Many retail clients confuse priority banking with private banking. The distinction lies in entry thresholds, services, and investment access.



Priority banking typically requires deposits of SGD 200,000–350,000 and offers enhanced retail services such as preferential loan rates, personal bankers, and bundled insurance products. Private banking, however, is reserved for individuals with SGD 1–5 million in investable assets, offering bespoke investment strategies, global products, and estate planning.

Private banking clients also gain access to hedge funds, structured derivatives, and exclusive private equity deals. They receive global concierge services, dedicated research, and multi-family office-style advisory.

While priority banking bridges the gap between mass affluent and HNWI segments, private banking remains a separate tier altogether, reflecting exclusivity and bespoke wealth management.

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Sophia Tan

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Marks Toms – Editor-in-Chief
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Disclaimer:The BankOpen Singapore Editorial Team consists of financial analysts, banking industry professionals, and experienced writers. We are dedicated to providing accurate, up-to-date, and practical insights to help readers navigate Singapore’s banking landscape and make informed financial decisions. The information provided in this article is for general informational purposes only and does not constitute financial, investment, or legal advice. Always consult with a qualified professional before making any banking or investment decisions.