UOB (United Overseas Bank) is a financial institution that offers various banking and financial products and services. Within their suite of offerings, they often have different tiers or levels of banking services, such as UOB Privilege Banking and UOB Priority Banking. Overview of the typical difference between UOB Privilege Banking and UOB Priority Banking based on their common features.
Minimum qualifying depositOf the two, Standard Chartered Priority has a lower barrier to entry. You can sign up just by depositing a minimum of S$200,000 in fresh funds. Meanwhile, UOB Privilege Banking requires you to maintain at least S$350,000 in deposits or investments with the bank to qualify.