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 Priority Banking, Everything about Priority Banking

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sgh
post Jun 3 2022, 01:10 PM

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QUOTE(CANONPIXMA @ Jun 3 2022, 12:16 PM)
If I were to join CIMB preferred program, will I be able to negotiate the interest rate on my existing mortgage to follow the rate that they are currently offering to preferred member?
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I dunno CIMB SG preferred program is no need apply it auto give you? Recently I place a FD via mobile app and was given the preferred online promotion rate. Understand CIMB MY operate differently from CIMB SG so maybe you can call in and ask?
gchowyh
post Jun 3 2022, 03:21 PM

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QUOTE(freshinewbie @ Jun 2 2022, 10:02 PM)
Just curious how many of you really get to enjoy their Premier/lounge service? Can walk in just for coffee ah? 😅
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Actually some places still have not resume offering drinks in their lounge, like CIMB.
freshinewbie
post Jun 3 2022, 07:13 PM

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QUOTE(umboy @ Jun 2 2022, 10:45 PM)
Not really
Many bank will want u to do transaction or investment
The manager there will definitely come to u if they see u drink coffee
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Noticed some bank have beautiful lounge for their Pb client, i belive you might have some transaction or investment only get to really sit in to enjoy the lounge service.
umboy
post Jun 3 2022, 07:17 PM

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QUOTE(freshinewbie @ Jun 3 2022, 07:13 PM)
Noticed some bank have beautiful lounge for their Pb client, i belive you might have some transaction or investment only get to really sit in to enjoy the lounge service.
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Yes
Bank will always sell u product to make money
That is why they hire the manager
A bit of tidbits to their customers will earn the manager a lot of money commission
zenquix
post Jun 30 2022, 10:11 AM

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QUOTE(CANONPIXMA @ Jun 3 2022, 12:16 PM)
If I were to join CIMB preferred program, will I be able to negotiate the interest rate on my existing mortgage to follow the rate that they are currently offering to preferred member?
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No. you can trigger as refinance but you will have to pay all the fees / early settlement charge etc. - no "auto-adjust".
icemanfx
post Aug 9 2022, 10:43 AM

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Many of popular products pushed by privilege/priority r.m is left over from private/investment bank.
ShinG3e
post Aug 9 2022, 01:50 PM

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QUOTE(Mattrock @ Apr 29 2022, 09:01 AM)
Depends on your RM. I have a great RM with HLB. Bandar Putri branch. I also have Ambank Priority, but RM is totally useless.
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A lot of useless RM nowadays that only wants to sell. I myself got one auntie that is so thrash to the point I’m thinking if I should just cancel the priority membership so I don’t need to deal with her anymore.
icemanfx
post Aug 9 2022, 05:26 PM

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QUOTE(ShinG3e @ Aug 9 2022, 01:50 PM)
A lot of useless RM nowadays that only wants to sell. I myself got one auntie that is so thrash to the point I’m thinking if I should just cancel the priority membership so I don’t need to deal with her anymore.
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If you want quality RM, go to private bank.

This post has been edited by icemanfx: Aug 9 2022, 05:26 PM
ShinG3e
post Aug 9 2022, 06:21 PM

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QUOTE(icemanfx @ Aug 9 2022, 05:26 PM)
If you want quality RM, go to private bank.
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Working towards that ser.
MasBoleh!
post Aug 11 2022, 03:52 AM

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QUOTE(ShinG3e @ Aug 9 2022, 06:21 PM)
Working towards that ser.
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Huiyooo! All the best biggrin.gif
umboy
post Aug 14 2022, 12:38 AM

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I believe only Standard Chartered Priority, Citigold, HSBC Premier, Maybank, CIMB Preferred and Public Red Carpet are recognised internationally

This post has been edited by umboy: Aug 14 2022, 12:39 AM
lyylyy P
post Aug 14 2022, 08:55 AM

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QUOTE(icemanfx @ Aug 9 2022, 05:26 PM)
If you want quality RM, go to private bank.
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ya. my next goal. biggrin.gif
umboy
post Aug 15 2022, 11:11 PM

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QUOTE(umboy @ Aug 14 2022, 12:38 AM)
I believe only Standard Chartered Priority, Citigold, HSBC Premier, Maybank, CIMB Preferred and Public Red Carpet are recognised internationally
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I enquired OCBC and UOB bank why they do not want to extend their privilege and premier status internationally
The answer the bank officer gave me is to prevent scam due to sharing personal information doh.gif
maxmillion
post Aug 28 2022, 07:09 PM

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QUOTE(umboy @ Aug 15 2022, 11:11 PM)
I enquired OCBC and UOB bank why they do not want to extend their privilege and premier status internationally
The answer the bank officer gave me is to prevent scam due to sharing personal information  doh.gif
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hahaha...you should have asked how HSBC does it.

Honestly, the RMs are just a glorified complaints department for me. I self-serve everything.
umboy
post Aug 28 2022, 10:52 PM

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QUOTE(maxmillion @ Aug 28 2022, 07:09 PM)
hahaha...you should have asked how HSBC does it.

Honestly, the RMs are just a glorified complaints department for me. I self-serve everything.
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Yeah
I have HSBC too
Open HSBC Sg
When I request RM to open HSBC USA, then she said need to wait for a very long time from the official from India rclxub.gif
Drinho22
post Aug 30 2022, 03:47 PM

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QUOTE(umboy @ Aug 28 2022, 10:52 PM)
Yeah
I have HSBC too
Open HSBC Sg
When I request RM to open HSBC USA, then she said need to wait for a very long time from the official from India  rclxub.gif
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With HSBC, is it easy to open SG bank account? Since you mentioned if open HSBC USA, need to wait for a very long time from the official from India
umboy
post Aug 30 2022, 07:29 PM

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QUOTE(Drinho22 @ Aug 30 2022, 03:47 PM)
With HSBC, is it easy to open SG bank account? Since you mentioned if open HSBC USA, need to wait for a very long time from the official from India
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Yes
You just need to talk to your RM
You do not need to go to Singapore
Your passport need to be valid

I managed to open CIMB Sg without passport
Drinho22
post Sep 3 2022, 02:41 AM

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QUOTE(umboy @ Aug 30 2022, 07:29 PM)
Yes
You just need to talk to your RM
You do not need to go to Singapore
Your passport need to be valid

I managed to open CIMB Sg without passport
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Curious. Since you got HSBC SG account, why you need a CIMB SG account?
umboy
post Sep 3 2022, 09:50 AM

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QUOTE(Drinho22 @ Sep 3 2022, 02:41 AM)
Curious. Since you got HSBC SG account, why you need a CIMB SG account?
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Good question

There are reasons why I have 2 SG account

1. To diversify

2. To avoid putting all my money in one basket

3. To transfer money in between SG bank account to avoid dormant or inactive account
Drinho22
post Sep 3 2022, 07:01 PM

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QUOTE(umboy @ Sep 3 2022, 09:50 AM)
Good question

There are reasons why I have 2 SG account

1. To diversify

2. To avoid putting all my money in one basket

3. To transfer money in between SG bank account to avoid dormant or inactive account
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Oooooo… then understood. Noted. notworthy.gif

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