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Bangkok Bank reserves 40 billion baht cash at 8,000 branches and at ATMs across the country to support Chinese New Year spending
Bangkok Bank reserves 40 billion baht cash at 8,000 branches and at ATMs across the country to support Chinese New Year spending
Bangkok Bank has prepared 40 billion baht cash at 8,000 branches and ATMS nationwide for withdrawals during Chinese New Year and will increase the frequency of cash top ups at its ATMs in response to rising demand for cash as people make purchases of Chinese New Year offerings, give red envelopes of money as gifts, and travel and buy goods under the Easy e-Receipt 2.0 scheme to stimulate the Thai economy during the new year.
A news report from Bangkok Bank revealed that the Bank had arranged 40 billion baht cash for withdrawals at more than 8,000 branches and ATMs across the country to cope with the rising demand for cash during Chinese New Year, which falls at the end of the month. Banknotes will be in higher demand than normal period as people buy Chinese New Year offerings and gifts and give red ‘ang pao’ envelopes with cash inside following the Chinese New Year tradition. In addition, the Bank has allocated new banknotes at branches nationwide to support the need of putting new banknotes in the red ‘ang pao’ envelopes as a gesture of good luck.
It is expected that spending at the beginning of 2025 will be particularly lively, especially during the Chinese New Year at the end of January. This is further boosted by the ‘Easy e-Receipt 2.0’ scheme which allows all taxpayers in Thailand to benefit from a tax deduction of up to 50,000 baht. This will help stimulate household spending and positively impact overall economic growth.
Customers can make cash withdrawals at almost 800 Bangkok Bank branches and microbranches at shopping malls and communities, or at the Bank’s banking agents: Counter Services at 7-eleven convenience stores, Lotus’s stores, Bank@Post at Thailand Post, Boonterm kiosks (cash deposit), Big C Supercenter (cash deposit), SABUY Counter, SABUY Plus top up machines (cash deposit) and Termdee kiosks where withdrawals are available at more than 162,000 locations across the country. In addition, customers can send e-Ang Pao envelopes via the Bank’s electronic channels such as Bangkok Bank Mobile Banking and Bualuang iBanking to send happiness and good fortune to others conveniently and safely, in line with the cashless society era.
In addition, the Bank will increase the frequency of cash top up at Bualuang ATMs to ensure that customers can make sufficient cash withdrawals whenever they need so they will have cash for buying gifts and inserting cash into ‘ang pao’ envelops for their family members to express their best wishes at the beginning of this New Year.
A news report from Bangkok Bank revealed that the Bank had arranged 40 billion baht cash for withdrawals at more than 8,000 branches and ATMs across the country to cope with the rising demand for cash during Chinese New Year, which falls at the end of the month. Banknotes will be in higher demand than normal period as people buy Chinese New Year offerings and gifts and give red ‘ang pao’ envelopes with cash inside following the Chinese New Year tradition. In addition, the Bank has allocated new banknotes at branches nationwide to support the need of putting new banknotes in the red ‘ang pao’ envelopes as a gesture of good luck.
It is expected that spending at the beginning of 2025 will be particularly lively, especially during the Chinese New Year at the end of January. This is further boosted by the ‘Easy e-Receipt 2.0’ scheme which allows all taxpayers in Thailand to benefit from a tax deduction of up to 50,000 baht. This will help stimulate household spending and positively impact overall economic growth.
Customers can make cash withdrawals at almost 800 Bangkok Bank branches and microbranches at shopping malls and communities, or at the Bank’s banking agents: Counter Services at 7-eleven convenience stores, Lotus’s stores, Bank@Post at Thailand Post, Boonterm kiosks (cash deposit), Big C Supercenter (cash deposit), SABUY Counter, SABUY Plus top up machines (cash deposit) and Termdee kiosks where withdrawals are available at more than 162,000 locations across the country. In addition, customers can send e-Ang Pao envelopes via the Bank’s electronic channels such as Bangkok Bank Mobile Banking and Bualuang iBanking to send happiness and good fortune to others conveniently and safely, in line with the cashless society era.
In addition, the Bank will increase the frequency of cash top up at Bualuang ATMs to ensure that customers can make sufficient cash withdrawals whenever they need so they will have cash for buying gifts and inserting cash into ‘ang pao’ envelops for their family members to express their best wishes at the beginning of this New Year.
bangkokbank:assets/news/news-category/2025
January 13, 2025
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