I’ve been privileged/preferred banking customer for about 2 years now. I’ve shopped around the major banks in Singapore, and have a decent understanding of their services and charges. There are slight variations, but they sell essentially the same products and services. I have spent hours chatting with relationship managers (RMs) and understanding what is the value they bring. I thought this would be a decent time to share my thoughts on these services.
So are privileged banking and RMs worth your time and money?