ROC Year 106 (2017) Regulations for Exchanging New Banknotes Before Lunar New Year and Designated Banks (Post Offices) Information

As Lunar New Year approaches, the Central Bank has announced that from January 20 (Friday) until January 26 (Thursday), the seven major public banks and post offices around the country will provide new banknote exchange services.

General private banks and credit cooperatives may decide on their own whether to provide new banknote exchange services. For example, Tamsui First Credit Cooperative provides small-quantity over-the-counter new banknote exchange services, and Taipei Fubon Bank’s 127 branches across Taiwan provide over-the-counter new banknote withdrawal services for depositors.

The seven major public banks are “Bank of Taiwan,” “Land Bank of Taiwan,” “Taiwan Cooperative Bank,” “First Commercial Bank,” “Hua Nan Commercial Bank,” “Chang Hwa Commercial Bank,” and “Taiwan Business Bank,” which will designate a total of 454 head offices and branches nationwide as banknote exchange points (please refer to Appendix 1). Among them, Bank of Taiwan will provide exchange counters at 160 business units excluding simplified branches, and during the Lunar New Year period, will provide new banknote withdrawal services at ATMs across Taiwan.

In addition, Chunghwa Post will designate 83 of its 1,311 post offices nationwide to provide new banknote exchange services, including setting up exchange counters at 25 post offices in metropolitan areas, and providing new banknote exchange services at the general business counters of 58 post offices in remote areas (for detailed post office information, please refer to Appendix 2).

The Central Bank stated that each exchange unit must post a notice at its main entrance and business hall stating “This branch (sub-office) provides new banknote exchange. 2,000-yuan and 200-yuan notes are welcome for exchange. 100-yuan notes are limited to 100 per person, and the remaining 1,000-yuan and 500-yuan notes are supplied in limited quantities,” and set up a dedicated “New Banknote Exchange Counter” to clearly inform the public of the relevant exchange regulations. The most popular red 100-yuan note among the new banknotes still maintains the regulation of previous years, allowing each person to exchange only 100 notes (10,000 yuan) per visit.

NT$100 (front)

Further reading: Super Practical! The Lunar New Year “Red Envelope Amount Table” for You to Know.

Appendix 1: Information on Branches of the Seven Major Public Banks Providing New Banknote Exchange

Hua Nan Bank (43 branches in total)

• Taipei, Keelung, and Yilan area: Business Department, Minsheng, Zhongxiao East Road, Nanjing East Road, Yuanshan, Xindian, Taishan, Sanxia, Yingge.
• Taoyuan, Hsinchu, and Miaoli area: Guishan, Nankan, Bade, Daxi, Guanyin, Zhongli, Longtan, Yangmei, Xinfeng, Zhudong, Zhunan.
• Taichung, Changhua, and Nantou area: Taichung, Dongshi, Qingshui, Shalu, Caotun, Hemei, Xihu, Yuanlin.
• Yunlin, Chiayi, and Tainan area: Xiluo, Puzi, Xinying, Madou, Tainan, Yongkang, Rende.
• Kaohsiung and Pingtung area: Luzhu, Neipu, Renwu, Jiadong, Kaohsiung, Xiaogang, Fengshan, Pingtung.

Chang Hwa Bank (35 branches in total)

• Taipei, Keelung, and Yilan area: Head Office Branch, Datong, Dunhua, Minsheng, Chengdong, Xinzhuang, Linkou, Ruifang.
• Taoyuan, Hsinchu, and Miaoli area: Taoyuan, Hsinchu, Yuanli.
• Taichung, Changhua, and Nantou area: Business Department, Taichung, Dongshi, Dali, Qingshui, Shalu, Dadu, Caotun, Nantou, Shuiliikeng, Changhua, Xihu, Erlin, Beidou.
• Yunlin, Chiayi, and Tainan area: Douliu, Xiluo, Dounan, Tuku, Beigang, Dalin, Chiayi, Tainan.
• Kaohsiung and Pingtung area: Kaohsiung, Hengchun.

First Bank (36 branches in total)

• Taipei, Keelung, and Yilan area: Business Department, Anhe, Yuanshan, Beitou, Shipai, Jiangzicui, Yonghe, Tamsui, Xizhi, Keelung, Ruifang, Yilan.
• Taoyuan, Hsinchu, and Miaoli area: Zhongli, Guanxi.
• Taichung, Changhua, and Nantou area: Taichung.
• Yunlin, Chiayi, and Tainan area: Xiluo, Puzi, Jiali, Madou, Shanhua, Xinhua, Guiren, Yanshui, Yongkang, Dawan, Tainan.
• Kaohsiung and Pingtung area: Kaohsiung, Ziben, Luzhu, Qishan, Wanluan, Hengchun, Linyuan.
• Hualien and Taitung area: Hualien, Taitung.
• Offshore islands area: Penghu.

Land Bank (27 branches in total)

• Taipei, Keelung, and Yilan area: Business Department, Heping, Guting, Zhongxiao, Nangang, Banqiao, Yilan.
• Taoyuan, Hsinchu, and Miaoli area: Taoyuan, Hsinchu, Tongxiao.
• Taichung, Changhua, and Nantou area: Taichung, Nantou, Fuxing.
• Yunlin, Chiayi, and Tainan area: Douliu, Chiayi, Tainan, Baihe.
• Kaohsiung and Pingtung area: Kaohsiung, Pingtung, Meinong, Fangliao, Gaoshu, Dashe.
• Hualien and Taitung area: Hualien, Yuli.
• Offshore islands area: Kinmen, Jincheng.

Taiwan Business Bank (39 branches in total)

• Taipei, Keelung, and Yilan area: Business Department, Songjiang, Zhongxiao, Nanjing East Road, Da’an, Wugu, Linkou, Keelung, Yilan.
• Taoyuan, Hsinchu, and Miaoli area: Nankan, Bade, Dayuan, Zhongli, Longtan, Hukou, Zhubei, Zhudong, Zhunan.
• Taichung, Changhua, and Nantou area: Taichung, Wuri, Shalu, Caotun, Nantou, Zhushan, Changhua, Hemei, Beidou, Erlin.
• Yunlin, Chiayi, and Tainan area: Douliu, Beigang, Minxiong, Chiayi, Shanhua, Xuejia, Tainan, Rende.
• Kaohsiung and Pingtung area: Kaohsiung, Pingtung.
• Hualien and Taitung area: Hualien.

Taiwan Cooperative Bank (31 branches in total)

• Taipei, Keelung, and Yilan area: Business Department, Ximen, Dadaocheng, Sanchong, Zhonghe, Banqiao, Yilan, Jiaoxi.
• Taoyuan, Hsinchu, and Miaoli area: Taoyuan, Hsinchu, Miaoli.
• Taichung, Changhua, and Nantou area: Taichung, North Taichung, Wenxin, Zhongquan, Zhongqing, Fengyuan, Shengang, Jiji, Puli, Changhua, Shengang, Zhushan.
• Yunlin, Chiayi, and Tainan area: Linnei, Chiayi, Tainan.
• Kaohsiung and Pingtung area: Kaohsiung, Dashu, Wujia, Wandang, Chaozhou.

Appendix 2: Information on Chunghwa Post Offices Providing New Banknote Exchange

• Taipei, Keelung, and Yilan area: Taipei Beimen, Shenkeng Caodimei, Banqiao Wenhua Road, Sanchong Zhongshan Road, Keelung Ai San Road, Bali, Linkou, Yilan Zhongshan Road, Toucheng, Zhuangwei, Yuanshan, Sanxing, Wujie, Nan’ao.
• Taoyuan, Hsinchu, and Miaoli area: Taoyuan Chenggong Road, Bade Danan, Zhongli, Xinwu, Longtan, Yangmei, Hsinchu Wuchang Street, Xinpu, Baoshan, Qionglin, Beipu, Hsinchu Niupu, Miaoli Zhongmiao, Houlong, Touwu, Gongguan, Dahu, Tongluo, Sanyi, Zhuolan, Nanzhuang.
• Taichung, Changhua, and Nantou area: Taichung Minquan Road, Fengyuan, Nantou Sanhe, Changhua Zhongyang Road, Fenyuan, Yuanlin.
• Yunlin, Chiayi, and Tainan area: Douliu Xiping Road, Gukeng, Citong, Chiayi Wenhua Road, Yizhu, Budai, Xinying Zhongshan Road, Houbi, Tainan Chenggong Road, Dongshan, Liujia, Xiaying, Liuying.
• Kaohsiung and Pingtung area: Xinxing, Fengshan, Liugui, Pingtung Minsheng Road, Xinpi, Nanzhou, Zhutian, Linbian, Checheng.
• Hualien and Taitung area: Hualien Guo’an, Fuli, Xincheng, Shoufeng, Fenglin, Guangfu, Ruisui, Taitung Datong Road, Green Island, Lanyu, Taitung Beinan, Luye, Guanshan, Chishang, Donghe Taiyuan, Chenggong, Changbin, Taimali, Dawu.
• Offshore islands area: Magong Zhongzheng Road.