not sure why they set it at $500K when the perks are pretty normal or is it just an arbitrary number and others have gotten their priority banking status for less?
Consolidated thread for Priority/Privilege Banking
- Thread starter qwertyuiop59
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not sure why they set it at $500K when the perks are pretty normal or is it just an arbitrary number and others have gotten their priority banking status for less?
Maybe they don't want to complete with local banks and just want to focus on this 500K segment?
no need to queue for bank's counter service
invisible999
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One question (coming from culture shock): do I understand correctly that people are parking $1m in a bank to have access to a lounge? Did I hear this right?
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.
No. They already have $1m in savings or investments like unit trusts, insurance, shares or bonds etc and are comparing the small perks that the banks are offering them when they park all these with the banks. Some of the perks like fast immigration access and free limo to airport are useful for those who travel often. Lounge access is just one of them.
A smaller version would be uob wealth banking with just parking of $100k in savings or investment.
UOB Wealth banking Centre at 112 Katong
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Shorter Q to get red packets during Chinese new year period.
Inix
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And you forgot shorter / no queue to get fresh notes for CNY
And you forgot shorter / no queue to get fresh notes for CNY
For most of us, this is the only practical use of priority banking...
Inix
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Yah man! Pre Internet-Banking days, I guess priority queue + those benefits makes alot of sense. Today, I do 99.99% of my banking online. I think many of us do the same lohFor most of us, this is the only practical use of priority banking...
but 500K segment all not stupid people and may not find maybank attractive if the perks are not better for higher requirements.
Link: http://forums.hardwarezone.com.sg/c...cilities-243/lounges-snooze-city-3658921.html
May not be updated as there are new ones like Anz and Cimb.
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Don't think there is any in priority banking.
Private banking clients yes for some.
purpletoysmum
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Citigold Private Client?
That thread nothing much
Raffles place and MBFC area:
Almost all the priority banking lounges are there
Stanchart, DBS, OCBC, UOB, ANZ. CIMB, Maybank
Just google for the exact location.
May be hard to find in Tanjong Pagar area though.
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