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-DBS and POSB to allow customers to exchange notes for new and good as new notes.

Global Banking News-January 21, 2013--DBS and POSB to allow customers to exchange notes for new and good as new notes(C)2013 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 21 January 2013

Customers of DBS (SGX: D05) and POSB in Singapore will be given the opportunity to exchange their currency for new and good as new notes ahead of the lunar New Year.

The exchange will be facilitated through 80 of the banks' branches, and working hours would be extended during the week preceding the Lunar New Year.

The managing director and head of customer banking at DBS Singapore, Jeremy Soo, said that the bank recognised the importance of conservation and had therefore started the initiative of recycling notes as 'good as new' notes.

Over 130 ambassadors would be activated across the branches to allow customers to share the new and good as new SGD2 notes.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Geographic Code:9SING
Date:Jan 21, 2013
Words:169
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