you're maybank priority customer or maybank private banking customer?

yup, they can help.

RM 200,000 and above in deposits and investments

in malaysian market, currently hsbc premier is the flagship relationship one can have with hsbc. in some markets, they have hsbc private bank and we used to have this in malaysia. however, it was closed last year due to restrictions imposed on product offering by bank negara. anyway, hsbc private bank caters to a whole different market altogether. not the mass affluent clients like hsbc premier definitely.

to be a customer of hsbc private bank one must have USD 1 million in investable assets and they do NOT offer consumer retail banking like checking account, savings account, FD etc. they offer investment wealth management services primarily dealing with stocks and bonds with active or discretionary portfolios. sort of swiss bank la.

so to answer your question, in malaysia, there is nothing higher than hsbc premier. so those with 9 figure deposits are still considered under hsbc premier customers.

i agree. anyway if you have anything less than USD 5mil youre just a small fry at these private banks!

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Added on December 22, 2007, 11:29 ami think those who are based in kl, penang, johore and penang should seriously consider abn amro's van gogh preferred banking. it is really different compared to others'

This post has been edited by mrcloud9: Dec 22 2007, 11:29 AM

they are all similar actually. abn amro's is 300k min.

different. theyve been actually offering this global access service for a long time but decided to relaunch its service in light of the warm response hsbc received from its globally linked hsbc premier services.

citigold global access allows u to walk in any branch worldwide to perhaps do emergency cash withdrawal and use its banking lounge abroad. but not so much about assistance to open citigold bank accounts abroad. you still have to fulfill the citigold criteria abroad whereas with hsbc premier they can open for you accounts abroad and accord you the hsbc premier status without having to fulfill the min criteria since youve fulfilled that in malaysia!

thanks

i thought so too but surprisingly there are not that many people who could afford to park even 200k untouched in fd/investments. perhaps they have other priorities in life. in my case, i dont normally have to wait for my RM. will call her in advance and inform ill br dopping by to make some transactions and she will prepare all the neccessary docs etc. afterall, you only need to meet your RM to discuss wealth management issues etc. otherwise you could straight away proceed to the teller in the private banking lounge to perform your monetary transactions.

just went to checkout the maybank private banking in 1utama. not impressive. i prefer the bangsar baru private banking and plaza damansara private banking centres. as for hsbc, nothing beats the one in menara milenium damansara heights at the moment. rhb infinity banking also have very comfortable lounge for its clients at the headquarters in jalan tun razak. cimb club however do not have very spacious lounge for its customers. ive been to quite a few to do my banking, the nicest so far is the one in plaza damansara.

i see, now that you know other premier centres have rooms maybe you can reconsider. afterall, you are allowed to use any premier centres at your whim and fancy.

my cimb banker told me now cimb club has more than 22,000 customers. more than the 20,000 they expected when they launched the cimb club. not bad.

there are limitations though. hsbc premier is so far the only globally linked premium banking service in the world.

thank you very much. very much appreciated.

cimb club has invited me to ildivo private dinner concert before. that was exclusive.

i must say HSBC have pretty RMs around. ABN Amro isnt that bad too. Maybank generally hire very experienced people to handle its private banking customers therefore a bit matured.

i think it is good hsbc is imposing this monthly service charge should your account balance drops. this way, youll be encouraged to maintain the said minimum amount of RM 200k. if not, you will feel the pain of having to fork out RM 150 monthly to maintain your Premier status.

the service offered to Priority Banking customers are pretty much the same everywhere. they include:

1)Personal Relationship Manager to handle your accounts which means you only need to see this person he or she will handle all your banking needs at that bank. and yes she will come to you if thats what you need.

2)Free parking (this applies to certain branches with carparks only). If branches in shopping complex you get first hour waiver.

3)Better interest rates for deposits and loans. also normally 50% off for safe depoit box.

4)No queue provided you make appointment in advance. or else maybe wait for around 5 minutes?

5)Invitations to investment seminars etc

6)Personalized Cheque Book (most banks the chequebooks of Priority Banking customers are different. the colour and it usually says priority banking etc.)

7)Pre approved Platinum credit cards with annual fee waiver for as long as you maintain your Priority Banking status

again, priority banking customers dont generally ask for it. it's so happen they have certain amount of money inside so they become eligible. dont have to downplay the advantages. it makes one looks like sourgrape frankly.

there are RMs who offer these extra service..

very hamsap ah..

to put it simply, they will go to great length to satisfy you so you would signup the investment plans and park your funds with them. that includes satisfying physical needs. however, not all RMs is as unethical as this.

i hope everyone can remain focussed. this is not a forum for wagging tongues to practise.