from 200k to 250k, the 50k requirement may catch some of the customers and start charging them monthly fee without them knowing.... very sneaky

@mouldybread,
I think banks should have issued a statement to their customers before charging them monthly fees

What sort of self-serving bank would want to do that??

This post has been edited by tgeoklin: Mar 25 2009, 01:03 PM

It used to be RM200k. I think a lot of people will be upset coz the notice is so short. I mean it is almost March now and they expect people to come up with RM50k in a matter of days ?

I'm almost certain the RM will inform their clients and a formal letter will be send out to inform everyone involved about the revised T&C.

By the way, i'm not sure about other banks but at HSBC, once your fund has dropped below the minimum requirement, they will start charging you RM150/month as account maintenance and may be 2 or 3 months later should your fund is still below the minimum requirement they will degrade you to just a regular customer, no longer their VIP.

@MilesAndMore,
I've not received any letters or formal notification from my RMs - I'll check with my folks if they have. Then again, I don't think anyone in my family's a Priority Banker with SCB *gulps*

I see that nobody mention about the launching of Citibank Citigold Global Banking in August last year. Now the perks offered are almost the same as HSBC Premier Banking. Anyways, below is the article.

maybank private banking - the best pleasure is to go into a crowded and packed bank and simply stroll to the counter and potong everyone. u guys have to see the angry eyes of other patrons who waited for hours for their turn. that experience is worth every ringgit i have to park in the CA

You are EVIL

Interesting ... so now Citibank offer (similarly to HSBC)

1. If you are a PB in HSBC Malaysia you need not qualify again if let's say you want to become PB customer in HK or SG ?
2. Has the RM quality improves in Citibank Malaysia ? I've heard some many interesting stories about it.

@lucifah,
That goes the same for those holding the Red Carpet card at PBB.

@hye,
1. Yes, U do not need to re-quality to meet HSBC's PB overseas if you're an existing PB here.
2. Ain't too sure - as U may have heard, I've decided to stop dealing with them unless I really need to!

There is no mention if you will automatically qualify for Citibank Citigold status in other countries you intend to open an account with but other than that, most perks associated with Citibank Citigold do match the ones offered by HSBC Premier.

@MilesAndMore,
I guess it depends on the location/area one intends to go to, if that place has a HSBC then open a HSBC; if there's a Citibank then open a Citibank. If there are both, U get the option to see which free gift is better hAHahHAhahA

Tinkerbel, you probably have misunderstood what i said. Of course can open account overseas but it doesn't necessary mean we will get the same treatment as we enjoy at home whereas HSBC guarantees you will enjoy the same privileges and you will automatically become ... erm ... say HSBC USA Premier customer if you are HSBC Malaysia Premier customer. But we are still not sure if we can automatically be entitled for Citibank Citigold status in USA even if we are Citibank Malaysia Citigold customer.

This post has been edited by MilesAndMore: May 15 2009, 04:43 PM

@MilesAndMore,
Oh! hEHhe.. OopSs ! *embarassed* well, if we're not planning to be abroad for long periods of time, it should be OK not to be a 'full' PB banker I guess

Anyhow, have decided to close off 1 CitiGold PB account cause I need the $ to pay up the house *grins*

All these priority banking are for individuals right? What about companies? If one owns a sdn bhd with huge deposits with the bank, what do the banks offer for these high net worth people? Do they get special cheque books too for their company cheques?

Yes


Certain big companies have their company's name printed on the cheque. Not sure what are the privileges for "sdn bhd" boss with lots of cash but i'd expect them to have their own bank account stack with lots of cash. So basically they will be entitled to be the bank's VIP.

This post has been edited by MilesAndMore: May 16 2009, 12:16 AM

@MilesAndMore,
Aren't Account holder's name always printed on the cheque?

I find HSBC Premier is quite good to me, but CitiGold just completely turns me off. My RM is just horrible and afterwards my experience opening up an Offshore account from SG was just downright horrible as well. I know for future experience I'll never bank there again. However I'm please to open with Maybank Private Banking and Maybank Offshore in Labuan. Its a much better experience so far. HSBC is an ok experience but their fees are just not worthwhile.

Premier banking. Fees? What fees?