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).

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

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?

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)

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)

Wah! How? Teach me sifu!!!

how?

Only for wage kuli like me I used HSBC as my salary account few years back then one day I got invited to Premier, RM said no need to pay anything and just need verbal confirmation to upgrade via Perks@Work and been maintaining since then.

My HSBC balance is always RM50 (salary masuk then keluar) for few years edi (that's why my earlier comment that I may or may not lose my Premier in the near future)

https://www.hsbcamanah.com.my/accounts/prod...k-for-employee/

Ah, ok. Just be careful because onboarding like this will be dependent on the good graces of the bank. I politely declined a similar offer from OCBC premier private to BOS private as I was more than what was required for their premier private but not enough for their full fledged private bank (Bank of Singapore).

Onboarding means I’ll be invited over but I’ll also be given a deadline to make good the actual required AUM.

No thabks. I’ll join only if I can make the cut.

Yeah that's very true, one day they'll probably claw it back - just matter of time. To be frank there's not much to the whole "Premier" thing as well other than once-in-a-bluemoon type of convenience (i.e. when I needed to open offshore AU account before being there, physically, without Visa and all). Beyond that it's just overrated title that people don't really care about (not me at least)
So long as they still let me to keep it for free, I'll continue to hold it till "that day" comes

Any idea any similar programme/campaign like Perks@Work for Maybank?

Noob questions here. I am more than qualify to be Maybank premier but how come never get invited? Do I need to tell them or 250k need to park somewhere for them to see?

Noob questions here. I am more than qualify to be Maybank premier but how come never get invited? Do I need to tell them or 250k need to park somewhere for them to see?

Any idea any similar programme/campaign like Perks@Work for Maybank?

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.

It seems then that HSBC offers a better Premier program compared to SCB’s.

In Singapore, 15-20 years ago, to qualify for Maybank Premier, we required AUM of SGD500,000 (that was back when SGD to MYR was 1 to 2.2. It’s since been lowered to SGD300,000, commensurate with the SGD strengthening to 3.5 MYR.

I think you’ll need RM1,000,000 to qualify.

Not that I want it but just wondering how they select? Some ppl tell me u have loan with them >500k then auto. I don't want to diverge too much info but even if you got SGD300K AUM they auto call u to invite or u need to flash in front of them?

Not that I want it but just wondering how they select? Some ppl tell me u have loan with them >500k then auto. I don't want to diverge too much info but even if you got SGD300K AUM they auto call u to invite or u need to flash in front of them?

I can’t speak for everyone but I was invited by virtue of the total assets I hold with the bank, which was all cash initially.

I’m not as savvy as Ramjade and my foray into investment started with my premier/prestige/privilege RMs who saw that I was getting a pittance from the funds I parked in the banks.

If you have SGD300k, you qualify for OCBC sg premier.
DBS and UOB require 350k.

Usually you call have to call them. Unless you are banking with them, they might offer you if it's large enough.