There will also be more pop-up and branch ATMs dispensing fit notes across Singapore this year, the authority said. New notes will be available for withdrawal at selected pop-up and branch ATMs.
The denominations available for withdrawal at DBS, OCBC and UOB are S$2, S$10 and S$50 notes.
DBS, OCBC and UOB customers aged 60 and above, and those with disabilities will be allowed to walk in to exchange their old notes for fit or new notes without having to pre-book online.
However, MAS encourages them to do so to ensure the availability of notes and to reduce crowding at branches.
Customers of all other banks may refer to the respective banks’ websites for details on the fit and new notes exchange.
More than 16 million fit notes were exchanged at the banks last year, a 40 per cent increase from the previous year.
“This Lunar New Year, we hope that more Singaporeans will choose fit notes or e-hong baos. Together, we can contribute to a greener future, while keeping our cherished traditions alive,” said MAS assistant managing director of finance, risk and currency Cindy Mok.
Ms Mok said that the 40 per cent increase in the use of fit notes "reflects the public’s growing acceptance towards sustainable gifting".
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The denominations available for withdrawal at DBS, OCBC and UOB are S$2, S$10 and S$50 notes.
DBS, OCBC and UOB customers aged 60 and above, and those with disabilities will be allowed to walk in to exchange their old notes for fit or new notes without having to pre-book online.
However, MAS encourages them to do so to ensure the availability of notes and to reduce crowding at branches.
Customers of all other banks may refer to the respective banks’ websites for details on the fit and new notes exchange.
More than 16 million fit notes were exchanged at the banks last year, a 40 per cent increase from the previous year.
“This Lunar New Year, we hope that more Singaporeans will choose fit notes or e-hong baos. Together, we can contribute to a greener future, while keeping our cherished traditions alive,” said MAS assistant managing director of finance, risk and currency Cindy Mok.
Ms Mok said that the 40 per cent increase in the use of fit notes "reflects the public’s growing acceptance towards sustainable gifting".
Continue reading...