If you’re looking for a banking experience that is tailored to your specific needs, OCBC Premier Banking may be the solution for you. OCBC Premier Banking offers a range of exclusive benefits and privileges that are not available to regular banking customers. In this article, we’ll explore everything you need to know about OCBC Premier Banking, including its exclusive benefits, savings and investment products, banking services and features, and more.
OCBC Premier Banking is designed for high net worth individuals who require a more personalised banking experience. The programme provides a range of exclusive benefits and privileges that are tailored to meet the specific needs of each customer. Some of the benefits include access to investment opportunities that are not available to retail investors, regular discussions with the OCBC Wealth Panel, and preferential rates on loans and other banking services.
If you’re interested in joining OCBC Premier Banking, there are certain eligibility criteria that you need to meet. These include a minimum deposit or investment amount, and an annual income requirement. Once you become a member, you’ll have access to a range of savings and investment products, banking services and features, and exclusive OCBC Premier Cards. In the following sections, we’ll explore each of these in more detail.
Key Takeaways
- OCBC Premier Banking is designed for high net worth individuals who require a more personalised banking experience.
- The programme provides a range of exclusive benefits and privileges that are tailored to meet the specific needs of each customer.
- Some of the benefits include access to investment opportunities that are not available to retail investors, regular discussions with the OCBC Wealth Panel, and preferential rates on loans and other banking services.
What Is OCBC Premier Banking?
If you’re looking for an exclusive banking experience, then OCBC Premier Banking might be right for you. This service is designed for individuals who want access to premium banking solutions, wealth insights and advisory, and lifestyle privileges.
Defining Premier Banking
Premier Banking is a type of banking service that caters to high net worth individuals. This service offers personalized banking solutions and exclusive benefits that are not available to regular banking customers.
OCBC Premier Banking is a premier banking service offered by OCBC Bank. This service is designed to provide you with a personalized banking experience that meets your unique needs, preferences, and financial goals.
OCBC Premier vs. Premier Private Client
OCBC Premier Banking is different from OCBC Premier Private Client.
The OCBC Premier Banking is for individuals who have a minimum deposit or investment of SGD 200,000 in fresh funds. In contrast, OCBC Premier Private Client is designed for individuals who have a minimum deposit or investment of SGD 1 million in fresh funds and qualify as an Accredited Investor.
OCBC Premier Private Client provides you with access to even more exclusive benefits, such as a dedicated team of relationship managers, personalized investment solutions, and tailored wealth planning services.
Overall, OCBC Premier Banking is an excellent choice if you’re looking for a personalized banking experience that provides you with access to exclusive benefits and privileges. Whether you’re looking for premium banking solutions, wealth insights and advisory, or lifestyle privileges, OCBC Premier Banking has got you covered.
Exclusive Benefits of OCBC Premier Banking
If you’re looking for a premium banking experience that offers a range of exclusive benefits, then OCBC Premier Banking may be just what you need. Here are some of the standout benefits that you can expect as a Premier Banking customer:
Tailored Wealth Management
OCBC Premier Banking offers a tailored wealth management service that is designed to help you grow your wealth in Singapore and beyond. As a Premier Banking customer, you’ll have access to a team of experienced wealth managers who will work with you to create a personalised investment strategy that meets your unique financial goals and risk profile. Whether you’re looking to invest in stocks, bonds, or other asset classes, your wealth manager will help you to make informed investment decisions that align with your objectives.
Preferential Interest Rates
One of the key benefits of OCBC Premier Banking is access to preferential interest rates on a range of banking products. Whether you’re looking to open a savings account, take out a loan, or invest in a fixed deposit, Premier Banking customers can enjoy preferential rates that can help you to maximise your returns. With competitive rates and flexible terms, you can be sure that you’re getting the best deal possible.
Dedicated Advisory Services
In addition to wealth management and preferential interest rates, OCBC Premier Banking also offers a range of dedicated advisory services to help you make informed financial decisions. Whether you need advice on investments, financing, or other financial matters, you can rely on your dedicated Premier Banking advisor to provide you with expert guidance and support. With personalised advice that is tailored to your specific needs and goals, you can be confident that you’re making the best decisions for your financial future.
Overall, if you’re looking for a premium banking experience that offers a range of exclusive benefits, then OCBC Premier Banking is definitely worth considering. With tailored wealth management, preferential interest rates, and dedicated advisory services, you can enjoy a truly personalised banking experience that is designed to help you achieve your financial goals.
Joining OCBC Premier Banking
If you are looking for a banking experience that offers more than just financial services, then OCBC Premier Banking is the right choice for you. This exclusive banking programme offers a range of benefits that cater to your lifestyle needs. Here’s what you need to know about joining OCBC Premier Banking.
Eligibility Criteria
To join OCBC Premier Banking, you need to meet the eligibility criteria. There are two ways to become an eligible client:
- Deposit or invest a minimum of S$200,000 in fresh funds with OCBC Bank.
- Join OCBC Premier Private Client programme with S$1 million in fresh funds and qualify as an Accredited Investor.
Once you meet the eligibility criteria, you can enjoy a range of benefits that come with being an OCBC Premier Banking client.
The Welcome Reward Programme
As a new OCBC Premier Banking client, you are eligible for the Welcome Reward Programme. This programme offers a cash credit of up to S$1,000 when you join the programme. The cash credit is based on the amount you deposit or invest in fresh funds.
Here’s how the Welcome Reward Programme works:
| Fresh Funds Deposited or Invested | Cash Credit |
|---|---|
| S$200,000 to S$499,999 | S$500 |
| S$500,000 to S$999,999 | S$800 |
| S$1,000,000 and above | S$1,000 |
The cash credit will be credited to your account within 60 days of meeting the eligibility criteria.
In conclusion, joining OCBC Premier Banking is easy and straightforward. With a minimum deposit of S$200,000, you can enjoy a range of benefits that cater to your lifestyle needs. Don’t miss out on this opportunity to elevate your banking experience.
Savings and Investment Products
If you are looking for a premier banking experience that offers a range of savings and investment products, look no further than OCBC Premier Banking. With a variety of products to choose from, you can tailor your savings and investment portfolio to suit your needs and goals.
OCBC Premier Dividend+ Savings Account
One of the most popular savings products offered by OCBC Premier Banking is the OCBC Premier Dividend+ Savings Account. This account offers a competitive interest rate of up to 3.70% per annum when you deposit at least S$2,000 a month and make no withdrawals. This account is perfect for those who want to earn a high interest rate on their savings while still having the flexibility to make withdrawals if needed.
Investment Options
If you are looking to invest your money, OCBC Premier Banking offers a range of investment options to suit your needs. Whether you are looking to invest in stocks, bonds, or unit trusts, there is an investment product for you. With the help of OCBC’s team of investment experts, you can make informed investment decisions that align with your financial goals.
Time Deposits and Structured Deposits
If you are looking for a low-risk investment option, time deposits and structured deposits may be a good fit for you. With time deposits, you can earn a fixed interest rate over a set period of time. Structured deposits offer a higher potential return but come with a higher level of risk. With both options, you can choose the investment term that suits your needs and goals.
When considering any savings or investment product, it is important to ensure that it is suitable for your financial situation and goals. OCBC Premier Banking offers a range of products to suit different investment profiles, so you can be confident that you are making a sound financial decision.
Banking Services and Features
Are you looking for a comprehensive banking experience? OCBC Premier Banking offers a range of services and features to help you manage your wealth. Here are some of the benefits you can enjoy:
OCBC 360 Account Perks
With OCBC Premier Banking, you can enjoy exclusive perks with the OCBC 360 Account. This includes a higher interest rate of up to 1.2% p.a. on your account balance, as well as cashback on your credit card spend. Plus, you can enjoy free access to PayNow, a fast and secure way to transfer funds between bank accounts.
Foreign Currency Services
If you frequently travel overseas or make international transactions, OCBC Premier Banking has got you covered. You can enjoy preferential foreign exchange rates, as well as access to a range of foreign currency services such as telegraphic transfers and currency notes.
Exclusive Merchant Offers
As an OCBC Premier Banking customer, you can enjoy exclusive merchant offers and discounts on a range of products and services. This includes dining, shopping, travel, and more. Keep an eye out for the latest offers and promotions, and take advantage of these exclusive deals to save money and enjoy new experiences.
Overall, OCBC Premier Banking offers a range of banking services and features to help you manage your wealth. From the OCBC 360 Account perks to foreign currency services and exclusive merchant offers, you can enjoy a comprehensive banking experience that meets your needs.
OCBC Premier Cards
If you are looking for exclusive privileges and benefits, the OCBC Premier Cards are the perfect choice for you. These cards offer a range of benefits that are designed to make your banking experience more rewarding and convenient.
Voyage Card Benefits
The OCBC Premier Voyage Card is designed for those who love to travel. With this card, you can earn VOYAGE Miles and enjoy unparalleled rewards with no expiry or blackout periods. You can also enjoy dedicated concierge services from VOYAGE Exchange. The card offers a range of benefits, including:
- Unlimited access to over 1,000 airport lounges worldwide
- Complimentary travel insurance coverage of up to S$1 million
- Exclusive dining privileges at over 1,000 restaurants worldwide
- Priority check-in and boarding for selected airlines
Air Miles and Rewards
The OCBC Premier Cards offer a range of air miles and rewards that you can use to save money on your next trip. With the Premier Voyage Card, you can earn up to 1.6 VOYAGE Miles for every S$1 spent overseas and up to 1.3 VOYAGE Miles for every S$1 spent locally.
In addition to air miles, the OCBC Premier Cards also offer a range of rewards that you can use to save money on your everyday purchases. You can earn up to 10X OCBC$ for every S$1 spent on selected categories, including dining, petrol, and groceries.
To enjoy the benefits of the OCBC Premier Cards, you need to meet the minimum assets under management (AUM) requirement. The Premier Voyage Card requires a minimum AUM of S$200,000, while the Premier Banking Visa Infinite Card requires a minimum AUM of S$1 million.
Please note that fees and charges apply for the OCBC Premier Cards. For more information on the fees and charges, please refer to the OCBC website.
Terms and Conditions
If you’re considering OCBC Premier Banking, it’s essential to understand the terms and conditions that come with it. Here’s what you need to know:
Understanding the Fine Print
Before signing up for any financial product, it’s essential to read the terms and conditions carefully. With OCBC Premier Banking, you’ll need to meet specific eligibility criteria to qualify for the service. This includes maintaining a minimum deposit and investment balance with the bank.
It’s also worth noting that the terms and conditions may change from time to time. For instance, from 1 January 2024, the OCBC Premier Banking and OCBC Premier Private Client Terms and Conditions will be updated. Be sure to check for any updates regularly.
Promotional Offers and Eligibility
OCBC Premier Banking may offer promotional offers from time to time. To be eligible for these promotions, you’ll typically need to meet specific criteria, such as opening a new account or making a minimum deposit.
It’s essential to read the terms and conditions of any promotional offer carefully. For example, there may be a promotional period during which you need to make eligible transactions to qualify for the promotion. If you don’t meet the criteria, you won’t be eligible for the promotion.
In conclusion, understanding the terms and conditions of OCBC Premier Banking is crucial before signing up for the service. Make sure you read the fine print and keep an eye out for any promotional offers that may be available to you.
Additional Privileges
As an OCBC Premier Banking customer, you can enjoy a range of additional privileges that make your banking experience even more rewarding. Here are some of the key benefits you can expect:
Fee Waivers and Discounts
With OCBC Premier Banking, you can enjoy a range of fee waivers and discounts that help you save money on banking services. This includes waived annual fees on your credit cards, as well as discounts on selected banking services. For example, you can enjoy a 50% discount on safe deposit box rental fees, and a 20% discount on remittance fees when you transfer money overseas.
Priority Banking Services
As an OCBC Premier Banking customer, you’ll also enjoy priority banking services that help you get fast and efficient access to the banking services you need. This includes priority queuing at branches, as well as a dedicated Relationship Manager who can help you with all your banking needs. You’ll also have access to exclusive banking services, such as preferential rates on deposits and loans, and access to investment opportunities that are not available to other customers.
Overall, OCBC Premier Banking offers a range of additional privileges that make your banking experience more rewarding. Whether you’re looking for fee waivers and discounts, or fast and efficient banking services, OCBC Premier Banking has you covered. So why not sign up today and start enjoying the benefits of being an OCBC Premier Banking customer?
Legal and Regulatory Information
As with any banking relationship, there are important legal and regulatory considerations to keep in mind when working with OCBC Premier Banking. Here are some of the key areas to be aware of:
Contracts and Rights
When you sign up for OCBC Premier Banking, you will be entering into a contract with the bank. It is important to read and understand the terms and conditions of this contract, as it will outline your rights and obligations as a customer. Additionally, the Contracts (Rights of Third Parties) Act may apply to your relationship with the bank, which means that certain third parties may have rights under the contract as well.
Jurisdiction and Compliance
OCBC Premier Banking is subject to the laws and regulations of the jurisdictions in which it operates. This includes the courts of Singapore, which have non-exclusive jurisdiction over any disputes that may arise between you and the bank. It is important to understand and comply with all relevant laws and regulations, as failure to do so could result in legal and financial consequences.
In order to ensure compliance with these laws and regulations, OCBC Premier Banking has implemented a range of security measures and policies. For example, the bank performs data protection impact assessments, trains its staff regularly, and ensures that recipients of your Personal Data protect it through appropriate legal and technological controls.
Overall, understanding the legal and regulatory landscape of OCBC Premier Banking is an important part of getting the most out of your relationship with the bank. By taking the time to read and understand the terms and conditions of your contract, as well as the relevant laws and regulations, you can ensure that you are fully informed and able to make the best decisions for your financial future.
Frequently Asked Questions
What delightful perks can one enjoy with the OCBC Premier Voyage Card?
The OCBC Premier Voyage Card is an exclusive credit card that offers a range of benefits to its users. With this card, you can enjoy a host of travel-related benefits, including access to airport lounges, complimentary travel insurance coverage, and discounts on hotel bookings through Agoda. Additionally, you can earn Voyage Miles on all your spending, which can be redeemed for flights, hotel stays, and other travel-related expenses.
How does one qualify for the exclusive OCBC Premier private client status?
To qualify for OCBC Premier Private Client status, you must have a minimum of SGD 1.5 million in assets under management with OCBC Bank. This includes deposits, investments, and insurance policies. Once you meet this requirement, you will enjoy a range of exclusive benefits, including personalized financial advice, priority banking services, and access to exclusive events and promotions.
Could you enlighten me on the minimum balance required to maintain OCBC Premier status in Singapore?
To maintain your OCBC Premier status in Singapore, you must maintain a minimum balance of SGD 200,000 across your OCBC deposit accounts, investments, and insurance policies. This minimum balance requirement is subject to change, so it’s important to check with your OCBC Premier Relationship Manager for the latest information.
What sort of welcome gifts can new members expect from OCBC Premier Banking?
New members of OCBC Premier Banking can expect to receive welcome gifts in the form of cash credits when they sign up for a new account. The amount of cash credit you receive will depend on the amount of fresh funds you deposit into your new account. For example, you can receive SGD 400 in cash credit when you deposit a minimum of SGD 200,000 in fresh funds.
Could you reveal the access privileges to airport lounges granted by OCBC Premier Banking?
OCBC Premier Banking customers can enjoy complimentary access to airport lounges around the world through the Priority Pass programme. This programme gives you access to over 1,000 airport lounges in more than 130 countries. To enjoy this benefit, simply present your Priority Pass membership card at the lounge entrance.
Are there any advantageous fixed deposit rates exclusive to OCBC Premier Banking customers?
Yes, OCBC Premier Banking customers can enjoy preferential fixed deposit rates that are higher than the rates offered to regular customers. These rates are subject to change, so it’s important to check with your OCBC Premier Relationship Manager for the latest information.
