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 Priority Banking, Everything about Priority Banking

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Veda
post Dec 29 2009, 08:11 PM

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From: Formerly Perak, now KL
Asking on behalf of my HNWI friend:

Which bank and which branch has the best looking female relationship managers? Which bank's RMs go the extra mile for their clients?

Thank you.
Veda
post Aug 2 2010, 05:31 PM

On my way
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Senior Member
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Joined: Oct 2009
From: Formerly Perak, now KL
Hi all,

I understand that priority banking customers are sometimes invited by the banks to events such as investment talks, dinners and even concerts.

What I want to ask is:

1. which bank hold such events often?

2. does anyone know of any bank that holds exclusive parties for its priority customers?
Veda
post Sep 16 2010, 12:16 PM

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Senior Member
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Joined: Oct 2009
From: Formerly Perak, now KL
QUOTE(takuya999 @ Sep 15 2010, 01:26 AM)
Well, OCBC premier Banking offers all this.

The point is you need to be an active customer. Even if you few millions in FD, CA or SA, you might not be invited.

Banks like customers who do investment / insurance with them
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I see. Thanks.


Added on September 16, 2010, 12:20 pm
Forumers, just wanna ask - does the priority service of UOB, OCBC, Standard Chartered, Citibank - allow me to open an account in their Singapore branch without me having to be physically present in Singapore. And do they offer free telegraphic transfer of funds from my Malaysian account to my Singapore account?

This post has been edited by Veda: Sep 16 2010, 12:21 PM
Veda
post Sep 17 2010, 03:40 PM

On my way
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Senior Member
650 posts

Joined: Oct 2009
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QUOTE(MilesAndMore @ Sep 16 2010, 01:02 PM)
Standard Chartered does offer this sort of service. Your relationship manager can arrange it for you. Standard Chartered also offers you a fee free telegraphic transfer to any of your overseas Standard Chartered account. The fee free telegraphic transfer can only be done inside the Priority Banking centres though.

By the way, you need RM250,000 of deposit to maintain a Standard Chartered Priority Banking account.
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Noted, thanks. Does UOB and OCBC offer the same?

Veda
post Sep 18 2010, 03:40 PM

On my way
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Senior Member
650 posts

Joined: Oct 2009
From: Formerly Perak, now KL
QUOTE(MilesAndMore @ Sep 17 2010, 08:36 PM)
In Malaysia, i only know HSBC and Standard Chartered Bank offer such service. Citibank also offers such service in other countries but not Citibank Malaysia.
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I see. Does HSBC and Standard Chartered accept a big housing loan in place of the RM200k-RM250k deposit? For example, CIMB Preferred is available to those with a minium of RM1 million loan with the bank.

I like HSBC for its first class service but Standard Chartered offers innovative products and are generous in giving out loans.

Veda
post Sep 19 2010, 11:37 AM

On my way
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Senior Member
650 posts

Joined: Oct 2009
From: Formerly Perak, now KL
QUOTE(MilesAndMore @ Sep 18 2010, 04:31 PM)
What do you mean ? You mean only with a huge outstanding loan without the RM200k deposit to become their Premier customer ? I think they do. Not exactly sure how much is your outstanding loan must be to enjoy Premier service for free though.

As for Standard Chartered, you can enjoy Priority Banking services for free if you have an outstanding loan with them of RM850k.
I've heard many people saying so. That Standard Chartered offers many innovative products. All i know is that they are pretty generous with deposit interest rate but that's it. Anyone cares to share what are the innovative products everyone has been talking about ? Does it all yield a very good return on your money ?
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Yes, that's what I meant.

Among other things, Standard Chartered was the first to come up with the flexi-loan concept .... which is very useful for investors Their insurance products, particularly CI, are pretty good too.

 

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