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 Priority Banking, Everything about Priority Banking

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dwRK
post Jan 11 2024, 03:21 PM

the consummate chartist
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free makan tonight...

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This post has been edited by dwRK: Jan 12 2024, 08:15 AM
babyscouts
post Jan 13 2024, 07:31 PM

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QUOTE(dwRK @ Jan 11 2024, 03:21 PM)
free makan tonight...

user posted image
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Wah….. rclxms.gif
200k for invikta
At least 1 million to invite dinner
Hansel
post Jan 16 2024, 12:27 PM

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QUOTE(babyscouts @ Nov 10 2023, 08:22 PM)
Wow cannot believe there is kind RM only send FD promotion  blink.gif
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QUOTE(hksgmy @ Nov 10 2023, 08:28 PM)
My Maybank Prestige/Privilege RM was one such banker. She knew we were super conservative and really bided her time. We had so much money locked up in low yield FDs while she was with Maybank Prestige. Then, she got upgraded to Private Banking, took us long with her and showed me what I was missing out - and by this time, I was ready to listen.

I bank privately with Maybank, UOB and DBS (I'm based in Singapore), and I've since made it clear to the RM at UOB and DBS I expect the same respectful approach that my Maybank Private RM showed me - and they've been more than happy to agree.
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QUOTE(dwRK @ Nov 10 2023, 09:37 PM)
depends on your rapport and relationship with RM... its not all about buying banking products giving them commissions... no doubt they will try to introduce new stuff, its part of their job... but if you let them know what your interest are, etc., they can look out for you and not blanket promotions...

RM can really make life easier... a lot of banking stuff we just text her and she does all the paperwork... even comes to the house on saturdays or sundays for our signatures... a lot of the token gifts, like moon cakes, CNY stuff, etc actually comes from their own pocket... so we usually tell her NOT to give us anything, but she dun listen... lol... so usually when she comes around, we take her out for brunch or lunch, we pay... waifu sometimes bakes cake/bread as gift for her... lol... treat them nicely as human beings pls... not leaches trying to get you...
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Good inputs above, bros,...

On my side, I look at RMs in a different way. I am very independant in my trading and in 'earning from the mkts'. I am polite to them if they call me, but I don't really need anything much from them.

If I have to call the RM every now and then or if there is always something that the RM needs to do to interact with me to do so,... then there is a problem with their system.

They can send me updates, invitations or annual meet-ups, but I seldom do,... I'll go only if my wife(s) want to go. But if I don't tell my wife(s) there is such an event, they wouldn't know too and hence, wouldn't want me to go... 'forcing' me to go with them.
dwRK
post Jan 16 2024, 02:21 PM

the consummate chartist
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QUOTE(Hansel @ Jan 16 2024, 12:27 PM)
Good inputs above, bros,...

On my side, I look at RMs in a different way. I am very independant in my trading and in 'earning from the mkts'. I am polite to them if they call me, but I don't really need anything much from them.

If I have to call the RM every now and then or if there is always something that the RM needs to do to interact with me to do so,... then there is a problem with their system.

They can send me updates, invitations or annual meet-ups, but I seldom do,... I'll go only if my wife(s) want to go. But if I don't tell my wife(s) there is such an event, they wouldn't know too and hence, wouldn't want me to go... 'forcing' me to go with them.
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sometimes stuff needs wet ink wink.gif

also we are supporting jobs and kick start someone's career biggrin.gif

and as someone jobless... free food is best... hahaha

dwRK
post Jan 16 2024, 02:24 PM

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another free makan coming up...

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Hansel
post Jan 16 2024, 02:37 PM

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QUOTE(dwRK @ Jan 16 2024, 02:21 PM)
sometimes stuff needs wet ink wink.gif

also we are supporting jobs and kick start someone's career biggrin.gif

and as someone jobless... free food is best... hahaha
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Ok bro,... thumbsup.gif

Have a good dinner on Jan 30th....
babyscouts
post Jan 16 2024, 08:17 PM

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QUOTE(dwRK @ Jan 16 2024, 02:24 PM)
another free makan coming up...

user posted image
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Wah….. rclxms.gif
200k for premier
At least 1 million to invite dinner
Tsting
post Jan 29 2024, 05:18 PM

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Sorry just a quick question.
With my cursory research, in Sgp, DBS (and I think SCB) allow shares to be part of the AUM for privilege, priority status. The shares are held under custodian, but easily tradable via their respective online platforms.
Is there something similar with the local banks here?
hksgmy
post Jan 29 2024, 07:43 PM

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QUOTE(Tsting @ Jan 29 2024, 05:18 PM)
Sorry just a quick question.
With my cursory research, in Sgp, DBS (and I think SCB) allow shares to be part of the AUM for privilege, priority status.  The shares are held under custodian, but easily tradable via their respective online platforms.
Is there something similar with the local banks here?
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All the banks in Singapore that offer private banking or premier banking services will take into account shares or bonds held with them as part of your AUM
PseudomonasSA
post Jan 29 2024, 08:14 PM

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Does anyone know of an Alliance Bank privilege relationship manager to introduce? Thank you!
BenChiew
post Jan 29 2024, 08:34 PM

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QUOTE(Tsting @ Jan 29 2024, 05:18 PM)
Sorry just a quick question.
With my cursory research, in Sgp, DBS (and I think SCB) allow shares to be part of the AUM for privilege, priority status.  The shares are held under custodian, but easily tradable via their respective online platforms.
Is there something similar with the local banks here?
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Shares holdings is not AUM in at least Maybank, RHB and HSBC in Malaysia.
bouncy
post Jan 29 2024, 10:41 PM

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Hi. Would like to check for Maybank Premier Account AUM. Based on the below statement, does that means I need to always maintain the AUM each month for the past 12 months? Can I miss one or 2 months of the minimum AUM?

The Account will be charged an annual maintenance fee of RM800 or whatever amount Bank Negara Malaysia deems fit which will be debited to Customer’s account with prior notice to the Customer if the Customer fails to maintain the Minimum Qualifying Criteria for the past 12 months as stated in 5.1 above.

This post has been edited by bouncy: Jan 29 2024, 10:42 PM
hksgmy
post Jan 29 2024, 11:39 PM

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QUOTE(BenChiew @ Jan 29 2024, 08:34 PM)
Shares holdings is not AUM in at least Maybank, RHB and HSBC in Malaysia.
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Oh, that’s interesting… that the same banks would calculate AUM differently? I know Maybank in Singapore takes into account shares held in trust via their CDP as part of AUM. I also have shares held in trust by DBS that go toward total AUM.
BenChiew
post Jan 30 2024, 12:23 AM

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QUOTE(hksgmy @ Jan 29 2024, 11:39 PM)
Oh, that’s interesting… that the same banks would calculate AUM differently? I know Maybank in Singapore takes into account shares held in trust via their CDP as part of AUM. I also have shares held in trust by DBS that go toward total AUM.
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Perhaps this could be due to the diffence in the rules by the regulatory body. BNM and MAS may have slightly different views on this.
If you are a premier customer in HSBC Singapore, you can get a reciprocal status in HSBC Malaysia without having to meet the AUM though.
Hansel
post Jan 30 2024, 06:00 PM

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QUOTE(Tsting @ Jan 29 2024, 05:18 PM)
With my cursory research, in Sgp, DBS (and I think SCB) allow shares to be part of the AUM for privilege, priority status.  The shares are held under custodian, but easily tradable via their respective online platforms.
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QUOTE(BenChiew @ Jan 29 2024, 08:34 PM)
Shares holdings is not AUM in at least Maybank, RHB and HSBC in Malaysia.
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Both of you guys are right in the above.

Many banks besides DBS and SCB do not accept equities as part of AUM for the 250K and the 1,5mil brackets. The banks can still accept mutual funds, unit trusts and of course, cash, but not equities.
eeek P
post Feb 6 2024, 06:22 PM

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looking for someone to refer me as HLB Priority and share referral reward.
BenChiew
post Feb 6 2024, 06:39 PM

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QUOTE(eeek @ Feb 6 2024, 06:22 PM)
looking for someone to refer me as HLB Priority and share referral reward.
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You should be able to walk into a branch and ask to see the RM in that branch.
Dozz
post Feb 7 2024, 03:24 PM

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any UOB Privilege banking customer here? would like to know how is the status recognition in oversea like singapore, thailand? can we use their PB facility there?
hedfi
post Feb 7 2024, 05:23 PM

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QUOTE(Dozz @ Feb 7 2024, 03:24 PM)
any UOB Privilege banking customer here? would like to know how is the status recognition in oversea like singapore, thailand? can we use their PB facility there?
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Yes for SG
Dozz
post Feb 7 2024, 11:34 PM

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QUOTE(hedfi @ Feb 7 2024, 05:23 PM)
Yes for SG
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Let say if i have UOB account in SG, it will upgraded to Privilege banking status as well?

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