If you’re looking to level up your banking experience in Singapore, you might want to consider OCBC Premier Banking. This exclusive banking service is designed for high net worth individuals who want to enjoy a range of exclusive benefits and privileges. In this article, we’ll take a closer look at the requirements and features of OCBC Premier Banking.
To qualify for OCBC Premier Banking, you’ll need to meet certain eligibility criteria. This includes having at least S$200,000 in fresh funds to deposit or invest, or joining OCBC Premier Private Client with S$1 million in fresh funds and qualifying as an Accredited Investor. Once you’re a member, you’ll gain access to a range of benefits including personalized wealth management services, exclusive banking products, and special rewards and privileges.
If you’re interested in learning more about OCBC Premier Banking and what it has to offer, keep reading. In the following sections, we’ll delve into the eligibility requirements, benefits, and additional features of this exclusive banking service. Whether you’re looking for a better way to manage your wealth or simply want to enjoy a more luxurious banking experience, OCBC Premier Banking could be the perfect solution.
Key Takeaways
- OCBC Premier Banking is an exclusive banking service designed for high net worth individuals in Singapore.
- To qualify for OCBC Premier Banking, you need to have at least S$200,000 in fresh funds to deposit or invest.
- Members of OCBC Premier Banking enjoy a range of exclusive benefits including personalized wealth management services, exclusive banking products, and special rewards and privileges.
Eligibility and Application
If you are looking to become a member of OCBC Premier Banking in Singapore, there are several eligibility criteria that you must meet. Here are the main requirements:
Income Requirement
There is no specific income requirement to join OCBC Premier Banking in Singapore. However, you will need to have a certain level of wealth to meet the bank’s asset under management (AUM) and deposit criteria.
AUM and Deposit Criteria
To be eligible for OCBC Premier Banking, you will need to have a minimum of S$200,000 in fresh funds to deposit or invest with the bank. This can be in the form of cash, securities, or other eligible financial instruments. You can also qualify for Premier Banking by becoming an Accredited Investor and meeting the AUM criteria of S$1 million in fresh funds.
Accredited Investor Status
If you are an Accredited Investor, you can qualify for OCBC Premier Private Client, which offers even more exclusive benefits and services. To become an Accredited Investor, you must meet one of the following criteria:
- Have a net personal assets exceeding S$2 million or its equivalent in foreign currency
- Have a total income of not less than S$300,000 in the past 12 months
- Have a financial assets of not less than S$1 million
To apply for OCBC Premier Banking in Singapore, you can visit the bank’s website and fill out an application form. Alternatively, you can visit one of the bank’s branches or contact their customer service hotline. Once your application is approved, you will be able to enjoy the many benefits and privileges that come with being a member of OCBC Premier Banking.
So, if you have a net worth of at least S$200,000, or you are an Accredited Investor, you can apply for OCBC Premier Banking in Singapore and enjoy a range of exclusive benefits and services.
OCBC Premier Banking Benefits
If you’re looking for a banking experience that offers more than just basic financial services, OCBC Premier Banking is worth considering. With a minimum requirement of $200,000, you can enjoy a range of benefits and privileges that are exclusive to OCBC Premier Banking customers.
Exclusive Financial Services
As an OCBC Premier Banking customer, you’ll have access to a dedicated Relationship Manager who can provide you with personalized financial advice and solutions. You’ll also have access to a suite of financial services, including wealth management, insurance, and estate planning.
Investment Opportunities
OCBC Premier Banking customers have access to a range of investment products, including equities, bonds, and structured products. With the help of your Relationship Manager, you can create a customized investment portfolio that aligns with your financial goals and risk tolerance.
Lifestyle Privileges
In addition to financial services and investment opportunities, OCBC Premier Banking customers can enjoy a range of lifestyle privileges. These include discounts on dining, shopping, and travel, as well as access to exclusive events and experiences.
As an OCBC Premier Banking customer, you’ll also have access to the Premier World Elite Debit Card, which offers 1% rebate on selected categories. You can also enjoy free cash withdrawals at ATMs in Malaysia, Hong Kong, and Indonesia.
Overall, OCBC Premier Banking offers a comprehensive banking experience that goes beyond basic financial services. With a minimum requirement of $200,000, you can enjoy exclusive financial services, investment opportunities, and lifestyle privileges that are tailored to your needs and preferences.
Premier Banking Cards
If you’re an OCBC Premier Banking customer, you can enjoy exclusive benefits with their premier banking cards. Here are two of the most popular cards:
OCBC Premier Banking Visa Infinite
The OCBC Premier Banking Visa Infinite is a premium credit card designed for high net worth individuals. It offers a wide range of benefits, including:
- Annual fee waiver for the first year
- Unlimited access to over 1,000 airport lounges worldwide
- Up to 4 miles for every $1 spent overseas
- 1.6 miles for every $1 spent locally
- Complimentary travel insurance coverage of up to $1 million
- 24-hour concierge service
To be eligible for this card, you must be an OCBC Premier Banking customer. The annual fee for subsequent years is $588.
Titanium Rewards Card
The Titanium Rewards Card is another popular card among OCBC Premier Banking customers. This card offers:
- Annual fee waiver for the first two years
- Up to 10X rewards points for every $1 spent on clothes, shoes, bags, and department store purchases
- Up to 4 miles for every $1 spent on overseas purchases
- Up to 1.2 miles for every $1 spent locally
- Complimentary travel insurance coverage of up to $500,000
To be eligible for this card, you must be an OCBC Premier Banking customer. The annual fee for subsequent years is $192.60.
Overall, these premier banking cards offer a range of benefits that are tailored to the needs of high net worth individuals. Whether you’re looking for travel perks or rewards points, there’s a card that can help you maximise your spending.
Terms and Rewards
If you’re considering opening an OCBC Premier Banking account in Singapore, it’s important to understand the terms and rewards that come with it. Here’s what you need to know:
Points Validity and Pooling
OCBC Premier Banking rewards you with OCBC$ for your transactions. These points are valid for 2 years from the date of issuance. You can pool your OCBC$ with your family members who are also OCBC Premier Banking customers, allowing you to earn and redeem rewards faster.
Miles and Bonus Rewards
With OCBC Premier Banking, you can earn miles or bonus rewards when you transfer your OCBC$ to partner programmes. The minimum transfer amount is S$5,000, and you can transfer to a range of partners including Singapore Airlines, Cathay Pacific, and more. When you transfer your points, you’ll also receive a bonus reward on top of your miles.
Fees and Conversion Charges
When you make transactions in foreign currency, you’ll be charged a Foreign Currency Transaction Fee (FCY Fee) of 1.8%. There’s also a transfer fee of S$25 per transfer when you transfer your OCBC$ to partner programmes. However, there are no fees for earning OCBC$ on local transactions.
It’s important to note that there are certain rewards exclusion categories, such as payment of taxes, insurance premiums, and more. Be sure to check the Terms and Conditions for a full list of excluded transactions.
Overall, OCBC Premier Banking offers a range of rewards and benefits that can make your banking experience more rewarding. By understanding the terms and rewards, you can make the most of your account and enjoy the perks that come with it.
Additional Services and Features
As an OCBC Premier Banking customer, you will have access to additional services and features that can help you grow your wealth and plan for the future. These services are designed to help you achieve your financial goals and provide you with peace of mind.
Legacy Planning
Legacy planning is an important part of any financial plan. With OCBC Premier Banking, you will have access to a team of financial advisors who can help you create a legacy plan that meets your unique needs. Whether you want to leave a legacy for your children or support a charitable cause, our advisors can help you create a plan that aligns with your values and goals.
OCBC Premier Private Client
If you are looking for even more personalised service, you may want to consider becoming an OCBC Premier Private Client. This exclusive program is designed for high-net-worth individuals who require a higher level of service and attention. As an OCBC Premier Private Client, you will have access to a dedicated relationship manager who will work with you to create a bespoke financial plan that meets your unique needs.
In addition to personalised service, OCBC Premier Private Clients also have access to exclusive benefits and privileges. These may include preferential rates on loans and deposits, access to exclusive events and experiences, and more.
Whether you are looking for financial advisory services, investments, or private banking, OCBC Premier Banking has you covered. With a range of services and features designed to help you achieve your financial goals, you can be confident that you are in good hands.
Frequently Asked Questions
What are the exciting benefits of joining OCBC Premier Banking?
As an esteemed member of OCBC Premier Banking, you can enjoy a range of exclusive benefits. These include preferential interest rates on deposits and loans, personalized financial planning, access to exclusive events and promotions, and much more.
How can one qualify for the fabulous OCBC Premier Voyage card?
To qualify for the OCBC Premier Voyage card, you must have a minimum annual income of $120,000 or a minimum of $200,000 in assets under management with OCBC. Additionally, you must maintain a minimum balance of $200,000 in your OCBC Premier Banking account.
What’s the minimum balance to maintain for Premier banking status?
To maintain your Premier banking status, you must maintain a minimum balance of $200,000 in your OCBC Premier Banking account.
How does one become part of the esteemed Premier banking clientele?
To become part of the esteemed Premier banking clientele, you must meet the eligibility requirements, which include a minimum annual income of $120,000 or a minimum of $200,000 in assets under management with OCBC. You can then apply for OCBC Premier Banking membership online or at any OCBC branch.
What delightful welcome gifts do new OCBC Premier Banking members receive?
New OCBC Premier Banking members can enjoy a range of welcome gifts, including cash rewards, travel vouchers, and much more. The specific welcome gift depends on the promotion at the time of account opening.
Are there any exclusive fixed deposit rates for OCBC Premier Banking customers?
Yes, as an OCBC Premier Banking customer, you can enjoy exclusive fixed deposit rates. These rates are subject to change and are based on market conditions. Please check with your relationship manager for the latest rates.
Join OCBC Premier Banking today and enjoy the exclusive benefits and privileges that come with being part of our esteemed clientele.