These assets could be cash left in savings accounts or fixed deposit accounts, or in investments such as bonds, shares, unit trusts, ETFs and REITs.Īs you will later see, the minimum requirements are not astronomically high. To qualify as a priority banking customer, you need to park a certain amount of assets with the bank. In short, being a priority banking customer makes you a VIP member at the bank. Priority banking is designed for high net worth customers who can afford to deposit and transact large amounts of money with a bank. *Refers to total assets, which could be funds in savings accounts, fixed deposits, and various investment instruments. Standard Chartered Priority Visa Infinite Credit Card Maybank Premier Wealth Platinum Debit Card Top 8 priority banking programmes in Singapore Priority banking Which priority banking programme should you join?ġ.8 priority banking programmes in Singapore.That’s because those who are really and truly rich are one tier above priority banking customers and usually become private clients of the bank. Notice we used the word “affluent” and not “rich”. You could buy a nice car and then moonlight as a Grab driver to pay off your car loan, or blow a year’s worth of savings on a Europe trip and then show it off on Instagram.īut the true indication of an affluent Singaporean is his or her status as a priority banking customer. There are many ways to fake it if you want to look rich in Singapore.
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