5 Best Banks for Private Banking in Malaysia

Best Private Banking in Malaysia

Source: Emre Aliriz via Unsplash

By Amber Yeoh

So you’re probably holding a huge amount of money and don’t know what to do with it next. Do you keep it in the bank or invest it? Luckily, the banks for the best private banking in Malaysia can help you do both.

Don’t worry if you have little to no knowledge of what private banks can do. This list below of the banks for the best private banking in Malaysia may be able to enlighten you.

1.  Maybank Private Banking Account

Maybank Private Banking Account's Homepage
Source: Maybank2u
BEST FOR: Bank account with insurance coverage
PRODUCTS: https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/accounts/current/private_banking_account.page?
WEBSITE: https://www.maybank2u.com.my/
ADDRESS: Find the branch nearest to you at https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/about_us/locate_maybank.page?
CONTACT DETAILS: (Malaysia) 1-300 88 6688; (Overseas)+603-7844 3696; [email protected]
OPERATING HOURS: Mon to Thurs 8:45am-5:45pm Fri 8:45am-4:45pm

For individuals who want high interest rates and impressive exclusive privileges, Maybank’s Private Banking Account is an account for the best privilege banking in Malaysia.

Aside from competitive, higher-tiered interest rates, it comes with a free personal accident insurance coverage amounting up to RM50,000 and free accident-related medical coverage of up to RM3,000.

It also offers its users a convenient banking experience with an exclusive Premier Wealth cheque book and a private banking recognition card in the form of the Maybank Premier Wealth Debit Card.

Frequent travelers would also appreciate the easy access to Maybank Premier Wealth Services and Centres nationwide plus access to MEPS ATMs nationwide and CIRRUS networks worldwide.

On top of all these, this best private banking in Malaysia comes with a concierge service to make your bank appointments hassle-free.

Highlights

  • Higher-tiered interest rates
  • Free personal accident insurance
  • Free accident-related medical coverage
  • Concierge service

2.  OCBC Premier Private Client

OCBC Premier Private Client's Homepage
Source: OCBC Bank
BEST FOR: Access to exclusive events
PRODUCTS: https://www.ocbc.com.my/personal-banking/premier-private-client/
WEBSITE: https://www.ocbc.com.my/
ADDRESS: Find the branch nearest to you at https://www.ocbc.com.my/personal-banking/premier-private-client/locations/index.html
CONTACT DETAILS: 03 8315 4288

OCBC Bank is one of the banks for the best privilege banking in Malaysia, with its Premier Private Client programme. It opens doors to greater wealth as well as exciting, high-end privileges.

This option for the best private banking in Malaysia helps you maximise your wealth with exclusive access to investments that are tailored for you. It even comes with custom wealth solutions that include wealth and credit products, business banking solutions, and wealth planning.

Its most exciting perks, however, are that investors may be invited to exclusive events and even get preferential service across Asia.

As this programme is exclusive to high-net-worth individuals, your net personal assets’ value must exceed RM3 million, your gross income in the last year must be RM300,000 or more, or your joint gross income with your spouse in the past year must be RM400,000 or more.

Highlights

  • Exclusive access to investments
  • Comes with weather and credit products, business banking solutions, and wealth planning
  • Be invited to exclusive events
  • Get preferential service across Asia
  • For high-net-worth individuals

3.  UOB Private Bank

UOB Private Bank's Homepage
Source: UOB
BEST FOR: Advisory
PRODUCTS: https://www.uob.com.my/private/en/products-research.html
WEBSITE: https://www.uob.com.my/
ADDRESS: Level 1, Bangunan Bangsaria 45E, Jalan Maarof, Bangsar Baru 59100 Kuala Lumpur
CONTACT DETAILS: +60 3 2632 5000

As one of the banks for the best privilege banking in Malaysia, UOB Private Bank aims to meet your personal and corporate wealth needs.

Besides providing you with the basic day-to-day banking services, this establishment offering the best private banking in Malaysia also offers credit solutions to help you achieve your financial goals, such as residential and commercial property loans.

At the same time, the staff at UOB will work closely with you to secure your wealth to last many generations. They have a multi-disciplinary advisory desk that advises on bonds, unit trust, private equity, and structured products as well as dual-currency investments.

This bank for the best private banking in Malaysia is truly for people who are aggressively looking for ways to secure their finances.

Highlights

  • Day-to-day banking services
  • Credit solutions
  • Multidisciplinary advisory desk that advises on bonds, unit trust, etc.

4.  HSBC Private Banking

HSBC Private Bank's Homepage
Source: HSBC Private Bank
BEST FOR: Comprehensive wealth management services
PRODUCTS: https://www.hsbcprivatebank.com/en
WEBSITE: https://www.hsbcprivatebank.com/en
CONTACT DETAILS: Submit your details at https://www.hsbcprivatebank.com/en/about-us/contact-us

What makes HSBC Private Banking the best privilege banking in Malaysia is that it connects clients to opportunities to grow their wealth.

This best private banking in Malaysia provides not only banking services but also lending services for individuals, families, and businesses. Plus, it introduces global investment opportunities for its clients.

The best thing about this private bank, however, is that it helps with wealth management, whether you wish to grow, manage, or preserve your wealth. They also assist in concerns, from family business governance, to succession planning, to helping you with your philanthropy.

Highlights

  • Lending services for individuals, families, and businesses
  • Introduces global investment opportunities
  • Wealth management
  • Helps in family business governance, succession planning, and philanthropy

5.  Citi Private Bank

Citi Private Bank's Homepage
Source: Citi Private Bank
BEST FOR: Unique services
PRODUCTS: https://www.privatebank.citibank.com/
WEBSITE: https://www.privatebank.citibank.com/
CONTACT DETAILS: Submit your details at https://www.privatebank.citibank.com/

Citi Private Bank offers a variety of services to a wide range of clientele, which includes wealthy individuals, professional investors, family offices, lawyers, and law firms.

They cover private banking basics such as banking services, global investments, trust and wealth planning as well as succession planning. However, this bank for the best privilege banking in Malaysia also offers unique services.

For example, their experts also guide clients through the world of art, advising them which pieces to acquire that would increase value in the future. Their aircraft specialists can also advise you on which aircraft to purchase to save money on your travels.

These are only two of the services we love from this option for the best privilege banking in Malaysia. They’re services most other banks do not have!

Highlights

  • Wide range of clientele
  • Banking services, global investments, trust and wealth planning, and succession planning
  • Unique services such as art advisory and aircraft finance

With one of these banks for the best private banking in Malaysia, you will be able to grow your wealth conveniently with many added benefits.

If you also happen to be looking for the best balance transfers in Malaysia for your outstanding debt, check out our list of the best balance transfers in Malaysia.

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