Which Bank?

Which Bank should you Choose?

Rewritten for 2026 (SCB Priority Private added, FSM Autosweep explained)

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.

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 issue 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.

SCB Priority Private [2026 edit]: Lower 0.15% brokerage commission is the big attraction that saves you real money. 2 airport limo transfers per quarter, they use Teleport as their transport provider which has a decent booking portal. Priority Pass is linked to taking up their credit card so I opted out as I have no use for the card. 

FSM+ Diamond Tier: No 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. 

[2026 edit] Even though there is no Platform Fee for Diamond Tier, FSMOne charges a 'management fee' for autosweep account (over and above the underlying expense ratio)! Therefore, it's best to use Moneymarket funds as a savings account since there is no platform fee. I have to leave a little bit of cash in autosweep to fund my ETF RSP though.