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 Priority Banking, Everything about Priority Banking

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Tsting
post Jan 29 2024, 05:18 PM

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Sorry just a quick question.
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.
Is there something similar with the local banks here?
Tsting
post Feb 8 2024, 06:07 PM

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QUOTE(Hansel @ Jan 30 2024, 06:00 PM)
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.
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it seems like SCB Malaysia allow shares to be part of AUM, much like Singapore.
Tsting
post Oct 28 2025, 09:06 PM

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QUOTE(touristking @ Oct 15 2025, 12:46 PM)
I buy shares, local and foreign, from Chartered Bank so don't have to put into FD. Are there any other bank that can do that?

I was given Lounge Key, similar to Priority Pass, to enter lounge
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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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