Consolidated thread for Priority/Privilege Banking

kheng86

kheng86

High Supremacy Member
Joined
Apr 1, 2003
Messages
48,192
Reaction score
32
foozgarden said:
i didnt know you can pass(or, share) the Priority pass and the PB status to your kids!? and then the kids can also trade on their own with lesser fees on SCB.
if thats the case, then its superb..

the transfering of shares from CDP to SCB, has a charge of $10+ per share, iirc.. so maybe its not worth to do so, unless SCB willing to reimburse the charges =)
Click to expand...

I think the PP is only for the primary card holder; sub cards holders are not entitled to PP. Transferring from CDP to SCB is free, but they do charge if it's the other way round.
 
L

louist

Senior Member
Joined
Aug 1, 2004
Messages
683
Reaction score
8
My personal experience (though done some time ago) was after transferring from CDP to SCB (no charge then), was able to start a priority relationship. Then I got complimentary status for my wife and we both got the VI card, so free PP for both (hers is technically not a supp card - it's a primary card since she has priority status as well).

I'm the only one using the trading platform (haha) so don't have experience with shared status trading, but don't see why they won't have lower fees too. Think it's worth exploring - banker at branch will probably be able to advise (and help set up) more quickly.

foozgarden said:
i didnt know you can pass(or, share) the Priority pass and the PB status to your kids!? and then the kids can also trade on their own with lesser fees on SCB.
if thats the case, then its superb..

the transfering of shares from CDP to SCB, has a charge of $10+ per share, iirc.. so maybe its not worth to do so, unless SCB willing to reimburse the charges =)
Click to expand...
 
F

foozgarden

Master Member
Joined
Apr 28, 2008
Messages
2,980
Reaction score
1
naro said:
i transferred from CDP to SCB online equities platform, no fees.
Click to expand...

kheng86 said:
I think the PP is only for the primary card holder; sub cards holders are not entitled to PP. Transferring from CDP to SCB is free, but they do charge if it's the other way round.
Click to expand...

sorry, let me clarify..

SCB has no charge for transfering in..
BUT, CDP has charges, $10+ per share
 
S

StealthShadow

Senior Member
Joined
Apr 23, 2004
Messages
1,172
Reaction score
2
foozgarden said:
i didnt know you can pass(or, share) the Priority pass and the PB status to your kids!? and then the kids can also trade on their own with lesser fees on SCB.
if thats the case, then its superb..

the transfering of shares from CDP to SCB, has a charge of $10+ per share, iirc.. so maybe its not worth to do so, unless SCB willing to reimburse the charges =)
Click to expand...

can transfer PB status to family.

As for PP card, each family member will have to apply themselves for the VI and be a principal cardholder to get the PP. If only you can transfer your PB status to family members and your children automatically get PP card... :s13:
 
arctician

arctician

Arch-Supremacy Member
Joined
Oct 12, 2003
Messages
17,184
Reaction score
570
not worth it to pay custodian fee for stocks

scb 0.18% and no custodian

aum 200k can get free priority pass

i have citibank broker acct but nvr touch it before
 
arctician

arctician

Arch-Supremacy Member
Joined
Oct 12, 2003
Messages
17,184
Reaction score
570
toothpick said:
does dbs treasures charge a custodian fee?
Click to expand...

i nvr use dbs treasures but was told commission was 0.18%..custodian fees waived for local trades

i prefer scb because they only require $200k aum for free priority pass..for dbs treasures pte client u need $1.5M AUM before you can access the privileges like limo and lounge
 
C

cybercom8

Arch-Supremacy Member
Joined
Feb 12, 2001
Messages
23,995
Reaction score
5
arctician said:
not worth it to pay custodian fee for stocks

scb 0.18% and no custodian

aum 200k can get free priority pass

i have citibank broker acct but nvr touch it before
Click to expand...

oh no...i better start redeeming those freebies to recover the US$200 :(

last time i paiseh to ask rm to redeem those freebies :s22:
 
arctician

arctician

Arch-Supremacy Member
Joined
Oct 12, 2003
Messages
17,184
Reaction score
570
cybercom8 said:
oh no...i better start redeeming those freebies to recover the US$200 :(

last time i paiseh to ask rm to redeem those freebies :s22:
Click to expand...

i very thick skinned one..always ask rm for waiver and freebies

usually will bring in the funds just to enjoy welcome gift.after 3 months pull out liao:)
 
C

cybercom8

Arch-Supremacy Member
Joined
Feb 12, 2001
Messages
23,995
Reaction score
5
arctician

arctician

Arch-Supremacy Member
Joined
Oct 12, 2003
Messages
17,184
Reaction score
570
cybercom8 said:
ok thanks for sharing, but a quick calculation seems to indicate its almost the same as scb 1.68%, +- a few hundred.

can have till end june to decide, hopefully, dbs will have better deposit rates then
Click to expand...

no leh i calculated 1.9%..its $6800 + $200 taka voucher..not sure if there is referral or member get member reward..maybe we can split..they used to give $1K :)
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top