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.

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

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? :confused:  :confused:

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?  

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

Your Maybank Private Banking is with Malaysia or Singapore Maybank? Does Malaysia private banking offer such privileges like cornerstone investor etc?

My last private banking experience was with CIMB Private banking 20 years ago. At that time, they opened up foreign IPOs like Bank of China (HK) to us. Later on they restricted it to only institutional investors and became very partial in their allotments. I left after that.

Uob privilege banking need to keep 500k aum to maintain privilege status?

Don't know why that the uob banker told me only need to keep for a month plus then after that wasn't clear what he said.. Will ask him 2moro but thought of checking with u guys 1st.

Also, I remember ambank branch manager also ask me to bring in funds to him keep a couple of months then can move the funds away no issue can get the metal card.. Is there such thing or they just trying to entice me.... Lol

AFAIK, if you consistently fall below AUM they can give you warning then decide to terminate your status

thanks for prompt reply, even at this time, sir..

actually i just wanna squeeze the banks for benefits by joining their privilege.. uob rejected me many times and i finally got my VI approved via PB  just so i can get their dragon pass....
but bcoz the banker told me i needed the 500k aum till end of June or something then i thought after that i can move the money out somewhere else to get better rates for FD or something so just checking out here if u guys know what he actually meant...

well, that aside , since these non Malaysian banks give shit rates for their FD... was wondering usually how u guys utilize the parked funds? of course they r always selling their insurance and Unit trust but i got enough of those d.. i been looking into capital protected products (e.g. shark fin /shark note) but dont mind explore others if got some suggestion .... not very familiar with financial markets but i guess those products introduced by the RMs usually will benefit them more than us so any1 open to discuss on this matter?

AFAIK, if you consistently fall below AUM they can give you warning then decide to terminate your status

Incorrect. Just spoke to the banker he said need to keep around 2 months only to get whatever free gift (for my case a luggage and vacuum cleaner) then u can move the money out d... They won't downgrade nor ask u to topup. Lol

Wow. Good for you guys! Private banking will call you to top up sadly.

Incorrect. Just spoke to the banker he said need to keep around 2 months only to get whatever free gift (for my case a luggage and vacuum cleaner) then u can move the money out d... They won't downgrade nor ask u to topup. Lol

Here’s what happens if our AUM falls below min requirements, as reported by Straits Times:

thanks for prompt reply, even at this time, sir..

actually i just wanna squeeze the banks for benefits by joining their privilege.. uob rejected me many times and i finally got my VI approved via PB  just so i can get their dragon pass....
but bcoz the banker told me i needed the 500k aum till end of June or something then i thought after that i can move the money out somewhere else to get better rates for FD or something so just checking out here if u guys know what he actually meant...

well, that aside , since these non Malaysian banks give shit rates for their FD... was wondering usually how u guys utilize the parked funds? of course they r always selling their insurance and Unit trust but i got enough of those d.. i been looking into capital protected products (e.g. shark fin /shark note) but dont mind explore others if got some suggestion .... not very familiar with financial markets but i guess those products introduced by the RMs usually will benefit them more than us so any1 open to discuss on this matter?

Wish I have this problem