You could always upgrade to private banking for better benefits.

Actually one additional zero only on invest-able funds .

Not if have $ in account.

According to a wealth report, less than 0.5% of adults in this country has over us$1m net worth. To be a private bank customers, one need to have minimum us$1m liquid assets with the bank. Those who has this liquidity tend to diversify their risks. Many foreign banks could offer their private bank service offshore.

After 1mdb dabacle, some foreign bank will reject account opening if the account holder is or has immediate family holding high position in the government.

showtime747 like to correct above or add more on private bank?

This post has been edited by icemanfx: Mar 11 2017, 03:47 PM

Rm assigned, attention given and investment options available is different. These rm have a team of assistant working for them and access to wider research report.

This post has been edited by icemanfx: Mar 11 2017, 05:12 PM

Heard citigold year end voucher could buy iPhone.

KUALA LUMPUR: The government and Bank Negara Malaysia (BNM) will continue to organise educational programmes, with the assistance of government and private agencies, on financial literacy and sound financial management, as only 6% of Malaysians have sufficient savings to last six months, said Deputy Finance Minister Datuk Othman Aziz.

http://www.theedgemarkets.com/my/article/o...last-six-months

Believe the 6% mean priority banking customers.

Everyone who handle the post card would know you are a priority customer and perhaps below revised aum.

Except novice, rm have seen enough people with $, won't be impressed with people only qualified for priority banking unless one could spend 5 or 6 digits sum on gifts first time and every time. Beside, their basic salary is reasonable and need not to go extra mile.


This post has been edited by icemanfx: May 21 2017, 01:01 AM

After pb chairman passed away, it will be merged with other bank.

Proper private banking aum is usd 3m. most if not all uhnwi don't care much about freebie and avoid mingle with wannabe.

according to a wealth report; only about 0.2% of adult in the kangkong land has over us$1m net worth.


This post has been edited by icemanfx: Aug 9 2017, 03:12 PM

According to a wealth report, only about 4% of adults in the kangkong land have over us$100k net worth.

Ang pow packet is different. RM is more experienced, smarter and attentive, will meet for coffee/lunch outside. Invited dinner is served not buffet. Instead of selling u.t and products; advisory, research and investment options from investment bank.

To those have over us$1m investable assets, most privilege accorded is affordable, within reach and nothing special.

This post has been edited by icemanfx: Apr 23 2018, 06:01 AM

You mean they don't have free flow of Krug at klia2 ppl?!

Banks created priority/privilege segment to increase their profit margin.

This post has been edited by icemanfx: Apr 27 2018, 04:24 PM

Can share what amprivate bank RM suggested to you?

This post has been edited by icemanfx: Jul 30 2018, 07:43 PM

lehman brothers was a good name before 2008.

If one's aum qualified for priority banking, need of flexi loan/ca is unnecessary.

Pb is a segregation for bank to milk high net worth customers, unlikely to permit free rider.


This post has been edited by icemanfx: Oct 1 2018, 11:17 AM

Your private bank RM can furnish you a list of bonds currently available.

There are minimum subscription amount, your RM will advise according to amount available in your account.