8 Best Priority Banking Services & Privileges in the Philippines

Last Updated – May 12, 2021 @ 10:32 am

Banking nowadays is a lot easier and convenient thanks to the advent of online platforms and various third-party services that you can link to for more seamless transactions. 

But did you know that there’s an option to make your banking experience even better?

With Priority Banking, qualified clients can take advantage of exclusive perks and benefits not accessible on regular accounts.

These privileges include access to dedicated account managers, wider financial product selection, priority service — and a lot more.

What is Priority Banking?

Priority Banking is a VIP-style type of banking service offered to customers with a sizable amount of assets invested in the bank. 

If the bank deems that you’re a high net worth account holder, they can provide you with access to services and benefits not usually offered to regular clients.

Eligibility for priority banking varies with each bank, but the most common determinant is the customer’s total relationship balance (TRB). TRB represents a customer’s total assets or average monthly balance held in their bank account. 

In a nutshell, priority banking is an exclusive banking service provided to high net worth account holders. Under the program, they can have access to various benefits and privileges that are not offered to regular customers.


Features of Priority Banking?

From dedicated client representatives to access to a wider selection of products, priority banking provides a good amount of exclusive benefits worth taking advantage of if you are eligible.

Actual priority banking features will vary between banks but some of the most typical benefits include:

  • Designation of a dedicated client account representative who can serve as your main PoC for all your banking needs
  • VIP service area in branches so you don’t have to wait in line
  • Free at-par checkbooks and debit or credit cards 
  • Waiver of fees and charges on transactions and other products (stop payments, cheque returns, NEFT, etc.,)
  • Access to better pricing and rates on some services and products (savings, checking, time deposits, etc.,)
  • Better chances of getting approved for mortgages and loans (housing loans, car loans, etc.,)
  • Invitation to exclusive members-only clubs and events
  • Freebies, deals, and discounts not offered to regular account holders
  • Early notifications on special offerings and promos

How do you qualify for Priority Banking in the Philippines?

In most cases, an account holder’s total assets are the main consideration to be qualified for priority banking. If they meet the minimum Total Relationship Balance (or average daily balance on some banks) they can qualify for priority banking. 

The minimum required balance varies from one bank to the next and you may have to meet certain other criteria to qualify. Some banks may require a minimum TRB of 1 Million pesos or more to qualify but there are plenty of banks that require a lot less (check the list below for details).


Best Priority Banking Services in the Philippines

In this section, we’ll take a closer look at some of the best priority banking services available in the Philippines. Our goal is to give you a better idea of the features you can get from these types of services and how you can get them. 

1. Security Bank Gold Circle

Gold Circle is Security Bank’s priority banking service offered to its high-net-worth account holders. 

It is a product bundle that provides perks and privileges to bank customers that maintain higher account balances.

Perks and Benefits

  • Free ATM Withdrawals 
  • Zero Fees
  • Lower Interest Rates for Loans
  • Customer Advisor
  • Concierge Services
  • VIP Queue
  • Complimentary Checkbook
  • Higher Interest Rates for Time Deposits
  • Preferential rates for pre-qualified house, auto, and personal loans
  • Access to in-depth financial advice from SB financial experts
  • Preferential rates on Term Deposit products

Requirements:

  • Maintain minimum Total Relationship Balance of Php500,000 across CASA, Term Deposit, Trust, and Treasury products

How to apply for Security Bank Gold Circle

To apply for Security Bank Gold Circle, visit any branch and speak with a customer service advisor. An invitation letter will be provided containing the Terms and Conditions and waiver. The Digital Gold Circle Card will be sent to your email upon approval.


2. BPI Preferred

BPI Preferred allows qualified account holders to get access to personalized services, priority handling, and exclusive offers.

Perks and Benefits

  • Assistance from a dedicated Relationship Manager for all your banking needs
  • Priority handling via Preferred Consultation areas and special queues
  • 24/7 Phone banking
  • Preferred Privilege Card 
  • Ayala Rewards Circle
  • Visa Signature Credit Card 

Requirements:

To enjoy the privileges and benefits of the BPI Preferred Program, a client should have and should maintain the following eligibility criteria:

  • Minimum of Php500,000 Total Relationship Balance (TRB). TRB includes the client’s total funds in Deposits (Current and Savings accounts monthly average daily balance, and Time Deposits value) and Investments held in BPI or BPI Family Savings Bank.

How to apply for BPI Preferred

To apply for BPI Preferred, visit any BPI or BPI Family Savings Bank and speak with a customer service advisor. You can also call their 24-hour BPI Contact Center at ‎(+632) 889-10000 to inquire and request membership.


3. HSBC Premier

HSBC Premier offers priority service and support which includes exclusive rates and financial advice with a focus on international banking. Your Premier membership is automatically extended to family members (spouse and children) so they too can enjoy the special benefits and features.

Perks and Benefits

  • Access to a Premier Relationship Manager for all your banking needs
  • Priority service and support
  • Exclusive range of Premier rewards, offers, and partnerships
    • Premier Mastercard
    • Premier Wealth Insurance
    • Premier Wealth Investment
  • Premier status for you, your spouse, and your children
  • Overseas account opening support for loved ones moving abroad
  • Automatic Premier status in 29 markets around the world
  • A foreign currency account with preferential rates and no exchange fees

Requirements:

Interested parties should deposit an individual monthly income of at least PHP300,000 gross (or its foreign currency equivalent) into an HSBC account. Also, having a Total Relationship Balance of Php3,000,000 or more automatically qualifies them for HSBC Premier. TRB includes all your assets in savings, investments, or insurance.

How to apply for HSBC Premier

You can visit their website or send an email to apply and submit your personal information online. Alternatively, you can visit their nearest branch and speak with a customer service representative to apply.


4. Citi Priority

Citi Priority offers a suite of services and product offerings meant to help you achieve your wealth goals faster. Members enjoy personalized rates and services, which include financial planning advice, free global online bank transfers, and ATM withdrawals through any local ATMs and Citibank ATMs abroad. 

Perks and Benefits

  • Priority Service from a team of personal bankers
  • Convenient banking access via Citi Mobile App, Citi Alerts SMS, and Citibank Online
  • Access to priority financial service packages designed to suit your wealth journey through Citi Financial Services and Insurance (CFSI)
  • Free global online bank transfers and ATM withdrawals through Citibank
  • Access to exclusive privileges and cash credits through Citibank and CFSI

Requirements:

Your account should have and maintain a Total Relationship Balance of at least P1 million.

How to apply for Citi Priority

Citi account holders who meet the minimum TRB can automatically qualify for Citi Priority. Personal bankers will get in touch via phone and provide the required details for opening an account. 


5. RCBC Hexagon Club (Privilege and Prestige)

Hexagon Club is RCBC’s premier club for account holders who want to take advantage of RCBC’s premium banking service and special perks. As a member, you can get access to special benefits and features along with priority service whether you’re banking remotely or at a physical branch.

Perks and Benefits

  • Dedicated Business Relationship Manager
  • Access to Priority Service
  • Free Life Insurance Coverage
  • Free ATM card insurance
  • Free-for-Life RCBC Bankard Hexagon Club Platinum Mastercard Credit Card
  • 1 Free Checkbook and Manager’s Check per year
  • No Withdrawal Fee in any Bancnet ATM^
  • Waived Inter-regional and Inter-branch Fees
  • 1 Free Bank Certification and 5 Free Bank Statements per year
  • Special Rates on Forex
  • Preferential rates on Peso Time Deposit accounts
  • Preferential rates for RCBC business loans
  • Access to exclusive RCBC Investment Options
  • Waiver of SME Loan Appraisal Fee
  • Access to Exclusive Events and Promos
  • Perks from Partner Merchants
  • Exclusive Gifts

Requirements:

Interested parties must maintain a total average daily balance (ADB) of at least P100,000  in their RCBC savings and checking account/s to qualify and maintain RCBC Hexagon Club membership.

How to apply for RCBC Hexagon Club

Simply visit the nearest RCBC branch in your location or request a call by filling out this form on the RCBC website.


6. MayBank Premier Wealth

Maybank Premier Wealth is a personalized banking service with a focus on giving its members priority service and access to a specialized suite of product offerings, benefits, and privileges.

Perks and Benefits

  • A Dedicated Relationship Manager
  • Customized Wealth Solutions based on the understanding of the client’s investment risk profile, knowledge and experience, product suitability, and portfolio management.
  • Access to preferential Peso Time Deposit rates, waivers and/or discounts on select transactional fees, and access to Premier centers and lounges.
  • Lifestyle Privileges made available through the Visa Infinite Credit Card, such as, but not limited to, complimentary airport lounge access, concierge service, travel
  • protection.

Requirements:

To become part of Maybank Premier Wealth, you must maintain either of the following:

  • A minimum of Php 3 Million in Investable Assets or IA (IA is the sum of your Total Deposits and Total Trust Investments).

How to apply for Maybank Premier Wealth

Complete their Premier Enrollment form online and either submit it in one of their branches or get in touch with them via email for further assistance.


7. Bank of Commerce Priority Access

Bank of Commerce Priority Access Program is an exclusive membership program that provides qualified access to privileged services, personalized banking, and exclusive benefits that suit their lifestyle.

Perks and Benefits

  • Access to a Dedicated Relationship Manager (RM)
  • Full access to Branch officers at any Bank of Commerce branch
  • Automatic issuance of a special Priority Access-labeled Card
  • Exclusive deals and promotional offers from our partner establishments
  • Higher withdrawal limit (Php500,000) with your Priority Access Platinum Debit Card along with other perks like:
    • Free Annual Membership Fee
    • 50% Cash Advance Limit
    • Low Monthly Interest Rate of 2.5%

Requirements:

  • To become a Priority Access client, you must maintain at all times a minimum required Current & Savings Deposit Average Daily Balance (ADB) of P500,000.00 or P10MM total business relationship (TBR) with the Bank.

How to apply for Bank of Commerce Priority Access

Visit the nearest Bank of Commerce branches and speak with a customer service representative to apply for Priority Access membership.


8. PNB Priority Checking

PNB Priority Checking is a special checking account that earns at a regular savings rate. In general, checking accounts have very minimal interest rates so having increased rates comparable to a savings account makes it a more versatile option over regular checking accounts.

Perks and Benefits

  • VIP Checkbook
  • PNB-PAL Mabuhay Miles Priority Debit Mastercard
  • Passbook
  • Special priority accommodation on branch transactions

Requirements

To qualify for a PNB Priority Checking Account, you should make an initial deposit of Php25,000 and have a maintaining balance of Php25,000. The interest rate is 0.100% per annum. 

How to apply for a PNB Priority Checking Account

To apply for a PNB Priority Checking account, download and fill out the form then submit it in one of their branches along with other requirements (2 government-issued valid IDs and initial deposit of Php25,000).

About Amiel Pineda

Amiel Pineda is the Head of Content at Grit PH. Prior to freelancing full-time, he worked in the financial services industry for nearly a decade. He also writes on his personal blog, Homebased Pinoy, where he shares tips and guides as a work-from-home freelancer.

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  1. says

    1. Checking account services: a checking account means that you may have no minimum balance requirement and enjoy free check orders of 500 checks every 12 months;
    2. Savings account services: while there is a low yield rate, this savings account will give you the privilege of accessing your funds with our easy to use ATM card or through online banking at any time, any day of the year;
    3. CD (Certificate of Deposit) service : many banks offer CDs for up to 5 years which can provide a higher return on your investment than traditional investing methods and give the added convenience of knowing exactly what interest rate you’ll be getting without risking investment performance by moving money around yourself.

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