Yeah…lesser people too…

Since we’re on tjis tooic, Virgin Air BC has excellent treatment at Kingsford Snith. Even their Dimestic BC has own baggage clearance bext to the the BC Lounge.

Yeah…lesser people too…

Since we’re on tjis tooic, Virgin Air BC has excellent treatment at Kingsford Snith. Even their Dimestic BC has own baggage clearance bext to the the BC Lounge.

I love the fat ones…😂👍👍

Just my preference… but not ‘out-pf-shape’ pls…sorry for being so direct….

Bank Islam starting Premier Wealth next time can buy bonds


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One perk that I just found out today… I got offered the use of the Maybank Lounge at the National Stadium where I could enjoy Taylor Swift’s concert in air conditioned comfort this coming Saturday. My RM sent me a text with the invitation.

I told her thanks but no thanks, not a Swiftie haha.

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This post has been edited by hksgmy: Mar 5 2024, 08:40 AM

Good info, bro,... Got DBS Lounge there ?

HSBC Premier Elite
AUM RM 3 million

Sorry I must have missed this tag bro.

No, I’ve never been invited by DBS for any of the concerts at the National Stadium. I could ask my banker but he’ll probably come back and ask me to buy more stuff from him so I’d rather not disturb him unless I have to hahaha.

Update on privileges for UOB Private Bank (min AUM SGD 5m) - preferential savings rates in High Yield Account of 3.3% with no need for monthly spending as long as you keep more than SGD200,000 in it.

Another update for OCBC Premier Dividend holders in Singapore. 3.5% interest for balance if you put in SGD10,000 per month with no withdrawal.



This post has been edited by hksgmy: May 1 2024, 10:18 PM

Tq for above updates, bro hksgmy,...

No worries. I'm happy to be able to contribute the little that I know.

I got asked a question by another forum user via private message, but I thought it was a useful question - and since I didn't have a direct answer for him, I'd share my answer and invite others to chip in:

Here's my answer:

Hi, sorry I'm not priority status with SCB here in Singapore (where I'm based). I have priority/premier/privilege status with:

1. OCBC (Premier Dividend Private) - it's a step up from Premier, but a step down from full Private banking - that's only in Singapore

2. HSBC (you choose your country to base the minimum AUM, and the minimum AUM varies per country. In Singapore, it's SGD250,000 for in Australia, it's only AUD200,000 - so I transferred from being domiciled in Singapore, to being domiciled in Australia). However, for HSBC, in order for you to be domiciled somewhere, you need to demonstrate reasons. Eg. studies in the UK (domicile in UK). In our case, we are PRs of Australia, so they accepted the transfer, although we are still based and work in Singapore

I'm normal status with Citibank, SCB

I bank privately with UOB, Maybank and DBS

I have priority/premier/privilege status with:

1. OCBC (Premier Dividend Private) - it's a step up from Premier, but a step down from full Private banking - that's only in Singapore, and AFAIK, OCBC Wing Hang in HK does not have any automatic tie up access with OCBC in Singapore.

2. HSBC (you choose your country to base the minimum AUM, and the minimum AUM varies per country. In Singapore, it's SGD250,000 for in Australia, it's only AUD200,000 - so I transferred from being domiciled in Singapore, to being domiciled in Australia). However, for HSBC, in order for you to be domiciled somewhere, you need to demonstrate reasons. Eg. studies in the UK (thus you can be domiciled in UK). In our case, we are PRs of Australia, so they accepted the transfer of primary Premier account to Australia, although we are still based and work in Singapore.

I'm normal status with Citibank, SCB - hence I don't know if you can open an SCB account in HK from Malaysia, and whether you'll need to maintain the minimum required AUM separately, or does SCB do it like how HSBC does.

If anyone has the answer to this, I'm sure the forum user would be grateful.

This post has been edited by hksgmy: May 6 2024, 08:59 PM

I also got the PM. But I really dunno.

I got answer from SCB Malaysia. Your priority does not extend beyond the country your account is in.
If you have priority with SCB Malaysia, they can help you open SCB account. But it must be priority with SCB Singapore as well.

How true. I don't know. Maybe they are bluffing me also.

Anyway I will never use any priority banking as I see no reason to park money with the banks.

This post has been edited by Ramjade: May 6 2024, 02:28 PM

After you join their priority banking, they will start to introduce you loss-making investments and if you bodoh2 believe, then

I don't have the direct answer with exactly the same scenario (i.e. open HK account from Malaysia); but a similar one (i.e. open AU account from Malaysia). TL;DR I don't know SC Bank but only HSBC, and below are my scenarios if it helps anyone.

Context, I'm HSBC Premier Customer in MY and had pre-existing relationship with HSBC HK (basic account but enjoys same premier privilege). Note, it's basic premier (200k AUM), not the Elite premier (3mil AUM).

So when I opened my HSBC AU account, I reached out to my Premier Relationship Manager (basically a call center only now...) and I did everything from Malaysia to open my HSBC AU account. Basically they can't do much also, other than collect basic info and then route everything to HSBC INTERNATIONAL banking team. From there on, a separate team reached out to me to finalize the application and sent me a virtual link (online forms) to complete the process.

There, I proceed to apply my HSBC AU account with referral from International Banking team and I applied for BASIC HSBC AU account foreseeing that I may or may not lose my Premier status in near future (if I migrate). It's all done within 3 months and now I have:

- HSBC Premier account (MY)
- HSBC Basic account (HK) - enjoys premier from MY
- HSBC Everyday Global account (AU) - enjoys premier from MY
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A separate question since we're on this topic, hksgmy on the HSBC when you did the "domicile transfer" - are you referring to the annual HSBC tax declaration that they send? And once transferred (in your case from SG to AU), I assume that you'll now only need to maintain AUM in AUD to maintain premier in Australia, but enjoys premier status globally with the premier-charges waived both in SG and AU?

This post has been edited by polarzbearz: May 6 2024, 02:36 PM

Not every suggestion is a loss making venture la, to be fair… but I would stay clear of ILP and insurances and unit trusts if possible.

Bond funds, maybe to get a foot in if you can’t afford a whole bond.

Joining priority banking != must follow their advice.

My RM gave up persuading me

There are also free ways to enjoy premier/priority banking without commitment (i.e. i technically skipped the 200K AUM requirement)

my both funds with Sx all loss-making nearly 40%.

Then why I never trust them anymore and tell them go to fly kite.

This post has been edited by jack2: May 6 2024, 02:37 PM