I guess those in the private banking echelon would have very little reasons to go to one.

Actually, I think even at Privilege/Premier/Priority level, the RM would be falling over themselves to get your business and (as Ramjade would say) "take your money".

Yes the RM did try. But I am a noob. Not in a habit to put money in places where I have no understanding.

I'm also a noob. And I follow your instinct as well ... only invest in things I understand. Rather make less than to lose everything.

Fully agree. Better be safe than caught with the pants down. Seen it many times. Also not keen to place anything not within the country of domicile. If get called home, the family will have issues.
A modest return is good enough, protecting what we have is far important than trying to multiply it.

On this one - just realized that HSBC now has fully online self-service to open international account, in case if anyone ever stumbles into this similar situation

Leaving this link here: https://internationalservices.hsbc.com/over.../where-to-open/

Select your current premier country and intended overseas country to open bank account and it'll tell you the criteria (incl. whether if there's separate requirement to qualify for waivers etc.)

This is a saying or philosophy best reserved for old fogeys like me, who are at the cusp of joining the masses of the unemployed.... then, yes, capital protection is paramount.

Not for a young stallion like yourself! hahaha

Here is a more comprehensive list of privileges I'm able to tap into, for Private Banking. In decreasing order of "added benefits":

Maybank
1. Airport transfers (limited to 12 times per private banking client, so that's 24 times for wife and me)
2. Dunno how many double/triple Treats Points if I buy air tickets using the Diamante Visa Infinite Card (points never expire) and free conversion to KFlyer Points
3. Free Diamante Visa Infinite forever
4. Free Priority Pass Lounge Access (useful for airports without dedicated SQ Silver Kris lounges)
5. Access to free concert (eg Taylor Swift) and soccer (eg Liverpool's recent visit) events in Singapore & use of corporate suite @ the Singapore National Stadium
6. Access to IPO Bonds/FCN/preferential credit line
7. Access to Cornerstone Investor opportunities
8. Additional useless perks like exclusive use of MBB' private lounges at various locations in Singapore (but the best is right in the CBD and is super inconvenient) for free barista coffee and snacks and soft drinks

DBS
1. Unlimited airport transfers
2. Priority Check in at Changi T2 (useful if I ever fly Malaysia Airlines)
3. Use of private lounges at T3 & T2 (even if I fly economy)
4. Access to certain Income Funds (similar to annuities, but paying out 8% - 10% annually, with capital protection)
5. Access to IPO Bonds/FCN/preferential credit line
6. Access to Cornerstone Investor opportunities
7. Additional useless perks like exclusive use of DBS' private lounges at various locations in Singapore for free barista coffee and snacks and soft drinks
8. The welcome pack consisted of lifestyle vouchers like free grooming sessions (for him and her), free spa visits - none of which I had time to use and have all long expired

UOB
1. Airport transfers (I have to inform my banker and the total number of such free transfers depend on the value of my AUM)
2. Preferential fixed deposit/savings rates (while the war chest is being built up) - at the moment, I'm getting 3.3% on my savings account (neither DBS nor MBB offer this) with no lock in & this is even better than OCBC's Premier Dividend, as I can withdraw and transact without losing that month's interest
3. Access to IPO Bonds/FCN/preferential credit line
4. Access to Cornerstone Investor opportunities

That would have been nice, but unfortunately I am a stone throw away from retirement age.

Hi to all HSBC premier banking customers. just a silly question,

if i apply to be a Premier HSBC customer, can i park their office (Menara IQ) everyday? since it's free right and my workplace will be at nearby TRX also.

This post has been edited by donkeygg: Jun 17 2024, 01:14 AM

No
Even though my car full of stickers on my windshield
The guard will stop you if you head in different direction after parking

It’s a bit erm, inconsiderate bro…

Oh, good. At least the bank has the good sense to weed out abusers.

Premier customer is unlikely to spend too long time in the bank and certainly not everyday. It is almost certain guard will be instructed to lock your car.

To be honest, I can’t remember when was the last time I had to walk into a bank for anything….

Private bank customer need not go to the bank, RM comes to you.

One of the small privileges yes

Let say customer upgrade new phone and reinstall new banking app on new phone, will the RM come and help customer activate the new device at ATM too without the need for customer go find ATM?

If RM could validate using her notebook, she will certain come to the customer.

This post has been edited by icemanfx: Jun 17 2024, 04:17 PM

I had mine activated by MBB Customer Service officer in Malaysia because I’m based in Singapore.

So yes, it can be done. Whether they’ll entertain someone who is based in Malaysia is debatable…