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 Priority Banking, Everything about Priority Banking

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aeronic
post Apr 9 2010, 10:04 AM

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QUOTE(mrcloud9 @ Nov 15 2007, 02:34 PM)
Anyone with priority banking experience and wishes to share their experience? Apparently the turnover of RMs at Citibank's Citigold is very and there are too many customers while Stanchart's Priority Banking is too slow. Any comment? Some bank's RMs are very good and efficient too.
List of banks and their priority banking services as well as minimum balance requirements:

1. Maybank Private Banking - RM 250k
2. RHB Infinity Banking - RM 200k
3. CIMB Club - RM 150k
4. Alliance Bank Privilege Banking - RM 200k
5. Bank Muamalat Prime Banking - RM 200k
6. Public Bank Red Carpet Banking - RM 250k
7. Hong Leong Priority banking - RM 200k
8. Citibank Citigold - RM 200k
9. HSBC Premier - RM 200k
10. OCBC Premier Banking - RM 300k
11. UOB Privilege Banking - RM 300k
12. Royal Bank Of Scotland Preferred Banking - RM 300k
13. Standard Chartered Priority Banking - RM 200k
14. KFH Priority Banking - RM 300k

most of them require the funds to be placed in FD to ensure it won't drop below the minimum entry requirements. some provide complimentary Platinum Credit Cards as well.


Added on November 16, 2007, 10:00 amwah, no one here experience in this matter?
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i guess TS missed accidentally ate some words here
can anyone guess what he/she is trying to say?
i find citigold fast and most of the time not much queue, but those bankers all very old ladies.
those younger chicks are usualy at the normal counters.
MilesAndMore
post Apr 9 2010, 10:59 AM

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QUOTE(aeronic @ Apr 9 2010, 10:04 AM)
i guess TS missed accidentally ate some words here
can anyone guess what he/she is trying to say?
i find citigold fast and most of the time not much queue, but those bankers all very old ladies.
those younger chicks are usualy at the normal counters.
If you read some of his later posts, you'll know that his dad advised him not to join Citibank Citigold mainly because they kept changing his dad's RM. Standard has dropped too from an initial entry level of RM300k to a mere RM200k.

By the way, this post you quoted was posted in 2007.

JJBerry
post Apr 9 2010, 02:13 PM

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QUOTE(princess_autumn87 @ Apr 8 2010, 10:17 PM)
no problem. if u need any hsbc staff, i can try to get the contact for ya
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Thanks again.
But feel disappointed as visited their branches but thier bankers seems not aware of this promotion at all. rclxub.gif

MilesAndMore
post Apr 10 2010, 11:26 AM

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QUOTE
Citibank has launched the Citigold Private Client, a wealth management proposition that meets the needs of high net worth individuals with assets under management of between $1 million and $10 million.
Launched jointly in Singapore and Hong Kong, Citigold Private Client provides a client servicing model which takes care of the individual's wealth in totality, including both personal and business wealth, Citibank said.

Singapore and Hong Kong, well-established markets with a concentration of the affluent and conducive regulatory frameworks, have been chosen as launch markets. Beyond this, the Citigold Private Client proposition will be rolled-out across the region in phases. India and Taiwan are scheduled next for implementation in the second half of 2010, followed by Korea, Japan, Malaysia, Indonesia and the Philippines.

Citibank has added that with Citigold Private Client, clients will benefit from having a portfolio-based wealth management strategy personalized for them in accordance with their risk appetites and wealth management goals.

Jonathan Larsen, head of consumer banking and global cards at Citi Asia Pacific, said: "Citigold Private Client is unique as an all-encompassing wealth management proposition that meets the full spectrum of clients' financial needs. The ability to provide clients with products and services that cut across typically discrete banking solutions is Citi's unique strength and speaks of the scale, depth and diversity of its range of businesses."

princess_autumn87
post Apr 10 2010, 01:44 PM

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QUOTE(JJBerry @ Apr 9 2010, 02:13 PM)
Thanks again.
But feel disappointed as visited their branches but thier bankers seems not aware of this promotion at all. rclxub.gif
*
ya it is not aware by every staff. if u really need to get it, i will help u to contact my friend at hsbc
RJdio
post Apr 13 2010, 08:02 AM

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I just joined HSBC premier - which card should I get the Premier Master or the Plat Visa ? I notice the plat visa has an annual fee.
MilesAndMore
post Apr 13 2010, 09:44 AM

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QUOTE(RJdio @ Apr 13 2010, 08:02 AM)
I just joined HSBC premier - which card should I get the Premier Master or the Plat Visa ?  I notice the plat visa has an annual fee.
All HSBC Premier customers know that they will be given a complimentary HSBC Premier Mastercard. They won't ask you to choose between their Premier Mastercard and VISA Platinum.

RJdio
post Apr 13 2010, 10:49 AM

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Thats right but I only want one card. So they asked me to choose.
MilesAndMore
post Apr 13 2010, 11:18 AM

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QUOTE(RJdio @ Apr 13 2010, 10:49 AM)
Thats right but I only want one card. So they asked me to choose.
As far as i am concerned, they won't ask you to choose because HSBC Premier customers are only entitled for the HSBC Premier Mastercard. If someone is going after their VISA Platinum credit card, you have to put in your request. There are several ways for their existing Premier clients to get the VISA Platinum.

1. Provide your proof of income via the normal channel (conventional way)
2. Request for a secured VISA Platinum by time deposit
3. Your account is overweight that you simply demand them to issue you the VISA Platinum without pledging any time deposit to it or to provide your proof of income

This post has been edited by MilesAndMore: Apr 13 2010, 11:19 AM
JJBerry
post Apr 13 2010, 12:55 PM

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Anyone have both Standard Chartered PB & HSBC PB experience?
Which of them better in terms of services/benefits?
Please share & thanks.
RJdio
post Apr 13 2010, 01:03 PM

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QUOTE(MilesAndMore @ Apr 13 2010, 11:18 AM)
As far as i am concerned, they won't ask you to choose because HSBC Premier customers are only entitled for the HSBC Premier Mastercard. If someone is going after their VISA Platinum credit card, you have to put in your request. There are several ways for their existing Premier clients to get the VISA Platinum.

1. Provide your proof of income via the normal channel (conventional way)
2. Request for a secured VISA Platinum by time deposit
3. Your account is overweight that you simply demand them to issue you the VISA Platinum without pledging any time deposit to it or to provide your proof of income
*
Sounds like the Visa is harder to get. Well the account manager pretty much told me to choose which card I want. Maybe it will go throug the normal procedure for the visa plat. From the website, the rewards programs looks the same. Is that right ?


hye
post Apr 13 2010, 02:24 PM

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QUOTE(RJdio @ Apr 13 2010, 01:03 PM)
Sounds like the Visa is harder to get. Well the account manager pretty much told me to choose which card I want. Maybe it will go throug the normal procedure for the visa plat.  From the website, the rewards programs looks the same. Is that right ?
*
Yes ... privileges are the same. I'd go for the VISA Plat ... card design for the Premier is doh.gif despite its hype as a premium card.


Added on April 13, 2010, 2:26 pm
QUOTE(JJBerry @ Apr 13 2010, 12:55 PM)
Anyone have both Standard Chartered PB & HSBC PB experience?
Which of them better in terms of services/benefits?
*
It's a personal choice. If you want good service - HSBC but I found the products and services very dry. SCB is the opposite.
So decide what you want to get from your PB experience.

This post has been edited by hye: Apr 13 2010, 02:26 PM
MilesAndMore
post Apr 13 2010, 03:50 PM

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QUOTE(RJdio @ Apr 13 2010, 01:03 PM)
Sounds like the Visa is harder to get. Well the account manager pretty much told me to choose which card I want. Maybe it will go throug the normal procedure for the visa plat.  From the website, the rewards programs looks the same. Is that right ?
Yes. Exactly the same. The VISA Platinum does indeed have much better design.

princess_autumn87
post Apr 14 2010, 05:10 PM

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QUOTE(JJBerry @ Apr 13 2010, 12:55 PM)
Anyone have both Standard Chartered PB & HSBC PB experience?
Which of them better in terms of services/benefits?
Please share & thanks.
*
personally i prefer scb

their managers are very dedicated and very well in following up our matters.

very efficiency as well.


RJdio
post Apr 14 2010, 09:27 PM

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QUOTE(MilesAndMore @ Apr 13 2010, 03:50 PM)
Yes. Exactly the same. The VISA Platinum does indeed have much better design.
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Ok got the Visa plat. According to the account manager 12x swipes a year and they waive the fee. No obligation on the premier mastercard.
niel
post Apr 14 2010, 09:28 PM

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QUOTE(RJdio @ Apr 14 2010, 09:27 PM)
Ok got the Visa plat. According to the account manager 12x swipes a year and they waive the fee. No obligation on the premier mastercard.
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Is RM50 tax applies for Premier card as well?
MilesAndMore
post Apr 14 2010, 09:49 PM

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QUOTE(niel @ Apr 14 2010, 09:28 PM)
Is RM50 tax applies for Premier card as well?
Yes.

Chung80
post Apr 15 2010, 12:53 AM

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QUOTE(princess_autumn87 @ Apr 14 2010, 05:10 PM)
personally i prefer scb

their managers are very dedicated and very well in following up our matters.

very efficiency as well.
*
Ya, i also prefer SCB.

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rockdaman
post Apr 28 2010, 04:28 PM

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i m wondering other hsbc premier master card limit also 30k?
niel
post Apr 28 2010, 04:29 PM

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QUOTE(rockdaman @ Apr 28 2010, 04:28 PM)
i m wondering other hsbc premier master card limit also 30k?
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I was told by my RM it is start with a min of 30k, but request can be made for additional smile.gif

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