Consolidated thread for Priority/Privilege Banking

[sebastgt]

That thread nothing much

Here are some from our local banks:

DBS Treasures at Raffles Place
22 Malacca Street
#02-00 Royal RB Capital Building
Singapore 048980

UOB Privilege Banking Centre - Raffles Place
1 Raffles Place
#01-00 One Raffles Place
Singapore 48616

OCBC Centre
65 Chulia Street Mezzanine Floor OCBC Centre
Singapore 049513

UOB Privilege Banking Centre
10 Marina Boulevard #01-01
MBFC Tower 2
Singapore 18983

DBS Treasures at MBFC
12 Marina Boulevard, Level 3
Marina Bay Financial Centre Tower 3
Singapore 018982

OCBC Premier
Marina Bay Financial Centre
10 Marina Boulevard
#01-04
Singapore 018983

 

[neanea]

Mbfc is a hassle to get there

 

[purpletoysmum]

Mbfc is a hassle to get there

UOB Privilege Banking lounge in Raffles Place is nice. You can get red wine there after work. Meet up with friends. The one in mbfc has nice views. You can get the RM to arrange a room for lunch there with friends.

 

[cybercom8]

UOB Privilege Banking lounge in Raffles Place is nice. You can get red wine there after work. Meet up with friends. The one in mbfc has nice views. You can get the RM to arrange a room for lunch there with friends.

alas, why i never makes use of all these perks?? even dbs rast time, i see the uncles and aunties meeting in the treasures lounge for free drinks and snacks with no intention of using the bank services on that day makes me

maybe someone should start a thread on how to make full use of these perks

 

[kheng86]

alas, why i never makes use of all these perks?? even dbs rast time, i see the uncles and aunties meeting in the treasures lounge for free drinks and snacks with no intention of using the bank services on that day makes me

maybe someone should start a thread on how to make full use of these perks

Maybe you are not thick skin enough? Haha

 

[limpoop]

That's the only perk it seems But still if you wish to say withdraw currency in SCB, you would be better off going to Battery Road branch normal counter vs going to their Priority branches, as I am sure they won't have it unless notified earlier.

I wonder what is the reason to visit banks counters, as nowadays pretty much everything can be done online or perhaps via simple email request to relationship manager.

DBS treasures get the overseas ATM withdrawals fees waived together with Amex Black credit card fees waived as well.

I wonder can these be done using Internet Banking?

CO of more than 200K

Transfer more than 100K to another bank or someone

 

[limpoop]

And you forgot shorter / no queue to get fresh notes for CNY

For red packets you can call RM to send to your home, normally for Priority/Privilege Banking customers the designs are not the same as for retail customers.

For fresh notes can also call RM to get ready the amounts you want first and you can collect later together with red packets.

For SCB, you can get the same Priority/Privilege Banking privileges for your spouse and children.

 

[swatchie]

For red packets you can call RM to send to your home, normally for Priority/Privilege Banking customers the designs are not the same as for retail customers.

For fresh notes can also call RM to get ready the amounts you want first and you can collect later together with red packets.

For SCB, you can get the same Priority/Privilege Banking privileges for your spouse and children.

IIRC last year SCB's priority banking red packet designs were the same as those for retail customers. However the private banking one was different and rather nice imho.

 

[limpoop]

IIRC last year SCB's priority banking red packet designs were the same as those for retail customers. However the private banking one was different and rather nice imho.

I did not compare but I noticed the SCB PB red packets had the words "Priority Banking".

Some of the big foreign banks here also give red packets to their employees and some are nice looking like JPM, Barclays, RBS, CS and Citi.

 

[swatchie]

I did not compare but I noticed the SCB PB red packets had the words "Priority Banking".

Some of the big foreign banks here also give red packets to their employees and some are nice looking like JPM, Barclays, RBS, CS and Citi.

Yea the JPM one is nice but maybe I'm biased

 

[cybercom8]

Yea the JPM one is nice but maybe I'm biased

eh, you are form jpm ah? can consult you on something?

what is the easiest way to transfer shares from usa (think its morgan stanley) to singapore account with the least hassle and fees?

 

[boroangel]

Hi all, I called citigold today n for a deposit of $200k as a new citigold member they will give $500 cash.

Sounds like not bad a deal if u have spare cash not to be used for stocks . Are there any caveats to watch out for, especially when transferring out the money or closing citigold next time?

 

[swatchie]

eh, you are form jpm ah? can consult you on something?

what is the easiest way to transfer shares from usa (think its morgan stanley) to singapore account with the least hassle and fees?

Used to be

 

[cybercom8]

Hi all, I called citigold today n for a deposit of $200k as a new citigold member they will give $500 cash.

Sounds like not bad a deal if u have spare cash not to be used for stocks . Are there any caveats to watch out for, especially when transferring out the money or closing citigold next time?

the biggest caveat for that is that the board rate for your spare cash is almost 0%. think there is a minimum period of 6 mths before you can close the acct.

 

[Awesom Andy]

Just out of curiosity, how often do account holders go to the lounges/bank counters? I thought about private banking, but I ended up spreading money out over different banks, in different countries. Basically just looking for better deals/fees and managing it myself rather than indirectly paying for an RM to do so, I suppose.

 

[sebastgt]

Just out of curiosity, how often do account holders go to the lounges/bank counters? I thought about private banking, but I ended up spreading money out over different banks, in different countries. Basically just looking for better deals/fees and managing it myself rather than indirectly paying for an RM to do so, I suppose.

I visited Uob marine parade branch and asked a bank officer to show me their privilege banking lounge. It was quite basic and the place was surprising quite crowded.

 

[sebastgt]

UOB Privilege Banking lounge in Raffles Place is nice. You can get red wine there after work. Meet up with friends. The one in mbfc has nice views. You can get the RM to arrange a room for lunch there with friends.

I thought the bank closes at 5 pm?

 

[boroangel]

the biggest caveat for that is that the board rate for your spare cash is almost 0%. think there is a minimum period of 6 mths before you can close the acct.

Hi when u say board rate do u mean interest rate? Am thinking of putting into a usd fixed deposit where there's a promotion rate right now.

 

[limpoop]

Just out of curiosity, how often do account holders go to the lounges/bank counters? I thought about private banking, but I ended up spreading money out over different banks, in different countries. Basically just looking for better deals/fees and managing it myself rather than indirectly paying for an RM to do so, I suppose.

Having PB is not only about accessing their banking lounges, you can do things like buying/selling otc bonds, buying ipo bonds, apply new cards, open new accounts, get invited to special events, free airport lounge access, free Jetquay access, free airport limo etc

 

[limpoop]

Hi all, I called citigold today n for a deposit of $200k as a new citigold member they will give $500 cash.

Sounds like not bad a deal if u have spare cash not to be used for stocks . Are there any caveats to watch out for, especially when transferring out the money or closing citigold next time?

Read their t&c on their website, I was told you can do both (a) and (b) at the same time when you open Citigold a/c and deposit 200K, you will get $500 in a month's time and you can close after 3 months.


Bank Promotions | Financial Solutions | Wealth Management - Citibank Singapore

8.Reward tiers and corresponding condition(s) as follows:

Welcome Reward Condition(s) S$300 cash reward or 20,000 Citi Miles

(a) Maintains S$200,000 AUM for at least three (3) months from the date the relationship is established and continues to maintain such AUM up to the date the welcome reward is credited.

Additional S$200 cash reward or 10,000 Citi Miles

(b) Primary client completes a Personal Financial Report (PFR) and Investment Risk Profile (IRP) with his/her Relationship Manager within the first month the Citigold relationship is established;