Which bank, referer or referee?

RHB

Regarding public bank red carpet, anyone know the "Preferential foreign exchange rates" ?
Normally how much % better rates would it offer eg for USD/MYR comparing to the rates published by their website? ?

i think being HSBC premier banking will benefit from the rates
as far as i know they have the best margin spread among other bank.

hey guys sorry I'm new here. Just only reached the minimum to open at some of the bank for priority/premier account. Any suggestions for a first timer? Which one is good to start with to grow the account? I've been with HLB for quite a while.

Start with HLB then

Suggestion from a HL supporter/veteran !

Is there a signing bonus? Or anything of that sort for HLB?

aside from chinaman dinner, south american wine tasting, local movie premier, there will be birthday offer during your bday month

And this unker goat is CIMB preffered, Maybank Premier, and AMbank private banking customer yo

This post has been edited by cklimm: Aug 6 2017, 02:43 PM

wah so among those other banks HLB still better?

Cannot compare with unker Lim leh. I don't have single 1M cert !

Now thinking about it, never receive any invite from HL RM. Must be because no 1M cert with HL.

Talking about the 'million' ringgit statement, does anyone know the difference in benefits / invitations, etc between priority banking (RM 200k, 300k, 400k & above) & private banking (1 millon & above)?

Usually only hear about lunches / dinners / talks invitation but is the first time I heard of wine tasting invitation.

By the way, finally got an invitation to Maybank investment talk at Aloft Hotel.

SCB Penang invited me to wine tasting about 2 yrs back. I have reported about this in FD thread. Anyway, already pulled out everything from SCB.

It all depends on your RM, but typically more funds you bought, more freebies will get, CNY hamper pun ada.

more details about aloft?

If you back to SCB, you will get a Royal selangor decanter, gooding for your wine yo

Is it easier to open a sg account if one is a premier banking customer in mbb?

Not needed. The opening is determine by maybank SG. Maybank MY have no say in this. If you want, you better hurry. According to Hansel, you better hurry. Door's closing.

There's a stir on opening SG account thread that maybank implemented some new rules. Whether it's real or not, I don't know.

For me personally, if I want to use my priority status (if I have one), I will pick these 3 banks
1) ocbc
2) uob
3) standard chartered

Reason for 1) & 2) = sg banks are much safer than malaysian banks.

Reason 3) = access to worldwide brokerage without any commision and maintenance fee

This post has been edited by Ramjade: Aug 7 2017, 11:42 PM

Okay I happen to be in desaru currently and am planning to go to jb town tomorrow , and am very keen to open a SG account with my wife. Which would the most convenient to open ?

Convinenent without leaving malaysia, maybank lo.
If you want the challenge, cross the border and try your luck.

Ask for trading account (DBS/OCBC/UOB). If you said bank account, guaranteed they won't let you open. Tell them you want trading account. Then they will ask got bank account? Say no. But want to link bank account to trading account. Don't think standard chartered will entertain you.

DBS at MBFC
OCBC and UOB at Raffles place.

If all else fail, tell them you want priority banking. Guaranteed boleh.

From lowest to highest
UOB - SGD100k
OCBC & Standard Chartered - SGD200k
DBS - SGD350k

If you want to hold multicurrency account, OCBC does not have fall below fees while both UOB and DBS have fall below fees of SGD5/month. (this is not a priority banking feature).

Good thing about multicurrency account:
- Able to deposit cash
- Able to withdraw cash
- Able to pay in other country currency when overseas (DBS - major currencies and standard chartered - USD only) without conversion but need to use debit card.

Bad thing about multicurrency account
- Deposit and withdrawal in cash incur min 1% fees (standard chartered can waived the fees - which means you get to deposit and withdraw USD for free - required RM to waived the withdrawal fees, no fees for depositing USD for Standard Chartered)

PS, if you choose to cross the border, bring your proof of income (income tax filling). Very important.