 Boon Lay Place #01-06, Boon Lay CC649882
9POSB Bukit Batok West153 Bukit Batok West Street 11 #01-290/292650153
10POSB Bukit Panjang260 Bangkit Rd, #01-15670260
11POSB Canberra CC2 Sembawang Crescent #01-02, Canberra CC757632
12POSB Fernvale CC21 Sengkang West Avenue797650
13POSB Jurong West​501 Jurong West Street 51, #01-279640501
14POSB Kampung Admiralty676 Woodlands Drive 71 #01-K1 Kampung Admiralty730676
15POSB Kampong Ubi301 Ubi Avenue 1 #01-257400301
16POSB Nanyang Estate960 Jurong West St 92 #01-174640960
17POSB Potong Pasir CC6 Potong Pasir Ave 2 #01-02, Potong Pasir CC358361
18POSB Rivervale Plaza118 Rivervale Dr, #01-K1/K2 Rivervale Plaza540118
19POSB Serangoon Central​254 Serangoon Central Drive #01-203550254
20POSB Tampines East​201A Tampines Street 21, #01-1051521201
21POSB Tampines Hub51 Tampines Avenue 4, Unit #B1-20, Tampines Hub529684
22POSB Toa Payoh North107 Toa Payoh Lor 1 #01-266310107
23POSB Yishun North290 Yishun St 22 #01-401760290
24POSB Zhenghua CC1 Segar Road #01-06, Zhenghua CC677738
25POSB Buona Vista43 Holland Dr, #01-59270043
26POSB Eastpoint3 Simei Street 6, #01-24, Eastpoint Mall528833
27POSB Jurong East Central21 Jurong Gateway Road #01-03, CPF Jurong609646
28POSB Tanjong Pagar ​1 Tanjong Pagar Plaza, #01-4182001
29POSB Woodlands West​303 Woodlands St 31 #01-191/195730303
30POSB Yew Tee​ Square624 Choa Chu Kang Street 62 #01-252/254680624
31POSB Yishun Central926 Yishun Central 1 #01-183/185760926

Withdrawal Denominations & Options

For pop-up ATMs, there is a maximum of 3 withdrawals throughout the CNY period.

Options Amount & Denominations
Option 1 $100 = $2 x 50 pcs
Option 2 $300 = $10 x 30 pcs
Option 3 $500 = $50 x 10 pcs
Option 4 $600 = $10 x 20 pcs + $50 x 8 pcs

Branch Walk-Ins (for Customers Above 60 Years Old or People With Disabilities)

For branch walk-ins, new/fit notes exchange at the outlets will begin from 10 to 13 January 2023 and 16 to 20 January 2023.

This is for customers aged above 60 years old or people with disabilities.

DBS or POSB branches:

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

OCBC CNY New Notes 2023

For OCBC’s new notes, an online reservation service will begin from 5 Jan 2023 to 15 Jan 2023.

Online Reservation

Customers 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).

Available Reservation Dates

Booking window Collection period
5 to 7 Jan 2023 10 to 13 Jan 2023
9 to 11 Jan 2023 14 to 17 Jan 2023
13 to 15 Jan 2023 18 to 21 Jan 2023

Each customer is only allowed to make one booking online, and no changes to the reservation details may be made after completing the online reservation.

Denominations & Options

The overall limit for the exchange of notes is up to $1,200 worth of Fit notes and up to $1,200 worth of new notes at any OCBC bank branch.

Denominations Fit-for-gifting (Fit notes)
(limit per denomination)
New notes
(limit per denomination)
Available in multiples of 100
$200 $200
Available in multiples of 10
Available in multiples of 2
$1,200 $1,200
Overall limit $1,200 $1,200

UOB CNY New Notes 2023

Online Reservation

For those awaiting the UOB CNY new notes exchange, you can begin reserving new notes from 5 Jan 2023 onwards.

Customers can access the new notes reservation form via UOB Personal Internet Banking or UOB TMRW App by following these steps:

Step 1Key in name, last 4 alphanumeric characters of NRIC/PP and mobile number

Step 2Select notes denominations

Step 3Select preferred branch, date and time of appointment

Step 4: Click on ‘Send OTP’ and key in a valid OTP sent to your mobile number

Step 5: Click on ‘Verify OTP’

The online reservation slots are available on a first-come-first-serve basis, which means that you gotta be quick if you would like to select your preferred branch, date, or time slot.

Denominations & Options

Denominations Fit-for-gifting (Fit notes)
(limit per denomination)
New notes
(limit per denomination)
Available in multiples of 100
$200 $200
Available in multiples of 10
Available in multiples of 2
$1,200 $1,200
Overall limit $1,200 $1,200

Reservation service will be available on:

  • 5 January for collection from 10 to 14 January 2023
  • 12 January for collection from 16 to 20 January 2023

Where online slots are available for reservation, the earliest collection date available would be 2 business days ahead (excluding Sundays). The last day for online reservations is scheduled on 18 January 2023. However, in the event that all reservation slots are fully taken up prior to 18 January 2023, the online reservation portal will close without prior notice to customers.

UOB New/Fit-for-Gifting Notes ATMs

Alongside DBS, UOB will also offer new notes at 15 new notes ATM locations or Fit-for-Gifting (Fit) notes at two Fit notes ATM locations from 5 to 18 January 2023.

Fit-for-Gifting Notes

LocationsOperating Hours (Mon - Sun)Address
UOB Raffles City Branch9.00am - 7:30pmNo. 252 North Bridge Road #B1-04/05, Raffles City Shopping Centre, 179103
UOB Sengkang Express Centre10.30am - 7:30pmSengkang Square, #01-03 Sengkang MRT Station, No. 5, Singapore 545062

New Notes

LocationsOperating Hours (Mon - Sun)Address
UOB Ang Mo Kio10.30am - 7:30pmNo. 53 Ang Mo Kio Avenue 3 #B1-34, AMK Hub S569933
UOB Bedok9.00am - 7:30pmBlk 210 New Upper Changi Road #01-711 S460210
UOB Bukit Panjang9.00am - 7:30pmNo. 1 Jelebu Road #02-02, Bukit Panjang Plaza, 677743
UOB Hougang MRT9.00am - 7:30pmNo. 80 Hougang Central #01-01, Hougang MRT Station S538758
UOB Jem10.30am - 7:30pm50 Jurong Gateway Rd, #02 - 15 Jem, Singapore 608549
UOB New Bridge9.00am - 7:30pmNo. 1 Park Rd, #01-01/02 People's Park Complex, Singapore 059108
UOB Northpoint10.30am - 7:30pmNo.930 Yishun Avenue 2, #01-41/42/42, Northpoint Shopping Centre S769098
UOB Orchard9.00am - 7:30pmNo. 230 Orchard Road #01-230, Faber House S238854
UOB Parkway Parade9.00am - 7:30pmNo. 80 Marine Parade Road #01-13, Parkway Parade S449269
UOB PLQ10.30am - 7:30pm10 Paya Lebar Road 02-11/12 Paya Lebar Quarter, 409057
UOB Rochor9.00am - 7:30pm149 Rochor Rd, #01-26 Fu Lu Shou Complex, Singapore 188425
UOB Tampines9.00am - 7:30pmNo. 1 Tampines Central 1 #01-01, UOB Tampines Centre, 529539
UOB Tiong Bahru Plaza9.00am - 7:30pmNo. 302 Tiong Bahru Road #01-101/102 Tiong Bahru Plaza S168732
UOB Toa Payoh9.00am - 7:30pmNo.520 Lorong 6 Toa Payoh,1st Storey, HDB Hub S310520
UOB Woodlands9.00am - 7:30pm900 South Woodlands Drive #01-06, Woodlands Civic Centre S730900

Customers are allowed a maximum of 2 New/Fit notes withdrawals per ATM/ Debit card on a first-come-first-serve basis and subject to availability.

Standard Chartered Bank (Singapore) CNY New Notes 2023

Online Reservation

Standard Chartered is opening up reservations for new banknotes via Online Banking or the SC Mobile App from 5 January (10am) to 9 January 2023.

Customers can access the new notes reservation form via the Standard Chartered Mobile App by following these steps:

Step 1: Log in to the Standard Chartered (SC) Mobile App (please ensure you have updated your app to the latest version).

Step 2: Access the new banknotes reservation page by clicking on the reservation banner.

Step 3: Select your preferred banknote denominations:

  • S$2 (capped at S$400, in a bundle of $200)
  • S$5 (capped at S$400)
  • S$10 (capped at S$1,000)
  • S$50 (capped at S$2,000)

Step 4: Select your preferred collection date (between 10 January and 20 January 2023), time, and branch location.

Step 5: Verify your details and confirm your selection. A confirmation email will be sent to you upon receiving your request.

Step 6: Collect your new banknotes at your selected branch with your Reservation Confirmation email or Booking Reference Number, on your reserved date at the selected time.

Reservation service will be available from:

  • 5 January (10am) to 9 January 2023 for collection on 10 January to 20 January 2023

Please note that the first hour of branch opening is reserved for clients aged 60 and above and/or with special needs to exchange new notes without prior reservation.

Banknote denominations are each subject to availability on a first-come-first-serve basis.

Maybank Singapore CNY New Notes 2023

Online Reservation

Maybank also allows its customers to reserve their “Lunar New Year Fortune Bundle” (new notes) online.

Lunar New Year notes and red packets are available from 5 January 2023, 9am, and 12 January 2023, 9am at all branches (except Maybank MSpace). The first operating hour of each branch is reserved for elderly persons above 60 or persons with special needs.

How to place an order:

Step 1: Login to Maybank Online Banking.

Step 2: Click on the Lunar New Year Fortune Bundle banner

Step 3: Key in the necessary details and click ‘Next’

Step 4: Review the information and click ‘Confirm’ to proceed

Step 5: Check your inbox for the confirmation email.

Each individual can place up to 2 Lunar New Year Fortune Bundles during the CNY period.

Lunar New Year Fortune Bundles are available on a first-come-first-serve basis, while stocks last. You can place an online order only once during the entire pre-order period.

Do note that the collection date and time cannot be changed after the order has been confirmed.

You will need to bring along your identification document (e.g. NRIC) and a copy of the email confirmation, or provide your representative a duly signed letter of authorisation if you are unable to visit branch personally.

Do also note that your order will be cancelled and the funds will be credited back to your account on 21 January 2023 if it is not collected.

Denominations & Options

Each Lunar New Year Fortune Bundle comprises the following:

  • S$2 x 100 pieces
  • S$10 x 30 pieces
  • Total: S$500

What Is The Difference Between New, “Good-As-New” (GAN), and “Fit-for-Gifting” (Fit) Notes?

In an effort to become more sustainable and environmentally friendly, MAS will stop producing and issuing the “Good-As-New” S$2 notes from CNY 2023 onwards.

For the uninitiated, GAN notes are new notes deposited and returned to MAS right after the CNY and processed twice. Only the notes that are of very good quality are re-issued as GAN notes the following year.

This process generates additional carbon emissions comparable to the emissions for powering 32 four-room government-built flats yearly!

Meanwhile Fit notes are used currency notes that are generally clean and of suitable quality for recirculation, including for festive gifting.

Source: Nixon Tan

Giving Red Packets this Chinese New Year 2023

If you’re too lazy to follow the steps above…

Why not check out e-hongbaos instead?

Given how 330 tonnes of carbon emissions are generated by the production of new notes for each Chinese New Year… 🤯

Besides beating the crowds at the banks, you can help to save the Earth by doing this little switch this New Year!

Want to do more for the environment? Find out how reducing your plastic usage can help you save money now!

You can also do your Li Chun money depositing online this year too. Find out what’s your Best Auspicious 2023 Li Chun Timing here.

Source: Tenor

Happy Chinese New Year!

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About Justin Oh
Your average Zillennial who is obsessed with anime, games, movies and of course, personal finance. Join me as I break down personal finance into easily digestible and fun bits!
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