[Official] HSBC Premier

[Byfrost]

Actually what jetblack pointed out has a point. On the day i opened my acc, RM did ask me if I'm very conservative in my investment or willing to take risk. I replied I want to treat it like FD. Thereafter i didn't hear anything anymore. Luckily i still get my welcome pack. If that's a consolation.

There's nothing special with Premier status. Mayb one thing good is what vsvs ever shared. During CNY no need to join long long queue to change new notes

I understand, I don't expect to feel special as well. In my line of work dealing with the real high net worth clients (USD100m<), I have seen RMs flying down from Switzerland to Singapore and other countries just to meet the client and sign some documents and pass them documents personally. So I understand where my position is and do not expect any VVIP kind of treatment for such low amounts.

Only purpose of this thread is to discuss and enjoy promotions from HSBC.

And no, I don't have the need to feel good. I just notice the details. Not as if the Premier welcome letter or package is gonna give me free money into my bank account. If don't have, so be it. I also couldn't care less about the RM, PSM, Lounge, free coffee etc etc. I'm just asking, that's all. Even when I first opened my first HSBC account as a Personal banking customer many years ago, I received a simple "Thank you for choosing HSBC" letter informing me about my new bank account details.

I know, as I mentioned, I don't really care about status. Even if I throw in TRB S$1,000,000, it's still a tiny sum of money, as compared to the real privilege banking status (Bank of Singapore, DBS Private Bank, Julius Baer, Credit Suisse etc) So yes, I know where I am standing. From Jetblack's tone, he just sound elitist and snobbish.

Even when I open a basic UOB Uniplus, OCBC 360 Account many years ago (as mass market personal banking), they even bothered to send a letter "Thank you for choosing UOB / OCBC for your choice of bank, your account opening is approved, enclosed below you will find your new account number details etc etc"

If the above is too much to ask for, then perhaps I learned something new today. In my posts above, I never ever expected Swiss private banking level of service where the RM will all come in suit and tie and meet me in a atas conference room, presenting my new welcome pack, show me his iPad with all the charts and graphs etc etc..

 

[Byfrost]

That's best. When RM call you, it means they want to sell you some product. I prefer they don't call.

Exactly RMs are commission driven individuals. I told my dbs rm that i join purely for trading stocks he jitao kick me to some team 5 or something and i totally understand

If u constantly be carrot and let rm chop then of cos u will get all the cards, gifts, mooncakes, wine etc. Those are for ****** pple and they love it

Yup, I know people with DBS Treasures, getting hounded by their RM to buy new products. Their only reason to join Treasures and leave money there is not to queue at the branch, that's all. Like walk into a branch without a queue number and speak to someone straight kind of expectations.

Ended up downgraded to retail mass market because they are sick of the calls lol.

 

[Byfrost]

should just merge the 2 threads together, anyway i am not bothered about their service quality, its the interest that counts.

Gone are the good days when you can let welcome offers, taka vouchers, high interest rates, cathay air tickets, mandarin hotel gift cards etc etc

The train has left 4-5years ago, even if you board now only left the frills.

I don't know. The other thread title is about Step Up, EGA Reward promotions, although discussions on Advance, Premier and Jade banking is there. I just think it would be better to split promotions and HSBC banking matters separately.

There's another "Consolidated thread for Priority/Privilege Banking" as well.

And yes, I can tell now Premier is now "left the frills".

 

[cscs3]

Also means I'm not a carrot

Like that. Remember those free gift is actually from your own money.

 

[arctician]

I don't know. The other thread title is about Step Up, EGA Reward promotions, although discussions on Advance, Premier and Jade banking is there. I just think it would be better to split promotions and HSBC banking matters separately.

There's another "Consolidated thread for Priority/Privilege Banking" as well.

And yes, I can tell now Premier is now "left the frills".

last time when i joined, there were even wolero limo vouchers..those were very very long ago, probably the pioneer batch when hsbc premier first launched on day 1. Then they kept giving cathay tix, mandarin gift cards, taka vouchers, and the welcome plus referral can be stacked with step up..damn lucrative.

now consider yourself lucky if you can get 1.3%

 

[cassowary18]

It's a good to have I guess..

In my case, my Advance profile that I selected when signing up for Advance banking is "Salary crediting or recurring deposit of at least SGD3,500 per month and have applied for / hold a HSBC Credit card". So I do the FAST In / Out method monthly to maintain it.

As for Premier, now they have introduced the new criteria profile "arrange for a recurring deposit, of at least S$15,000 per month in a single transaction to a deposit account with the Bank to remain qualified for HSBC Premier"

Just do the same FAST In / Out, as usual. The only change for me is the FAST amount. No need to maintain S$200,000.

So to me is, why not?

Foregone interest in other high interest savings account. Unless you diligently remember to FAST out immediately.

 

[Byfrost]

Foregone interest in other high interest savings account. Unless you diligently remember to FAST out immediately.

Been doing FAST In and Out for years since Advance. Never once forget to FAST out. Leaving enough inside the HSBC Account to pay off my HSBC Credit card Statements. Since I need to login to pay my credit card bills of different banks at least once a month, it's just an added 1 or 2 minute step in my process.

Have the usual high interest savings accounts as well.

In this case, I am enjoying the benefits of HSBC Advance / Premier without any real losses. Saved me the trouble of calling in for Credit Card fee waiver yearly, other passive benefits etc etc

 

[GrandJedi]

how stict is the fall below $200k TRB leading to the corresponding fall below $50/mth?

 

[sglandscape]

how stict is the fall below $200k TRB leading to the corresponding fall below $50/mth?

Strict after the change in the qualifying criteria recently, they don't seem to be willing to waive it at all, even if you call in. If you succeed can share with us.

 

[GrandJedi]

Strict after the change in the qualifying criteria recently, they don't seem to be willing to waive it at all, even if you call in. If you succeed can share with us.

HSBC does automatic upgrade, if you dont opt out. Then HSBC charge you when the balance falls below $200k??!

 

[sglandscape]

HSBC does automatic upgrade, ifyou dont opt out. Then HSBC charge you when the balance falls below $200k??!

I highly doubt they do automatic upgrade. They have been doing automated downgrades recently.

 

[royalmix]

HSBC does automatic upgrade, if you dont opt out. Then HSBC charge you when the balance falls below $200k??!

You received the email invitation?

I highly doubt they do automatic upgrade. They have been doing automated downgrades recently.

You need to have "insider knowledge" or the experience to answer his question!

Their system is intelligent enough to identify and send out email offers/invites to "automatically upgrade" customers to premier status and charge them when they do not meet the TRB as stated in the email.

 

[sglandscape]

You received the email invitation?

You need to have "insider knowledge" or the experience to answer his question!

Their system is intelligent enough to identify and send out email offers/invites to "automatically upgrade" customers to premier status and charge them when they do not meet the TRB as stated in the email.

If only HSBC systems were that intelligent!

 

[royalmix]

If only HSBC systems were that intelligent!

You dun have the experience or knowledge!

I write with experience!

 

[travbug]

Just to share - I received hsbc email that my account will be automatically upgraded to Premier and I can opt out by sending sms by end June. So pls check your emails if you don't want to be automatically upgraded without your knowledge

 

[BlackTortoise]

Just to share - I received hsbc email that my account will be automatically upgraded to Premier and I can opt out by sending sms by end June. So pls check your emails if you don't want to be automatically upgraded without your knowledge

I received email too. Quickly sent sms to don’t want upgraded. Then today fast hand fast leg moved out to esaver. Huat ahh

 

[Guojing88]

I received email too. Quickly sent sms to don’t want upgraded. Then today fast hand fast leg moved out to esaver. Huat ahh

They automatically upgrade me and my sent sms don't seem to be recognized. How do I get them to downgrade me back?

 

[maumu]

what caused the auto-upgrade? it's quite unethical to upgrade without customer's direct consent to do so, as premier has more demands such as higher min. balance requirement in order not to incur FBF.

 

[ThreeSteps]

what caused the auto-upgrade? it's quite unethical to upgrade without customer's direct consent to do so, as premier has more demands such as higher min. balance requirement in order not to incur FBF.

According to recent forum postings, some have received email & opted out via SMS.

I received email from the bank on 30May regarding Upgrade to HSBC Premier “we would like to upgrade your banking relationship….....The automatic upgrade will take effect after 29 Jun 2025……. If you prefer not to be upgraded, simply let us know by sending an SMS to …….. by 29 Jun 2025”. (Details for the SMS format also very clear)

I sent my SMS before 29Jun & received an immediate automatic SMS “Thank you for indicating your preference to not be upgraded……”

 

[marshmallow96]

According to recent forum postings, some have received email & opted out via SMS.

I received email from the bank on 30May regarding Upgrade to HSBC Premier “we would like to upgrade your banking relationship….....The automatic upgrade will take effect after 29 Jun 2025……. If you prefer not to be upgraded, simply let us know by sending an SMS to …….. by 29 Jun 2025”. (Details for the SMS format also very clear)

I sent my SMS before 29Jun & received an immediate automatic SMS “Thank you for indicating your preference to not be upgraded……”

cham... i missed the e-mail cos was overseas, and the deadline already over. Tried to send the sms but the auto reply came back to say they don't recognise my SMS entry, clicked contact the Premier Team but no contact info or RM name is shown zzz

In the end, chatted with the usual CSO and they said will get the RM to e-mail me, can only wait for now.