Lastest S$ Deposit updates - Part 3

[Little turtles]

Also merry go round with opening joint accounts, where the main account holder is another person name.

Then take it to next level priority private, Premier elite.

Then all the chiobu rm will start to invite you for tea session

 

[peppermint7]

After scb, can try
1. Hsbc premier
2. Ocbc premier dividend +
3. Citigold
4. Cimb preferred

Can merry go round your funds for more than a year

Also merry go round with opening joint accounts, where the main account holder is another person name.

Then take it to next level priority private, Premier elite.

For those of you who have reached such status. Didn't the banks RM pester you to buy something from them every now and then? Since most of you are risk adverse, do you reject all the way? Or at least buy something so they will continue too serve you with care.

 

[ericcsn]

For those of you who have reached such status. Didn't the banks RM pester you to buy something from them every now and then? Since most of you are risk adverse, do you reject all the way? Or at least buy something so they will continue too serve you with care.

Not yet in Premier Elite, Treasures Private nor Priority Private so I can't say since not there in this grouping (those will be looked after by RD - Relationship Directors). And for those beyond them (Private Banking).

At Premier, Treasures or Priority level, RM never bother u at all. Nothing whatsoever. Very professional and discreet. Why, one RM told me they are well, RM not FA.

You know where to call or message if u want something.

(I understand at HSBC, one RM handles a pool of 350 Premier banking customers - and some of these customers may be quite lor sore, demanding not easy to handle type).

 

[maumu]

Not yet in Premier Elite, Treasures Private nor Priority Private so I can't say since not there in this grouping (those will be looked after by RD - Relationship Directors). And for those beyond them (Private Banking).

At Premier, Treasures or Priority level, RM never bother u at all. Nothing whatsoever. Very professional and discreet. Why, one RM told me they are well, RM not FA.

You know where to call or message if u want something.

(I understand at HSBC, one RM handles a pool of 350 Premier banking customers - and some of these customers may be quite lor sore, demanding not easy to handle type).

my HSBC RM still contacts me every now and then to try to sell me products...

I've been putting off meeting her at her request because I got no time to consider buying stuff... just bought a hybrid life annuity / endowment last year.

if it's true that she has 349 premier customers other than me, I think she's quite free. it's like calling one customer a day for 365 days a year (with some personal off days)

 

[ericcsn]

my HSBC RM still contacts me every now and then to try to sell me products...

I've been putting off meeting her at her request because I got no time to consider buying stuff... just bought a hybrid life annuity / endowment last year.

if it's true that she has 349 premier customers other than me, I think she's quite free. it's like calling one customer a day for 365 days a year (with some personal off days)

u bought this hybrid life annuity / endowment stuff from her?
If so, maybe she thot she can help u more.

 

[Nanonited]

Not yet in Premier Elite, Treasures Private nor Priority Private so I can't say since not there in this grouping (those will be looked after by RD - Relationship Directors). And for those beyond them (Private Banking).

At Premier, Treasures or Priority level, RM never bother u at all. Nothing whatsoever. Very professional and discreet. Why, one RM told me they are well, RM not FA.

You know where to call or message if u want something.

(I understand at HSBC, one RM handles a pool of 350 Premier banking customers - and some of these customers may be quite lor sore, demanding not easy to handle type).

If i already have scb priority, hsbc premier, which is the next best?

looking to put $300-$500k.

 

[ericcsn]

If i already have scb priority, hsbc premier, which is the next best?

looking to put $300-$500k.

u can open a joint priority/ premier account with your spouse or children (above 18) (or siblings, parents) but put the other person as the main account holder not you.

Then put the referral as yourself, the referred is your spouse / children / siblings / parents etc.

Everything else can be the same ie as per https://forums.hardwarezone.com.sg/threads/lastest-s-deposit-updates-part-3.5575909/post-158239892. just that this is a joint account.

Only condition is this person who is the main account holder has to be New to bank or at least 12 months out of the bank (note: those who only hold its credit cards without their banking account are considered as new to bank).

 

[maumu]

u bought this hybrid life annuity / endowment stuff from her?
If so, maybe she thot she can help u more.

ya, from her.. a hsbc product.

I'm not that sure what she can "help" more... whether she's helping herself, or helping me lah.

I've lost count of the number of RMs over the years. They don't stay long one. we all know... this is a job for them, not a career. Their KPI is to hit certain investment targets, bring certain amount of money into the bank...

Anyway, getting older also means lesser runway to buy into higher risk products. But higher risk products give higher commissions. So, I believe I'm not "her type" hahaha

 

[vsvs24]

(I understand at HSBC, one RM handles a pool of 350 Premier banking customers - and some of these customers may be quite lor sore, demanding not easy to handle type).

HSBC has pooled RM team ie some customers assigned to a pool of RM instead of designated RM.

Some years back they assigned me to this pooled RM system because I fail to consistently maintain 200k, mainly hovering above 100k.

The RM initially calls to remind me to topup money

Now that EGA differentiate rates by wealth holdings instead of premier, it is no longer important to remain as premier.

The only advantage is when HSBC blocks your funds transfer, there is a premier hotline that may pick up faster and react faster for unblocking funds.

 

[Little turtles]

If i already have scb priority, hsbc premier, which is the next best?

looking to put $300-$500k.

Ocbc - $800 put 350k for 3 months
Citigold - 1.2k (singsaver) put 300k for 3 months
Cimb.....only if u have done all the rest

 

[Nanonited]

u can open a joint priority/ premier account with your spouse or children (above 18) (or siblings, parents) but put the other person as the main account holder not you.

Then put the referral as yourself, the referred is your spouse / children / siblings / parents etc.

Everything else can be the same ie as per https://forums.hardwarezone.com.sg/threads/lastest-s-deposit-updates-part-3.5575909/post-158239892. just that this is a joint account.

Only condition is this person who is the main account holder has to be New to bank or at least 12 months out of the bank (note: those who only hold its credit cards without their banking account are considered as new to bank).

Thanks for the tips. If we get blocked from transferring can the joint holder aka me call and unblock or need the main acct holder to do everything related to the account?

the financial needs analysis also must be main acct holder do in person?

 

[Nanonited]

Ocbc - $800 put 350k for 3 months
Citigold - 1.2k (singsaver) put 300k for 3 months
Cimb.....only if u have done all the rest

Citigold sounds good, but i checked singsaver seems must be AI and 350k to get $1000, $1200 is $500k and AI. Not sure how strict they are to be AI

 

[ericcsn]

Thanks for the tips. If we get blocked from transferring can the joint holder aka me call and unblock or need the main acct holder to do everything related to the account?

the financial needs analysis also must be main acct holder do in person?

Not being blocked before. But you can see the joint account full details in your own apps and u should be able to get the bank to do everything needed as this is also your account.
If qualifying for AI for this joint account, amount will have to be doubled (funds need not be deposited into the bank itself, just show the statements from other banks will do).
Financial needs analysis- can’t remember whether need to do in person. In any case, u and your main acct holder need to be in person to open the joint acct, so can ask there and then. (There was a customer knowledge assessment CKA that can be done online.)

 

[Honda_typeR]

For those of you who have reached such status. Didn't the banks RM pester you to buy something from them every now and then? Since most of you are risk adverse, do you reject all the way? Or at least buy something so they will continue too serve you with care.

I think they will "Profile" you during your onboarding. They will ask to meet you etc.

If you not keen to meet or buy stuff i guess they wont bother you.

I cant rmb which one but only either maybank or rhb will auto mail you the premier red packets.

 

[Little turtles]

Citigold sounds good, but i checked singsaver seems must be AI and 350k to get $1000, $1200 is $500k and AI. Not sure how strict they are to be AI

Mine was activated last year, not sure if bank has changed terms.
Can approach the acquisiton mgr to share details.

 

[Little turtles]

Yes must be ai then can get the full sum.
If dun want to do ai, then scb,hsbc, ocbc should be ahead

 

[pratik28]

OCBC 88 Days - 1.8%

RHB FD 6m - 1.45%

UOB stash 7m 100k (subject to rate cut anytime) - EIR 1.95% with $250

GXS 12m
Boost pocket - 1.3%

or T-Bills 6m/12m

 

[CrashWire]

Not being blocked before. But you can see the joint account full details in your own apps and u should be able to get the bank to do everything needed as this is also your account.
If qualifying for AI for this joint account, amount will have to be doubled (funds need not be deposited into the bank itself, just show the statements from other banks will do).
Financial needs analysis- can’t remember whether need to do in person. In any case, u and your main acct holder need to be in person to open the joint acct, so can ask there and then. (There was a customer knowledge assessment CKA that can be done online.)

Do you know if money in the joint account counts towards both AUM or just the primary?

 

[ericcsn]

Do you know if money in the joint account counts towards both AUM or just the primary?

Money in joint is counted to the primary’s AUM.

 

[Alwaysb]

Appreciate if someone can help. I have been struggling with OCBC RM over the requirement to participate in the 1.8% promo.

I am new to this and I have not open any eligible account yet.

I also have 360 account. This is my primary account for giro and paynow

I intend to participate the promo in feb (assuming theres one)

Base on T&C's incremental amount deposited into the eligible account is against PAST 30 days amount across all accounts

According to the RM, assuming I only wanted to deposit the fresh fund on 28 Feb.. that would mean I cannot have funds out from 28 Jan to 27 Feb. This is the correct understanding you guys have?

Then what will happen to my 360 account for those giro?