Subscribe to Our Newsletter

We know you love savings. Sign up for more!

CNY 2026 Angpao Guide: Market Rates & e-Wallet Trends

BY Caitlyn Ng

Updated 10 Feb 2026




Follow Loanstreet on Facebook & Instagram for the latest updates.

 

If someone offered to give you money, would you accept or reject it? While it usually depends on who is giving it, most of us in Malaysia would be delighted to receive a little extra cash with no questions asked.
 

As we gallop into the Year of the Horse in 2026, it is the best time of the year to receive money with no strings attached! The only "catch" is enduring the usual string of questions from well-meaning relatives about your career, your relationship status, or when you are finally buying that house in Puchong or Petaling Jaya.
 

Whether you are a seasoned giver or a first-time angpao distributor, navigating this tradition in a post-cash society can be complex. Read on as we dive into the world of red packets and help you decide exactly how much you should be giving in 2026.

What's covered in this article?



The History and Meaning Behind the Red Packet



This tradition dates back thousands of years to the Qin Dynasty, where elders threaded coins through a red string for the younger generation. Known as yāsuì qián, this "money warding off evil spirits" was believed to protect children from sickness and death.
 

Today, the practice has evolved into the red packets we know as angpaos. For those receiving, you will likely hear the classic greeting: "Gōng Xǐ Fā Cái, Hóng Bāo Ná Lái!" In return, givers offer blessings for health, wealth, and smooth progress in the Year of the Horse.
 

While physical red packets remain a staple, e-angpaos via MAE, TNG eWallet, and DuitNow have become mainstream in 2026. Whether digital or physical, the sentiment remains the same: a transfer of good fortune from the giver to the receiver.
 

The Language of Numbers: What to Avoid

 

When it comes to the amount inside the envelope, the Chinese community places high importance on homophones. Some numbers are considered lucky because they sound like positive words, while others are strictly avoided to prevent "bad luck" for the year.
 

You should AVOID the number 4 at all costs, as its pronunciation "si" sounds like the word for death. Even in a digital transfer, giving an amount like RM44 is a major faux pas, as it sounds like "double death."
 

Instead, look for these auspicious numbers for 2026:

  • 8 (Ba): Sounds like "prosperity" (Fā).
  • 2 (Yih): Associated with "easy" or "bright" beginnings.
  • 6 (Liu): Represents "smooth success," perfect for the Year of the Horse.
  • 9 (Jiu): Associated with "longevity" and permanent wealth.





2026 Market Rates: Immediate Family and Close Relatives

 

With inflation and the rising cost of living in Malaysia, "market rates" for angpaos have adjusted. For immediate family members, including parents and grandparents, it is common to give a larger sum as a mark of filial piety and respect.
 

Popular choices for family often involve lucky combinations like RM168 (smooth luck all the way), RM288, or even RM888 for those who have had a particularly profitable year. These amounts bestow the best possible blessings on those who raised you.
 

For close relatives like the cousins you see during the balik kampung rush, the rates are usually more standard. In 2026, the common range for close family is between RM20 to RM100, depending on your career stage and seniority.
 

Category 2026 Recommended Amount (RM)
Parents / Grandparents RM188 - RM888+
Unmarried Siblings RM50 - RM150
Close Nieces / Nephews RM20 - RM100
Distant Relatives / Children RM5 - RM20


Managing Distant Relatives and "Yang Lain-Lain"



 

We have all been there—forgetting the name of a second cousin twice removed during a busy open house. For these distant relatives, it is common to use "green" or "red" notes, with the 2026 baseline typically starting at RM5 or RM10.
 

While the number 4 is usually taboo, some givers in 2026 are opting for RM6 or RM8 via e-wallets for distant acquaintances. It is a small, auspicious gesture that is easier to manage than carrying hundreds of physical envelopes.
 

The "yang lain-lain" category includes neighbors' children, security guards, or your favorite e-hailing drivers. For these recipients, RM5 to RM10 is perfectly acceptable, as the gesture is more about sharing the festive joy than the specific value.
 


The Rise of the Digital e-Angpao

 

In 2026, the e-angpao is no longer just for the tech-savvy; it is a practical solution for the Malaysian diaspora. If you cannot make it back to your hometown, sending a DuitNow QR or an e-wallet transfer ensures your blessings arrive instantly.
 

Many Malaysian banks now offer "Money Games" within their apps, allowing recipients to "open" a digital packet for a randomized lucky amount. This adds an element of fun and gamification to the tradition, especially for the younger, digital-native generation.
 

However, if you are visiting elders, physical red packets are still highly recommended. There is a tactile respect in handing over a physical envelope with both hands that a digital notification simply cannot replicate.
 

Frequently Asked Questions (FAQ)

 

Q: Is it still necessary to queue at the bank for new notes in 2026? A: While new notes symbolize renewal, many banks now offer "recycled fit" notes that look new but are more eco-friendly. Alternatively, e-angpaos completely remove the need to queue!
 

Q: Do I have to give angpaos if I am single but working? A: Traditionally, only married individuals give angpaos. However, in modern Malaysia, it is a kind gesture for working singles to give "luck money" to their parents or younger siblings once they start earning.
 

Q: Can I give angpaos in denominations of RM4? A: No. Even if your budget is tight, avoid 4. It is better to give RM5 or even a digital RM6 (smoothness) than to risk the negative connotations of the number 4.
 

Q: What is the proper etiquette for receiving an angpao? A: Always receive with both hands and offer a blessing like "Shen Ti Jian Kang" (Good Health). Never open the angpao in front of the giver; wait until you are in private!
 

Q: Is there a deadline for giving angpaos? A: You can give angpaos throughout the 15 days of CNY, ending on Chap Goh Mei. In 2026, this falls on March 3rd, so you have plenty of time to distribute your blessings.
 

Conclusion



At the end of the day, the tradition of angpao is about the heart and the blessings you wish to pass on. Whether you are galloping through the Year of the Horse with physical envelopes or scanning QR codes, the sentiment of generosity is what truly matters.
 

If you are the one giving this year, remember to only give what you can comfortably afford without going for broke. Happy Chinese New Year 2026, and may your year be filled with prosperity and good health!

 

ALSO READ:
Continue reading...

About the Author

Caitlyn Ng



SEE ALL ARTICLES

Suggested Articles

Here are the Best Fixed Deposit Promos in Malaysia 2026

Best Fixed Deposit Promos Malaysia 2026

Truth or Myth? RON 97 Can Increase Your Engine Performance?

Latest Petrol Price Update RON95, RON97 & Diesel in Malaysia

Buying Property in Malaysia 2026: DIBS & Net Price Guide

Buying Property in Malaysia 2026: DIBS & Net Price Guide