Consolidated thread for Priority/Privilege Banking

[htngwilliam]

My RM only said will be regraded. Not told about the service fees. Can you share what is the condition we will be asked to pay service fees and what condition will we be regarded? Not sure whether RM is unsure or can’t be bothered to check.

 

[sgreview]

My RM only said will be regraded. Not told about the service fees. Can you share what is the condition we will be asked to pay service fees and what condition will we be regarded? Not sure whether RM is unsure or can’t be bothered to check.

Personally, I felt that unless a bank suddenly decided to start a campaign to filter out those who don't meet the target one, if not, most likely is up to your RM, perhaps to force u to obliged for their own benefits

Heard that RM will "blackmail" with the charge first, if u are willing to pay, then don't think anything will happen, not sure the $50 go to RM's pocket or to the bank? Anyway, if u are willing to pay $50 a month for the bank to do nothing, as a bank, I probably won't object to let u stay lo, esp if u are not getting any benefit much.. LOL.. If u don't want to pay, then either maintain what is needed or downgrade to avoid.

 

[Sinkie]

Personally, I felt that unless a bank suddenly decided to start a campaign to filter out those who don't meet the target one, if not, most likely is up to your RM, perhaps to force u to obliged for their own benefits

Heard that RM will "blackmail" with the charge first, if u are willing to pay, then don't think anything will happen, not sure the $50 go to RM's pocket or to the bank? Anyway, if u are willing to pay $50 a month for the bank to do nothing, as a bank, I probably won't object to let u stay lo, esp if u are not getting any benefit much.. LOL.. If u don't want to pay, then either maintain what is needed or downgrade to avoid.

The fall below fee is a way to reactivate client, to make the clients call their relationship manager to request for waiver, and so to allow the rm to build goodwill, re-connect with these clients and at the mean time sell product to them

I ever called in the call center to waive, and they will say only relationship manager can waive, which also open up a session with them to listen to their selling lol before they waive the fall below

 

[Sinkie]

When you fall below the required aum at citigold, the system really fast hand fast leg downgrade you to normal Citibank customer, but you still have your citigold relationship manager at your service, and they still call you to sell you product lol

 

[htngwilliam]

SCB brokerage fee has been fixed at 0.18% all along, i also recently migrated to DBST, their fee at 0.12% is really good, plus first 5 trades free no cap

DBST also count stocks as qualified AUM so you can maintain DBST relationship with no cash.

Is DBS 0.12% commission with no minimal applicable to all market? Or just SG?

 

[m@maboi]

When you fall below the required aum at citigold, the system really fast hand fast leg downgrade you to normal Citibank customer, but you still have your citigold relationship manager at your service, and they still call you to sell you product lol

now they will downgrade you to citi priority first

 

[Sinkie]

now they will downgrade you to citi priority first

I closed my Citibank maxigain account, don’t even have $1 with them

 

[cscs3]

My RM only said will be regraded. Not told about the service fees. Can you share what is the condition we will be asked to pay service fees and what condition will we be regarded? Not sure whether RM is unsure or can’t be bothered to check.

Just stay away from this type of RM.

 

[htngwilliam]

I think many are like that. Seriously not trained. Just throw there smoke around and then heng heng pass time.

 

[cassowary18]

Is DBS 0.12% commission with no minimal applicable to all market? Or just SG?

Just sg. 10char

 

[htngwilliam]

Sometimes I very scare of RM. Many lousy RM around. If your RM MIA, it is not as bad as lousy RM. scary!

 

[skpuppy]

Anyone knows whether SRS is considered as AUM for DBS Treasures or OCBC Premier banking?

 

[bencheongcm]

Sometimes I very scare of RM. Many lousy RM around. If your RM MIA, it is not as bad as lousy RM. scary!

I think if MIA is becasue you not as vaule compared to others on their list who have higher net worth

 

[Sinkie]

I think if MIA is becasue you not as vaule compared to others on their list who have higher net worth

Yes, after I declared AI, my rm become very active in contacting me, she always call me to buy FCN

4 months SGD FCN on Apple, Amazon and Facebook. Daily Mem KO 94%. Strike 85%. AKI 68.46%. Coupon 12% pa.

Something like this, very fun

 

[wav35_]

not sure the $50 go to RM's pocket or to the bank?

of cos to the bank lah, RM is just a slave to the bank.

 

[htngwilliam]

Ya. I guess I never let RM earn anything

 

[cscs3]

Ya. I guess I never let RM earn anything

RM is just a nicer name for a salesman.

 

[skpuppy]

if they keep calling you, you better beware. Lol! But cannot blame them la. It is their job

 

[gnooliew]

Which bank has better sign up promo now? Seems like ocbc with $1k, SCB better but AUM need to be higher and need to be new to bank... Any others?

 

[david80]

Does I count as new-to-bank if I'm an existing card holder?

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