Jul 4 2019, 03:33 PM
QUOTE(hyperzz @ Jul 3 2019, 07:35 PM)
AFAIK, for HSBC and SCB, you only need to maintain PB status in just one country. If you have oversea accounts with HSBC/SCB, they can be upgraded to PB status without fulfilling the minimum PB balance requirement in that particular country. For this reason, maintaining the PB status in MY is more attractive as the minimum PB requirement is usually the lowest among all jurisdictions.
QUOTE(hyperzz @ Jul 3 2019, 11:17 PM)
I have no experience with SC SG. But I think you should ask your RM in SG instead of asking SC MY directly.
One of my friends has PB with SC MY. His RM helped him to open account with SC in SG, HK and China. All accounts come with PB status without the local minimum balance requirement. In some cases, he still has to meet the local RM face-to-face as part of the account opening process, which requires cross-border travel.
I second the above statements. Just like HSBC Premier, one only needs to be a Standard Chartered Priority Banking customers in one jurisdiction and you will be accorded the same status in your host countries and the same applies to Standard Chartered Priority Private (minimum AUM of RM3,000,000).One of my friends has PB with SC MY. His RM helped him to open account with SC in SG, HK and China. All accounts come with PB status without the local minimum balance requirement. In some cases, he still has to meet the local RM face-to-face as part of the account opening process, which requires cross-border travel.
QUOTE(hyperzz @ Jul 3 2019, 07:35 PM)
For Citibank, you would have to meet the PB minimum requirement in all countries where you intend to have PB status.
Stand to be corrected if bank policy has changed.
Supposedly you only need to qualify for Citibank IPB in either SG or HK with a minimum AUM of USD200,000 and you will be accorded the same Citigold status in both countries.Stand to be corrected if bank policy has changed.
Quote
That makes sense
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