Consolidated thread for Priority/Privilege Banking

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l0nEr_

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If i want to transfer stocks out of CitiGold priority, do i need to pay transfer fees? Anybody know how much?

A bit sian of the low interest rates in citigold, money stuck there dont know what to do..
 
reddevil0728

reddevil0728

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l0nEr_ said:
If i want to transfer stocks out of CitiGold priority, do i need to pay transfer fees? Anybody know how much?

A bit sian of the low interest rates in citigold, money stuck there dont know what to do..
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Got RM right. Can get RM to assist.
 
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1l92041H

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for SCB priority, I need to fund within 3 calendar mths and will get bonus another 3 mths later

if I only fund near end of 3rd mth of opening, can I withdraw immediately once bonus is in?
 
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darren25

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Hi Guys,

I heard that for Citigold customers, you will get 4% pa if you lock the sum for 3 years. Any of you heard of it. Don't really found it in their website.
 
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chopra

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hi i am planning to CHANGE 1mil hkd in hongkong into SGD. based on current rate, it is about 175k sgd.

does anyone know if there’s a good way to so to minimise commission?


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chopra

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oceanicmanta said:
HSBC Premier Global Transfer (from HSBC HK convert n transfer to HSBC SG)
DBS HK Treasures Remit
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are u able to share more details? I personally dont have “an account” in hong kong but i have EGA.

i dont have hkd now, so i cant test hkd to sgd, but hsbc rate from sgd to hkd is 5.61 as compared to 5.68 in yahoo finance. thats 1.3% diff; i need to go arcade to see what’s the spread there.

will ask my rm also


alternatively, i am also thinking of going to ibkr in the actual physical hong kong place to park money. not sure if it’s viable


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oceanicmanta

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where is your HKD coming from ?

the 2 options need accounts in HK to be set up and yes, subject to the Bank's bad FX rate

DBS is 5.7274
HSBC is 5.7326

their actual online rate may be slightly better
 
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oceanicmanta

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chopra said:
doing it for a hk elderly relative thats migrated over to sg


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since u hv HSBC SG Premier, u can ask if they can open a HSBC HK Premier account (or any relevant account) for u ... then u can do a Global Transfer and even operate both accounts from SG. Assuming your relative has internet banking to do fund transfer within HK.

( note: usual Premier Service Fee applies if AUM not met, but can request to downgrade using Paper Form)

Money Changer is around 5.709 (from CashChanger.co)
 
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chopra

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oceanicmanta said:
since u hv HSBC SG Premier, u can ask if they can open a HSBC HK Premier account (or any relevant account) for u ... then u can do a Global Transfer and even operate both accounts from SG. Assuming your relative has internet banking to do fund transfer within HK.
( note: usual Premier Service Fee applies if AUM not met, but can request to downgrade using Paper Form)
Money Changer is around 5.709 (from CashChanger.co)
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ok tks. My relative has hsbc ibanking in hk.

do u mean that our singapore hsbc EGA does not allow global transfer and cannot FAST from my relative HSBC to EGA? or u mean can FAST, but will kena admin charge?

i think ibkr is really best. will try that first


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oceanicmanta

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chopra said:
ok tks. My relative has hsbc ibanking in hk.

do u mean that our singapore hsbc EGA does not allow global transfer and cannot FAST from my relative HSBC to EGA? or u mean can FAST, but will kena admin charge?

i think ibkr is really best. will try that first


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I hv only done Global Transfer within my own HK HSBC to SG HSBC, without fees and if I recall correctly, it is immediate (like FAST)

You can certainly transfer from Relative HK HSBC to your SG HSBC EGA, but I am not sure if there will be fees.

There is no FAST for cross border transfer.
 
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chopra

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oceanicmanta said:
I hv only done Global Transfer within my own HK HSBC to SG HSBC, without fees and if I recall correctly, it is immediate (like FAST)
You can certainly transfer from Relative HK HSBC to your SG HSBC EGA, but I am not sure if there will be fees.
There is no FAST for cross border transfer.
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ya right. exactly. will check on my end. tks



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linusz

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seems like stanchart priority banking referral now only applies to new to bank customers? anyone rem if this was the case previously? if yes, then no point referring pple with existing account liao.
 
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mistraele

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Not a fan of citi. Closing and moving to DBS. Even small things like making local transfers can have issue need to call rm to resolve
 
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