You Need RM500k Deposit or Investments to Be a Client at This Fancy UOB Malaysia Bank in Penang

If you’ve driven along Kelawei Road in Penang during a visit recently or if you’re a Penangite, you may have noticed a grand grey mansion along the area which is known for its exorbitant real estate prices and wealthy residents.

While ordinary folks like us are content with having a bank account just to manage our rent each month, well-to-do people are generally more concerned about how to maximise their savings and invest strategically.

To cater to the affluent set, UOB Malaysia recently held a grand opening of its UOB Privilege Banking Centre which is the flagship branch for wealth management services in the northern region.

To qualify for UOB Privilege Banking, clients need to maintain a minimum balance of RM500,000 in deposits and/or investments with the Bank *cries in poor*.

The classic colonial look of the building which was built in the 1950s has still been maintained but the inside of the building was given a fresh new interior using modern designs. An extension was also built adjoining the original building that shows a progression from the classic to the contemporary. The bank enlisted the services of Quill Design, who also worked on the Rolls-Royce Motor Cars Kuala Lumpur showroom and DHL centres.

If you’re wondering how UOB Privilege Banking actually differs from normal banking services, there are quite a few perks that come along with signing up.

If you’re a peasant like us who is used to pressing the machine to receive a waiting number, things are on the next level here. A person of means will receive special attention from a team of Client Advisors who are specially trained to manage wealth in a personalised approach with a certification customised for UOB Malaysia and taught by Nottingham University.

On top of that, they will have access to the services of dedicated Product Specialists, experienced in their respective fields to advise everything from investing in bonds, currencies, and unit trusts, to insuring assets and purchasing properties to suit customers' personal and business needs.

This must be for people like Kris Jenner has so many properties that she forgot she owned a Beverly Hills condo. We can’t relate!

Other benefits include an inside look into the financial world with special dialogue sessions as well as events and seminars.

For those who have children, UOB Malaysia partners with educational institutions abroad to offer special privileges and exclusive benefits.

We hope that one day we’ll be able to open an account at this gorgeous bank too! If you can't yet, there's always the regular UOB building next door to help you grow your wealth.