Consolidated thread for Priority/Privilege Banking

oceanicmanta

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For Sc VI Priority Pass, to get 24 visits a year, the terms say must have 200k average for the "3 calendar months preceding the month of getting SMS" for PP registration.
Anyone knows if I get the SMS in Jul19, does it mean I must have 200k in Apr, May &Jun ? Or shld it b May, Jun n Jul ? Live chat agent don't know.
TIA
 

asky2505

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HSBC banker told me need to keep the money for 4 mths,instead of 3. It's a new regulation.
And the interest of 2% for e EGA is only for 3 mths and is by calender month, ie if i deposit today, the 3mths will end in Sept.
True or not ?
 

oceanicmanta

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HSBC banker told me need to keep the money for 4 mths,instead of 3. It's a new regulation.
And the interest of 2% for e EGA is only for 3 mths and is by calender month, ie if i deposit today, the 3mths will end in Sept.
True or not ?

specifically, the minimum holding period for Premier Welcome Rewards is 3 calendar months following the month of account opening ... this was changed recently in Jul (previously it was just 90 days).

The 2% interest is for 3 months including month of account opening.

shld wait til tomorrow to see if there is roadshow
 

kevinbox

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how strict is OCBC on premier banking AUM? seems they can consider investments in SRS and CPF investment accounts under AUM too?
 

OCBC Bank

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how strict is OCBC on premier banking AUM? seems they can consider investments in SRS and CPF investment accounts under AUM too?

Hi there,

Eligible Assets Under Management (AUM) for OCBC Premier Banking:

•includes investments and deposits
•includes SRS cash balances and SRS investments with OCBC
•excludes investments in Blue Chip Investment Plan (BCIP)
•excludes investments in Roboinvest
•excludes Shares held in OCBC Securities

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
 

C Justice

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Have some funds on hand and am considering between SC or Citi priority banking. What do you recommend and do you have any referral?
It is individual preference on the choice. I would be happy to refer u to either Citibank or SCB or both as i bank with both. PM me.
 

C Justice

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if u enrol for their promos, then 200k must be held for the relevant holding period, usually 3-4 months

... thereafter they let u keep status ... HSBC will impose fall below fee but SCB so far does not
SCB would downgrade u from Priority if AUM is consistently below the requirement.
 
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