Priority Banking, Everything about Priority Banking
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 Mar 15 2009, 11:22 PM
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#1
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Junior Member
127 posts Joined: Aug 2008 
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OCBC Premier Banking really sucks. The privelleges are poor and thier plat credit card does not get you good rewards.
I dont know what is premier about their service other than no need to queue at bank. |
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Dec 23 2009, 12:47 PM
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#2
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Junior Member
127 posts Joined: Aug 2008
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I just dumped my OCBC Priority Banking.. no benefit at all and since my account several K less they want to charge me RM80 per month service charge. Ask them to go fly kite. Overall the service was just OK. The only I kept is the Plat Card. Nowadays CIMB Preferred is a lot more agressive and coming up with more benefits/privelleges including preferential exchange rates at KLIA.
How is Maybank premier banking ? This post has been edited by RJdio: Dec 23 2009, 12:58 PM |
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Dec 30 2009, 09:45 AM
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#3
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Junior Member
127 posts Joined: Aug 2008
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looking good don't mean much if they are not financially sound. Thats been my biggest problem, so many relationship managers very few were really financially savy, most just want to sell products. The real good ones always get transferred or move on to a new job. And some are plain lazy, you have to keep calling them to get things done.
This post has been edited by RJdio: Dec 30 2009, 09:46 AM |
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Dec 30 2009, 01:22 PM
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#4
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Junior Member
127 posts Joined: Aug 2008
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I'm part of CIMB preferred too. For me,she is not very smart but quite hardworking which turn out to be a good thing. Ask her any question and she tries hard to find the answer. On the other hand, my experience with those foreign bank are like above. In the end, its not about the service but the product. Good product = you can make money and are aware of the risks and all the t&c's. |
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Jan 12 2010, 04:32 PM
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#5
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Junior Member
127 posts Joined: Aug 2008
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Can I ask do HSBC premier customers have preferential forex exchange rates ? Secondly, which credit card do they offer (with a fee waiver) to thier customers. This post has been edited by RJdio: Jan 12 2010, 04:37 PM |
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Apr 13 2010, 08:02 AM
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#6
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Junior Member
127 posts Joined: Aug 2008
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I just joined HSBC premier - which card should I get the Premier Master or the Plat Visa ? I notice the plat visa has an annual fee. |
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Apr 13 2010, 10:49 AM
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#7
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Junior Member
127 posts Joined: Aug 2008
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Thats right but I only want one card. So they asked me to choose.
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Apr 13 2010, 01:03 PM
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#8
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Junior Member
127 posts Joined: Aug 2008
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QUOTE(MilesAndMore @ Apr 13 2010, 11:18 AM) As far as i am concerned, they won't ask you to choose because HSBC Premier customers are only entitled for the HSBC Premier Mastercard. If someone is going after their VISA Platinum credit card, you have to put in your request. There are several ways for their existing Premier clients to get the VISA Platinum. Sounds like the Visa is harder to get. Well the account manager pretty much told me to choose which card I want. Maybe it will go throug the normal procedure for the visa plat. From the website, the rewards programs looks the same. Is that right ?1. Provide your proof of income via the normal channel (conventional way) 2. Request for a secured VISA Platinum by time deposit 3. Your account is overweight that you simply demand them to issue you the VISA Platinum without pledging any time deposit to it or to provide your proof of income  |
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Apr 14 2010, 09:27 PM
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#9
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Junior Member
127 posts Joined: Aug 2008
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QUOTE(MilesAndMore @ Apr 13 2010, 03:50 PM) Yes. Exactly the same. The VISA Platinum does indeed have much better design. Ok got the Visa plat. According to the account manager 12x swipes a year and they waive the fee. No obligation on the premier mastercard. |
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Nov 30 2024, 08:16 AM
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#10
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Junior Member
127 posts Joined: Aug 2008
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QUOTE(chrisderick88 @ Oct 8 2024, 10:50 PM) I think most people reading this can definitely afford the whatever amount required for priority banking. Can anyone enlighten me on the reason to have a priority banking account? HSBC has a multi-currency account. Put some xxx USD there - earn the 4.x% interest and its enought to keep the premier banking going. Why would you need it ? If all your banking in Malaysia and you dont travel overseas much or plan to finance your children overseas than I agree limited reasons. Thier relatonship managers focus on uncle aunty UT or forex products. Few are truly savvy. But for the overseas accounts its worth having it - protects your foreign currency in Malaysian account and easy to move funds.Now I have paid off my house & car. I park most my cash in IBKR (stocks, bonds, futures). I keep my "liquid" cash in FD and MM instruments, and I make a conscious effort to ensure I'm not keeping too much cash (except when the market is insane). I haven't came across any perk that worth my effort to "ensure" myself having 300k in the bank at all time. Maybe like they say, if you don't see the point, you're not there yet. haha. |
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