HWZ Forums

Login Register FAQ Mark Forums Read

Consolidated thread for Priority/Privilege Banking

Like Tree211Likes
Reply
 
LinkBack Thread Tools
Old 20-09-2013, 10:19 AM   #46
Supremacy Member
 
Join Date: Jun 2003
Posts: 6,201
Bank: ANZ Signature Priority Banking
Minimum Assets Under Management(AUM): S$150k
Fall below fee charged: Yes
Downgrade if AUM not met: Not Sure
Pros:
1) 4 branches at Raffles Place, Orchard Rd, Thomson & Marine Parade. Usual Coffee & Resting area.
2) Free Visa Infinite Card for both Principal & Supplementary. 8x points for highest foreign currency spend. Priority Pass + Free Sats lounge/Limo/Golf upon spending $1K to $3K.
3) Flexible quarterly fixed deposit rate upto 1.1%
Cons:
Lousy Internet banking.
No Internet stock trading.
They serve Evian mineral water.

The free Sats lounge access is twice a year no min. spending.
limpoop is offline   Reply With Quote
Old 12-10-2013, 02:42 AM   #47
Senior Member
 
lyndonmaxewell's Avatar
 
Join Date: Aug 2005
Posts: 1,753
Any high tier privilege banking like $500k with some really great features like high intest rate and access to some high yield bonds or private investments?
Maybank Affluent banking is 500K.
__________________
URA/HDB parking coupons at up to 3% off.
$10.00 booklet at $9.70. PM me for details.
lyndonmaxewell is offline   Reply With Quote
Old 23-10-2013, 04:12 PM   #48
Supremacy Member
 
Join Date: Jun 2003
Posts: 6,201
Any promo for new customers?

So far I found:

CitiGold:

S$300 cash reward or 20,000 Citi Miles
(a) Maintains S$200,000 AUM for at least three (3) months from the date the relationship is established and continues to maintain such AUM up to the date the welcome reward is credited.

Additional S$200 cash reward or 10,000 Citi Miles
(b) Primary client completes a Personal Financial Report (PFR) and Investment Risk Profile (IRP) with his/her Relationship Manager within the first month the Citigold relationship is established; and
(c) Is not being referred under the Citigold Client Referral Programme.


HSBC Premier:

Welcome Cash Rewards+
S$1,200,000 S$600
S$500,000 S$250
S$200,000 S$100
limpoop is offline   Reply With Quote
Old 03-11-2013, 05:43 AM   #49
Arch-Supremacy Member
 
Join Date: Feb 2001
Posts: 23,976
got both cash rewards but these are just to compensate for the super low interest rates.
cybercom8 is offline   Reply With Quote
Old 27-12-2013, 01:09 PM   #50
Member
 
Join Date: Aug 2013
Posts: 208
Pardon me, just checking if asset under management includes stocks purchased under their brokerage?
__________________
Price is what you pay, value is what you get.
Boorseye is offline   Reply With Quote
Old 27-12-2013, 01:34 PM   #51
Supremacy Member
 
Join Date: Jun 2003
Posts: 6,201
Pardon me, just checking if asset under management includes stocks purchased under their brokerage?
What I know if your stocks/shares/bonds are under the bank's custody then consider inside AUM.
limpoop is offline   Reply With Quote
Old 28-12-2013, 09:53 AM   #52
High Supremacy Member
 
kheng86's Avatar
 
Join Date: Apr 2003
Posts: 46,265
Pardon me, just checking if asset under management includes stocks purchased under their brokerage?
For SC, yes
kheng86 is online now   Reply With Quote
Old 28-12-2013, 01:01 PM   #53
Supremacy Member
 
Join Date: Jun 2003
Posts: 6,201
For SC, yes
True, if you buy from SC, the bank keeps the security.

But if you buy from Kayhian or Kimeng, UOB/Maybank will not keep as you will transfer to CDP so not under AUM.

I wonder if you own DBS bonds but kept in CDP is this under AUM of DBS?
limpoop is offline   Reply With Quote
Old 29-12-2013, 06:13 AM   #54
Senior Member
 
Join Date: Oct 2009
Posts: 748
True, if you buy from SC, the bank keeps the security.

But if you buy from Kayhian or Kimeng, UOB/Maybank will not keep as you will transfer to CDP so not under AUM.

I wonder if you own DBS bonds but kept in CDP is this under AUM of DBS?
I think u need to transfer the DBS bond to under the custody of DBS to be considered as AUM of DBS. Should be a simple task of filling up some forms at the bank.
sebastgt is offline   Reply With Quote
Old 29-12-2013, 06:31 AM   #55
Senior Member
 
Join Date: Oct 2009
Posts: 748
That's when they can try to "eat" u, haha.
They don't eat u. They help you to grow your wealth, as well as to help the banks to grow theirs. Win-win situation. Of course you have to assess to see if stock broker, bank RM or insurance agent provide you the better deal to suit your need.
sebastgt is offline   Reply With Quote
Old 29-12-2013, 06:46 AM   #56
Senior Member
 
Join Date: Oct 2009
Posts: 748
True, if you buy from SC, the bank keeps the security.

But if you buy from Kayhian or Kimeng, UOB/Maybank will not keep as you will transfer to CDP so not under AUM.

I wonder if you own DBS bonds but kept in CDP is this under AUM of DBS?
Kayhian will require you to keep the shares under their custody Uob kayhian nominees if you buy shares under their share financial scheme. A UOB bank officer told me that it is not considered as AUM as they treat kayhian and uob as separate.
sebastgt is offline   Reply With Quote
Old 29-12-2013, 06:52 AM   #57
Senior Member
 
Join Date: Oct 2009
Posts: 748
What I know if your stocks/shares/bonds are under the bank's custody then consider inside AUM.
DBS and SCB , yes. Not sure about other banks.

Last edited by sebastgt; 29-12-2013 at 06:55 AM..
sebastgt is offline   Reply With Quote
Old 29-12-2013, 06:53 AM   #58
Senior Member
 
Join Date: Oct 2009
Posts: 748
Pardon me, just checking if asset under management includes stocks purchased under their brokerage?
DBS , yes.
sebastgt is offline   Reply With Quote
Old 29-12-2013, 07:14 AM   #59
Senior Member
 
Join Date: Oct 2009
Posts: 748
It's a willing buyer, willing seller system. No one is forcing you to buy any product. I have also seen clients who try to take advantage of their bankers.
Yes, true. If their investment is losing money, they sue the bankers and usually get something back through out of court settlement.
sebastgt is offline   Reply With Quote
Old 29-12-2013, 07:22 AM   #60
Senior Member
 
Join Date: Oct 2009
Posts: 748
Just to add .....it's not only at Paragon. AMK Hub, Tampines etc you too can have free parking (by giving you HDB parking coupons).
They should give free parking at amk hub. Bank is there.
sebastgt is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On