The great debate continues: is e-ang pow better than traditional red packets? Last year, we compared the features of e-ang pow with that of traditional ang pow. Those in favour of the digital red packet argue that e-ang pows are convenient in cases where one is pressed for time or the giver and receiver are living in different countries.
Those who still prefer the old school packet think e-ang pows lack the ‘physical interaction and personal connection’, this line of thought is more common particularly among the older generation. Both sides have valid points, but there’s no denying that e-ang pows really do come in handy for some.
A year ago, The Star Online reported that Maybank saw a good 30% rise in e-ang pow transactions in 2018 as compared to 18,000 transactions in 2017. With e-ang pow steadily gaining popularity in Malaysia, the trend appears to be persistent, despite the fact that only three banks are offering the e-ang pow facility in Malaysia at the moment (Maybank, Hong Leong Bank, and RHB Bank).
For those who couldn’t make it to the bank, consider sending e-ang pows via DuitNow this time. Meanwhile, don’t forget to check out various CNY promos by banks, particularly if you’re thinking of opening a current or savings account and fixed deposits.
Check out the CNY promos by banks before they end:
1. Send DuitNow e-ang pows via Hong Leong Bank or RHB Bank and stand a chance to win RM8, 888 cashback
To send DuitNow e-ang pows, you’ll need a DuitNow ID (your IC number or your mobile number) with your respective bank. It will take you only two simple steps to send DuitNow e-ang pows.
Basically, the more e‑ang pows you send, the more entries you earn, the higher your chances of winning. You’ll get 1x entry when you transfer a minimum of RM1 with DuitNow.
Promo period: February 5 – February 19, 2019
Related: 9 Good Reasons to DuitNow!
2. Send e-ang pow or My Ang Pow QR via Maybank’s MyM2U Challenge to win ang pow of up to RM100
Image source: Shutterstock
Maybank is offering ang pows worth RM10, RM20, RM50, and RM100 to those who send e-ang pow or My Ang Pow QR on their banking platform. Earn five points when you make DuitNow transaction or registration and My Ang Pow QR transaction.
Promo period: January 22 – February 18, 2019
3. Fixed deposit promos
Hong Leong Bank’s CNY Fixed Deposit promo offers up to 4.38% rate per annum, with a minimum of RM10, 000 per placement. The promo ends on February 28. OCBC Bank also offers a fixed deposit promo this CNY, with a rate of 3.98% for a 2-month tenure (with a minimum deposit placement of RM1, 000). The promo is only valid on Monday, February 4. If you’re looking for more options, check out the Fixed Deposit Promotion 2019 on BBazaar.
4. Savings account promo
Hong Leong Bank is offering RM280 for those who open a salary account this festive season. Similarly, anyone who deposits into their Hong Leong Savings or Current Account/-i this CNY will also stands a chance to win RM8, 000. Moreover, RM800 cash prize is also up for grabs for those who deposit an amount of RM88 on Monday, February 4 (the Li Chun Bonus). Besides cash prizes, the bank also offers a Shogun Granite Reunion Set, check out all the deals here.
5. CNY shopping promo
Doing a last minute CNY shopping? You might be rewarded with an exclusive gift when you spend with your Maybank Cards while shopping at Pavillion KL. Additionally, receive an Ang Pow Collection with a minimum spend of RM300 in a single receipt.
Promo period: January 10 – February 19, 2019
Save more on your CNY shopping with a cashback credit card
If you want to avoid overspending this festive season, you might be interested in online cashback shopping sites, where you can earn up to 10% cashback (or even more) when you shop. From groceries to electronics, you’ll find practically anything you need on such platforms. Of course, you’ll need a cashback credit card for any retail transaction. We have 5 best cashback credit cards for you to check out!
You may also like:
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- 10 Helpful Tips to Prepare for Chinese New Year Celebration
- Ang Pows to Reunion Dinners: The Newlywed’s Ultimate Chinese New Year Survival Guide
- 4 Saving Targets to Achieve by the End of 2019