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5 Best Private Banking Services in Singapore [2021]

September 24, 2021 by The Fun Empire Team

Private Banking Singapore

Private Banking Singapore
Private Banking Singapore

Choosing the best private banking service in Singapore is not an easy task. There are many factors to consider, including your needs and budget. We have narrowed it down to five of the most reputable services so you don't have to waste time researching on your own!

1. UOB Private Banking

Private Banking Singapore
UOB - Private Banking Singapore
Key FeaturesIdeal for serious investors
Travel perks and rewards
Innovative investment approach
Website https://www.uob.com.sg/
Eligibility S$5 million
Contact1800 222 2121

One of the most recognized banks in the world is United Overseas Bank (UOB). The bank provides attractive banking services to some of Singapore's wealthiest people, giving them a warm sense of Asian hospitality.

The three banking principles that underlie the UOB's investment strategy are Asset Allocation, Diversification, and Sustainability. If you're a serious investor, then you'll want to give its private banking services a try.

The complimentary consultation with senior client advisors on your investment portfolios is one of UOB's major private banking services. This makes UOB one of Singapore's leading private banks for long-term and experienced investors.

United Overseas Bank, on the other hand, doesn't disappoint in terms of perks. Clients are entitled to regular travel bonuses and discounts, in addition to usual private banking benefits.

Finally, UOB Private Banking is a premium service that is available to individuals with net assets of more than S$5 million. It has one of the most stringent requirements for a private bank in Singapore.

2. OCBC Premier Private Client

Private Banking Singapore
OCBC - Private Banking Singapore
Key FeaturesLower requirement of investable assets
Employs a team of experienced financial and wealth experts
Website https://www.ocbc.com/
Eligibility S$1 million and qualify as an accredited investor
Contact1800 424 8888

The OCBC Premier Private Client is well-known for housing some of the island's best financial experts, which covers a wide range of subjects from insurance to mortgages. It's one of the few private banks that frequently invites its teams of leading wealth management specialists to give private advice sessions.

OCBC Premier Private Client's wealth management team will keep you up to date on the latest market developments and unique investment ideas, allowing you to stay ahead of your money.

The OCBC Premier Private Client also contains an exclusive card called VOYAGE, which allows clients to enjoy a wide range of lifestyle and travel benefits. It's easily one of the finest private banks in Singapore.

In terms of assets requirements, OCBC Premier Private Client has one of the lightest investable asset minimums. Other private banks on the island might demand at least S$5 million, but OCBC simply requires interested individuals to possess at least S$1 million in assets and be an accredited investor.

3. Standard Chartered Priority Private

Private Banking Singapore
Standard Chartered - Private Banking Singapore
Key FeaturesMultiple travel privileges
Preferential rates
Access to accredited investors
Website https://www.sc.com/sg/priority/priority-private/
Eligibility S$1.5 million
Contact1800 472 2669

If you travel often, Standard Chartered Priority Private is the best bank for you. It offers a variety of incentives to make your travels more pleasant.

Firstly, you are entitled to concierge services at over 400 top-rated restaurants in different countries. You are also entitled to airport limousine service every year from airports.

Furthermore, you will be able to access over 1,000 airport lounge networks in more than 130 countries with no time limits. It's one of the few private banks that offers this many travel perks, making it a great choice for travelers.

Apart from the benefits, Standard Chartered Priority Private gives assistance in managing and increasing your assets to its clients. Every client is entitled to a team of professional relationship managers that will assist you with your investment and trade choices.

To qualify for the Standard Chartered Priority Private, financial institutions must have at least $1.5 million in deposits or assets.

4. HSBC Private Banking

Private Banking Singapore
HSBC - Private Banking Singapore
Key FeaturesStrong experience in family wealth management
Travel and lifestyle privileges
Global investment opportunities
Website https://www.hsbcprivatebank.com/
Eligibility USD$5 million
Contact1800 472 2669

If you're searching for the finest private banks in Singapore to assist you safeguard your loved ones' future, HSBC Private Banking is a good place to start. It's a private bank recognized for working with multinational families around the world and preserving their money.

HSBC Private Banking is one of the finest private banks in Singapore, owing to its skilled staff of financial experts in family governance, wealth succession, legacy planning, and wealth structuring. You may therefore be certain that your loved ones will be well cared for.

Besides those services, HSBC also connects you with additional trading and investment possibilities. In contrast to other private banks, it does not provide many incentives over rival institutions.

If you want to open an account with HSBC Private Banking, you must have at least $5 million in investable funds.

5. DBS Private Banking

Private Banking Singapore
DBS - Private Banking Singapore
Key FeaturesMultiple perks and benefits
Ideal for serious investors
24-hour trading online
Easy to use
Website https://www.dbs.com.sg/
Eligibility S$5 million
ContactFill up this form

DBS Private Banking is another excellent alternative for investors. Development Bank of Singapore (DBS) has shown that it can go above and beyond to satisfy all of its clients, which is why it's one of the most reputable banks in Singapore.

DBS Private Banking's investment services are tailored to your long-term financial objectives, which is one incentive. It has funds, equities, commodities, fixed income, and even treasury products available.

DBS Private Banking offers portfolio management, succession planning, liquidity planning, philanthropy, and even family legacy planning as part of its services.

DBS Private Banking also has a lengthy list of amenities and advantages. Some of these include limousine services, overseas schooling, hotel room upgrades, airport lounge access, and worldwide healthcare benefits.

You must have at least S$5 million in investable assets to open an account with DBS Private Banking.

Private Banking Singapore

In Singapore, private banking is a growing industry. There are many banks to choose from and each has its own benefits depending on the type of customer you want to cater towards. If your goal is stability with low risk for investments or if you need a bank that caters specifically to travelers, these 5 best private banking services in Singapore should have something for everyone!

If you enjoyed what you read, do consider our other articles!

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