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 Priority Banking, Everything about Priority Banking

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a.lifehacks
post Apr 9 2018, 10:24 PM

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QUOTE(edcyf @ Apr 5 2018, 10:00 PM)
Bank.          Lower tier banking.    Upper tier banking
CIMB.        CIMB Prime.                  CIMB Preferred
Maybank    Maybank Privilege.      Premier Wealth
HSBC.        HSBC Advance.            HSBC Premier
Citibank.    Citipriority.                    Citigold
UOB.            Wealth banking            Privilege banking
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One more
-Standard Chartered -> Premium Banking -> Priority Banking
a.lifehacks
post Feb 3 2020, 07:36 PM

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QUOTE(powerlinkers @ Feb 3 2020, 06:46 AM)
guys,good morning, may I know how many million is the minimum housing loan threshold required to qualify for citigold?

Do they facilitate you in opening accounts in NYC if we have Malaysian citigold account?
How much are the fees for global transfers with citigold?
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As per communication with Citibank via LivecChat, wef 1 January 2017, new Citigold members are required to have a minimum Asset Under Management (AUM) of RM400,000 invested in deposits, investments and/or insurance with Citibank. Hence, Mortgage Loan is no longer being taken into account as part of TRB/ AUM to be qualified as a Citigold customer.

With regards to the global transfer, it's free of charge if your transfer is an OUTGOING TRANSFER to a Citibank account held in overseas (between Citibank Malaysia to Citibank overseas).

-> Kindly refer to clause (5) under "Charges for ad-hoc services" ( https://www.citibank.com.my/english/common/...hManagementFCHM )

Do note that there is a daily transfer limit imposed for the COMPLIMENTARY transfer:-
-Citibanking customer: USD$12,500
-Citigold Customer: USD$25,000



This post has been edited by a.lifehacks: Feb 3 2020, 07:39 PM
a.lifehacks
post Feb 6 2020, 04:14 PM

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Opening of Public Bank Red Carpet Banking Centres

Please see attached for details.


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a.lifehacks
post Feb 17 2020, 02:21 PM

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QUOTE(ProxMatoR @ Feb 17 2020, 12:56 PM)
as long as it hit 30k and above (iirc), they will need to report to BNM. you are transferring to your own account, you can just say for FD purpose.
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Please take note that the cash threshold transaction limit has been reduced to RM25,000 wef 1/1/2019.


As quoted from http://amlcft.bnm.gov.my/AMLCFT05b.html

“On the 30th October 2018 at the 10th International Conference On Financial Crime and Terrorism Financing, Governor's during her keynote address, had announced that the 'Cash Threshold Reporting' ('CTR') requirement will be reduced from RM50,000 and above in a day to RM25,000 and above in a day effective 1st January 2019.”



Also, BNM plans to introduce cash trx to be capped at RM25k, should the trx amount goes beyond this amount, it has to be done so via electronically/ cheque thru a financial institution.


https://www.lexology.com/library/detail.asp...f7-863d33a72ce3


a.lifehacks
post Jul 13 2020, 06:06 PM

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Is there any Maybank Premier Wealth PB customer here?

Can any sifu advice if the RM800 annual fee for the Private Banking Current Account is waive-able? Assisting a friend to ask.
a.lifehacks
post Jan 5 2021, 07:45 PM

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QUOTE(Cookie101 @ Jan 5 2021, 07:04 PM)
Due to MCO. Not much offering coffees.

Maybe free parking?

SCB / UOB / HSBC
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Missed out

Citi / OCBC

The two above offer free parking too! But only for their premier banking tier and above & Citigold only.

UOB offers free parking for 2nd tier, Wealth Banking status customers (min 150k assets under management)

 

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