No harm waiting pass 3 months right ? Then you have to pay RM10 less.

Pardon my ignorance but what is EFT ?

One of the best selling point of HSBC Premier is the complimentary account opening in overseas HSBC.

No special T&C. The rate you saw is applicable only to the first RM1 Million. You have to check with Affin Bank for the rate above Rm1 Million.

Preferred Banking
- RM72,000 of deposit to qualify
or
- RM400,000 in outstanding housing loan with SCB
or
- earn at least RM72,000/pa, take up the Preferred World MasterCard and open a Preferred M2 Account

Priority Banking
- RM250,000 of deposit to qualify
> dedicated relationship manager
> complimentary use of Priority Banking lounge

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 !

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 ?

Anyone tried to open an account with HSBC USA before ? What did you tell them about your purpose to open the account ?

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 ?

This post has been edited by MilesAndMore: Dec 30 2010, 12:09 AM

Ah ... just like the xx% return for Russian Rubles Time Deposit which they offered only to the select wealthy few via several Private Banks back in 2008


Thanks


A few people i know have also successfully opened HSBC Premier account in UK, Singapore and Hong Kong using only their local HSBC Premier account as reference. I wondered if anyone has done the same with HSBC USA ... Hopefully someone with such experience can shed a light.

No. Standard Chartered Priority Banking customers do not have to pay the RM1 fee to withdraw money from HOUSe ATM network. A friend is using his card to withdraw money from HSBC KLCC off-site ATM all the time and Standard Chartered is not charging him anything.




Sure. Keep us updated. Thanks

You can refer to the first post. It was last updated in March this year and the information there does correctly reflect the current minimum deposit required to be a certain bank's affluent banking customer.

No. Not in Malaysia. But HSBC Singapore does issue a HSBC USD Premier MasterCard. And if my memory serves me correctly, HSBC Premier customers in Hong Kong can request for USD or EUR Premier MasterCard.


Definitely possible but it is subject to HSBC USA management's approval.


The account opening fee for UBS AG in Switzerland for Malaysian is USD500,000. To maintain the account you also need to keep USD500,000 in the account at all times.


No. Malaysia one can't.

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.

Which HSBC Premier credit card that needs you to pledge a TD to get it ? The normal Premier World MasterCard or the newly launched Premier Travel World MasterCard ?

As far as I know you do not need to pledge any TD to get the Premier World MasterCard. You don't even need to show any proof of income to get this card.

That is some serious inconsistency on HSBC part. All those I personally know who holds the HSBC Premier World MasterCard received the card automatically without the need to pledge any TD or show any proof of income.


You can see many such uncles at HSBC Kota Kinabalu Premier Centre but of course these uncles are no ordinary Tom Dick or Harry.

This post has been edited by MilesAndMore: Mar 9 2017, 09:00 PM

Malaysia has such a small Private Banking market. Most banks invite both Priority Banking and Private Banking customers to the same event most of the time. Some major foreign banks do not even offer Private Banking service in Malaysia so the best they can offer you is their Priority Banking service but rest assured they know who you are.

Maybank AMEX RESERVE still has a much better earning rate though.


There is no doubt there are many low-key UHNW individuals in Malaysia but as some Singaporeans like to joke, how these low-key Malaysian UHNW individuals obtain their wealth is highly questionable. And though we may also have many UHNW individuals, Singapore or Hong Kong probably still have far more UHNW individuals compared to Malaysia.

Yes. For Private Banking the nearest centre to us is either Singapore or Hong Kong. Hong Kong is a whole different market together where many Priority Banking customers have not even actually met their relationship manager and at the bigger branch, Priority Banking customers also have to get a queue number at the Priority Banking Centre as there are just too many Priority Banking customers in Hong Kong.

By the way, many major foreign banks do not offer Private Banking in Malaysia is partly due to a very strict BNM policy on the kind of investment a Private Bank can offer to its customers.

This post has been edited by MilesAndMore: Mar 11 2017, 09:02 AM

At HSBC Hong Kong, USD1 million will only qualify you for Jade by HSBC Premier which still falls under HSBC Premier service. Likewise, at Citibank USD1 million will also only qualify you for Citigold Private Client which also falls under Citibank Citigold service.