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 Priority Banking, Everything about Priority Banking

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Hansel
post Jan 16 2024, 12:27 PM

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QUOTE(babyscouts @ Nov 10 2023, 08:22 PM)
Wow cannot believe there is kind RM only send FD promotion  blink.gif
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QUOTE(hksgmy @ Nov 10 2023, 08:28 PM)
My Maybank Prestige/Privilege RM was one such banker. She knew we were super conservative and really bided her time. We had so much money locked up in low yield FDs while she was with Maybank Prestige. Then, she got upgraded to Private Banking, took us long with her and showed me what I was missing out - and by this time, I was ready to listen.

I bank privately with Maybank, UOB and DBS (I'm based in Singapore), and I've since made it clear to the RM at UOB and DBS I expect the same respectful approach that my Maybank Private RM showed me - and they've been more than happy to agree.
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QUOTE(dwRK @ Nov 10 2023, 09:37 PM)
depends on your rapport and relationship with RM... its not all about buying banking products giving them commissions... no doubt they will try to introduce new stuff, its part of their job... but if you let them know what your interest are, etc., they can look out for you and not blanket promotions...

RM can really make life easier... a lot of banking stuff we just text her and she does all the paperwork... even comes to the house on saturdays or sundays for our signatures... a lot of the token gifts, like moon cakes, CNY stuff, etc actually comes from their own pocket... so we usually tell her NOT to give us anything, but she dun listen... lol... so usually when she comes around, we take her out for brunch or lunch, we pay... waifu sometimes bakes cake/bread as gift for her... lol... treat them nicely as human beings pls... not leaches trying to get you...
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Good inputs above, bros,...

On my side, I look at RMs in a different way. I am very independant in my trading and in 'earning from the mkts'. I am polite to them if they call me, but I don't really need anything much from them.

If I have to call the RM every now and then or if there is always something that the RM needs to do to interact with me to do so,... then there is a problem with their system.

They can send me updates, invitations or annual meet-ups, but I seldom do,... I'll go only if my wife(s) want to go. But if I don't tell my wife(s) there is such an event, they wouldn't know too and hence, wouldn't want me to go... 'forcing' me to go with them.
Hansel
post Jan 16 2024, 02:37 PM

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QUOTE(dwRK @ Jan 16 2024, 02:21 PM)
sometimes stuff needs wet ink wink.gif

also we are supporting jobs and kick start someone's career biggrin.gif

and as someone jobless... free food is best... hahaha
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Ok bro,... thumbsup.gif

Have a good dinner on Jan 30th....
Hansel
post Jan 30 2024, 06:00 PM

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QUOTE(Tsting @ Jan 29 2024, 05:18 PM)
With my cursory research, in Sgp, DBS (and I think SCB) allow shares to be part of the AUM for privilege, priority status.  The shares are held under custodian, but easily tradable via their respective online platforms.
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QUOTE(BenChiew @ Jan 29 2024, 08:34 PM)
Shares holdings is not AUM in at least Maybank, RHB and HSBC in Malaysia.
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Both of you guys are right in the above.

Many banks besides DBS and SCB do not accept equities as part of AUM for the 250K and the 1,5mil brackets. The banks can still accept mutual funds, unit trusts and of course, cash, but not equities.
Hansel
post Feb 15 2024, 05:22 AM

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QUOTE(hksgmy @ Feb 15 2024, 04:07 AM)
Yes. For UOB Private, they’ll allow you a reduced AUM of $3m for the first 2 years, but subsequently they expect $5m AUM.
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What are the privileges offered for UOB Private ? Anything special compared to DBS Private Client or SCB Priority Private ?
Hansel
post Feb 15 2024, 05:41 AM

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QUOTE(hksgmy @ Feb 15 2024, 05:32 AM)
Nothing more than the usual that I get from DBS or Maybank private - free limo service, the usual wine and dine opportunities once or twice a year, the dedicated RM service and slightly better rates and discounts on product purchases.
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Thank you, bro… the limo service - what car do they use ? How many times a year from and to the airport ?

By the way, how abt free access to ‘more-exclusive’ airport lounges in diff cities ?
Hansel
post Feb 15 2024, 06:12 AM

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QUOTE(hksgmy @ Feb 15 2024, 05:56 AM)
12 times per year per person/account with Maybank. Any car you want. I took an Alphard this last trip to Australia, but I’ve ordered Mercs and Vellfires previously.

DBS has unlimited limo transfers.

I’ve never had to use UOBs yet, so I don’t know the exact details.

Sorry, just read your 2nd question.

I can only answer for Changi - there’s a dedicated DBS Private Client Access lounge right next to the SilverKris lounge. I usually don’t bother with the free Priority Pass lounge access that comes with Maybank’s private banking as wife and I usually fly Suite/First or Business Class anyway.
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Thank you again.

Ok.. yeah, when we fly Business or First, the boarding pass itself comes with accesses.

For Changi, sometimes, for speed, I might just fly Scoot, hence would need to use the card access. Yup, have used the PC Access Lounge previously… but there was a time a few years ago, this lounge was under reno and couldn’t be used.

Just extra info… since you frequent Kingsford Smith Airport, you can use the more exclusive lounge right at the top of the escalator when your DBS PC Card. Don’t need to fly Qantas First Class to access this lounge.

Oh yeah - SCB’s limo is also 12 times per year.
Hansel
post Feb 15 2024, 06:33 AM

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QUOTE(hksgmy @ Feb 15 2024, 06:20 AM)
Tks for the tip bro! We usually fly SQ and I try to avoid Qantas like the plague if possible hahaha. SQ’s lounge at Sydney is OK, nothing special, but will have menu table service as per their First Class standard. I usually hop across to Air NZ’s lounge to enjoy the better view after filling my tummy up at SilverKris haha.

Here’s my latest use of the lounge at Sydney Airport
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Ok bro…the Qantas FC has better sleep facilities and cleaner showers compared to Silverkris Lounge. 😂

I’m not so much on the food… but I’m more keen in sleep and showers for long-distance flights.
Hansel
post Feb 15 2024, 09:36 PM

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QUOTE(icemanfx @ Feb 15 2024, 02:52 PM)
QF F lounge have excellent selection of wine and good choice of food.
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Yeah…lesser people too…

Since we’re on tjis tooic, Virgin Air BC has excellent treatment at Kingsford Snith. Even their Dimestic BC has own baggage clearance bext to the the BC Lounge.
Hansel
post Feb 15 2024, 09:37 PM

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QUOTE(icemanfx @ Feb 15 2024, 02:52 PM)
QF F lounge have excellent selection of wine and good choice of food.
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Yeah…lesser people too…

Since we’re on tjis tooic, Virgin Air BC has excellent treatment at Kingsford Snith. Even their Dimestic BC has own baggage clearance bext to the the BC Lounge.
Hansel
post Feb 15 2024, 09:44 PM

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QUOTE(hksgmy @ Feb 15 2024, 06:57 AM)
Haha. Got it. Qantas inflight service is, at best, meh. And if you’re unlucky, you’ll get a really surly, way past her prime fatty land whale who already has trouble squeezing past the FC aisle, much less do that while serving you food and drinks on a wobbly trolley she can barely control hahaha.

Fly safe bro!
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I love the fat ones…😂👍👍

Just my preference… but not ‘out-pf-shape’ pls…sorry for being so direct….
Hansel
post Mar 7 2024, 03:32 PM

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QUOTE(hksgmy @ Mar 5 2024, 01:47 AM)
One perk that I just found out today… I got offered the use of the Maybank Lounge at the National Stadium where I could enjoy Taylor Swift’s concert in air conditioned comfort this coming Saturday. My RM sent me a text with the invitation.

I told her thanks but no thanks, not a Swiftie haha.

[attachmentid=11492329]
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Good info, bro,... Got DBS Lounge there ?
Hansel
post May 6 2024, 06:24 AM

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Tq for above updates, bro hksgmy,...
Hansel
post Oct 29 2025, 01:56 AM

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QUOTE(Tsting @ Oct 28 2025, 09:06 PM)
Hi.
Just to double confirm, the shares held under SCB SmartStocks nominee account will be considered part of AUM for SCB priority private status?

I walked into 2 different branches about a year ago.
1st branch said not considered.
2nd branch said yes
Perhaps the 1st RM I spoke to didn't want my business as most of my AUM will be shares.

Did you transfer your current shares from your CDS account over to SCB?
Was wondering if it is possible to do so without having to liquidate current holdings, bring the cash over and then purchase again.
On a separate note.
I understand that some of the benefits such as lounge access will be tied to the Priority Banking Visa Infinite credit card.
Does anyone know if the bank can take into consideration my dividend income from bursa listed shares if I'm currently not working, for the credit cad application?

Thank you!
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It is possible to transfer from CDP into any custodian acct in SG. And vice-versa… there are steps to follow to achieve either…

Going bybthe above principle, it shld be doable in Msia too. You just need to get hold of the forms to fill-up and to submit to the right parties.



 

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