2019 New Banknote Exchange: New Year Spring Festival Red Envelope Exchange Banks and Post Offices

As the Lunar New Year of ROC year 108 (2019) approaches, our Central Bank announced that during the five working days from January 28 (Monday) to February 1 (Friday) before the New Year close, the seven major public bank branches and Chunghwa Post, totaling 453 post offices, are open for the public to exchange new banknotes. In addition, some regional banks and credit cooperatives will also provide appropriate amounts of new banknotes for old customers to exchange.

The seven major public banks provide new banknote exchange points at a total of 371 head offices and branches across Taiwan, Penghu, Kinmen, and Matsu (please refer to Appendix 1), including:

• Bank of Taiwan: 159 business units excluding simplified branches will provide exchange counters.
• Land Bank of Taiwan: 27 in Taiwan and Kinmen regions.
• Taiwan Cooperative Bank: 31 in the Taiwan region.
• First Commercial Bank: 36 in Taiwan and Penghu Islands regions.
• Hua Nan Commercial Bank: 43 in the Taiwan region.
• Chang Hwa Commercial Bank: 35 in the Taiwan region.
• Taiwan Business Bank: 39 in the Taiwan region.

In addition, Chunghwa Post will designate 83 post offices among the total 1,298 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 general business counters of 58 post offices in remote areas (for detailed post office information, please refer to Appendix 2).

As for general private banks and credit cooperatives (Taiwan Cooperative Bank), they may decide on their own whether to provide new banknote exchange services. For example, Tamsui First Credit Cooperative provides small-amount over-the-counter new banknote exchange services, and Taipei Fubon Bank provides over-the-counter new banknote withdrawal services for depositors at 127 branches across Taiwan. However, due to factors such as fund allocation and inventory limits, each bank’s exchange location has a daily limit on new banknote supply. If the public cannot fully exchange the new banknotes they need, please go to other nearby exchange locations.

The Central Bank stated that each exchange unit’s entrance and business hall must post a notice 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; the remaining 1,000-yuan and 500-yuan notes are supplied in moderation,” and set up a dedicated “New Banknote Exchange Counter” to clearly inform the public of the relevant exchange rules. The most popular red 100-yuan note among new banknotes still maintains the rule of previous years, with each person limited to exchanging 100 notes (10,000 yuan) per visit.

Recommended Reading / Recommended Appendices:

1. Red Envelope Amount Guide: Super Practical Information for Lunar New Year Spring Festival and New Year’s Eve.
2. 2019 Taiwan Consecutive Holiday Calendar and Make-Up Workday, Make-Up Holiday Calendar (Lunar New Year Spring Festival, Qingming, Dragon Boat, Mid-Autumn, and National Day)

New Taiwan Dollar 100 yuan

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

Bank of Taiwan (159 total)

160 business units across Taiwan, Penghu, Kinmen, and Matsu regions, excluding simplified branches.

Land Bank (27 total)

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

Taiwan Cooperative Bank (31 total)

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

First Bank (36 total)

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

Hua Nan Bank (43 total)

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

Chang Hwa Bank (35 total)

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

Taiwan Business Bank (39 total)

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

Appendix 2: Information on 83 Chunghwa Post Offices Providing New Banknote Exchange

• Northern/Keelung/Yilan region: Taipei Beimen, Shenkeng Caoditou, Banqiao Wenhua Road, Sanchong Zhongshan Road, Keelung Ai San Road, Bali, Linkou, Yilan Zhongshan Road, Toucheng, Zhuangwei, Yuanshan, Sanxing, Wujie, Nan’ao.
• Taoyuan/Hsinchu/Miaoli region: 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/Nantou region: Taichung Minquan Road, Fengyuan, Nantou Sanhe, Changhua Zhongyang Road, Fenyuan, Yuanlin.
• Yunlin/Chiayi/Tainan region: Douliu Xiping Road, Gukeng, Citong, Chiayi Wenhua Road, Yizhu, Budai, Xinying Zhongshan Road, Houbi, Tainan Chenggong Road, Dongshan, Liujia, Xiaying, Liuying.
• Kaohsiung/Pingtung region: Xinxing, Fengshan, Liugui, Pingtung Minsheng Road, Xinpi, Nanzhou, Zhutian, Linbian, Checheng.
• Hualien/Taitung region: 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.
• Penghu Islands region: Magong Zhongzheng Road.