I think this service is only worthwhile if they can provide better interest rates for loans or FDs.
Priority Banking, Everything about Priority Banking
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 Apr 23 2016, 11:00 PM
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Senior Member
1,588 posts Joined: Oct 2010 
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May 19 2016, 11:10 PM
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Newbie
4 posts Joined: Jan 2008
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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. I wish to get, but I'm afraid sometimes I may withdraw a big sum in the future  QUOTE(Ramjade @ Feb 23 2016, 02:25 PM) Not all banks enforce that. Check out sifu Gen-X blog post on how to get free priority status. Can anybody with personal experience confirm this? For Maybank or CIMB, do they strictly enforce the minimum AUM at all times or not? |
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May 20 2016, 12:02 AM
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Senior Member
1,498 posts Joined: Nov 2012
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QUOTE(neville_83 @ May 19 2016, 11:10 PM) Can anybody with personal experience confirm this? For Maybank or CIMB, do they strictly enforce the minimum AUM at all times or not? Cimb preferred send me letters saying they want to start charging me because I fell below AUM. Fine, I go close account lorThen a year later another branch manager ask to get preferred status again when I put FD at promo rate. Now the preferred card is no longer standalone. So must get the preferred VI credit card Well, at the moment my AUM is back to minimal if they ignore advanced payments in flexi loan account. Wonder if I'd be getting love letters again But honestly, cimb preferred is quite rubbish la. I don't see much use of it other than no queue |
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May 23 2016, 09:25 PM
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Moderator
9,301 posts Joined: Mar 2008 
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Citibank has revised its AUM requirement for Citigold from RM200k to RM350k since 2nd Feb 2016. Those who started a Citigold relationship with Citibank before 2nd Feb 2016 is not affected by this change.
Likewise Citibank has also changed its AUM requirement for Citi Priority from RM50k to RM100k. |
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May 24 2016, 12:26 PM
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Senior Member
2,656 posts Joined: Jan 2003
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QUOTE(neville_83 @ May 19 2016, 11:10 PM) Can anybody with personal experience confirm this? For Maybank or CIMB, do they strictly enforce the minimum AUM at all times or not? Yes, MBB and CIMB enforced minimum AUM at all times. If you have a MBB Premier Wealth account, then you will be charged a certain amount for maintaining this account should your AUM falls below requirement. |
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Jul 17 2016, 06:18 PM
Show posts by this member only | IPv6 | Post
#706
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All Stars
26,507 posts Joined: Jan 2003
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A scenario below for 300k min AUM for PB:
Person A is already a PB customer with 300k FD. Out of this amount, 200k FD is joint with Person B. Then, A and B add another 100k joint FD, making the total 300k joint FD Is B also eligible to be a PB customer? Thank you This post has been edited by Human Nature: Jul 17 2016, 06:19 PM |
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Jul 17 2016, 06:41 PM
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Senior Member
8,259 posts Joined: Sep 2009 
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QUOTE(Human Nature @ Jul 17 2016, 06:18 PM) A scenario below for 300k min AUM for PB: From experience yes.. Person A is already a PB customer with 300k FD. Out of this amount, 200k FD is joint with Person B. Then, A and B add another 100k joint FD, making the total 300k joint FD Is B also eligible to be a PB customer? Thank you  |
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Jul 17 2016, 09:33 PM
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Senior Member
2,548 posts Joined: May 2005
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QUOTE(neville_83 @ May 19 2016, 11:10 PM) Can anybody with personal experience confirm this? For Maybank or CIMB, do they strictly enforce the minimum AUM at all times or not? I think CIMB having promo their min AUM is 150k.. they don't enforce ALL the time..they check periodically .QUOTE(Human Nature @ Jul 17 2016, 06:18 PM) A scenario below for 300k min AUM for PB: Depends on the bank, some bank will take the joint account amount placement and divide among the joint owners .Person A is already a PB customer with 300k FD. Out of this amount, 200k FD is joint with Person B. Then, A and B add another 100k joint FD, making the total 300k joint FD Is B also eligible to be a PB customer? Thank you |
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Jul 17 2016, 10:26 PM
Show posts by this member only | IPv6 | Post
#709
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All Stars
26,507 posts Joined: Jan 2003
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QUOTE(Kaka23 @ Jul 17 2016, 06:41 PM) From experience yes.. QUOTE(??!! @ Jul 17 2016, 09:33 PM) Depends on the bank, some bank will take the joint account amount placement and divide among the joint owners . Okay thanks, then I will need to check with the intended bank |
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Aug 1 2016, 10:43 PM
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Senior Member
2,337 posts Joined: Oct 2014
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Apparently there's a new segment from UOB called "Wealth Banking"
150k to join, not sure if there is a lounge and coffee http://www1.uob.com.my/wealthbanking/about.html |
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Aug 2 2016, 12:35 PM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld 
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QUOTE(cklimm @ Aug 1 2016, 10:43 PM) Apparently there's a new segment from UOB called "Wealth Banking" Not much perks .150k to join, not sure if there is a lounge and coffee http://www1.uob.com.my/wealthbanking/about.html 50k at 4% but dunno for how long tenure.. |
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Aug 2 2016, 03:53 PM
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Junior Member
324 posts Joined: Mar 2008
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» Click to show Spoiler - click again to hide... « Need up update the 1st post - eligibility for Public Bank Red Carpet Banking is now RM250,000. Same goes to CIMB Preferred, also RM250,000. https://www.pbebank.com/Personal-Banking/Ba...ligibility.aspx https://cimbpreferred.com/index.php?ch=my_en_join QUOTE(Bonescythe @ Aug 2 2016, 12:35 PM) Not much perks . This is not bad I think? CIMB Preferred is 4.1% for 150k @ 3 months.50k at 4% but dunno for how long tenure.. This post has been edited by DeniseLau: Aug 2 2016, 03:55 PM |
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Aug 2 2016, 04:59 PM
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Senior Member
2,008 posts Joined: Dec 2006
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What is the difference between Maybank Private Banking and Maybank Aspire customers ?
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Aug 2 2016, 05:59 PM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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QUOTE(DeniseLau @ Aug 2 2016, 03:53 PM) » Click to show Spoiler - click again to hide... « Need up update the 1st post - eligibility for Public Bank Red Carpet Banking is now RM250,000. Same goes to CIMB Preferred, also RM250,000. https://www.pbebank.com/Personal-Banking/Ba...ligibility.aspx https://cimbpreferred.com/index.php?ch=my_en_join This is not bad I think? CIMB Preferred is 4.1% for 150k @ 3 months. RHB i think is 250k or 300k HLB new to bank 250k.. old customer 300k CIMB new 1st time, 1st year, 150k.. thereafter, 250k |
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Aug 2 2016, 06:00 PM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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QUOTE(flyingteeku @ Aug 2 2016, 04:59 PM) What is the difference between Maybank Private Banking and Maybank Aspire customers ? Maybankprivate = 3m premier = 250k aspire = 50k |
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Aug 2 2016, 09:48 PM
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Junior Member
240 posts Joined: Oct 2015
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QUOTE(Bonescythe @ Aug 2 2016, 06:00 PM) Maybank Private = 4mprivate = 3m premier = 250k aspire = 50k |
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Aug 2 2016, 11:12 PM
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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QUOTE(Yippie123 @ Aug 2 2016, 09:48 PM) Private = 4m So much ?Malaysia money become toilet paper ad ? |
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Aug 3 2016, 08:44 AM
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All Stars
10,314 posts Joined: Dec 2009 From: Malaysia
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QUOTE(DeniseLau @ Aug 2 2016, 03:53 PM) » Click to show Spoiler - click again to hide... « Need up update the 1st post - eligibility for Public Bank Red Carpet Banking is now RM250,000. Same goes to CIMB Preferred, also RM250,000. https://www.pbebank.com/Personal-Banking/Ba...ligibility.aspx https://cimbpreferred.com/index.php?ch=my_en_join This is not bad I think? CIMB Preferred is 4.1% for 150k @ 3 months. sounds good. |
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Aug 3 2016, 03:38 PM
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Junior Member
376 posts Joined: Feb 2015
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QUOTE(DeniseLau @ Aug 2 2016, 03:53 PM) » Click to show Spoiler - click again to hide... « Need up update the 1st post - eligibility for Public Bank Red Carpet Banking is now RM250,000. Same goes to CIMB Preferred, also RM250,000. I'm asking because I just called the puchong branch and got told that by a pretty rude lady.. There goes my first impression.. |
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Aug 3 2016, 03:51 PM
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All Stars
10,314 posts Joined: Dec 2009 From: Malaysia
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QUOTE(Dividend Magic @ Aug 3 2016, 03:38 PM) Correct me if I'm wrong but having RM250K in FD is enough right? Or do I have to have a combination of FD and other investments ie. Mutual funds? AUM.I'm asking because I just called the puchong branch and got told that by a pretty rude lady.. There goes my first impression.. i believe it stands for account under management. so it doesn't matter how you split your account. so long combined total is 250k, you are good to go. loans does not count. loans is more than a mil or something to be under consideration if i am not mistaken. |
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