Tips To Avoid Chinese New Year New Dollar Notes Rush

Chinese New Year is just round the corner, less than a week!  Have you gone to the bank to change for new dollar notes?  It has been a tradition to pack sparkling new dollar notes into red packets (红包) before we, Chinese, distribute them to the young ones.


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Instead of queuing up in the bank to withdraw new dollar notes, you can actually do this to save you the hassle.  I have been doing this for years.  :)


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(1) I will keep all the S$2 notes from AJ's red packets.  We will count the collection together.  Say, if the total collection was S$100 worth of S$2 notes, I will keep those S$2 notes & exchange them for 2 pieces of S$50 notes.  In other word, we will not bank in S$2 notes at all.  Those bank in into his bank account will be S$10, S$50 & S$100 (if there is).

(2) These S$2 notes that are being exchanged (which are usually sparkling new notes), I will use them to pack for Chinese New Year red packets the following year.

(3) The rest of the denominations, like S$10 & S$50 notes, I will withdraw them via Automatic Teller Machine (ATM).  The machines dispense new sparkling notes anyway.

Thus, I saved my trip to the bank & use my precious time for something else.

You have queued in the bank & changed for new dollar notes already?  Never mind, follow my tips next year onwards & you won't have to queue any more!


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Comments

  1. Good way to save the queues. Good plan!!!

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  2. Very interesting :) I did read also, that some parents put in gold chocolate coins for their kids vs the money in the red envelopes, kinda cool too! :)

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    Replies
    1. That seldom happen these days, KouponGirl. Teachers may do that to their students as schools do not allow teachers to reward students with money. Parents to children, seldom.

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