TAIPEI (The China Post) – Chinese New Year is almost upon us, so in order to “clear out old things and make way for new ones”, local banks exchange old bills for new ones from now until Feb. 1.
Demand for crisp banknotes is high so hurry up because you can only exchange up to 100 bills of NT$100.
The popular service is available at Bank of Taiwan, Land Bank of Taiwan, Taiwan Cooperative Bank, First Commercial Bank, Hua Nan Commercial Bank, Chang Hwa Bank, Taiwan Business Bank, and Chunghwa Post, at 453 locations around the country.
For maximum convenience, automated teller machines (ATMs) have also been filled with new bills. So, if you don’t want to wait in line, remember that you can get your new bills at an ATM near you.
Since Jan.28, seven banks have also opened exclusive bank notes exchange counters to provide better service at designated 370 branches. Chunghwa Post also provides such exclusive service at 25 branches in urban areas.
Meanwhile, 58 branches of Chunghwa Post in remote areas provide exchange banknotes at general counters too.
For the most wanted NT$100 bills, banks provide up to 100 bills per person, while the amount of NT$500 and NT$1,000 bills depends on the total amount you want to exchange.
The Central Bank has reminded the public that owing to fund dispatching and inventory constraints, the total amount of new bills available varies in each location.
If you cannot exchange enough notes, you are invited to visit other locations nearby.
Last but not least, remember that the banknotes at most banks and ATMs are new for now. It could also change during the Chinese New Year holiday as some users might deposit their old bills in the machines too.