Qualifying for private banking depends largely on your investable assets. Most banks set a minimum threshold between SGD 1 million and SGD 5 million.

Applicants typically need to pass rigorous KYC checks and provide detailed documentation on source of funds, business background, and investment goals. Some institutions offer tiered entry through priority banking before full private banking access.

Once qualified, clients gain access to tailored products, offshore structuring, and a dedicated advisory team.

FAQs:

Q: Can startup founders or crypto investors qualify?

A: Yes, but banks may ask for more documentation due to non-traditional income sources.

User Comments:

  • “It took us two months to clear compliance, but the benefits are real.”
  • “Starting from premier banking helped us gradually move into the private segment.”

Editor’s Note:

Private banking is selective—but for those who qualify, the benefits extend far beyond investment returns.

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Sophia Tan

About the Author

Marks Toms – Editor-in-Chief
Marks oversees editorial policy, compliance, and fact-checking at bankaccountsopen. Read more articles

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.