Priority Banking, Everything about Priority Banking
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 Feb 10 2016, 11:22 PM
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Senior Member
3,838 posts Joined: Sep 2013  
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QUOTE(iamWill @ Feb 10 2016, 10:26 PM) Maybank says they don't provide the sing dollar savvy saver since June 2015. Funny that the website is still active 😓 it hardly makes much difference interest-wise with normal savings ac does it? even if talking about 7 figures.   |
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Feb 23 2016, 12:20 PM
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All Stars
10,314 posts Joined: Dec 2009 From: Malaysia
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have anybody been to the priority center in menara cimb itself?
got free parking and food?  |
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Feb 23 2016, 01:51 PM
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Senior Member
2,289 posts Joined: Jan 2003 From: Stairway to Heaven
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Hi, does anyone know whether they really enforce the minimum cash/fd/etc to be available in account at all times. <-- After getting priority banking.
I wish to get, but I'm afraid sometimes I may withdraw a big sum in the future |
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Feb 23 2016, 02:25 PM
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All Stars
24,329 posts Joined: Feb 2011
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QUOTE(fun_feng @ Feb 23 2016, 01:51 PM) Hi, does anyone know whether they really enforce the minimum cash/fd/etc to be available in account at all times. <-- After getting priority banking. Not all banks enforce that. Check out sifu Gen-X blog post on how to get free priority status.I wish to get, but I'm afraid sometimes I may withdraw a big sum in the future |
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Feb 24 2016, 11:49 AM
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Senior Member
2,656 posts Joined: Jan 2003
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QUOTE(fun_feng @ Feb 23 2016, 01:51 PM) Hi, does anyone know whether they really enforce the minimum cash/fd/etc to be available in account at all times. <-- After getting priority banking. Once you have a Priority Banking, it will take the bank at least a quarter to run a check on your latest financial status.I wish to get, but I'm afraid sometimes I may withdraw a big sum in the future |
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Feb 24 2016, 08:01 PM
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Junior Member
96 posts Joined: Oct 2010
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Clients are required to maintain a minimum of MYR250,000 in Investable Assets (Deposit and Investments)
Does this include money in shares with the bank? |
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Feb 25 2016, 07:55 AM
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Junior Member
17 posts Joined: Dec 2015
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Any idea which priority/wealth banking accounts will generate the highest interest rate? eg. UOB privilege banking and Citigold gold both have their respective high yield accounts that pays higher interest rates (up to 3+%) based on AUM. CIMB and Maybank seems to pay a fixed interest of 2 plus percent. Thanks
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Feb 25 2016, 07:58 AM
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Junior Member
17 posts Joined: Dec 2015
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QUOTE(Ramjade @ Jan 20 2016, 09:23 AM) All Singapore banks are like that an of course no interest. If you already have 2 accounts in SG, that's enough as the more SA you have with them, the more money you will lose. No interest, needs min amount inside (your money is not doing anything) Actually, UOB, SCB and Maybank give a 1.5+% interest for fresh funds so yes thats correct, but you can easily transfer up to SGD50k daily from your own personal account to another account instantly without any fees so doing a fresh fund deposit is pretty easy.Their savings and FD generate virtually nothing. Even their epf version only pays like 2%. They said retirement fund should not be given as high as what our EPF give us as it is a safe investment. If one wants to get more than that, they need to get into riskier stuff. Malaysian EPF is giving too much returns. Not my words but words from Singapore retirement fund officers. A person here already shared how to get 1% p.a from Singapore banks. One will need to transfer back and forth between ocbc and scb every month to "trick" banks into thinking it's new funds. |
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Feb 25 2016, 08:47 AM
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Junior Member
17 posts Joined: Dec 2015
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QUOTE(mark001 @ Feb 24 2016, 08:01 PM) Clients are required to maintain a minimum of MYR250,000 in Investable Assets (Deposit and Investments) If I am not mistaken, listed shares are not considered as part of deposit and investments for priority banking accounts. Your investment in insurance and in their structured products would count. Does this include money in shares with the bank? If you move up to private banking, then any shares or investments held with the bank would be considered as part of assets under management. |
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Mar 2 2016, 04:54 PM
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All Stars
10,314 posts Joined: Dec 2009 From: Malaysia
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QUOTE(Homersimpson79 @ Feb 25 2016, 08:47 AM) If I am not mistaken, listed shares are not considered as part of deposit and investments for priority banking accounts. Your investment in insurance and in their structured products would count. thought shares is counted as well?If you move up to private banking, then any shares or investments held with the bank would be considered as part of assets under management. btw, having a high loan amount also can enter priority banking. kakakaka. dunno to laugh or to cry. |
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Mar 2 2016, 11:39 PM
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Senior Member
3,838 posts Joined: Sep 2013
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QUOTE(kochin @ Mar 2 2016, 04:54 PM) thought shares is counted as well? high loan means bank make good money from u mah of course they give priority banking...so you dont need to queue to make your repayments or prepayments LOL.btw, having a high loan amount also can enter priority banking. kakakaka. dunno to laugh or to cry. |
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Mar 3 2016, 09:14 PM
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Junior Member
313 posts Joined: Sep 2009
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QUOTE(kochin @ Mar 2 2016, 04:54 PM) thought shares is counted as well? shares is hold under your CDS account and is not under bank portfolio therefore not counted as AUM when come to premier banking consideration.btw, having a high loan amount also can enter priority banking. kakakaka. dunno to laugh or to cry. However, when come to private banking, bank are more concern about your overall net worth therefore shares are counted. |
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Mar 8 2016, 09:42 AM
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Junior Member
17 posts Joined: Dec 2015
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QUOTE(terence_say @ Mar 3 2016, 09:14 PM) shares is hold under your CDS account and is not under bank portfolio therefore not counted as AUM when come to premier banking consideration. Correct....but for private banking....it also means transferring your shares and bonds to the bank rather than holding in your own personal name....so hence the term, assets under management.However, when come to private banking, bank are more concern about your overall net worth therefore shares are counted. |
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Apr 1 2016, 10:36 PM
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Senior Member
1,962 posts Joined: Nov 2011
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QUOTE(kochin @ Feb 23 2016, 12:20 PM) have anybody been to the priority center in menara cimb itself? Is that located at Kl Sentral?got free parking and food? |
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Apr 11 2016, 11:55 PM
Show posts by this member only | IPv6 | Post
#695
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All Stars
26,504 posts Joined: Jan 2003
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How long it takes for OCBC to process and present the Premier Banking membership card?
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Apr 12 2016, 03:26 PM
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Senior Member
2,064 posts Joined: Feb 2011
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QUOTE(Human Nature @ Apr 11 2016, 11:55 PM) How long it takes for OCBC to process and present the Premier Banking membership card? Lebih kurang 2-3 months  |
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Apr 12 2016, 07:25 PM
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Senior Member
8,259 posts Joined: Sep 2009 
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QUOTE(OPT @ Apr 12 2016, 03:26 PM) Lebih kurang 2-3 months lamanya... what is the use of this card? |
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Apr 12 2016, 09:02 PM
Show posts by this member only | IPv6 | Post
#698
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Senior Member
2,064 posts Joined: Feb 2011
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QUOTE(Kaka23 @ Apr 12 2016, 07:25 PM) lamanya... what is the use of this card? Priority Banking lo  Anyway, you can keep it, no need to use also. Normally if you go back to same branch, your RM will attend to you. Maybe if you go to another branch...but i think still no need because they can check your records |
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Apr 12 2016, 09:14 PM
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Senior Member
8,259 posts Joined: Sep 2009
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Most important is to look for priority banking that provide free parking in front of the bank..
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Apr 23 2016, 04:51 PM
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Junior Member
159 posts Joined: Nov 2004 From: Kuala Lumpur
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anyone join citi priority?
cos cheras only 1 branch, klcc very jam |
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