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New banknotes exchange | From January 26th, it can be exchanged to the 30th year. HSBC, Bank of China and Standard Chartered.

2021-01-19T13:37:32.412Z


As the Lunar New Year is approaching, many citizens will exchange new banknotes. The HKMA stated that it has considered with the three note-issuing banks whether to cancel the arrangement for the exchange of new banknotes this year. However, it is expected that even if the relevant arrangements are cancelled, there will still be public


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Written by: Huang Weilun

2021-01-19 19:24

Last update date: 2021-01-19 21:28

As the Lunar New Year is approaching, many citizens will exchange new banknotes.

The HKMA stated that it has considered with the three note-issuing banks whether to cancel the arrangement for the exchange of new banknotes this year. However, it is expected that even if the relevant arrangements are cancelled, there will still be people withdrawing money from the note-issuing bank or directly requesting the exchange of banknotes, so it will maintain the new exchange. The banknote arrangement will provide twice the amount of new banknotes in stock and extend the time for changing banknotes. People are urged not to rush to exchange new banknotes in the first few days.

HSBC and Bank of China today (19th) also explained the banknote exchange arrangements.

Both banks stated that they would provide new banknote exchange services at their branches from January 26 to February 11. In order to reduce the waiting time and maintain social distancing, the branches will meet from January 26 to February 11. One hour earlier, it opens at 8 am.

HSBC also stated that customers can pick up chips at a branch on the spot, and exchange new banknotes at the branch at a designated time on the same day.

In addition, the Hong Kong Monetary Authority said it encourages the public to distribute profits electronically. HSBC stated that it can distribute electronic profits to relatives and friends through PayMe and other methods; the Bank of China said it will launch "BoC Pay" and mobile banking "Phone Lishi" (Lishi) Service for citizens to distribute electronic benefits.

▼New Year's Fair at Victoria Park in 2020▼

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Hong Kong Monetary Authority: This year’s new banknotes are doubled from previous years to New Year’s 30

The HKMA stated that it has considered with the three note-issuing banks whether to continue to provide currency exchange services during the epidemic, but believes that cash withdrawal is a service that banks must provide. Even if the arrangement for new note-issuing banks is cancelled, citizens will still withdraw money from the note-issuing banks Or directly ask for banknotes.

The HKMA stated that in order to cater for the needs of this group of people and those who do not have electronic payment channels, especially the needs of the elderly, as well as the importance of fighting the epidemic, the bank will take measures to protect customers and employees.

According to the HKMA, the current inventory of new banknotes has doubled the amount of new banknotes issued during the previous New Year period, and the welcome banknotes have tripled. The banknote exchange time has been extended from about two weeks in the previous year to three weeks, from January 26 to On February 11 (year 30), the day before the Lunar New Year, the public is urged not to rush to exchange new banknotes in the first few days.

HSBC said that according to recent surveys, customers still want to exchange physical banknotes to close the market.

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▼Renewal of banknotes in January 2020▼

HSBC stated that according to recent investigations, customers still want to exchange physical banknotes to close the market. Therefore, special arrangements have been made to provide new banknote exchange services at branches from January 26 to February 11, in order to reduce the waiting time in the queue. And to maintain social distancing, from January 26 to 30, except for outlying island branches, day and night wealth management centers, commercial customer service centers, and mobile banks, all other branches will open at 8 o'clock in advance.

Special arrangement for HSBC banknote exchange:

-Customers can go to the branch to pick up the chips on the spot, and exchange for new banknotes at the branch at the designated time on the same day

-The branch will set up an express counter to provide customers with valid chip numbers with a set of new banknotes worth 3,000 Hong Kong dollars, including 100 new banknotes of 20 yuan and 20 new banknotes of 50 yuan

-Customers do not need to receive a chip number and can also exchange the "welcome banknotes" at branches

-HSBC Jade and HSBC Premier customers can contact their relationship manager to reserve new banknotes for collection at the selected time and branch

The Bank of China said that in addition to continuing to implement diversion and epidemic prevention measures, branches will also set up new banknote exchange counters.

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BOC provides "New Banknote Standard Pack"

As for the Bank of China, it will also provide new banknote exchange services at branches from January 26 to February 11, and during January 26 to 30, except for airport branches, all bank service centers and safe deposit box service centers, the rest The branch opens at 8 o'clock earlier.

The Bank of China pointed out that in addition to continuing to implement diversion and epidemic prevention measures, the branch will also set up new banknote exchange counters and provide a total of 3,000 yuan in "new banknote standard packs" (including 100 HK$20 and 20 HK$50 new banknotes). In order to reduce the time for customers to exchange money, reduce the flow of people, and protect the health of citizens and employees.

Standard Chartered only exchanges new banknotes in the first two hours of opening the first three days

Standard Chartered Bank will also provide new banknotes and "welcome banknotes" exchange services at the same time, and will implement crowd management and distribution. The public does not need to wait outside the branches. All branches will provide new banknote exchange services as early as 8 am in the first three days. During the period from 8 am to 10 am, all branch counters will only provide new banknote exchange services to speed up the exchange process, shorten the waiting time, and make normal banking services smoother.

The number of new banknotes in each branch is determined in response to district needs, and the amount is limited every day.

There is no limit to the number of times each citizen can exchange new banknotes, except that the maximum number of exchanges is 50 ten yuan and twenty yuan new banknotes, 20 fifty yuan, 100 yuan and 500 yuan new banknotes each, and 1,000 yuan new banknotes. 10 pieces, unlimited number of welcome notes.

In addition, Standard Chartered encourages customers to use "e-profit" to collect cash from relatives and friends through SC Pay "FPS". After completing the transaction, there are 12 new stickers for customers to send to relatives and friends at the same time. Thank you, and you can participate in the lucky draw to win rich rewards. Details will be announced later.

The HKMA encourages the public to use electronic payment methods as far as possible to distribute profit to the city, without the need to distribute physical profit to the city.

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The HKMA encourages the use of "FPS" Perry City

In addition, the HKMA encourages citizens to use electronic payment methods as far as possible, such as using online or telephone banking, the "FPS" of the HKMA, or other e-wallets on the market, to replace the payment entity; Before going to the bank to change banknotes, check whether there are still new banknotes or "welcome banknotes" at home.

HSBC pointed out that customers are encouraged to use electronic channels to distribute profit markets. The public can use PayMe or HSBC mobile banking applications, and HSBC Internet Banking's Faster Payments (FPS) function to distribute electronic profit markets to relatives and friends and send blessings.

The Bank of China said that BoC Pay and mobile banking will soon launch new electronic profit market functions.

Hong Kong Monetary Authority: The public can exchange new banknotes from next Tuesday to the 30th of the Lunar New Year

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HSBC HSBC Bank HSBC Bank HSBC New Banknote Lunar New Year Bank of China Hong Kong Bank of China

Source: hk1

All news articles on 2021-01-19

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