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 Priority Banking, Everything about Priority Banking

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rainpocky
post May 16 2009, 11:16 AM

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I find HSBC Premier is quite good to me, but CitiGold just completely turns me off. My RM is just horrible and afterwards my experience opening up an Offshore account from SG was just downright horrible as well. I know for future experience I'll never bank there again. However I'm please to open with Maybank Private Banking and Maybank Offshore in Labuan. Its a much better experience so far. HSBC is an ok experience but their fees are just not worthwhile.
rainpocky
post May 16 2009, 01:33 PM

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QUOTE(howszat @ May 16 2009, 01:23 PM)
Ah, right. If you don't meet the criteria but still want to be a Premier customer, then you have to pay for the privilege. So that's what the previous poster meant by fees not worth it, and I agree too.  smile.gif
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Its not worth it to have to pay the fees to be a premier customer, but if you cant afford to be one than dont be. But this is just my opinion. I'm more preferable to maybank private banking anyways. good service and opinion. so i'm happy
rainpocky
post May 17 2009, 12:04 AM

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QUOTE(MilesAndMore @ May 16 2009, 03:48 PM)
He/She was asking about company cheque right ? I have seen cheques that do not bear the company's name ... or it might be not a company cheque after all ... lol ... i'm not sure  biggrin.gif
The HSBC Premier and Citibank Citigold main selling point is their global presence. HSBC is charging you fee ? What fee ? HSBC won't charge you a single cent to transfer fund between your Malaysian HSBC account and overseas HSBC account. For example from HSBC Singapore to HSBC Malaysia.

I personally don't really like Maybank. I don't even have an account with them locally and do not plan to open one with them ever. Maybank is kind of slow ... but still 100 times better than CIMB Bank. CIMB Bank is the one really pisses me off  mad.gif
And Citibank will charge you RM80/month should your fund falls below the minimum requirement.
As far as i am concerned, HSBC will kick you out of their HSBC Premier banking should your fund falls below RM200,000 after several months and of course you will be charged RM150 for the months that your total funds inside HSBC is below RM200,000. You cannot be HSBC Premier customer simply because you are willing to pay the RM150 monthly fee. They require you to maintain at least RM200,000 with them at all times.
I think most people here who are HSBC Premier customers are not paying a cent to HSBC.

By the way, i thought you will need RM250,000 to be Maybank private banking customers ? That's RM50,000 more than HSBC required to qualify for HSBC Premier.
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In response to your question, it was one time you needed 200k to open up HSBC premier, but I cant remember fully anymore it was a few years back I dealt with this. I do recall seeing this in the their terms and conditions though:
c } Premier Savings will attract a monthly service fee of RM150 (or such other
amount as allowed to be imposed by the Bank from time to time
I believe this is if you fall below the minimum amount your supposed to keep in the account or something like that.
I heard alot of horror stories with CIMB bank... but depending on the staff you get it really makes a huge difference.

 

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