Consolidated thread for Priority/Privilege Banking

[Tiger9119]

put min 6mth?
6mths gives u 2500 plus 800 plus 3.88% is quite good.

total money collect aftr 6mth = 5725. 4.58%pa if put 6mths. i got this right?

This was what I got:
1. 3.88% on FD (for 3 months)
2. $2500 by cheque after 10 weeks
3. $800 credited into Voyage card

 

[neanea]

This was what I got:
1. 3.88% on FD (for 3 months)
2. $2500 by cheque after 10 weeks
3. $800 credited into Voyage card

What you bought? How much you put in?

 

[chopra]

This was what I got:
1. 3.88% on FD (for 3 months)
2. $2500 by cheque after 10 weeks
3. $800 credited into Voyage card

cN confirm u took out 250k fully after 6mths? i will give ocbc a call man

 

[Tiger9119]

cN confirm u took out 250k fully after 6mths? i will give ocbc a call man

Did not take out as I have credit card bills to pay. I also have investments with them.

 

[MadAppleUser]

This was what I got:
1. 3.88% on FD (for 3 months)
2. $2500 by cheque after 10 weeks
3. $800 credited into Voyage card

More curious is Premier Client need earn 120k to get Premier Voyage card ? Or lower salary

 

[Tiger9119]

More curious is Premier Client need earn 120k to get Premier Voyage card ? Or lower salary

1. Voyage: An annual income of S$120,000 and above.
2. Voyage Premier: OCBC Premier Banking customers only. Min $200K aum.
3. Voyage Premier Private Client: Min $1 million aum and qualifying as an Accredited Investor.

 

[MadAppleUser]

1. Voyage: An annual income of S$120,000 and above.
2. Voyage Premier: OCBC Premier Banking customers only. Min $200K aum.
3. Voyage Premier Private Client: Min $1 million aum and qualifying as an Accredited Investor.

Currently BOS member but nvr take their card, no income. Dont like the card design, ironically BOS aum is higher than Their private client but PPC card design nicer than BOS.

You sure no need income they give u CC bo, if normal premier no need min income BOS sure no need liao

 

[invisible999]

Regarding SC

Was at SC Vivo branch yesterday. Was told that premier relationship:

- has $1000 welcome gift but it requires all amount to be locked at 6 month deposit AND you must provide all your assets info to SC and your financial planning, otherwise welcome gift is only $200
- there is no such kind of thing as joint premier relationship, there is 'household recognition' but spouse of the primary account holder won't get the Priority VI card with 24 PP visits. He/she may get 'ordinary' VI card with 4 visits but annual must be paid.

Above is in contrary to what was written here.

 

[Prof Goh]

Was at SC Vivo branch yesterday. Was told that premier relationship:

- has $1000 welcome gift but it requires all amount to be locked at 6 month deposit AND you must provide all your assets info to SC and your financial planning, otherwise welcome gift is only $200
- there is no such kind of thing as joint premier relationship, there is 'household recognition' but spouse of the primary account holder won't get the Priority VI card with 24 PP visits. He/she may get 'ordinary' VI card with 4 visits but annual must be paid.

Above is in contrary to what was written here.

Premier is different from Priority. Priority requires 200k AUM. Household recognition is a benefit of Priority Banking and your spouse etc. can get the Priority VI card as well.

 

[doody_]

Was at SC Vivo branch yesterday. Was told that premier relationship:

- has $1000 welcome gift but it requires all amount to be locked at 6 month deposit AND you must provide all your assets info to SC and your financial planning, otherwise welcome gift is only $200
- there is no such kind of thing as joint premier relationship, there is 'household recognition' but spouse of the primary account holder won't get the Priority VI card with 24 PP visits. He/she may get 'ordinary' VI card with 4 visits but annual must be paid.

Above is in contrary to what was written here.

What is Premier? There isn't such a tier at SCB....

 

[sgdividends]

Was at SC Vivo branch yesterday. Was told that premier relationship:

- has $1000 welcome gift but it requires all amount to be locked at 6 month deposit AND you must provide all your assets info to SC and your financial planning, otherwise welcome gift is only $200
- there is no such kind of thing as joint premier relationship, there is 'household recognition' but spouse of the primary account holder won't get the Priority VI card with 24 PP visits. He/she may get 'ordinary' VI card with 4 visits but annual must be paid.

Above is in contrary to what was written here.

Household recognition is crap. It has totally no benefits to my household other than your spouse have no min commission for SCB trading slightly lower rate. nothing else

Only priority not premier ( think premier is ocbc)

Ordinary VI card is the grey one where u die die must pay annual fee and last time they gave generous miles once u paid, different from the blue priority VI card.

 

[neanea]

Tiger9119, What you bought? How much you put in?

 

[Tiger9119]

Tiger9119, What you bought? How much you put in?

Unit trust and above 200k

 

[chopra]

Unit trust and above 200k

any unit trust? huge sales charge for some man
mayb thats y u got this deal.

 

[limster]

Was at SC Vivo branch yesterday. Was told that premier relationship:

- has $1000 welcome gift but it requires all amount to be locked at 6 month deposit AND you must provide all your assets info to SC and your financial planning, otherwise welcome gift is only $200
- there is no such kind of thing as joint premier relationship, there is 'household recognition' but spouse of the primary account holder won't get the Priority VI card with 24 PP visits. He/she may get 'ordinary' VI card with 4 visits but annual must be paid.

Above is in contrary to what was written here.

As others have pointed out, SCB is priority banking. I applied for it in 2016. This was my experience, don't know how come your T&C so different.


In order to qualify, you just need $200k AUM INCLUDING stocks/shares purchased using online trading or transferred in from CDP.
There is no lock in period, but you need to keep the average AUM above $200k. (RM said that a few months drop below $200k, doesn't matter, but if more than 6 months they may review)
SCB Priority Banking VI, as Sgdividends pointed out, it is blue colour and not grey colour. I've not been charged subscription yet (some say they will minus your points to pay subscription, so just make your you use up your points).
No welcome gift.
They never asked me for assets info.

 

[invisible999]

I was thinking about HSBC and used 'Premier'. Mean the same - that first tier membership with 200K-350K AUM (depending on bank), not 1-10M like in second/private client tier.

So going back to SC and their Priority Banking with blue VI card. Is there an option to have Priority Pass card issued to both spouses sharing 24 visits across them or only one card is issued?

 

[invisible999]

Unit trust and above 200k

One of my items - 'don't do in investing' if fees are above 0.5%.

But hey, different people have different investing strategy.

 

[MadAppleUser]

One of my items - 'don't do in investing' if fees are above 0.5%.

But hey, different people have different investing strategy.

Wad bank u use 0.5 ? Cheap leh, mine min 1%

 

[happy_bear]

What do you all do to maintain the required 200k?

 

[limpoop]

What do you all do to maintain the required 200k?

For me no cash because of the low interests. I either put one lot of OTC bond or shares that have good dividends.