Introduction
If you’re looking for exclusive banking services in Singapore, OCBC Premier Banking is one of the best options available. With a range of investment opportunities, lifestyle privileges, and additional benefits, it’s easy to see why this premier banking service is so popular. However, to qualify for OCBC Premier Banking, you need to meet certain eligibility criteria.
Eligibility Criteria
To be eligible for OCBC Premier Banking, you need to deposit or invest at least S$200,000 in fresh funds. Alternatively, you can join OCBC Premier Private Client with S$1 million in fresh funds and qualify as an Accredited Investor. While this may seem like a high threshold, it’s important to remember that OCBC Premier Banking offers a range of exclusive benefits that are not available to regular banking customers.
Exclusive Banking Services
Once you become an OCBC Premier Banking customer, you’ll have access to a range of exclusive banking services. These include personalized investment advice, priority service at OCBC branches, and 24/7 concierge service. You’ll also have access to exclusive events and promotions, as well as a range of lifestyle privileges such as dining and travel discounts.
Key Takeaways
- To qualify for OCBC Premier Banking, you need to deposit or invest at least S$200,000 in fresh funds.
- OCBC Premier Banking offers a range of exclusive banking services, including personalized investment advice and priority service at OCBC branches.
- Once you become an OCBC Premier Banking customer, you’ll have access to a range of lifestyle privileges, such as dining and travel discounts.
Eligibility Criteria
To become an OCBC Premier Banking member, you need to meet certain criteria. Here are the minimum requirements:
Minimum Deposit Requirements
To be eligible for OCBC Premier Banking, you need to deposit at least S$200,000 in fresh funds. This means that the funds must not already be held with OCBC Bank. The deposit can be in the form of cash, cheques, or securities.
Accredited Investor Status
If you do not have S$200,000 in fresh funds, you can still join OCBC Premier Banking by qualifying as an Accredited Investor. This requires an investment of at least S$1 million in fresh funds or equivalent in foreign currency.
An Accredited Investor is someone who meets certain criteria set by the Monetary Authority of Singapore (MAS). These criteria include having a net personal assets exceeding S$2 million or an income exceeding S$300,000 per annum.
Once you meet the eligibility criteria, you can enjoy the benefits of OCBC Premier Banking. These benefits include a dedicated relationship manager, priority banking services, preferential rates, and exclusive privileges.
Exclusive Banking Services
If you are looking for exclusive banking services, OCBC Premier Banking is the right choice for you. As a Premier Banking customer, you will enjoy a range of benefits, including a dedicated relationship manager, priority banking benefits, and wealth management solutions.
Dedicated Relationship Manager
One of the key benefits of OCBC Premier Banking is the dedicated relationship manager assigned to you. Your relationship manager will work closely with you to understand your financial goals and provide personalised advice. You can contact your relationship manager directly for any queries or assistance, and they will be happy to assist you.
Priority Banking Benefits
As a Premier Banking customer, you will enjoy exclusive priority banking benefits. These include preferential interest rates on deposits and loans, priority queue at branches, and access to exclusive events and promotions. You will also receive a complimentary Premier Banking Visa Infinite credit card, which offers a range of benefits, including travel insurance, airport lounge access, and golf privileges.
Wealth Management Solutions
OCBC Premier Banking offers a range of wealth management solutions to help you achieve your financial goals. These include investment solutions, insurance products, and trust services. Your relationship manager will work with you to develop a tailored investment strategy based on your risk profile and financial goals. You can also access research reports and market insights to help you make informed investment decisions.
In summary, OCBC Premier Banking offers a range of exclusive banking services, including a dedicated relationship manager, priority banking benefits, and wealth management solutions. As a Premier Banking customer, you can enjoy a range of benefits and access to exclusive events and promotions. Contact OCBC today to learn more about their Premier Banking services.
Investment Opportunities
If you’re looking to invest your money, OCBC Premier Banking offers a range of investment opportunities. Here are some of the options available to you:
Unit Trusts and Bonds
OCBC Premier Banking offers a variety of Unit Trusts and Bonds to help you grow your wealth. Unit Trusts are professionally managed funds that pool money from many investors to buy a diversified mix of assets. Bonds, on the other hand, are fixed-income investments that pay a set rate of interest over a fixed period of time. Both of these investment options can provide a steady stream of income and help you achieve your financial goals.
Foreign Currency Investments
If you’re interested in investing in foreign currencies, OCBC Premier Banking can help. You can invest in a range of currencies, including USD, EUR, GBP, AUD, NZD, CAD, CHF, JPY, HKD, and CNH. Investing in foreign currencies can provide an opportunity to diversify your portfolio and potentially earn higher returns.
Conclusion
With OCBC Premier Banking, you have access to a wide range of investment opportunities that can help you grow your wealth. Whether you’re looking to invest in Unit Trusts and Bonds or foreign currencies, there are options available to suit your needs and goals. So why not take advantage of these opportunities and start investing today?
Lifestyle and Privileges
As an OCBC Premier Banking customer, you get to enjoy a range of exclusive lifestyle privileges. These privileges are designed to enhance your lifestyle, and they include access to exclusive events, travel benefits, and more.
OCBC Premier Cards
As an OCBC Premier Banking customer, you get to enjoy a range of exclusive credit card privileges. The OCBC Premier Visa Infinite Credit Card and the OCBC Premier Voyage Credit Card are two of the most popular credit cards among Premier Banking customers.
The OCBC Premier Visa Infinite Credit Card comes with a range of benefits, including unlimited access to airport lounges, complimentary travel insurance, and exclusive dining privileges at some of the finest restaurants in Singapore. The card also comes with a range of lifestyle benefits, including discounts on shopping, entertainment, and more.
The OCBC Premier Voyage Credit Card is another popular credit card among Premier Banking customers. This card comes with a range of benefits, including complimentary travel insurance, exclusive dining privileges, and more. The card also comes with a range of lifestyle benefits, including discounts on shopping, entertainment, and more.
Exclusive Discounts and Offers
As an OCBC Premier Banking customer, you get to enjoy a range of exclusive discounts and offers. These discounts and offers are designed to help you save money on your everyday purchases, and they include discounts on shopping, dining, and more.
For example, you can enjoy up to 50% off dining at some of the finest restaurants in Singapore. You can also enjoy discounts on shopping at some of the most popular shopping destinations in Singapore.
Overall, as an OCBC Premier Banking customer, you get to enjoy a range of exclusive lifestyle privileges that are designed to enhance your lifestyle. With access to exclusive events, travel benefits, and more, you can enjoy a truly luxurious lifestyle that is second to none.
Additional Benefits
As an OCBC Premier Banking customer, you will enjoy a range of additional benefits on top of the core benefits. These benefits are designed to help you maximise the value of your banking relationship with OCBC Bank.
Welcome Reward Programme
When you become an OCBC Premier Banking customer, you will be eligible for the Welcome Reward Programme. This programme is designed to reward you for choosing OCBC Bank as your preferred banking partner.
Under the Welcome Reward Programme, you will receive a cash reward of up to $1,000 when you meet certain eligibility criteria. To qualify for the reward, you will need to maintain a minimum deposit or investment balance with OCBC Bank for a specified period.
Preferential Interest Rates
As an OCBC Premier Banking customer, you will also enjoy preferential interest rates on a range of banking products. These rates are designed to help you grow your wealth faster and more efficiently.
Some of the products that offer preferential interest rates include savings accounts, fixed deposits, and loans. With these products, you can earn higher interest rates or enjoy lower interest rates compared to non-premier customers.
Overall, the additional benefits of OCBC Premier Banking make it a compelling choice for those looking to maximise the value of their banking relationship. Whether you’re looking for cash rewards or preferential interest rates, OCBC Bank has you covered.
Frequently Asked Questions
What splendid benefits can one enjoy with OCBC Premier Banking?
With OCBC Premier Banking, you can enjoy a wide range of exclusive benefits tailored to your financial needs. These benefits include access to investments that are not available to retail investors, tailored investment solutions, and the opportunity to discuss investment trends regularly with the OCBC Wealth Panel. Additionally, you can enjoy exclusive airport lounge access privileges, preferential foreign exchange rates, and a dedicated relationship manager to manage your financial needs.
How might one become eligible for the OCBC Premier Voyage card based on income?
To become eligible for the OCBC Premier Voyage card, you must have an annual income of at least $120,000 or a minimum deposit of $200,000 with OCBC. The card comes with a range of exclusive benefits such as complimentary travel insurance, airport lounge access, and rewards points that can be redeemed for travel-related expenses.
What’s the minimum balance required to maintain OCBC Premier Banking status?
To maintain OCBC Premier Banking status, you must maintain a minimum balance of $200,000 in your account. This balance can be in the form of deposits, investments, or insurance policies.
Are there any charges if my balance falls below the required minimum in OCBC Premier Banking?
If your balance falls below the required minimum in OCBC Premier Banking, you may be charged a monthly fee of $50. However, this fee can be waived if you maintain a minimum balance of $200,000 or above in your account.
Could you tell me the interest rates associated with OCBC Premier Banking accounts?
The interest rates associated with OCBC Premier Banking accounts vary depending on the type of account you have. For example, the interest rate for a Premier Statement Savings Account is 0.05% p.a., while the interest rate for a Premier EasiSave Account is 0.10% p.a. You can contact OCBC for more information on interest rates.
What exclusive airport lounge access privileges come with OCBC Premier Banking?
With OCBC Premier Banking, you can enjoy exclusive airport lounge access privileges at over 1000 lounges worldwide. This includes access to the Plaza Premium Lounge, SATS Premier Lounge, and more. To enjoy these privileges, you must present your OCBC Premier Banking debit or credit card at the lounge reception.