QUOTE(MilesAndMore @ Apr 16 2020, 01:32 PM)
Just some extra information on Standard Chartered Bank Priority Banking. Just like HSBC Premier, the status is recognised overseas but it’s not automatic like HSBC. Your RM need to write in so they can link your account manually, so you don’t have to fulfil the minimum deposit again to gain SCB Priority Banking status in another country. I found out some SCB RM do not know about this, and have been giving the wrong information to their clients that Standard Chartered do not recognise cross-border Priority Banking status, but in fact they do.
QUOTE(David_Yang @ Apr 20 2020, 04:55 PM)
CIMB recognizes also. I only know about OCBC that they don´t recognize.
Hello guys. Do you by any chance have the equivalent information about Maybank and cross-recognition?
I have a private banking/premier wealth banking account with Maybank Sg, and I have a nominal amount in very old "normal" Maybank account in My (which was from my SMK days in Malaysia some 40 years ago). The Maybank account in Malaysia was converted into an Islamic banking account (which pays no interest) from the previous current account. I've asked on the side of Singapore, who referred me onto their Malaysian counterpart dealing with off-shore banking. This was just before COVID19 struck. Since then, everyone's been working at home, and the Malaysian lady hasn't been able to help clarify my queries.
Essentially, I only have about RM250,000 in the Malaysian account, and that doesn't automatically qualify for premier status. If they have cross-recognition with Maybank SG, then qualifying for premier status wouldn't be an issue. Otherwise, I'll have to convert some SGD into RM.
Thanks in advance!