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.

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Added on November 16, 2007, 10:00 amwah, no one here experience in this matter?

would appreciate if anybody know in terms of amount of loan to be eligible to become their priority/privilige/premier banking client for each and every individual banks?
eg. total combined housing, car ,etc loans exceeding rm1million, etc.
thanks!

Anyone know what is the difference between stand chart preferred & priority banking??

Yet another 3 major foreign banks confirmed to join the MEPS ATM Network. House ATM Network would officially become obsolete next year. This will give everyone more choices to make their credit card payments.

Basically, this means all the 5 major foreign banks (HSBC, OCBC, Standard Chartered, UOB & Citibank) will be on the MEPS ATM Network next year. Hopefully Standard Chartered Priority Banking customers won't have to pay a fee when withdrawing money from the MEPS ATM Network. This will definitely make Standard Chartered Priority Banking very attractive !

Yup, good news to us. Plus Standard Chartered's Priority Banking has lower the income requirement to RM16k per month only. If interested, do not hesitate to contact me.

Yup, good news to us. Plus Standard Chartered's Priority Banking has lower the income requirement to RM16k per month only. If interested, do not hesitate to contact me.

The latest I hear Maybank has revised its Private Banking minimum deposit criteria to at least RM 500,000. Can anyone confirm this?

The latest I hear Maybank has revised its Private Banking minimum deposit criteria to at least RM 500,000. Can anyone confirm this?

Care to share with us what are the privileges offered by Maybank Private Banking besides the complimentary use of Private Banking Centres at select branches and an annual fee free pre-approved Platinum credit card ?

And by the way, do you know anyone who has successfully opened a HSBC Premier account with HSBC USA using their local HSBC Premier account as reference ?

If your deposit is above the threshold fixed by Maybank, you have access to the Private Wealth Management team and they can tailormade investment product to your needs. A little bit like the service offered by UBS in Singapore. Every now and then too, there are structured investments product exclusive to Private Banking clients.

Other perks include preferential rates and consideration for any financing facility (just like any other bank's priority banking). Half price for safe deposit and lots more. They don't bag the best Private Banking awards for no reason surely

USA no UK yes.

Oh, is it ? I did not know we can join Standard Chartered Priority Banking with our salary slip. Does that mean we do not have to maintain RM250k all the time avoid paying the RM100 below balance penalty ?

By the way, i understand that Standard Chartered Priority Banking customers can withdraw money for free at the House ATM network (HSBC, UOB & OCBC). Any idea if Standard Chartered will allow its Priority Banking customers to use the MEPS ATM for free too ?

As far as I am informed, SC Priority Banking customers still have to pay RM1 fee to withdraw from House Networks, only free within SC.

For Meps I'm not sure about the charges yet, but I will let you know when I got news k?

is it worth to join priority banking?

Under Employee Banking Program yes can join through salary slip, RM16k per month. For a 1 year trial period then they have to maintain 250k or take residential loan up to RM800k.

Another 2 options is deposit RM250k and maintain or residential loan amounting to RM800k

As far as I am informed, SC Priority Banking customers still have to pay RM1 fee to withdraw from House Networks, only free within SC. For Meps I'm not sure about the charges yet, but I will let you know when I got news k?

Thank you for your message dated 14 June 2011.

. To enjoy the exclusive Priority Banking membership and all the benefits and privileges that comes with it, simply



1)      maintain a minimum of RM250,000 in deposits and/or investments, or

2)      take up RM800k in housing loans with us. or

Eg. if a customer has 2 housing loans (of RM400,000 each), he can qualify for PrB status.

3)      participate in SCB Payroll scheme with a monthly salary of RM35k credited to SCB payroll to be eligible for 1-year complimentary Priority Banking membership.  Upon the completion of the trial period, customer will have to fulfil either 1 of the above 2 conditions to maintain their PrB status.



Should you interested in becoming our priority banking member, kindly inform us the preferred branch for us to make necessary arrangement.



We hope your query has been clarified.