Priority Banking, Everything about Priority Banking
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 Jun 20 2008, 07:56 PM
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#1
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Senior Member
4,694 posts Joined: Jan 2005  
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Hong Leong Priority banking - RM200k of FD & UT combination
Citibank Citigold - RM300k UOB Privilege Banking - RM350k, combination of structured product, savings, high-yield a/c, UT & FD. Standard Chartered Priority Banking - RM300k |
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Jun 20 2008, 11:11 PM
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#2
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Senior Member
4,694 posts Joined: Jan 2005
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QUOTE(tinkerbel @ Jun 20 2008, 07:58 PM) @scorgio, Citibank & SC, was RM300k, now I'm not sure cos long time didn't go to the branches.I believe the rates U mentioned, at least for UOB, Citibank & Standard Chartered were 'old' rates. It's been revised down. The information I have provided above is as of April 2008.  UOB one is definitely correct. The minimum requirement went from RM200k to RM300k and recently RM350k (for new application). Further UOB require customer to allocate funds to their requirement (latest regulation). I can't accept that thus I'm slowly transferring my funds to other banks. |
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Jun 21 2008, 12:20 AM
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#3
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Senior Member
4,694 posts Joined: Jan 2005
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QUOTE(tinkerbel @ Jun 20 2008, 11:16 PM) @scorgio, Wow, so Citibank lowered their bar.Citibank was RM300k but it's now been revised down to RM200k. As for UOB, I'm quite sure RM300k is sufficient because a close friend of mine recently opened her Privilege Banking account with them with RM300k. Well, maybe UOB's decision to increase requirement to RM350k received a lot of bad response thus they revert back to the initial. The RM gave me a set of 'Welcome Gift' b4 I hit the "3" mark. But I never go to the PB Centre again after the minimum requirement increased to RM350k. Since then, just do transaction over-the-counter. |
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