HAhahaha......okok...i said it. but is true. Well they cant fire a customer for complaining rite....eehheehe

@mIssfROGY,
Ur right they can't. And hey, u aren't complaining, ur merely giving them feedback

What is the deposit/investment level to enter into private banking for each of the institutions below?

1. Maybank Private Banking
2. RHB Infinity Banking
3. CIMB Club
4. Alliance Bank Privilege Banking
5. Bank Muamalat Prime Banking
6. Public Bank Red Carpet Banking
7. Hong Leong Priority banking
8. Citibank Citigold
9. HSBC Premier
10. OCBC Premier Banking
11. UOB Privilege Banking
12. ABN Amro Van Gogh Preferred Banking
13. Standard Chartered Priority Banking

I wasn't very aware or interested in private banking till I stumbled on this thread. Since its a free service, might be good to consolidate my investments and deposits spread across banks to qualify. Still not rich enough as some of you here hehe.

This post has been edited by GeekinE90: Jun 20 2008, 05:56 PM

For alliance bank ..you must have deposit of between rm200k to 300k

Hong Leong Priority banking - RM200k of FD & UT combination

Citibank Citigold - RM300k

UOB Privilege Banking - RM350k, combination of structured product, savings, high-yield a/c, UT & FD.

Standard Chartered Priority Banking - RM300k

@GeekinE90,

1. Maybank Private Banking : RM100k
2. RHB Infinity Banking : I don't know
3. CIMB Club : I don't know
4. Alliance Bank Privilege Banking : I don't know
5. Bank Muamalat Prime Banking : I don't know
6. Public Bank Red Carpet Banking : RM100k
7. Hong Leong Priority banking : I don't know
8. Citibank Citigold : RM200k
9. HSBC Premier : RM200k
10. OCBC Premier Banking : RM300k
11. UOB Privilege Banking : RM300k
12. ABN Amro Van Gogh Preferred Banking : I don't know
13. Standard Chartered Priority Banking : RM200k

@scorgio,
I believe the rates U mentioned, at least for UOB, Citibank & Standard Chartered were 'old' rates. It's been revised down. The information I have provided above is as of April 2008.

This post has been edited by tinkerbel: Jun 20 2008, 07:59 PM

Citibank & SC, was RM300k, now I'm not sure cos long time didn't go to the branches.

UOB one is definitely correct. The minimum requirement went from RM200k to RM300k and recently RM350k (for new application).

Further UOB require customer to allocate funds to their requirement (latest regulation). I can't accept that thus I'm slowly transferring my funds to other banks.

@scorgio,
Citibank was RM300k but it's now been revised down to RM200k.

As for UOB, I'm quite sure RM300k is sufficient because a close friend of mine recently opened her Privilege Banking account with them with RM300k.

i would love to know this fren of u .........

@yewkhuay,
First it's my sister and now this friend. G...!!

tht's bcoz u don allow her to be U....

Wow, so Citibank lowered their bar.

Well, maybe UOB's decision to increase requirement to RM350k received a lot of bad response thus they revert back to the initial.

The RM gave me a set of 'Welcome Gift' b4 I hit the "3" mark. But I never go to the PB Centre again after the minimum requirement increased to RM350k. Since then, just do transaction over-the-counter.

@scorgio,
Er.. welcome gift?! I don't remember any welcome gift from UOB, just Standard Chartered, Citibank & HSBC *grins* Anyhow, I don't bank much with them [no $ mah] so got priority card or not also makes no difference

L&G ... some extra information

1. RHB Infinity Banking
* Cumulative Asset Under Management (Deposit + Unit Trust + Bancassurance) of RM200,000* or
* Approved total loan size of RM400,000*

RM80* will be charged if your deposit falls below RM200,000*


2. CIMB Club
* Individual depositor with a credit balance of RM150,000 and above.
* Individual Unit trust investor with an investment amount of RM100,000 and above purchased through the bank.
* Individual mortgage customer with a good track record and facilities of RM500,000 and above.
* New mortgage customers with facilities of RM500,000 and above.
* Individual holding a credit card with a limit of RM75,000 and above with good track record.


Maybe someone wants to update the entry requirements in the 1st page. Emmm ... I think only MrCloud9 can do so as he's the thread starter.

This post has been edited by hye: Jun 21 2008, 08:39 AM

@hye,
Yup.. TS can do it but I haven't seen TS around. Alternatively, these information are also available at the Credit Card thread under 'Complementary Cards' @ Post #1. It's probably not as detailed though

1. Maybank Private Banking - RM 250k
2. RHB Infinity Banking - RM 200k
3. CIMB Club - RM 150k
4. Alliance Bank Privilege Banking - RM 200k
5. Bank Muamalat Prime Banking - RM 200k
6. Public Bank Red Carpet Banking - RM 250k
7. Hong Leong Priority banking - RM 200k
8. Citibank Citigold - RM 200k
9. HSBC Premier - RM 200k
10. OCBC Premier Banking - RM 300k
11. UOB Privilege Banking - RM 300k
12. ABN Amro Van Gogh Preferred Banking - RM 300k
13. Standard Chartered Priority Banking - RM 200k

most of them require the funds to be placed in FD to ensure it won't drop below the minimum entry requirements.

---

Added on June 22, 2008, 10:33 amthe minimum entry requirement for maybank private banking is RM 250,000 contrary to popular belief of RM 100,000.

and most of the time, they require the funds to be in FD.

This post has been edited by mrcloud9: Jun 22 2008, 10:33 AM

@mrcloud9,
I'm surprised because the CS told me it was RM100k just last week. Nevertheless, I'm not interested in shifting my funds to become a Maybank Private Banker; will keep it with HSBC instead

@mrcloud9

Thanks for posting the updates but maybe you want to edit the 1st post as well on the priority banking requirements ?

@mrcloud9,
Yup.. that way when people ask, we'll get them to refer to Post #1