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 Priority Banking, Everything about Priority Banking

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cklimm
post Mar 27 2019, 09:19 AM

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QUOTE(Lcclcc @ Mar 26 2019, 10:31 PM)
What is the benefits of premier banking in obtaining loan?

Heard of HSBC documents waiver package, No income document required, just to proof your nett worth more than 1Million in EPF/Saving/Properties/Shares and will grant you an approval for property loan of 60% (40% downpayment).

What about others bank.
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Really? Regardless of age? If so, unker's finger itchy to buy some props again dah
waiwai_wai
post Apr 11 2019, 08:40 PM

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QUOTE(Lcclcc @ Mar 26 2019, 10:31 PM)
What is the benefits of premier banking in obtaining loan?

Heard of HSBC documents waiver package, No income document required, just to proof your nett worth more than 1Million in EPF/Saving/Properties/Shares and will grant you an approval for property loan of 60% (40% downpayment).

What about others bank.
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I dont think so HSBC have this benefit, even premier customer want to get a credit card also need application with bank statement. Is bank statement not payslip.
Somemore today they have the protest at their branch, no idea whther will affect my account or not rclxub.gif shakehead.gif

This post has been edited by waiwai_wai: Apr 11 2019, 08:41 PM
LoTek
post Apr 11 2019, 10:07 PM

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QUOTE(cklimm @ Mar 27 2019, 09:19 AM)
Really? Regardless of age? If so, unker's finger itchy to buy some props again dah
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yes got this HNWI loan approval calculation, got offered it from another bank before

This post has been edited by LoTek: Apr 11 2019, 10:08 PM
digidigi
post May 29 2019, 08:47 PM

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Hi, may I know how much is the minimum deposit for priority banking for Hong Leong bank atm?
ProxMatoR
post May 29 2019, 11:31 PM

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QUOTE(digidigi @ May 29 2019, 08:47 PM)
Hi, may I know how much is the minimum deposit for priority banking for Hong Leong bank atm?
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afaik, 300k

yep.... just checked with its T&C... https://www.hlb.com.my/content/dam/hlb/my/d...ons_English.pdf



This post has been edited by ProxMatoR: May 29 2019, 11:33 PM
stellasee P
post May 30 2019, 10:40 AM

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What are the differences between these banks anyways? From what I see on their websites, the benefits are really similar.

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csbong87
post May 30 2019, 09:23 PM

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Some offer 4 times lounge enterance some 6 annually
alex_00787
post Jun 3 2019, 08:43 PM

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Anyone know about this? This service charge implement recently?

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Human Nature
post Jun 4 2019, 10:33 PM

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I made an inquiry about UOB PB recently and was told that the min deposit requirement is RM500k but this is only for a single account name. If it is a joint account, the min deposit requirement is RM1mil. This is pretty odd comparing with other banks' practice, also noting that one would prefer to have a joint account for some reasons. Can any member verify this?

This post has been edited by Human Nature: Jun 4 2019, 10:33 PM
ProxMatoR
post Jun 4 2019, 10:41 PM

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QUOTE(Human Nature @ Jun 4 2019, 10:33 PM)
I made an inquiry about UOB PB recently and was told that the min deposit requirement is RM500k but this is only for a single account name. If it is a joint account, the min deposit requirement is RM1mil. This is pretty odd comparing with other banks' practice, also noting that one would prefer to have a joint account for some reasons. Can any member verify this?
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yep, it is. unless both are PB already, else need 1m. reason being they are unable to give PB status to 1 of the account holder only.
Human Nature
post Jun 4 2019, 10:46 PM

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QUOTE(ProxMatoR @ Jun 4 2019, 10:41 PM)
yep, it is. unless both are PB already, else need 1m. reason being they are unable to give PB status to 1 of the account holder only.
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okay, understood..thanks smile.gif
csbong87
post Jun 8 2019, 05:34 PM

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mind to share the FD rate given as a priority/preferred customer ?
Mattrock
post Jun 9 2019, 08:29 PM

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Any reason why UOB Privilege is 500k? Anything extra or more added value services compared to others, or are they just being more selective?
icemanfx
post Jun 9 2019, 11:07 PM

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QUOTE(Mattrock @ Jun 9 2019, 08:29 PM)
Any reason why UOB Privilege is 500k? Anything extra or more added value services compared to others, or are they  just being more selective?
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AUM in this country is among if not the lowest in the region. It is a matter of time, foreign banks will rise minimum aum.

This post has been edited by icemanfx: Jun 9 2019, 11:09 PM
MilesAndMore
post Jun 10 2019, 02:55 AM

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QUOTE(waiwai_wai @ Apr 11 2019, 08:40 PM)
I dont think so HSBC have this benefit, even premier customer want to get a credit card also need application with bank statement. Is bank statement not payslip.
Somemore today they have the protest at their branch, no idea whther will affect my account or not  rclxub.gif  shakehead.gif
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Regarding the HSBC Premier credit card, that’s because the bank is required to comply with the RM36k annual income rule from Bank Negara which has been in effect for many years, which for your information, HSBC did not strictly follow until about 3 years ago.

However, as I mentioned, it is all about complying with the RM36k annual income ruling. Many HSBC Premier customers do not seem to be aware of this, it is very likely their RM are either new and still not aware or simply did not know about this, that HSBC is actually still issuing complimentary HSBC Premier World MasterCard to eligible clients without proof of income. All you need is to put at least RM1 million in time deposit with HSBC. Time deposits in another banks don’t count as HSBC is unable to verify the authenticity of the time deposit accounts at another banks.

This post has been edited by MilesAndMore: Jun 10 2019, 02:56 AM
Tellmeyourstory
post Jun 11 2019, 12:53 PM

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been searching the thread.

Wondering does any of the banks include share investment using their platform to qualify as AUM?


icemanfx
post Jun 11 2019, 11:39 PM

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QUOTE(Tellmeyourstory @ Jun 11 2019, 12:53 PM)
been searching the thread.

Wondering does any of the banks include share investment using their platform to qualify as AUM?
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Havoc Knightmare
post Jun 12 2019, 08:14 AM

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QUOTE(Tellmeyourstory @ Jun 11 2019, 12:53 PM)
been searching the thread.

Wondering does any of the banks include share investment using their platform to qualify as AUM?
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Standard Chartered Singapore.. it also allows me to trade with no minimum brokerage fee across all Developed Markets, so I can reinvest small chunks of dividends nicely without worrying about minimum fees.
7498
post Jun 26 2019, 03:55 PM

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I am an existing Ambank Priority Banking customer but since last month, I moved most of my funds to another bank and current balance with Ambank is less than 200k. If I were to apply a supplementary PB world master card for my family now, how likely that it will be approved since I should not be a PB customer now by definition?
zenquix
post Jun 27 2019, 06:44 PM

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QUOTE(7498 @ Jun 26 2019, 03:55 PM)
I am an existing Ambank Priority Banking customer but since last month, I moved most of my funds to another bank and current balance with Ambank is less than 200k. If I were to apply a supplementary PB world master card for my family now, how likely that it will be approved since I should not be a PB customer now by definition?
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Wouuldn't the bank or RM be the better people to approach? Any reply you get here is hearsay at best.

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