Asian woman in red holding red envelopes with money.

SINGAPORE: As Singapore gears up to welcome the Year of the Dragon, banks offer enticing promotions to celebrate the festive season in style.

With modern angbao giving taking centre stage, MoneySmart has compiled and shared bank offers from DBS, UOB, Maybank, and CIMB. Grab attractive giveaways and rewards with e-angbao giving while being eco-friendly, too. Check out these Chinese New Year bank offers:

Win S$88,888 with DBS Gift Huat, Win Huat giveaway

DBS is leading the charge in modern angbao giving with their QR angbaos and eGifts. These digital alternatives to traditional red packets offer recipients the convenience of instant digital transfers along with festive animations.

Plus, stand a chance to win a whopping S$88,888 cash prize.

Promotion Period: From now till Feb 29, 2024

Get a chance to win by:

  • Gifting a minimum of S$8 QR Ang Bao or eGift to your loved ones.
  • Keeping total cash withdrawals below S$600 during this period.
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Prizes and Number of Winners:

  • Ultimate Huat: 1 winner, S$88,888
  • Mega Huat: 1 winner, S$58,888
  • Super Huat: 1 winner, S$28,888
  • Huat: 500 winners, S$288 prize
  • Mini Huat: 500 winners, S$88 prize

For more information, check the DBS website.

Win S$8,888 with the UOB e-angbao promotion

UOB is spreading the festive cheer with their S$8,888 cash giveaway. Simply send e-angbaos via PayNow on UOB TMRW to enter the draw. Each e-angbao sent counts as one chance to win!

Promotion Period: From now till Feb 29, 2024

How to Qualify:

  • Send e-hongbaos with PayNow on UOB TMRW.
  • Each e-hongbao sent (min. S$10) via PayNow on UOB TMRW earns one chance to win.
  • Double your chances by making a PromptPay or DuitNow transfer (min. S$10).

No Cap on number of chances to win!

For more information, visit the UOB website.

Win S$1,188 with the Maybank e-angbao promotion

Maybank is encouraging eco-friendly celebrations with their S$1,188 e-angbao promotion. Send festive e-angbaos via the Maybank2u SG (Lite) app for a chance to win attractive cash prizes.

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Promotion Period: From now till Feb 29, 2024

Top 3 customers with the highest accumulated e-angbao value stand to win:

  • Grand prize: S$1,188
  • Second prize: S$888
  • Third prize: S$688

Be one of the first 388 customers to send at least one e-angbao per day for any 5 days to win additional cash rewards.

  • First 88 customers: S$88
  • Next 300 customers: S$28
  • Minimum S$10 per transaction applies.

For more information, visit the Maybank website.

Win S$68 with the CIMB Ang Bao Lunar New Year Promotion

CIMB is rewarding customers with up to three angbaos containing S$68 in eCapitaVouchers. Simply spend S$2,068 on your CIMB credit card and register for the promotion via SMS. Spends are accumulative, and each cardmember can receive a maximum of 3 Ang Baos.

Promotion Period: From now till Feb 29, 2024

Total Spend Amount:

  • S$4,000: 1 Ang Bao, S$68 worth of eCapitaVoucher(s)
  • S$6,000: 2 Ang Baos, S$136 worth of eCapitaVoucher(s)
  • S$8,888: 3 Ang Baos (max. cap of 3 Ang Baos per Eligible Cardmember), S$204 worth of eCapitaVoucher(s)
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How to Register:

Register for the CIMB Credit Card LNY Promotion today!

SMS to 75558 in this format: LNY<space>last 4 digits of your NRIC

Example: LNY 4567 (if your NRIC is S1234567A)

For more information, visit the CIMB website.

With these exciting promotions from DBS, UOB, Maybank, and CIMB, celebrating Chinese New Year has never been more rewarding.

Don’t miss out on the chance to send e-angbaos and win attractive prizes while embracing eco-friendly practices. /TISG

Read also: MAS: Fit-for-Gifting Notes and E-Hong Baos for greener CNY gifting