Thank you for the video. I'm already with OCBC and I think I'll just stick to them. I also don't spend very much, no point for me getting fancy credit premier cards/perks. I don't travel much too, don't think the voyage card suits me after more research. Thank you for the useful video again!
The rich able to get so much perks for being rich 3pct guaranteed interest with Upward 17pct interest hmm that's some crazy deal in this time around. Rich grows richer ,poor staying the same.
"The rich only get richer" has been the case for decades and will still be the case in the future. Which is why I believe that we should take a little risk sometimes because playing by the books and being super conservative isn't going to get us to the next league unfortunately 🥲
Great video, but i think you might have confused priority/premier/treasures private with private banking. There are actually 4 tiers to it. Eg. Ocbc Private Bank is actually Bank of Singapore. Dbs Treasures Private (aum 1.5M) =/= Dbs Private Bank (aum 5M)
How different is ocbc PM in malaysia vs Singapore ? In malaysia you don’t get taxed on interest like you do in Singapore 15% seems better to go for malaysia no ?
Hi can I check with you for point 3, do they offer you better mortgage rates? So far for your 200k in Ocbc, after depositing it and invested into securities, do they count towards the 200k minimum? Or you need to maintain strictly 200k cash? Thanks
Hey Shawn, so sorry for the late reply! Yes they are able to deviate for mortgage rates by a bit, that is up to the Mortgage Banker/ Spec. And yes they do count towards the $200k minimum! No need for it to be strictly cash. For e.g. $100k cash + $50k in UTs + $50k in FDs = $200k AUM.
For one, in Private Banking you get access to some investment instruments that Premier Banking clients don't even get access to (but of course risks in these investments are far higher). My answer is subjective but if you were to ask me, I'd pick being a Private Banking client in just 1 bank over having money in 3 different Premier Banks for the sole reason of accessibility to other instruments. 1 Private Bank can offer you many more services than 3 Premier Banks combined.
@@JustinSng4 like career wise , is fintech good for the future and maybe u could talk about your career job that u are doing and ur future plans and like pros and cons of fintech
Most of my money was already in OCBC plus I was already using the standard VOYAGE card by OCBC, so it was more for convenience that I decided to go with OCBC than anything else because the upgrade to PB came with certain perks that I could utilize instantly as opposed to transferring all my money to another bank, applying for a new CC etc.
Did y'all know? Your deposit money to the bank balance sheet is a liability to them? Narrowing your segment to priority is to only make them more easier to turn your deposit into their asset by offering insurance or unit trust scheme.
Even the premier customer also hv their expectation that the quality of humanity like trustworthiness, honesty, humbleness, else u think only upfront sweet talk they will hand over their wealth onto a stranger's hands so easily?? 🤔 🤔 even if u hv under study their background, their likes n dislikes.. The money world.. 😂 😂 .
Thank you for the video. I'm already with OCBC and I think I'll just stick to them. I also don't spend very much, no point for me getting fancy credit premier cards/perks. I don't travel much too, don't think the voyage card suits me after more research. Thank you for the useful video again!
Hi Justin, any idea if the 3-5 percent and potential upside to 17% per year is still available through OCBC premier/your rm?
Hey sorry for the late reply! It's available through all Premier RMs! Just that the interest might vary as of now.
The rich able to get so much perks for being rich 3pct guaranteed interest with
Upward 17pct interest hmm that's some crazy deal in this time around. Rich grows richer ,poor staying the same.
"The rich only get richer" has been the case for decades and will still be the case in the future. Which is why I believe that we should take a little risk sometimes because playing by the books and being super conservative isn't going to get us to the next league unfortunately 🥲
Thanks for the informative and honest videos!
Most welcome & thank you!
Very informative, thank you!
Most welcome, and thank you too!
Great video, but i think you might have confused priority/premier/treasures private with private banking. There are actually 4 tiers to it.
Eg. Ocbc Private Bank is actually Bank of Singapore.
Dbs Treasures Private (aum 1.5M) =/= Dbs Private Bank (aum 5M)
How different is ocbc PM in malaysia vs Singapore ? In malaysia you don’t get taxed on interest like you do in Singapore 15% seems better to go for malaysia no ?
Hi can I check with you for point 3, do they offer you better mortgage rates? So far for your 200k in Ocbc, after depositing it and invested into securities, do they count towards the 200k minimum? Or you need to maintain strictly 200k cash? Thanks
Hey Shawn, so sorry for the late reply! Yes they are able to deviate for mortgage rates by a bit, that is up to the Mortgage Banker/ Spec. And yes they do count towards the $200k minimum! No need for it to be strictly cash. For e.g. $100k cash + $50k in UTs + $50k in FDs = $200k AUM.
Instead of depositing 200k in the account to qualify, does having a PF of 200k via their OCBC securities count?
Hey there, sorry for the late reply! Yes it does. For e.g. $100k cash + $50k in UTs + $50k in FDs = $200k AUM.
Are the perks of being in 1 Private Banking better than being in 3 Premier Bankings?
For one, in Private Banking you get access to some investment instruments that Premier Banking clients don't even get access to (but of course risks in these investments are far higher).
My answer is subjective but if you were to ask me, I'd pick being a Private Banking client in just 1 bank over having money in 3 different Premier Banks for the sole reason of accessibility to other instruments. 1 Private Bank can offer you many more services than 3 Premier Banks combined.
Yes!!! Private banking is the real benefits. Premier is joke
The RM and support team you get with private benefits is more power lah 😊
How to get better FX as a P banking? Thanks
I believe you can check with your RM if they can give you a better spread/ rate.
@@JustinSng4thanks
Possible for some fintech companies or fintech topics
Any specific ones to suggest? 😬
@@JustinSng4 like career wise , is fintech good for the future and maybe u could talk about your career job that u are doing and ur future plans and like pros and cons of fintech
@@JJOlajideOlatunji i’ll try to put together some content in the future 👍🏻
Why OCBC though?
Most of my money was already in OCBC plus I was already using the standard VOYAGE card by OCBC, so it was more for convenience that I decided to go with OCBC than anything else because the upgrade to PB came with certain perks that I could utilize instantly as opposed to transferring all my money to another bank, applying for a new CC etc.
Thanks very informative
Most welcome, and thanks Ali!
Good video, very useful
Thank you 🙏🏻
Did y'all know? Your deposit money to the bank balance sheet is a liability to them? Narrowing your segment to priority is to only make them more easier to turn your deposit into their asset by offering insurance or unit trust scheme.
Even the premier customer also hv their expectation that the quality of humanity like trustworthiness, honesty, humbleness, else u think only upfront sweet talk they will hand over their wealth onto a stranger's hands so easily?? 🤔 🤔 even if u hv under study their background, their likes n dislikes.. The money world.. 😂 😂 .
there is a very simple answer,
SIMPLY GET 100K GO OPEN ONE;
AND ANSWER US; WHAT IS THE DIFFERENCE....
Allo. 1M. U blind?