Singapore, 15 Jan 2024 - DBS/POSB customers gearing up for the upcoming Chinese New Year (CNY) festivities can enjoy more convenience with the bank's array of digital and traditional gifting solutions.

• As more customers embrace digital gifting options, DBS/POSB continues to offer its popular DBS QR Ang Bao and eGift options to meet this growing demand. From now until 25 January, customers can order DBS QR Ang Baos via the bank's digibot service and have them delivered to their doorstep before CNY.

• Customers who use the DBS QR Ang Bao or eGift and keep cash withdrawals under SGD 600 from 15 January to 29 February can stand a chance to win up to SGD 88,888 in cash in the bank's "Give Huat, Win Huat" giveaway.

• Those who prefer traditional cash gifting can reserve new and Fit-for-Gifting^[1] notes (Fit notes) via the bank's online reservation portal starting 17 January and collect the notes from 24 January onwards. Customers can also obtain these notes at any one of the 72 pop-up ATMs in DBS/POSB self-service branches and community centres^[2] from 24 January onwards. These pop-up ATMs are in addition to the current network of over 1,200 DBS/POSB ATMs where customers can withdraw cash round-the-clock.

Jeremy Soo, Managing Director and Head of Consumer Banking Group (Singapore), DBS Bank, said, "As we usher in the Year of the Dragon, we are excited to bring back our digital gifting solutions that blend innovation with tradition. Since the launch of the DBS QR Ang Bao in 2019, we have seen a steady increase in its adoption. Today, it is the go-to option that many customers choose for their CNY gifting. This year's DBS QR Ang Bao features a refreshed slot-in design that mirrors the opening of a traditional Ang Bao, ensuring that the joy of gifting remains intact for both gifters and receivers. We will continue to prioritise convenience and joy for our customers, ensuring that their gifting experiences are both seamless and delightful while preserving cherished age-old traditions."
Elevate festive gifting with DBS QR Ang Bao
Digital gifting continues to increase in popularity, with more customers embracing and using DBS QR Ang Bao and/or eGift over the past few years.
In 2023, the bank saw a 20% increase in customers using QR Ang Bao and/or eGift for the first time. Over SGD 15 million was gifted via DBS QR Gift and eGift during CNY – an increase of more than 30% compared to 2022. Of this, over SGD 11 million was gifted via DBS QR Ang Bao, which is nearly seven times that gifted in 2019 when the option was first launched.

This year's QR Ang Bao features a refreshed slot-in design, which draws inspiration from traditional Ang Bao envelopes, marrying innovation with the age-old tradition of Ang Bao gifting. The QR Ang Bao affords greater convenience to both gifters and recipients.
Gifters can:

• Skip the queues for new notes and tap on the complimentary DBS QR Ang Bao click and deliver service. From now until 25 January, customers can place an order for DBS QR Ang Baos on the bank's website and have them delivered to their doorstep before CNY. Alternatively, they can conveniently obtain DBS QR Ang Baos from DBS/POSB branches located across the island.

• Load up to 10 QR Ang Baos at one go and keep track of how much is gifted digitally via the DBS PayLah! app QR Gift dashboard. Anyone can redeem a QR Ang Bao, as long as they have DBS PayLah! or a PayNow-linked bank account.

Recipients can:

• Easily scan the QR code and instantly have their monetary gift deposited into their PayLah! wallet or bank account, saving the hassle of having to bank in their Ang Bao money in person.

Customers are also increasingly comfortable with exchanging eGifts, with the amount gifted through eGift rising 40% to more than SGD 4 million in 2023. DBS eGift was first launched in 2015 as Singapore's first digital Ang Bao at that time and has since been enhanced to allow for even more personalised gifting. With eGift being available at any time and from anywhere, it allows customers to spread joy and blessings to their loved ones even if they may not be physically together to celebrate CNY.
Win up to SGD 88,888 in the "Gift Huat, Win Huat" giveaway
To spread more festive cheer and joy, the bank will be offering customers a chance to win up to SGD 88,888 when they use the DBS QR Ang Bao or eGift, and keep cash withdrawals under SGD 600^[3]. In addition to the grand 'Ultimate Huat' prize of SGD 88,888, the bank will also be giving out cash prizes of SGD 58,888, SGD 28,888, SGD 288 and SGD 88.

Between 15 January and 29 February, customers who gift a DBS QR Ang Bao or eGift (of minimum SGD 8) and withdraw less than SGD 600 in cash will immediately qualify for a chance in the draw. Customers need to be of at least 18 years of age and have a DBS/POSB Current and/or Savings Account(s) on top of DBS PayLah! to be eligible for the draw. The lucky draw will be conducted on 30 April 2024 and winners will be announced on the same date. For more information, please visit https://go.dbs.com/sg-qrgift.
Reserve new and Fit notes via the bank's online reservation portal from 17 to 28 January
Customers can reserve new and Fit notes via the bank's online notes reservation portal and collect them at their indicated bank branch of preference during the designated collection period. From 17 to 28 January, customers can visit https://go.dbs.com/CNY2024 to indicate the quantity and denominations of new and Fit notes required, and select the date, time and bank branch from which they will collect the notes (See details in Table 1). To ensure as many customers as possible can access the service, each customer will have a maximum of one reservation slot. Customers can reserve SGD 2, SGD 10 and SGD 50 dollar note denominations, capped at SGD 1,000 for new notes, and SGD 1,200 for Fit notes.

To better cater to the needs of seniors, dedicated collection slots will be set aside for them during branch operating hours to collect their reserved notes. Additionally, walk-in requests for new and Fit notes withdrawal and exchange services at branches will be restricted to customers aged 60 and above, and customers with disabilities.
Withdraw new and Fit notes from 72 pop-up ATMs across 48 locations
In addition to the online reservation and collection service, customers can also withdraw new and Fit notes at any one of the 72 pop-up ATMs across 48 locations. This service will be available from 10am to 10pm daily from 24 January to 8 February, and 10am to 1pm on 9 February (eve of CNY). Each customer will be limited to three withdrawals of new and Fit notes throughout the CNY period. Customers will be able to withdraw new and Fit notes in sums of SGD 100 (SGD 2 x 50), SGD 300 (SGD 10 x 30), SGD 500 (SGD 50 x 10) and SGD 600 (SGD 10 x 20 + SGD 50 x 8).
Customers who are planning to head down to the bank's pop-up ATMs are strongly encouraged to check the location details and estimated queue times via the bank's pop-up ATM heatmap:https://www.dbs.com/pop-up-atm/index.html.

Save more with DBS/POSB's CNY-exclusive promotions
Amid rising costs, DBS/POSB have curated a series of DBS/POSB cards and DBS PayLah! deals offering attractive cash rebates and discounts this CNY, so customers can save more as they prepare for the upcoming festivities. From 17 January to 29 February, DBS/POSB cardholders can receive up to SGD 88 cashback when they sign up for the DBS CNY Card Campaign on DBS PayLah! and use their DBS/POSB credit cards to pay for their festive shopping and dining. Cardholders of the DBS Yuu Card and POSB Everyday Card can also enjoy limited-time discounts and sweet deals on CNY goodies, gift sets and groceries.
Those looking to move into a new home this new year can also enjoy more 'huat' with the DBS Home Loan CNY special promotion, featuring a bonus Ang Bao of up to SGD 888 when they apply for a new home loan from now until 29 February 2024.
^[1] https://www.mas.gov.sg/news/media-releases/2024/choose-fit-for-gifting-notes-and-e-hong-baos-this-lunar-new-year
^[2] https://www.dbs.com/pop-up-atm/index.html
^[3] Cash withdrawal refers to local withdrawal from any of the customer's DBS/POSB Current or Savings Accounts, as well as Cashline accounts via DBS/POSB Self-Service Banking channels (e.g. ATMs and CNY Pop-up ATMs) and over-the-counter at DBS/POSB Branches.

About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named "World's Best Bank" by Global Finance, "World's Best Bank" by Euromoney and "Global Bank of the Year" by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named "World's Best Digital Bank" by Euromoney and the world's "Most Innovative in Digital Banking" by The Banker. In addition, DBS has been accorded the "Safest Bank in Asia" award by Global Finance for 14 consecutive years from 2009 to 2022.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region's most dynamic markets.
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.