I think most people reading this can definitely afford the whatever amount required for priority banking. Can anyone enlighten me on the reason to have a priority banking account?

Now I have paid off my house & car. I park most my cash in IBKR (stocks, bonds, futures). I keep my "liquid" cash in FD and MM instruments, and I make a conscious effort to ensure I'm not keeping too much cash (except when the market is insane). I haven't came across any perk that worth my effort to "ensure" myself having 300k in the bank at all time.

Maybe like they say, if you don't see the point, you're not there yet. haha.

HSBC has a multi-currency account. Put some xxx USD there - earn the 4.x% interest and its enought to keep the premier banking going. Why would you need it ? If all your banking in Malaysia and you dont travel overseas much or plan to finance your children overseas than I agree limited reasons. Thier relatonship managers focus on uncle aunty UT or forex products.  Few are truly savvy.  But for the overseas accounts its worth having it - protects your foreign currency in Malaysian account and easy to move funds.

HSBC has a multi-currency account. Put some xxx USD there - earn the 4.x% interest and its enought to keep the premier banking going. Why would you need it ? If all your banking in Malaysia and you dont travel overseas much or plan to finance your children overseas than I agree limited reasons. Thier relatonship managers focus on uncle aunty UT or forex products.  Few are truly savvy.  But for the overseas accounts its worth having it - protects your foreign currency in Malaysian account and easy to move funds.

year end promotion, apply for CIMB preferred account get  RM100 vouchers.

interested on this.. how to get that promotion?

Hi bro,

1. May i know as of now to-date, which is the most preferable Priority Banking in Malaysia?

2. That come with free airport launge access preferred (without their credit card).

I think CIMB Preferred Debit card can get you in.....

which the preferred credit card is free for life anyway

Hi bro,

1. May i know as of now to-date, which is the most preferable Priority Banking in Malaysia?

2. That come with free airport launge access preferred (without their credit card).

Ya using the HSBC EGA multi currency. Zero transfer fee from my GBP acct to my kid in UK and vice versa. Be it via her MY or UKHSBC.

Plus they facilitate the UK HSBC acct opening from MY. All debit cards sent to MY before flying off. So pretty good service.

Converted most funds when it was low rate and then keep in GBP FD for 4-4.9%... now is lower at 4.1%.

Travelling also easy with the EGA debit card.

The premier status easy to maintain as any products with them is counted as part of min funds.

Any promo to open this account? Or referral reward

There is referral bonus ..RM2k payable after 3 months...

Which bank?

Hsbc

There is referral bonus ..RM2k payable after 3 months...

Any pre-requisite required to hit the criteria for referrals?

Which bank?

I think referral needs to be premier status.. I could be wrong.

Once approved and the referee stay on as premier member with valid acctis good to go. I referred some family and we split 50:50 once payment in... hehehe