10 Best Priority Banking in Singapore For Your Banking Needs [2021]

Find the best priority banking in Singapore to jump the queue.

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Ever wished you could cut the queue at your local bank? Or receive preferential treatment in the form of higher interest rates from your bank?

Well, the good news is that it’s possible: meet priority banking in Singapore.

What is Priority Banking in Singapore?

Priority banking is targeted at high net worth customers who can afford to deposit and transact large amounts of money with a bank. This is done by incentivising these wealthy clients with preferential treatment.

Benefits of Priority Banking in Singapore

Priority banking allows customers to receive perks from their banks. These include:

1. A Dedicated Relationship Manager

Need financial advice or help to manage your investments? Your dedicated relationship manager will always be on standby to lend you a helping hand.

2. Priority Queuing

Skip the queue at your local neighbourhood bank. Some banks even have exclusive branches for their priority customers to carry out their transactions.

3. Higher Interest Rates

Banks give out measly interest. While your interest rates as a priority customer are unlikely to beat inflation, at least they are better off than chump change.

4. Better Foreign Exchange Rates

If you’re a frequent flyer who goes overseas often for business trips, you can look forward to purchasing more foreign currency with better foreign exchange rates.

5. Preferential Loan Packages

You’re perceived to be less of a risk due to your large amount of capital, so you can look forward to enjoying more attractive interest rates when you take out loans.

Hold On… What’s the Catch?

The bad news is that in order to become a priority banking customer, you would first need to park a certain amount of assets with the bank. These include cash left in saving accounts, bonds, shares, unit trusts, ETFs and REITs. These usually require tens of thousands in savings minimally in the Singaporean context.

In this post, we’ve gathered all the necessary details to compile a list of the 10 best priority banking in Singapore for your banking needs.

1. Standard Chartered

best priority banking singapore
Type of InformationDetails
Websitehttps://www.sc.com/sg/priority/
Highlights to Note– Minimum deposit of S$1.5 million
– Receive cash incentives for creating a new account and for successful referrals
– Complimentary priority private concierge
AddressStandard Chartered Priority Banking Centre:

Bukit Timah Rd, 795-797, Singapore 269766
Contact DetailsTel:

+65 6846 8000 (24-hour)
Operating HoursMonday – Friday
10 am – 4 pm

Saturday
10 am – 1 pm

Sunday
Closed

If you’re looking for a priority banking in Singapore with monetary incentives, go for Standard Chartered. Simply start a Priority Banking relationship with them and receive up to S$9,600 when you bring in minimum fresh funds of S$200,000. You can even receive up to S$1650 upon three successful referrals to priority banking.

To continue being a Priority Private client, you need to top up and maintain your account balances with the Bank to at least SGD 1.5 million. Your membership and eligibility for the programme will be reviewed annually in December.

If, at the time of review, you have maintained a minimum of SGD 1.5 million in assets under management for the preceding 12 months, your membership will be renewed for a period of another 12 months, starting in January.

Benefits of signing up as a Priority Private client with them include carefully curated experiences such as a priority private concierge.

To help you travel with a greater peace of mind, this complimentary concierge service provides favorable rates and priority reservations at more than 400 handpicked restaurants with your Priority Banking Visa Infinite Credit Card.

2. Maybank Privilege

best priority banking singapore
Type of InformationDetails
Websitehttps://www.maybank2u.com.sg/en/wealth/privilege/privileges.html
Highlights to Note– One of the lowest minimum deposits (S$50,000)
– Have a Personal Financial Advisor
– Preferential treatment for investments
AddressMaybank Tower:
2 Battery Rd, Maybank Tower, Singapore 049907
Contact DetailsEmail:
[email protected]

Tel:
1800-536 9888 (Local)
+65 6536 9888 (Overseas)
Operating HoursMonday – Friday
10 am – 6.30 pm

Saturday – Sunday
Closed

If you don’t have much capital on hand, you can still enjoy the benefits of priority banking by becoming a Maybank Privilege customer with deposits and/or investments of S$50,000 or more with them.

As a Maybank Privilege customer, you can look forward to enjoying greater priority banking in Singapore with a dedicated express counter at every Maybank branch.

With the Maybank Privilege Horizon Visa Signature Card, you can also be rewarded with up to 3.2 air miles (8X TREATS Points) for every dollar spent on dining and travel expenses at home or abroad.

A Personal Financial Advisor, supported by a team of specialists, will also be on hand to listen and offer advice, ensuring your needs are addressed in confidence.

Lastly, you can receive preferential pricing on your banking transactions and investments. You can also gain access to a 24×7 hotline with priority queue.

3. OCBC Premier Banking

best priority banking singapore
Type of InformationDetails
Websitehttps://www.ocbc.com/personal-banking/premier-banking/index.page
Highlights to Note– Minimum deposit of S$200,000
– Priority queues at selected OCBC outlets
– Lifestyle privileges such as VOYAGE miles and dedicated concierge services
AddressOCBC Centre:
65 #01-00 Chulia St, OCBC Centre, Singapore 049513
Contact DetailsTel:
1800 773 6437 (Local)
+65 6530 5930 (Overseas)
Operating HoursMonday – Friday
9 am – 4.30 pm

Saturday
9 am – 11.30 am

Sunday
Closed

To be eligible for OCBC Premier Banking, simply deposit or invest S$200,000 in fresh funds. Or join OCBC Premier Private Client with S$1 million in fresh funds and qualify as an Accredited Investor.

Banking privileges include: receive up to S$2,750 when you start a Premier Banking relationship with S$350,000 fresh funds. You can also Invest in the 30 largest TECH-themed companies listed on HKEX with the Lion-OCBC Securities Hang Seng TECH ETF, available as a Blue Chip Investment Plan counter.

Each of their Premier Banking Centres is uniquely designed for a refreshingly different experience whenever you bank with them. Selected centres are open on Sundays from 11am to 7pm.

Also, as an OCBC Premier Banking Customer, priority queues will ease your way at selected OCBC Bank branches.

Lifestyle privileges include: earn VOYAGE Miles and enjoy unparalleled rewards with no expiry or blackout periods and dedicated concierge services from VOYAGE Exchange with the OCBC Premier VOYAGE Credit Card.

4. DBS Treasures

Type of InformationDetails
Websitehttps://www.dbs.com.sg/treasures/default.page
Highlights to Note– Minimum deposit of S$350,000
– 11 DBS Treasures Centres across Singapore
– Emergency cash withdrawal services
AddressDBS Asia Central:
12 Marina Blvd
Marina Bay Link Mall
Singapore 018982
Contact DetailsTel:
1800 221 1111
Operating Hours

To experience priority banking in Singapore with DBS Treasures, start placing S$350,000 in investible assets with them.

As a DBS Treasures customer, you can gain access to 11 DBS Treasures Centres throughout Singapore to confidentially discuss your investments and financial needs. You can also enjoy priority banking services at DBS branches.

You can also open an account in any of their country banking centres without the need to travel there, while simply meeting and maintaining the minimum financial portfolio balance requirement only for your country of origin.

Need cash in a hurry? You can withdraw up to USD5,000 from DBS Treasures Centres located in Singapore, Hong Kong, India, Indonesia, China and Taiwan.

5. Citi Priority

best priority banking singapore
Type of InformationDetails
Websitehttps://www.citibank.com.sg/citi-priority/index.htm
Highlights to Note– Minimum of S$70,000 deposit
– Suite of lifestyle privileges
– Bite-sized tips on financial planning
– Mobile app that simplifies banking
AddressAsia Square Main Branch:
8 Marina View
Asia Square Tower 1 #21-00
Singapore 018960
Contact DetailsTel:
+65 6224 5757
Operating HoursMonday – Friday
9.30 am – 6.30 pm

Saturday – Sunday
Closed

To enjoy priority banking in Singapore with Citi Priority, you need a minimum balance requirement of S$70,000. Get up to S$313 when you start a Citi Priority relationship with the minimum sum. That’s not all: you can also earn up to S$100 cash reward for every successful referral.

Lifestyle privileges of choosing Citi Priority as your priority banking in Singapore include discounts from their partners.

For example, you can enjoy 30% off your bill at Wan Hao Chinese Restaurant, Singapore Marriott Tang Plaza Hotel. You can also enjoy 15% off on all First Health Manuka Honey products (what a sweet deal!).

As a Citi Priority member, you can also receive bite-sized tips on financial planning and digital investment solutions that are time and fee-saving. You can also enjoy banking wealth packages with preferential rates and personalised services.

Citi also has a mobile application that simplifies banking with instant payments & transfers and real-time balance updates.

6. UOB Privilege Banking

best priority banking singapore
Type of InformationDetails
Websitehttps://www.uob.com.sg/privilegebanking/index.page
Highlights to Note– Minimum of S$350,000 in deposit
– Higher interest rates
– Birthday deals for food and staycations
AddressUOB Plaza:
80 Raffles Place, Singapore 048624
Contact Details:Email:
[email protected] 
Operating HoursMonday – Saturday
9 am – 6.30 pm

Sunday
Closed

Simply start a priority banking in Singapore with UOB Privilege Banking with a minimum of S$350,000 in deposits and/or investments.

As a member, you can look forward to enjoying higher interest rates, such as 0.55% per annum on SGD Deposits with UOB Privilege Account, and 0.30% per annum on USD deposits with Global Currency Premium Account.

They have a suite of birthday deals for members. These include 20% off regular-priced items and complimentary delivery from Ewineasia, and 18% off room rates with complimentary birthday and room upgrade from Four Seasons Hotel.

7. HSBC Premier

best priority banking singapore
Type of InformationDetails
Websitehttps://www.hsbc.com.sg/premier/
Highlights to Note– Minimum of S$200,000 deposit
– Welcome reward of cash credit
– Overseas education support
AddressRaffles Place Branch:
50, #01-03 Raffles Place, Singapore Land Tower, 048623
Contact DetailsTel:
1800 472 2669
Operating HoursMonday – Friday
9.30 am – 5 pm

Saturday
9.30 am – 12 pm

Sunday
Closed

To apply for HSBC Premier for priority banking in Singapore, you need to check that you meet at least one of the following criteria:

  • You can place a minimum of SGD200,000 (or its equivalent in foreign currency) in your Total Relationship Balance
  • You credit a monthly salary of at least SGD15,000
  • You have a Singapore property loan of at least SGD800,000 or an Australian property loan of at least AUD200,000

As a welcome reward, you will receive SGD588 cash credit when you deposit fresh funds of SGD200,000 in deposits and investment (minimum SGD50,000 in eligible Wealth products).

HSBC Premier also provides overseas education support. If your children are considering to further their education overseas, they can open a Premier Bank account in their new country/region, while still living in Singapore.

With an Premier Bank account, they’ll receive a debit card, supplementary credit card and cheque book, all before their big move, for stress-free packing. So, they can access their money as soon as they arrive in their new country/region.

And they’ll have a dedicated Relationship Manager to support them in their overseas country/region.

8. CIMB Preferred

best priority banking singapore
Type of InformationDetails
Websitehttps://www.cimbpreferred.com/index.php?cty=sg
Highlights to Note– Minimum S$250,000 deposit needed
– Range of personalised services such as dedicated relationship manager and instant recognition at any CIMB bank branch
Address50 Raffles Place #15-01
Singapore Land Tower
048623 Singapore
Contact DetailsTel:
+65 6333 1111 (Monday – Sunday, 9 am – 9 pm)
Operating HoursPersonal Banking Services & CIMB Preferred:
9.00am – 6.00pm (Mon – Fri)
9.00am – 1.00pm (Sat)

Sunday
Closed

CIMB Preferred aims to provide you with a level of unparalleled priority banking in Singapore that helps you to grow your wealth at every stage of your wealth management journey.

A CIMB Preferred membership is yours when your Total Relationship Balance (TRB) reaches SGD 250,000. Your TRB is a combination of any individual deposit and/or investment product.

Their personalised services include:

  • A dedicated Relationship Manager to advise you on your portfolio and assist you with your daily banking needs
  • CIMB Preferred At-Your-Service to assist you in your enquiries and banking transactions via phone, fax or email
  • Instant recognition and preferential treatment at any CIMB Preferred centre or CIMB Bank branch across the region

9. RHB Premier

best priority banking singapore
Type of InformationDetails
Websitehttps://www.cimbpreferred.com/index.php?cty=sg
Highlights to Note– Total relationship balance of S$200,000
– Gain access to VIP health facilities
– Dedicated relationship manager
Address#09-08, Ocean Financial Centre,
10 Collyer Quay,
Singapore, 049315
Contact Details:Tel:
1800 323 0100
Operating HoursMonday – Friday
8.30 am – 6 pm

Saturday – Sunday
Closed

To experience priority banking in Singapore with RHB Premier, you are required to have a Total Relationship Balance of $200,000. Your Total Relationship Balance is a combination of any individual deposits, investments and/or investment product.

As a RHB Premier member, you can gain privileged access to Fullerton Healthcare Group’s VIP facilities such as dedicated waiting lounges, discounted consultation fees, and exclusive rates for health screening packages.

You can also gain exclusive access to their Premier Banking Lounge at the RHB Premier Banking Centre at Cecil Street.

A deposit or investment facility with RHB also accords you the services of a dedicated Relationship Manager focused on growing your wealth and financial success.

10. Citigold

best priority banking singapore
Type of InformationDetails
Websitehttps://www.citibank.com.sg/citigold/index.htm
Highlights to Note– Minimum deposit of S$250,000
– Dedicated Citigold relationship manager
– Citigold Total Wealth Advisor
AddressAsia Square Main Branch:

8 Marina View
Asia Square Tower 1 #21-00
Singapore 018960
Contact DetailsTel:
+65 6388 3388 (Citigold Private Client Service Line)
Operating HoursMonday – Friday
9.30 am – 6.30 pm

Saturday – Sunday
Closed

Citibank private clients are called Citigold customers, one tier above Citi Priority. The minimum deposit/investment amount to qualify as a Citigold customer is $250,000.

There is one more tier above Citigold, known as Citigold Private Client, which requires assets of at least $1,500,000 for priority banking in Singapore.

You will also have a dedicated Citigold Relationship Manager, who puts you and your needs at the core of the Gold Conversation. Your Relationship Manager will have an in-depth conversation to understand your current financial position, goals and needs, to determine the suitable investment portfolio for you.

With Citigold Total Wealth Advisor, you can also set your wealth goals and track your progress at your convenience via Citibank Online or your Citi Mobile® App.

Conclusion

Do you have any reviews and comments to share regarding our choices for the best priority banking in Singapore?

While SBO is committed to supporting our local businesses, we welcome any feedback and anonymous sharing regarding your experience with the listed priority banking in Singapore.

We hope that this guide will be useful in helping you to make an informed decision when it comes to finding the best priority banking in Singapore.

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    A natural-born storyteller since young, I love writing about everything under the sun, in particular, technology and digital marketing. When I'm not putting my pen to paper, I'm usually listening to pop music or burying my head in tech reviews.
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