Got a call from RHB yesterday asking to join Priority Banking but was told must open a multi currency account with them in order to join.

Any RHB PB customer here can verify whether it is true that I must open a multi currency account with them?

Its call Premier Banking, and no need open any multi currency at all.

just wondering for rhb, if we park 200k under flexi loan account to offset interest, is the 200k no longer consider AUM?

Any1 have exp in this? Thanks.

just wondering for rhb, if we park 200k under flexi loan account to offset interest, is the 200k no longer consider AUM?

Any1 have exp in this? Thanks.

I guess its pretty clear cut, answer is No ...treat it as the less interest gained/offset as membership fees ....or unless u qualify for condition 2 even after putting in 200k in loan acc

rhb doesn't enforce the minimum aum.

hi i been asked to join CIMB premier.. is my 1st time joining such banking facility so is there anything i should take note of or i should know when joining?

thanks sifu

hi i been asked to join CIMB premier.. is my 1st time joining such banking facility so is there anything i should take note of or i should know when joining?

thanks sifu

Should have a welcome pack which consist of the information etc which has parking sticker/ change of new pb atm card although a bit redundant/ get welcome gifts ? Lol / privilege you may use or need like rates discount etc + sign offsite indemnity form etc for call instructions/ RM details/ risk profiling etc

hi i been asked to join CIMB premier.. is my 1st time joining such banking facility so is there anything i should take note of or i should know when joining?

thanks sifu

I do not have cimb account but I think is call Preferred not premier

rhb doesn't enforce the minimum aum.

Anyone with priority banking experience and wishes to share their experience? Apparently the turnover of RMs at Citibank's Citigold is very and there are too many customers while Stanchart's Priority Banking is too slow. Any comment? Some bank's RMs are very good and efficient too.
List of banks and their priority banking services as well as minimum balance requirements:

1. Maybank Premier Wealth - RM 250k

2. RHB Premier Banking - RM 200k

3. CIMB Preferred - RM 250k

4. Alliance Bank Privilege Banking - RM 300k

5. Public Bank Red Carpet Banking - RM 300k

6. Hong Leong Priority Banking - RM 300k

7. Citibank Citigold - RM 400k

8. HSBC Premier - RM 200k

9. OCBC Premier Banking - RM 300k

10. UOB Privilege Banking - RM 500k

11. Standard Chartered Priority Banking - RM 250k

12. AlRajhi Affluent - RM 250k

13. AmSignature Priority Banking - RM200k

14. Rakyat Xclusive - RM300k

most of them require the funds to be placed in FD to ensure it won't drop below the minimum entry requirements. some provide complimentary World or Infinite Credit Cards as well.

If we do not maintain the aum 250k in Cimb preferred, will the bank charge any fees ?

Based on past one year experience, no charges imposed

Hope so. But I think they charged me rm10 half yearly fee for balance below 1k