Fresh RM10 And RM50 Banknotes For CNY Will Be Available At Selected Bank ATMs

Alex Cheong Pui Yin

19th January 2022 - 3 min read

(Updated on 26 January 2022.)

With Chinese New Year (CNY) once again just around the corner, Malaysians are looking forward to a more relaxed standard operating procedures (SOP) this year that will allow for a proper family reunion. Keeping in tradition, those celebrating the festive season will also hope to bless their loved ones with angpows (or red packets) during the occasion.

Without doubt, those who wish to hand out physical angpows to their family members this coming CNY will want to get their hands on some brand-new notes. Some banks have announced when and where their customers can withdraw these notes, including:

AmBank

AmBank has also announced that new RM10 and RM50 notes are now available for withdrawal at the ATMs of selected branches. All of these ATMs will dispense new RM10 notes, but only a number will provide new RM50 notes, so if you’re looking to withdraw a specific denomination, be sure to double check the list here before heading out. Your withdrawals should most likely be determined by your card’s limit, and the availability of the notes in the machines.

CIMB Bank

cimb-branch-1 — (Image: New Straits Times)

You can obtain fresh notes for CNY at selected CIMB automated teller machines (ATMs) nationwide between 24 January until 2 February, although they are dispensed only in the denomination of RM10. Fresh RM50 notes are available as well, but only exclusively at the ATM in Menara CIMB, so you’ll have to make your way there if you’re looking specifically to withdraw notes in this denomination.

Unlike previous years, CIMB did not clarify this time round whether customers will be limited to a maximum amount per withdrawal, or a maximum number of withdrawals per day. However, your withdrawals will most likely be determined by your card’s limit, and the availability of the notes in the machines.

Hong Leong Bank

Hong Leong Bank announced on its Facebook page that CNY new notes are now available to be exchanged at branches, but did not share a full list. You may have to visit your nearest branch to enquire if this service is available, which is offered on a first-come first-served basis.

The bank also clarified that the exchanged notes will be provided in the form of new and fit notes.

Maybank

Maybank customers will also be able to withdraw new RM10 and RM50 notes from ATMs at selected locations, starting from today until 1 February 2022. Note that Maybank has arranged each of these ATMs to dispense only specific denominations of fresh notes (e.g. ATM 1 only dispenses RM10, while ATM 2 only dispenses RM50), so if you’re looking to withdraw specific denominations, you may want to check the locations of these ATMs before heading out.

Maybank also did not state the maximum limit per withdrawal or per day, but you are likely to be restricted by your withdrawal limit and the availability of the notes as well.

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Aside from physical angpows, you can also consider sending e-angpows to families and relatives too – especially those who are living some distance from you or are unable to make it back for the family reunion! Made popular last year due to the Covid-19 pandemic and ensuing travel restrictions, many banks and e-wallets are actively promoting the use of digital red packets this year as well, which will no doubt bring just as much joy to your CNY celebration.

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Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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