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 Priority Banking, Everything about Priority Banking

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drbone
post Jul 14 2017, 04:57 PM

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This post has been edited by drbone: Jul 14 2017, 04:58 PM
drbone
post Jul 14 2017, 05:37 PM

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Anyone part of AM Private Banking? How to go about purchasing bond in SGD? I was told that the RM service for AM Private Banking is pretty good in terms of getting the most worthwhile bonds to invest in.
drbone
post Jul 22 2017, 07:27 AM

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QUOTE(gchowyh @ Jul 21 2017, 12:20 PM)
AM Private Banking or Priority Banking? If private, I think AUM has to be minimum RM 1 mil so service definitely good
Penang always get more goodies!  mad.gif  bangwall.gif  vmad.gif
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Yes correct AM private banking. Minimum AUM is 1M
drbone
post Jul 24 2017, 03:14 PM

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Anyone else wanna share the referral programme bonus? PM me.
😃
drbone
post Jul 24 2017, 06:11 PM

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QUOTE(tonytyk @ Jul 24 2017, 05:39 PM)
Which bank, referer or referee?
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RHB
drbone
post Aug 7 2017, 11:35 PM

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Is it easier to open a sg account if one is a premier banking customer in mbb?
drbone
post Aug 8 2017, 12:11 AM

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Okay I happen to be in desaru currently and am planning to go to jb town tomorrow , and am very keen to open a SG account with my wife. Which would the most convenient to open ?
drbone
post Aug 8 2017, 09:51 AM

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QUOTE(Ramjade @ Aug 8 2017, 12:34 AM)
Convinenent without leaving malaysia, maybank lo.
If you want the challenge, cross the border and try your luck.

Ask for trading account (DBS/OCBC/UOB). If you said bank account, guaranteed they won't let you open. Tell them you want trading account. Then they will ask got bank account? Say no. But want to link bank account to trading account. Don't think standard chartered will entertain you.

DBS at MBFC
OCBC and UOB at Raffles place.

If all else fail, tell them you want priority banking. Guaranteed boleh. biggrin.gif devil.gif

From lowest to highest
UOB - SGD100k
OCBC & Standard Chartered - SGD200k
DBS - SGD350k

If you want to hold multicurrency account, OCBC does not have fall below fees while both UOB and DBS have fall below fees of SGD5/month. (this is not a priority banking feature).

Good thing about multicurrency account:
- Able to deposit cash
- Able to withdraw cash
- Able to pay in other country currency when overseas (DBS - major currencies and standard chartered - USD only) without conversion but need to use debit card.

Bad thing about multicurrency account
- Deposit and withdrawal in cash incur min 1% fees (standard chartered can waived the fees - which means you get to deposit and withdraw USD for free - required RM to waived the withdrawal fees, no fees for depositing USD for Standard Chartered)

PS, if you choose to cross the border, bring your proof of income (income tax filling). Very important.
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Thanks bro ramjade. So if I open the isavvy mbb account , I would also enjoy the privileges as when I open a trading account or a savings account in Singapore ?
Also I didn't bring my income tax documents however I might just try my luck by letting them view my e filing details

This post has been edited by drbone: Aug 8 2017, 09:52 AM
drbone
post Aug 8 2017, 10:03 AM

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QUOTE(ikanbilis @ Aug 8 2017, 06:46 AM)
Try POSB. They have quite good services. Internet banking also very convenient. Yesterday I transferred some money Fr my POSB to my Malaysian bank account with no fees and fund reach within the same day. rclxms.gif
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Any charges if balance is lower than the minimum amount allowed ?
drbone
post Aug 8 2017, 10:24 AM

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QUOTE(Ramjade @ Aug 8 2017, 12:34 AM)
Convinenent without leaving malaysia, maybank lo.
If you want the challenge, cross the border and try your luck.

Ask for trading account (DBS/OCBC/UOB). If you said bank account, guaranteed they won't let you open. Tell them you want trading account. Then they will ask got bank account? Say no. But want to link bank account to trading account. Don't think standard chartered will entertain you.

DBS at MBFC
OCBC and UOB at Raffles place.

If all else fail, tell them you want priority banking. Guaranteed boleh. biggrin.gif devil.gif

From lowest to highest
UOB - SGD100k
OCBC & Standard Chartered - SGD200k
DBS - SGD350k

If you want to hold multicurrency account, OCBC does not have fall below fees while both UOB and DBS have fall below fees of SGD5/month. (this is not a priority banking feature).

Good thing about multicurrency account:
- Able to deposit cash
- Able to withdraw cash
- Able to pay in other country currency when overseas (DBS - major currencies and standard chartered - USD only) without conversion but need to use debit card.

Bad thing about multicurrency account
- Deposit and withdrawal in cash incur min 1% fees (standard chartered can waived the fees - which means you get to deposit and withdraw USD for free - required RM to waived the withdrawal fees, no fees for depositing USD for Standard Chartered)

PS, if you choose to cross the border, bring your proof of income (income tax filling). Very important.
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What's the most convenient way to transfer those amounts if I wanna become their priority banking customer?
drbone
post Aug 9 2017, 07:47 AM

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QUOTE(Ramjade @ Aug 8 2017, 10:30 AM)
You can write a them cheque/bank draft or do a transfer later on. Obviously you can't use cash as SG allow one to carry max $20k cash without declaring.
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Went to DBS and UOB at MBFC , I need to bring more documents for them , so will probably be doing that next week when I visit SG again.

drbone
post Sep 5 2017, 05:14 PM

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QUOTE(csbong87 @ Sep 5 2017, 04:54 PM)
Dear All,

Scenario,

ones deposited 250k to CIMB (FD + FUND Investment), immediately become status CIMB Preffered customer, but what if the customer is cash rich but monthly income only around 5k. CIMB still will issues CIMB Preffered Infinite Credit Card to him ?  dry.gif

Thanks,

CS
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As long as minimum amount is deposited into the account, one is eligible, regardless of monthly income.
drbone
post Sep 5 2017, 11:23 PM

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QUOTE(bbgoat @ Sep 5 2017, 10:49 PM)
CIMB would still ask for proof of income even if u are their Preferred customer, for VI application.  biggrin.gif

Income requirement stated as RM120k pa.
http://www.cimbbank.com.my/en/personal/pro...y--Requirements
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Yes for credit card purpose , I agree. I was trying to mention about the minimum amount needed to b tagged as preferred customer.

This post has been edited by drbone: Sep 5 2017, 11:24 PM
drbone
post Sep 15 2017, 11:47 PM

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Guys , anyone here opened a savings account in Australia ? Or a DCA? What are the benefits ?
drbone
post Sep 24 2017, 09:47 PM

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QUOTE(bbgoat @ Sep 24 2017, 08:08 PM)
Joined Citigold long time ago when the requirement is 200k.  devil.gif
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Any perks currently to join citigold?
drbone
post Dec 7 2017, 06:53 PM

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Planning to use personal cheque under my own name to put my dough into Maybank for the 4.3% FD promo tomorrow.
Is there any difference if I get a banker's cheque? Other than the charges of course.
drbone
post Dec 7 2017, 07:42 PM

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Right thread bbgoat bro smile.gif
Because it's a large amount and I want to get feedback from the big sharks here such as you.
drbone
post Dec 7 2017, 07:47 PM

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Anyway , what I wanted to know was can I sign my own cheque from Bank A (with my name written as recipient) and pass that cheque to Bank B for FD deposit? I have always done IBFT or transferred via banker's cheque, that's why.

This post has been edited by drbone: Dec 7 2017, 07:48 PM
drbone
post Dec 7 2017, 08:51 PM

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QUOTE(bbgoat @ Dec 7 2017, 07:49 PM)
Definitely, I have been doing that for FD purpose. U can issue personal cheque to your own name.

U have not done that before ?  hmm.gif
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Always bakers cheque on my own name.
Never signed my own cheque under my own name.
drbone
post Dec 17 2017, 06:05 PM

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QUOTE(andykok @ Dec 17 2017, 01:31 PM)
my brother apply rhb premier banking and waiting for his Visa Infinite Premier CC, normally how long does it take him to receive the credit card ?

any ideas?
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Within a month.

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