Consolidated thread for Priority/Privilege Banking

[taotato]

Honestly nothing really good out there if you're a farmer like me - only want to take benefits but don't spend much.

SCB still the best as it requires 200k only and can be made up of assets such as stocks bought via their platform. No min commission for stocks also means a cheap platform for regular purchases.

Can a existing SCB customer join priority and get the bonus? Or is it only for new new customers? Thanks

 

[crystalnox]

Can a existing SCB customer join priority and get the bonus? Or is it only for new new customers? Thanks

From what I read, as long as you have existing current/savings accounts with them, no longer eligible for the referral bonus.

https://av.sc.com/sg/content/docs/REFERRAL-PROGRAMME-PROMOTION-TnC.pdf
does not include an individual who maintains or had maintained a Deposits Relationship as the primary holder with the Bank within the past twelve (12) months from the date of commencement of the Promotion Period.

 

[koolkool]

Hi. Like to check from experience is it easy to get annual fee waiver for scb or hsbc vi and applied PP via these cards? I am not a frequent traveller but I guess having lounge access when needed can be useful. TIA.

Sent from Xiaomi POCOPHONE F1 using GAGT

 

[jaihaur2]

Nope not default card. They will print "privilege banking" under your name with their other cards.

This metal card has annual fee of 2k. Not really worth it imho.

 

[tweeety]

Hi. Any 1 happen to have scb priority referral T&C for quarter 2 of 2019?
Possible to forward to me? Thanks.

 

[doody_]

Hi. Like to check from experience is it easy to get annual fee waiver for scb or hsbc vi and applied PP via these cards? I am not a frequent traveller but I guess having lounge access when needed can be useful. TIA.

Sent from Xiaomi POCOPHONE F1 using GAGT

DBS Altitude card also gives lounge access, and it isn't a premium card so fee waiver shouldn't be an issue.

 

[sane_geek]

Does Maybank Premier give any referral bonus? If yes, I need referral, thanks.

 

[highsulphur]

Does Maybank Premier give any referral bonus? If yes, I need referral, thanks.

Pm you.......

 

[SpeedingBullet]

any1 uses the dbs treasures amex miles card? any perks other than the stupid concierge that nobody really uses and zero fees as long as u stay with DBST?

 

[Sinkie]

any1 uses the dbs treasures amex miles card? any perks other than the stupid concierge that nobody really uses and zero fees as long as u stay with DBST?

Using it as atm card nia.. I have better miles card

But actually what’s the benefit of DBST

 

[SpeedingBullet]

Using it as atm card nia.. I have better miles card

But actually what’s the benefit of DBST

None, maybe slightly lower brokerage comms (if u trade SGX) and free Ayataka at their half crowded lounges

Honestly i think as long as u not in proper PB, benefits of privilege banking is marginal compared with normal banking. You still don't get access to equity/bond order books.

 

[sk0065]

pardon me,

what does "You still don't get access to equity/bond order books" mean?

IPO for eq and bond?

None, maybe slightly lower brokerage comms (if u trade SGX) and free Ayataka at their half crowded lounges

Honestly i think as long as u not in proper PB, benefits of privilege banking is marginal compared with normal banking. You still don't get access to equity/bond order books.

 

[SpeedingBullet]

pardon me,

what does "You still don't get access to equity/bond order books" mean?

IPO for eq and bond?

Yup, IPOs, pre IPOs, pte placements, pte pref offering, etc. You get the general idea..

 

[Sinkie]

Yup, IPOs, pre IPOs, pte placements, pte pref offering, etc. You get the general idea..

Actually have, I got offered, but is cash upfront first, they will lock your fund until the result is out and refund you the money not allocated for

Actually treasure good for free cashier order and lounge, but sadly no preferred higher interest rate

 

[orionmiz]

any1 uses the dbs treasures amex miles card? any perks other than the stupid concierge that nobody really uses and zero fees as long as u stay with DBST?

I used it for overseas, because it's only 3% fees (instead of 3.25% for other DBS Visa and MasterCard), and it earns 2.4mpd for overseas transactions.

 

[SpeedingBullet]

Actually have, I got offered, but is cash upfront first, they will lock your fund until the result is out and refund you the money not allocated for

Actually treasure good for free cashier order and lounge, but sadly no preferred higher interest rate

For IPOs i think sometime have, but pte placement bo leh.

I used it for overseas, because it's only 3% fees (instead of 3.25% for other DBS Visa and MasterCard), and it earns 2.4mpd for overseas transactions.

Have u used their concierge thing? any useful?

 

[Sinkie]

For IPOs i think sometime have, but pte placement bo leh.Have u used their concierge thing? any useful?

Got offered before too, but not interested also

Bonds ipo also offered before

Maybe time to change your rm

 

[SpeedingBullet]

Got offered before too, but not interested also

Bonds ipo also offered before

Maybe time to change your rm

wtf? Yeah I think I should..

 

[xtreamzz]

Does OCBC enforce a strict fall below fee for Premier Banking?

 

[htngwilliam]

On paper yes but not sure whether they enforce in real situation. If the account is monitored by computer, then likely yes. If monitored by RM, then no. My experience is their RM quite nua. I doubt they will be so on to go check. If they don’t check, they will not charge u