guys,good morning, may I know how many million is the minimum housing loan threshold required to qualify for citigold?

Do they facilitate you in opening accounts in NYC if we have Malaysian citigold account?
How much are the fees for global transfers with citigold?

As per communication with Citibank via LivecChat, wef 1 January 2017, new Citigold members are required to have a minimum Asset Under Management (AUM) of RM400,000 invested in deposits, investments and/or insurance with Citibank. Hence, Mortgage Loan is no longer being taken into account as part of TRB/ AUM to be qualified as a Citigold customer.

With regards to the global transfer, it's free of charge if your transfer is an OUTGOING TRANSFER to a Citibank account held in overseas (between Citibank Malaysia to Citibank overseas).

-> Kindly refer to clause (5) under "Charges for ad-hoc services" ( https://www.citibank.com.my/english/common/...hManagementFCHM )

Do note that there is a daily transfer limit imposed for the COMPLIMENTARY transfer:-
-Citibanking customer: USD$12,500
-Citigold Customer: USD$25,000



This post has been edited by a.lifehacks: Feb 3 2020, 07:39 PM

Another side is PV, Private Banking for even more VIP than PB.

Thank you. Noted.

Opening of Public Bank Red Carpet Banking Centres

Please see attached for details.


Attached thumbnail(s)

Hi,

Is there any premier banking that i can transfer my funds to that has high interest and provides credit cards (free lounge access for main and supp) with minimal docs?

Hi All,

I've been using Maybank Premier Wealth, would prefer to put my funds in account instead of FD due to flexibility. In Maybank Premier Wealth, above Rm500,000, they only give 2.3% interest.

I've come across CIMB Preferred, above RM1 million, they provide 3%. It is high compared to 2.3%. However, I have come across other foreign banks such as OCBC offers even higher interest rate.

All these while I've been using Maybank Premier because I would perceive it would be more convenient as I'm a local, as in funds transfer etc. If foreign bank provides significantly higher interest, I might consider to move my funds there.

Can anyone who has experience or account owner may share your opinion please? Thank you!

Why limited to FD not considering bonds?

Need to evaluate your motivation for Premier Banking, when Internet Banking is so efficient. Is it for client entertainment, self gratification, prestige, etc?
The same amount $$$ into asnb, Kwsp, high yielding stocks will gain you so much more interest.
Only you know the reason n actions. If you really flushed with cash, n loves the Premier ambience, why worry abt $5-10k annual interest loss... You win some, lose some. But, over the years.. The loss $$$ from interest earned will stack up, n suddenly you realized hard earned money burnt.... Wud have been better used to sponsor orphanage, n really needy csr orgs....or your old age.

This post has been edited by Unkerpanjang: Feb 6 2020, 09:54 PM

+1

i am also currently doing research as well and of course base on what i have and what i need.
so no perfect answer on that, its all depend on your aum (long term/ flexibility?) and defination of high interest.
sometime premier or not premier is not really a necessary.

mind to share yours?


alliancebank, saveplus account, 3.25% >200k.

as i said sometime pb doesnt really gain anything.
while mbb pb doesnt have much benefit imho haha~

for your case above 500k. i would suggest,
100k into sc privilege saver(4% with minimal condition), 100k into ocbc (3.6% with more work than scb), 300k into alliance(3.25% do nothing).


This post has been edited by qu3vax: Feb 7 2020, 12:45 AM

ocbc can 200k.

ya ho. forgot the -i. haha...then ngam ngam good

100k scb, 200k ocbc, >200k all alliance.

Choose to buy a GLC250 instead of HRV, now start questioning abt maintenance n upkeep costs$. Hahaha. Such is the learning years.

This post has been edited by Unkerpanjang: Feb 7 2020, 06:36 AM

I know rhb premier gives you the card for entering lounge. I dunno about high interest.

Hi bro,

thanks for your suggestion. Will take a look at alliance bank saveplus acc, 3.25% looks attractive. Also, thanks for your advice in my another post, I do not need premier banking services, I would prefer accounts with higher interest. Earlier, I thought premier banking shall offer higher interest compared to normal accounts, I was wrong.

oh, yaho, same person. haha sorry.
initially i thought premier banking get higher too as well then after research seems like it's not. then i came across this saveplus, less hassle.
but of course ocbc got the highest by doing nothing but >10m

i think ppl with more than 10m in term of flexible cash in account exclude their investment/properties would have their higher perspective or already declared financial freedom.

I've always thought Alliance Bank gives the highest interest for CASA at 3.5% @ 200-300k above (now 3.25%), but i didnt know OCBC gave 3.8% (3.4% now) @ 10Mil?

But of course these are somehow basic simple interest calculation of each day ending of the month, rather than compounded like how FD's are calculated right?

Do you guys encounter request to go bank branch to fill up declaration form for receiving wire transfer into your bank account?

I was told by the bank staff that this is the new rules for bnm

Yes. For personal account transfer to another if amount exceeded 25k.

Unless it’s from your own bank A to bank B then no problem.