Consolidated thread for Priority/Privilege Banking

Sinkie

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sharinganez

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I received the same email, minimum $100 custody fee, but I always thought sgx shares has no custody fee but how come they still send me this email. Thought somewhere in the fine print has some term and condition on the waiver

sgx shares should be waived, only for foreign stocks.
 

h.y.o.m

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I received the same email, minimum $100 custody fee, but I always thought sgx shares has no custody fee but how come they still send me this email. Thought somewhere in the fine print has some term and condition on the waiver

DBS Treasures does not impose custody fees on Singapore stocks. Take note that for foreign stocks, custody fees are imposed. The details are found in the link here.

https://www.dbs.com.sg/treasures/pr...link-debts-securities-and-structured-notes#di
 

Garlic & Butter

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I received the same email, minimum $100 custody fee, but I always thought sgx shares has no custody fee but how come they still send me this email. Thought somewhere in the fine print has some term and condition on the waiver

creating something out of nothing :s13:
let's see what new fees the brokerages and SGX will manufacture down the road
 

CaptainWu

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Anyone know how to check AUM at DBS platform? I checked the asset list recently introduced and this includes even the SRS funds that I deposited through DBS but invested at 3rd party broker. They are no longer inside DBS so I wonder if that is correct or not. If this is included that save some extra funds to maintain the AUM.
 

sharinganez

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Whats the best bank to go with priority banking now if my asset is mainly in US stock?
SCB or DBS treasure? Maybank? or any other recommendation?
 

darren25

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Tiger9119

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For banking transactions, most of the time it faster for one to be attended if you take priority/premier queue number at the regular banking side. At the priority/premier side, even your number is next to be called, sometimes you may have to wait for 15, 20 or 30 mins.
 

cloud9ts

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Hi oceanicmanta!

1) Yep, but I know some existing customers actually refer their family (e.g. spouse/children/siblings) to open a New-to-Bank joint account with them as main holder, so their family members qualify for the promotions, then they split the rewards between themselves, including a referral bonus of $300 too. Good workaround to get the promo if you are already existing customer.

2) Yes then subsequently after Dec 2020, they will credit you $130 x 7 months = $910 assuming you open this month.

3) Ultimately it is up to customer how they wanna split their funds. For Interestplus because it works abit like DBS Multiplier where you need to spend/insure with the bank to get more interest, it won't be useful for customers who just want to deposit and ignore the funds. I personally will recommend Money Market Account cos there's no cap on the balance that yields interest.

Hope that helps!
Hi there I'm interested but have some questions. Howdo I get in touch with you?

Sent from Google PIXEL 3 using GAGT
 
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