Consolidated thread for Priority/Privilege Banking

[cscs3]

From what I know in my time here with Citi, mostly it's the status/prestige, the team of staff supporting you tgt with your RM, and the lounge access in my opinion. There are some specific benefits like free global transfers, lifestyle events, investment seminars etc, which cater to a more niche clientele. The new Citi Wealth Hub has received quite positive feedback since its opening in Dec, so I guess that is an extra perk if you'd like to bring your family to chill while shopping along Orchard.

If you're a new to bank client and you deposit $250k within the first 3 months, then you can qualify for their welcome promo too:
- $300 base reward, and
- $300 additional online reward, and
- $300 additional reward for new/existing credit cardholders

Of course they will reward you much more for investing/insuring, but even without doing so, the above is what you get for just depositing fresh funds.

Their service chargers is also the higher if you happen to but product thru them. In fact is the highest.

 

[xun567]

hi guys, just been told that DBST requires 350k AUM + Accredited Investor status starting this year in order to qualify. Their staff also mention that without AI status, they will need to seek special waiver. Wondering has anyone successfully seek waiver for this before?

I am not keen to invest in their riskier products, I just want to use their iWealth app for my stock trading.

 

[beermark]

Hi there,

OCBC Bank reserves the right to impose a Premier Banking Service fee of fifty Singapore Dollars (S$50) if the S$200k Asset Under Management requirement is not met.

Premier customers may also be regrade to personal banking, if the AUM is not maintained.

You may wish to get in touch with your RM for more details.

^DG

Hi DG,

If using cpf SRS fund for investments consider within AUM?

 

[OCBC Bank]

Hi DG,

If using cpf SRS fund for investments consider within AUM?

Hi there,

The eligible Assets Under Management includes SRS cash balances and SRS investments with OCBC.

^XF

 

[recruit]

hi guys, just been told that DBST requires 350k AUM + Accredited Investor status starting this year in order to qualify. Their staff also mention that without AI status, they will need to seek special waiver. Wondering has anyone successfully seek waiver for this before?

I am not keen to invest in their riskier products, I just want to use their iWealth app for my stock trading.

How’s their charges like for stock trading? Thanks

 

[Imhthc]

How’s their charges like for stock trading? Thanks

For sgx trading, 0.12% without any min Comm charge. However they are in custodian not in cdp under ur name.
for more detail: https://www.citibank.com.sg/global_docs/pdf/cg_research_insights/price_guide.pdf

 

[recruit]

For sgx trading, 0.12% without any min Comm charge. However they are in custodian not in cdp under ur name.
for more detail: https://www.citibank.com.sg/global_docs/pdf/cg_research_insights/price_guide.pdf

Thanks. Very attractive price. SCB priority is 0.18% for priority clients.

 

[xun567]

How’s their charges like for stock trading? Thanks

Not as competitive as SCB but I am keen because of their iWealth app which i heard good reviews on.

 

[darren25]

Hi guys,

Any one of you has recently sign out with SCB? they current promotion look attractive .

I was thinking to sign out but hopefully is hassle free

https://www.sc.com/sg/priority/#null

 

[tweeety]

any 1 with Maybank Premier Wealth?

 

[highsulphur]

any 1 with Maybank Premier Wealth?

Me. What do you need to know?

 

[tweeety]

Me. What do you need to know?

Any perks for this bank that are good? I saw their save up promotion.

What is the sum to join Premier wealth?

 

[highsulphur]

Any perks for this bank that are good? I saw their save up promotion.

What is the sum to join Premier wealth?

Their savings promo used to be good before the interest collapsed last year but now I don't use them anymore. Still have FD with them that pays 2+% for 3 years.
I think it's 200k

 

[Imhthc]

Their savings promo used to be good before the interest collapsed last year but now I don't use them anymore. Still have FD with them that pays 2+% for 3 years.
I think it's 200k

Ya. $200k

 

[BalaKype]

Is there any way to get fall-below fee for SC waived? Planning to shift out funds and continue trading at low commission until the $50 fee kicks in

 

[Imhthc]

Is there any way to get fall-below fee for SC waived? Planning to shift out funds and continue trading at low commission until the $50 fee kicks in

Is sc fall below fee $50? I know it is $5 for most of the accts.

 

[$ingaporean]

Hi there,

OCBC Bank reserves the right to impose a Premier Banking Service fee of fifty Singapore Dollars (S$50) if the S$200k Asset Under Management requirement is not met.

Premier customers may also be regrade to personal banking, if the AUM is not maintained.

You may wish to get in touch with your RM for more details.

^DG

Hello OCBC Bank,

May I check with you, for premier banking, does SRS unit trust investments transferred to OCBC from DBS and cash in SRS count towards the AUM?

 

[OCBC Bank]

Hello OCBC Bank,

May I check with you, for premier banking, does SRS unit trust investments transferred to OCBC from DBS and cash in SRS count towards the AUM?

Hi there,

SRS cash balances and SRS investments with OCBC are included.

Only the deposit amount and investment products purchased by the main account holder, through us are included under our AUM. Other exclusions include securities purchased even if they are bought under OCBC Securities.

For clarification, please leave your details via PM for us to contact you directly.

^DG

 

[oceanicmanta]

just been informed that CitiGold increased Referral award to $600 (from $300) !!

Welcome rewards for new joiners remain the same ... with $900 that's easy to meet

think this is currently the best out there at this moment

 

[chopra]

just been informed that CitiGold increased Referral award to $600 (from $300) !!
Welcome rewards for new joiners remain the same ... with $900 that's easy to meet
think this is currently the best out there at this moment

ya. i opened in dec2020/ Jan 2021. i only parked on 28feb $250k (yes u can start with $0 for first 3 mths). i got $1100 on 20 apr. damn gd. im waiting for a final bonus tranche of $130x7mth. haha

the bonus is now reduced to $900.


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