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Priority Banking, Everything about Priority Banking
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icemanfx
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 Aug 18 2020, 01:01 PM
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QUOTE(MilesAndMore @ Aug 17 2020, 09:07 PM) Used to be very easy even after the 2008 financial crisis until the 1MBD issue blew up. Nowadays you’ll be asked a lot of questions and there are a lot of paperworks too. Someone I know took 6 months to successfully open a HSBC USA account and that was 2 years ago. 4 months before the HSBC USA account was opened, he flew to US with his son who was about to start his uni life there and both him and his son managed to open a Bank of America account almost on the spot. HSBC was under u.s DOJ supervision, very strict on kyc and compliance. |
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David_Yang
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Aug 18 2020, 07:06 PM
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QUOTE(jack2 @ Aug 17 2020, 02:29 PM) Which bank offer premier banking that allows opening bank account with their oversea branches? Requirement? FD 200k? Depends on which country you want. With Singapore CIMB and Maybank are the usual choices, expect no help at OCBC even if they are a Singapore bank and even you are priority. Thailand, CIMB can also do. |
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icemanfx
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Sep 9 2020, 11:26 AM
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High-yield bond default rates may double as companies struggle with a protracted economic downturn even as the Federal Reserve props up valuations, said Jeffrey Gundlach. The investment grade corporate debt market has skewed toward lower quality BBB- rated debt, but if just 50% of that were to be downgraded it could fuel a near doubling of the high-yield market, Gundlach said Tuesday on a webcast for his firm’s flagship DoubleLine Total Return Bond Fund. https://www.bloomberg.com/news/articles/202...y-almost-doublea pb favourite product. |
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DrFX
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Sep 30 2020, 03:10 AM
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QUOTE(talfred @ Jul 26 2020, 01:29 AM) Hi folks that are familiar with HSBC Premier. My understanding is that with Premier you can pretty much open a bank account in any country, by doing that will you also be able to place FD deposits in that overseas country? Some countries have higher interest rates i.e. India around 7% and would be higher than Malaysia   |
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Cazoo P
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Oct 5 2020, 04:25 AM
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New Member
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HL priority banking no standard.service is slow ,lack of amenities and fd promo is the same as mass market
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apathen
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Oct 5 2020, 07:47 PM
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QUOTE(Cazoo @ Oct 5 2020, 04:25 AM) HL priority banking no standard.service is slow ,lack of amenities and fd promo is the same as mass market their priority account no benefits, i wonder what is the pull factor? |
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icemanfx
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Oct 5 2020, 08:19 PM
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QUOTE(Cazoo @ Oct 5 2020, 04:25 AM) HL priority banking no standard.service is slow ,lack of amenities and fd promo is the same as mass market QUOTE(apathen @ Oct 5 2020, 07:47 PM) their priority account no benefits, i wonder what is the pull factor? Probably threshold is too low. |
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Zenph
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Oct 5 2020, 08:50 PM
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Getting Started
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Err I saw my Maybank is listed as preferred banking. Is this what u guys called as private banking?
I never apply this before lol what’s the benefit?
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David_Yang
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Oct 5 2020, 10:47 PM
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QUOTE(Zenph @ Oct 5 2020, 09:50 PM) Err I saw my Maybank is listed as preferred banking. Is this what u guys called as private banking? No. Private banking is for real money usually above 1 mil AUM. |
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David_Yang
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Oct 5 2020, 10:50 PM
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QUOTE(apathen @ Oct 5 2020, 08:47 PM) their priority account no benefits, i wonder what is the pull factor? The advantage of a personal (and always the same) RM is so big. Can handle things by using WhatsApp instead of heading to the bank and stand in the line. |
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GrumpyNooby
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Nov 11 2020, 09:41 PM
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Important Notice – Removal of TRB FeeEffective 1 December 2020, the Total Relationship Balance (TRB) fee of RM80 per month for Citigold customers with a threshold amount of below RM200,000 will be removed. We appreciate your continuous support to Citibank as your banking partner. https://www.citibank.com.my/global_docs/pdf...-of-TRB-Fee.pdf
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anonymous552235
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Nov 12 2020, 02:38 AM
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Getting Started
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QUOTE(GrumpyNooby @ Nov 11 2020, 09:41 PM) Important Notice – Removal of TRB FeeEffective 1 December 2020, the Total Relationship Balance (TRB) fee of RM80 per month for Citigold customers with a threshold amount of below RM200,000 will be removed. We appreciate your continuous support to Citibank as your banking partner. https://www.citibank.com.my/global_docs/pdf...-of-TRB-Fee.pdf So its now ok to fall below? 😶 |
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icemanfx
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Nov 12 2020, 05:22 AM
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QUOTE(anonymous552235 @ Nov 12 2020, 02:38 AM) So its now ok to fall below? 😶 Likely mean Citi will either remove privilege offered or launch new tier/product. |
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cklimm
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Nov 12 2020, 07:45 PM
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New kid in town: Affin Avance, 50k to join https://www.affinonline.com/affin_avance |
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GrumpyNooby
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Nov 13 2020, 08:21 AM
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QUOTE(cklimm @ Nov 12 2020, 07:45 PM) New kid in town: Affin Avance, 50k to join https://www.affinonline.com/affin_avanceThe requirement is much lower the standard 100k AUM/TRB. Perhaps wants to compete with HSBC Advance. The other thread mentioned that TRB is as low as 30k only. |
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babyscouts
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Nov 13 2020, 08:28 PM
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Getting Started
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QUOTE(cklimm @ Nov 12 2020, 07:45 PM) New kid in town: Affin Avance, 50k to join https://www.affinonline.com/affin_avanceOn demand financial guidance Dedicated personal financial consultant Enahnced banking benefits Preferential interest profit rates on banking products Digital financial dashboard Recognition for excellence But the charges is a drawback This post has been edited by babyscouts: Nov 13 2020, 08:29 PM |
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cklimm
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Nov 15 2020, 05:25 PM
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QUOTE(Cazoo @ Oct 5 2020, 04:25 AM) HL priority banking no standard.service is slow ,lack of amenities and fd promo is the same as mass market QUOTE(apathen @ Oct 5 2020, 07:47 PM) their priority account no benefits, i wonder what is the pull factor? Used to be great before MCO. Hope they reopen the lounge in 2021. |
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MilesAndMore
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Nov 16 2020, 01:14 PM
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Look at all my stars!!
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QUOTE(babyscouts @ Nov 13 2020, 08:28 PM) On demand financial guidance Dedicated personal financial consultant Enahnced banking benefits Preferential interest profit rates on banking products Digital financial dashboard Recognition for excellence But the charges is a drawback Affin Avance is not a Priority/Premier banking product. |
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edcyf
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Nov 16 2020, 08:55 PM
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Getting Started
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QUOTE(cklimm @ Nov 15 2020, 05:25 PM) Used to be great before MCO. Hope they reopen the lounge in 2021. Besides that HL Priority have higher AUM requirement at 300k compared to CIMB Preferred 250k, Maybank Premier Wealth 250k and RHB Premier at 200k |
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jack2
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Jan 5 2021, 02:37 PM
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I want to open premier banking account. Anyone?
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