I did some tidying up and updated my "Which Bank" page with this entry. I am PB status with 3 local banks. Its not that hard to retain PB status even if your funds fall below the specified amount. It doesn't cost the bank much to maintain your PB status since the benefits are minimal and why wouldn't they want to retain HNWI customers?
Here's the entry:
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OCBC Premier Banking: Visa Infinite Lifetime fee waiver. Reasonably attractive Premier savings account (but as soon as I post this, they will probably nerf the interest rate). Dragon Pass 2 free visits a year.
UOB Privilege Banking: Visa Signature lifetime fee waiver. Good UNI$ to Krisflyer Miles conversion. (I'm still new at the miles game)
SCB Priority Banking: Visa Infinite no lifetime waiver, instead you receive an SMS every year that your fee has been waived. As my spend on the card dropped to $0, I was not confident that the fee will be waived so I cancelled it.
Priority Pass - I haven't bothered to ask for it since its supposed to be issued with the credit card which I have cancelled.
USD High Account with debit mastercard. Allows me to spend US$ online or when I visit the US. But not all places in US accept the card for some reason (i.e. I get declined/error with some merchants).
Most important feature is no minimum commission for stock trading. This makes it the 'best' PB of all the local banks for me.
FSM+ Diamond Tier: Not exactly a bank, but I treat the autosweep account as a savings account and park about $100k there since the interest rate is relatively attractive and the funds are immediately available for
stock trading.
FSMOne Black Debit Card. I'm not sure why they need to indicate the colour as part of the cardname, not as if Black is anything special (OCBC Premier even your ATM/Debit card is black...) but it is a useful way to spend excess cash in FSMOne without withdrawing. I think it allows you to spend only your S$, which is why I didn't bother to apply for the card.
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