However, based on the informations obtained from their website. It seems that one will still need to provide a proof of income even after successfully opened the Preferred Account. Anyone having this account please confirm please

Hi, Just to check, which bank can deposit and withdraw FD online?

- M2U
- CIMBClicks

Also HSBC and RHB. HSBC cannot withdraw online before maturity, but RHB can, something they introduced recently.

The worst (I know it's not your question, but I have to mention) is Public Bank. You deposit a FD, and then they ask you to pick up the paper certificate from your bank branch! They haven't caught up with the online Internet age yet, apparently.

same with bank Islam actually.

i was given a certificate but I can track the progress of my FD online with details of the profit earned and what not.

This post has been edited by nokia2003: Aug 25 2010, 09:58 AM

All Priority Banking customers are granted free for life platinum cards right? or in some cases infinite or world cards. Are these cards pre approved or subject to normal credit processing?

They will still check your CCRIS. It is a normal procedure.

Well, OCBC premier Banking offers all this.

The point is you need to be an active customer. Even if you few millions in FD, CA or SA, you might not be invited.

Banks like customers who do investment / insurance with them

I'm interested to be a SCB's preferred banking customer, can anyone introduce any banking officer that I can talk to?

Go into any Standard Chartered branch and they will refer you to the right person.

I see. Thanks.

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Added on September 16, 2010, 12:20 pm
Forumers, just wanna ask - does the priority service of UOB, OCBC, Standard Chartered, Citibank - allow me to open an account in their Singapore branch without me having to be physically present in Singapore. And do they offer free telegraphic transfer of funds from my Malaysian account to my Singapore account?

This post has been edited by Veda: Sep 16 2010, 12:21 PM

Standard Chartered does offer this sort of service. Your relationship manager can arrange it for you. Standard Chartered also offers you a fee free telegraphic transfer to any of your overseas Standard Chartered account. The fee free telegraphic transfer can only be done inside the Priority Banking centres though.

By the way, you need RM250,000 of deposit to maintain a Standard Chartered Priority Banking account.

Noted, thanks. Does UOB and OCBC offer the same?

In Malaysia, i only know HSBC and Standard Chartered Bank offer such service. Citibank also offers such service in other countries but not Citibank Malaysia.

I see. Does HSBC and Standard Chartered accept a big housing loan in place of the RM200k-RM250k deposit? For example, CIMB Preferred is available to those with a minium of RM1 million loan with the bank.

I like HSBC for its first class service but Standard Chartered offers innovative products and are generous in giving out loans.

What do you mean ? You mean only with a huge outstanding loan without the RM200k deposit to become their Premier customer ? I think they do. Not exactly sure how much is your outstanding loan must be to enjoy Premier service for free though.

As for Standard Chartered, you can enjoy Priority Banking services for free if you have an outstanding loan with them of RM850k.


I've heard many people saying so. That Standard Chartered offers many innovative products. All i know is that they are pretty generous with deposit interest rate but that's it. Anyone cares to share what are the innovative products everyone has been talking about ? Does it all yield a very good return on your money ?

This post has been edited by MilesAndMore: Sep 18 2010, 08:41 PM

Yes, that's what I meant.

Among other things, Standard Chartered was the first to come up with the flexi-loan concept .... which is very useful for investors Their insurance products, particularly CI, are pretty good too.

which bank is giving the lowest for priority banking?
If they require eg 100k, this money shall be deposit in a saving/fd account?
Can I put in some other where else, like home loan account?

Lowest that I know so far would be CIMB, minimum Rm 150K. The amount will only be recognized if you have it savings/current account, FD and Investment with the Bank. For home loan account the minimum requirement is RM1 million loan.

This post has been edited by gark: Sep 24 2010, 05:00 PM

if let say, you invest 150k on their unit trust will able to get priority?