Consolidated thread for Priority/Privilege Banking

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w4rdsg

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ykeen said:
Transfer out from cdp and into sc?
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Based on a frustrating conversation I just had with SC CS in branch they can only grant PB based on cash. Existing assets held in a SC trading account do not count.
 
Asphodeli

Asphodeli

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kheng86 said:
Can park your shares with SC for the 200k AUM requirement

Sent from using GAGT
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ericsem said:
Yes 200K AUM will get you the PB status with SCB but the service sucks. Was told there is a 'grace period' of 3 months when the account (mine was dormant previously) was upgraded to a PB account and until then no contact from my RM nor any communication at all of who my RM is nor her contacts. Imagine I have to approach the bank personally just to get the contact details of my RM.
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w4rdsg said:
Based on a frustrating conversation I just had with SC CS in branch they can only grant PB based on cash. Existing assets held in a SC trading account do not count.
Click to expand...

why so contradicting? :s11: think their staff not trained well or something?
 
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w4rdsg

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Asphodeli said:
why so contradicting? :s11: think their staff not trained well or something?
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Possibly, but the problem is that bank staff do not have visibility of your SC Securities Trading Account. The CS did their best, and I even logged in with my account on their workstation to show them my balance to no avail, they just have to follow process. They did state that you do not need to maintain the $200K cash balance to keep PB, so you can rotate to cash and back into stocks if that made sense to you, though I think the transactions costs of that would wipe out PB's meagre benefits.
 
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Panerex

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Any one know what the requirement for UOB wealth banking ?
Still $100k?
 
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toothpick

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OngHuatHuat

OngHuatHuat

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Let say I join Uob wealth or privilege, will
There be more competitive rates on loan package? :)
 
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cybercom8

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Sinkie said:
What's the interest rate they offer?
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eg uob high yield rate for existing customers with 200k fresh funds are 1.65% without lock in.

dbs rate like under 0.2%

so you can do the maths on how much interest you are forgoing for 6 months with dbs
 
Sinkie

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cybercom8 said:
eg uob high yield rate for existing customers with 200k fresh funds are 1.65% without lock in.

dbs rate like under 0.2%

so you can do the maths on how much interest you are forgoing for 6 months with dbs
Click to expand...

1.65%?? Is forever for UOB wealth? Or just 3 months??
 
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