THE RE ’S MO RE TO W E ALTH THAN MO NE Y AL O NE .
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Welcome to UOB Privilege Reserve Live life on a different level in the world of Privilege Reserve. It’s a world where your dreams, priorities, relationships and way of life take centre stage. A world where true wealth is not measured by mere numbers, but in the richness of ties and the abundance of choices. Where preferential treatment is a way of life. The world of Privilege Reserve is the world of Privilege Living. Welcome.
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W EALTH A DVISORY Reserved for the privileged At UOB Privilege Reserve, we place the utmost priority on helping you achieve your financial goals. That’s why we have designed the UOB Client Engagement Journey to constantly engage you in meaningful discussions about your evolving requirements. We’ve even created a customised tool to help us optimise your portfolio allocation according to your profile.
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WEALTH ADVISORY
Senior Client Advisory Team When it comes to taking care of your money, we will only put our Senior Client Advisors in charge. These are top professionals who have been specially handpicked based on their in-depth wealth management knowledge garnered through years of experience. Under an exclusive UOB-Singapore Management University (SMU) programme, our Senior Client Advisors will be equipped with in-depth wealth management knowledge to attend to all your financial needs. Our Senior Client Advisors are well placed to provide you with personalised advice and solutions to potentially help you meet your financial objectives. Beyond helping you achieve your financial goals, they are also committed to building a meaningful and long-lasting relationship with you. Product Specialists Supporting our Senior Client Advisors is a team of dedicated Product Specialists and Portfolio Counsellors who are experienced in their respective fields. All you need to do is tap on their expertise and you’ll get the latest market strategies for your personalised portfolio. • I nvestment and Treasury Specialists for investment solutions such as bonds, currencies and unit trusts. • Insurance Specialists for insurance advice to help ensure that your retirement years and loved ones are protected, giving you peace of mind to lead the privileged life. • L ending Specialists for optimal loan solutions that suit your business and personal needs.
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WEALTH ADVISORY
UOB Wealth Planning Approach
To maximise your portfolio returns and financial investments, you can also use our proprietary Portfolio Planner Tracker1 programme – a system that specialises in setting out your diverse portfolio for easy management. While it is important to potentially achieve portfolio gains, we believe it is equally important to adopt a robust approach in managing risk, and at the same time provide you with the flexibility and agility to adjust your portfolio, according to market conditions. This Portfolio Planner Tracker adopts a three-tier approach, allowing you to set aside cash reserves while capitalising on both long-term and short-term investment opportunities to achieve your financial goals.
This Portfolio Planner Tracker programme is not an offer, recommendation, solicitation or advice to buy or sell any investment product. The information in the Portfolio Planner Tracker is given on a general basis without obligation and is strictly for information only. Although every reasonable care has been taken to ensure the accuracy and objectivity of the information contained in the Portfolio Planner Tracker, we shall not be held liable for any error, inaccuracy, and/or omission, howsoever caused, or for any decision or action taken or based on views expressed or information in the Portfolio Planner Tracker. Nothing in the Portfolio Planner Tracker constitutes accounting, legal, regulatory, tax, financial or other advice. The information in the Portfolio Planner Tracker has no regard to the specific objectives, financial situation and particular needs of any specific person. You should consult your own professional advisors before acting on the information in the Portfolio Planner Tracker or investing in any investment product.
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WEALTH ADVISORY
Trust Account
To protect the wealth you’ve built up over the years, we can provide estate planning services. A trust can be set up to ensure that your assets are well protected and transferred seamlessly to the next generation according to your wishes. A trust is a legal arrangement where the owner (settler) of the asset transfers the legal ownership to another (the trustee) for the benefit of other person(s) (the beneficiary(ies)). It offers you the following benefits:
Succession planning and continuing your legacy A trust can be set up to accumulate your family’s assets and distribute them as you wish. You need not worry that the assets you’ve accumulated over a lifetime will dissipate. Asset protection During an economic downturn, lawsuits are common in certain professions, potentially leading to claims from creditors. Assets transferred to a trust may provide protection against such claims and risks. Confidentiality A trust is a private arrangement between the settler and the trustee where details of the trust, its beneficiaries and assets are kept confidential. Tax planning Your beneficiary will get the income and capital gains generated by your trust assets. Best of all, trust income usually enjoy tax exemption.
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WEALTH ADVISORY
Home Financial Services
At UOB Privilege Reserve, we can provide you with the resources to help you build a profitable property portfolio. For a start, we can tailor a mortgage solution that will best meet your requirements. You can also enjoy exclusive invitations to private previews at selected property launches, and take advantage of perks like access to choice units and preferential rates whenever applicable.
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WEALTH ADVISORY
Market Insights
We believe in keeping you abreast of the latest market trends and insights. This is why we’ve created Privilege Insights and Privilege Conversations. Privilege Insights is a weekly insider view of the financial world packed with latest tips and strategies from our analysts. At Privilege Reserve, we believe in constant interaction and engagements pave the way for long and rewarding relationships. Privilege Conversations, a series of special dialogue sessions, financial events and seminars, creates the opportunity for you to get first-hand advice and tips from our expert speakers. Both Privilege Insights and Privilege Conversations are part of our constant effort to engage you and keep our relationship alive.
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WEALTH ADVISORY
Privilege International
Wealth doesn’t reside within borders. Investment opportunities can arise anywhere and when such an opportunity presents itself, you’ll need a partner with the knowledge and experience to help you make the most of it. A partner who will assist you in growing your wealth regionally. Grow with us, and your wealth grows with you. If you’re looking to diversify your wealth and financial assets beyond your shores, Privilege International can be your preferred partner for all your banking needs. Not only do we have a significant and reputable presence in the region, our Senior Client Advisors are equipped with regional knowledge and experience to help fulfil your financial goals in your country of residence. What’s more, you can also take advantage of easy access to your Singapore-based accounts via remote instruction and our ATM network in Asia. You may also stand to benefit from the various features of Singapore’s dynamic financial landscape when you invest through us. The benefits include: • Pro-investment tax framework • Robust and well-regulated market • Access to the latest financial innovations
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W EALTH P RODUCTS A selection for the privileged few As a Privilege Reserve client, your financial needs are probably more complex than most. That’s why we’ve prepared a wide array of wealth products to cater to your preferences and profile.
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WEALTH PRODUCTS
Wealth Accumulation You can build your wealth through investment products of various tenures. Shortterm investments enable you to potentially capitalise on market opportunities, while long-term investments help stabilise your portfolio through diversification. 1
FX Margin Trading Take advantage of leveraged foreign exchange trading through FX Margin Trading. 1
MaxiYield This dual currency-linked investment lets you participate in foreign exchange movements. Enjoy a choice of currency pairs from nine major currencies. 1
Equity-Linked Structure Investors can potentially capitalise on share price movements through equity-linked structures. Investment can be made in equities across global markets. 1
Structured Deposit With structured deposits, your principal is guaranteed if you hold your investment to maturity. There’s also the potential for earning higher interest rates. Interest may be fixed or variable, with periodic payouts, usually at the end of each year. 1
Unit Trust Unit trusts are one of the ways to diversify your investments. These are collective investments managed by various third party fund houses, including UOB Asset Management. From our wide range of available funds, you can choose the funds with the volatility that suits your investment objectives, financial situation, particular needs and risk appetite. 1
Bond A way to diversify your portfolio, these debt instruments come with a triple A credit rating from the Monetary Authority of Singapore. Besides getting the guaranteed principal payment at full face value on maturity, you’ll be receiving interest payouts every six months throughout the entire tenure of the bond.
This is strictly for information only and shall not be transmitted, disclosed, copied or relied upon by any person for whatever purpose. This is not an offer, recommendation, solicitation or advice to buy or sell any investment product. Any description of investment products is qualified in its entirety by the terms and conditions of the investment product and if applicable, the prospectus or constituting document of the investment product. Nothing in this document constitute accounting, legal, regulatory, tax financial or other advice. You should consult your own professional advisors about issue herein. A structured deposit is not an insured deposit for the purpose of Deposit Insurance and Policy Owners’ Protection Schemes Act 2011 of Singapore.
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WEALTH PRODUCTS
Wealth Preservation Liquid assets are lower in risk and can be converted quickly and easily into cash. They help to maintain liquidity in your portfolio, laying the foundation for you to build and manage your wealth. High Yield Account Reserved only for UOB Privilege Reserve clients like yourself, the High Yield Account is our way of acknowledging your total banking relationship1 with us. This exclusive savings and chequing account rewards you with much higher interest rates than the average account. Premium interest rates, accorded to your High Yield Account, are based on the total value of your deposits and investments with us. The more deposits and investments with UOB, the higher the interest rate you’ll enjoy on your High Yield Account. Global Currency Premium Account The Global Currency Premium Account provides you the option of having a savings account in major foreign currencies: the US Dollar, Australian Dollar, New Zealand Dollar, Euro, British Pound and Chinese Renminbi (Offshore). You’ll earn higher interest rates on your balances of $50,000 and above, in the respective foreign currency. 2
Singapore Dollar or Foreign Currency Fixed Deposits The Singapore Dollar or Foreign Currency Fixed Deposits offer you higher interest rates. There’s a wide range of tenures and up to ten foreign currencies to choose from. With your Singapore Dollar fixed deposit, you’ll get an automatic overdraft facility that is linked to your i-Account. You’ll also have the option to use your Foreign Currency Fixed Deposit as collateral for an overdraft in foreign currencies, loans or other credit facilities.
Total banking relationship refers to deposits and investments including savings, current and fixed deposits accounts, structured deposits, unit trusts, securities, bonds and notes (or such other deposits and investments as UOB may decide from time to time), but excludes shares trading accounts, linked to the UOB High Yield Account.
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Singapore dollar deposits listed in the UOB/FEB Insured Deposits Register will be insured subject to the terms and up to the limits specified in the Deposits Insurance and Policy Owners’ Protection Schemes Act 2011. 2
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WEALTH PRODUCTS
Wealth Protection and Legacy Planning
Protection and legacy planning involves protecting the wealth you’ve built up. This includes planning for your retirement as well as ensuring adequate insurance coverage for your loved ones. 1
PRUUniversal Vantage PRUUniversal Vantage is a single premium, whole life insurance policy that offers death and accelerated terminal illness benefits. It may be an ideal estate planning tool that can double up as a conservative investment tool. On top of the protection this product offers, you’ll also enjoy a minimum guaranteed interest rate.
PruUniversal Vantage is underwritten by Prudential Assurance Company (Singapore) Pte Ltd. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value (if any) may be less than the total premiums paid. This is not a contract of assurance. Acceptance of proposal is subject to underwriting. The precise terms and conditions of this assurance plan are specified in the policy. The above is for your information only and does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You may wish to seek advice from a qualified financial advisor before making this purchase. In the event that you choose not to seek advice from a qualified financial advisor, you should consider whether this product is suitable for you.
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WEALTH PRODUCTS
Financing Solutions
Purchasing certain assets can involve a huge sum of money. Our financing solutions make it easy for you to own the assets that you’ve been eyeing. Home Financial Services Whether you’re buying a new or resale property, or refinancing your current property, you’ll enjoy competitive interest rates with our private home loans. Loans of up to 80% of the purchase price or value of the property (whichever is lower) can be provided. We offer a wide range of home loan packages and flexible financing features such as constant monthly instalment, Homeplus (deposit matching account) that will help you to better manage your finances. Home Construction Loan We provide loans to finance the construction of your new home or the reconstruction, addition or alteration of an existing property at competitive rates. You can borrow up to 80% depending on your home construction needs. We also offer repayment instalment plan options. International Home Loan If you’re looking to buy a property in Singapore, Malaysia, Thailand, China or London, take advantage of our international home loans. Tap on our regional presence and expertise to own your overseas dream home. Our home financing team can provide advice on the local regulatory requirement and tailor a home loan to suit your needs. Property Equity Financing Tap into the appreciated value of your residential or commercial property. Enjoy extra credit facilities when you mortgage your property as collateral.
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WEALTH PRODUCTS
Leverage Products
Leveraging involves multiplying the value of your assets. This opens up a whole world of opportunities for you to take advantage of. Share Financing Pledge your stocks, shares or cash as collateral and enjoy credit facilities of up to 2.85 times their value. Trading can be done through any stockbroker of your choice. You’ll also receive monthly statements on your UOB Share Financing Account. Currency Deposit Leverage Facility You’ll have the flexibility to invest in various foreign currency denominated products. Secured Overdraft Gain access to extra credit facilities by pledging your assets as collateral. These can include fixed deposits, structured deposits, approved stocks and shares, approved unit trusts and gold certificates. You can borrow up to 100% of your asset’s value at a low interest rate.
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P RIVILEGE R ESERVE B ENEFITS The privileged life awaits Preferential treatment attains a new height for those with the Privilege Reserve status. From concierge services and priority banking, to luxury cruises and exclusive invites, you can look forward to a wealth of privileges that will exceed your expectations.
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PRIVILEGE RESERVE BENEFITS
Banyan Tree Hotels & Resorts
Give your senses a treat. Rejuvenate your body, mind and soul at the awardwinning Banyan Tree Hotels & Resorts. Known for its signature blend of romance, rejuvenation and exotic sensuality, Banyan Tree Hotels & Resorts offers an experience that’s worth reminiscing about, a true Sanctuary for the Senses. Placing special emphasis on providing guests with a sense of place, each Banyan Tree property is designed to fit into its natural surroundings, using indigenous materials as far as possible and reflecting the unique identity of the destination. The brand takes its name from the tropical banyan tree, which for centuries has been a symbol of sanctuary under which one finds peace of mind and internal harmony – the same elements upon which Banyan Tree Hotels and Resorts has flourished. Enjoy five complimentary nights at any of the Banyan Tree Hotels & Resorts in Bangkok, Hangzhou, Lijiang, Phuket, Ringha, Seoul and Ungasan. To make your bookings now, call the Privilege Concierge at 1800 222 9889 (Singapore) or +65 6222 9889 (Overseas).
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PRIVILEGE RESERVE BENEFITS
PRIVILEGE RESERVE BENEFITS
Banyan Tree Bangkok Banyan Tree Phuket
Banyan Tree Hangzhou Banyan Tree Lijiang Banyan Tree Ringha
In the sprawling metropolitan that is Bangkok, Banyan Tree offers a sanctuary for the senses with unparalleled panoramic cityscapes, elegantly decorated guest rooms and renowned service, along with integrated spa facilities.
Enveloped in lush greenery and calm waters, Banyan Tree Hangzhou offers Hangzhou’s most spacious accommodations and gives an authentic sense of place and priceless tranquility.
An island paradise of golden sunsets and perfect moments, Phuket offers fine beaches, turquoise seas and warm sunny weather. Discover the romance and beauty of this island with Banyan Tree Phuket. It is the destination you have always dreamed off and one that you will never forget.
Breathtaking views of the majestic Jade Dragon Snow Mountain and magnificent glaciers make up the idyllic sanctuary that is Banyan Tree Lijiang. Nestled within the ancient capital of Naxi Kingdom, Lijiang is also known as “Venice of the Orient” – a UNESCO World Heritage Site complete with a dizzying array of water canals, quaint bridges and cobble-stoned streets.
To make your bookings now, call the Privilege Concierge at 1800 222 9889 (Singapore) or +65 6222 9889 (Overseas).
One of the most secluded hideaways in the world, Banyan Tree Ringha is a gem hidden in a Tibetan valley. Perched 3,200m above sea level and surrounded by magnificent snow capped mountains, the resort offers spectacular views of the awe-inspiring peaks and majestic landscapes. To make your bookings now, call the Privilege Concierge at 1800 222 9889 (Singapore) or +65 6222 9889 (Overseas).
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PRIVILEGE RESERVE BENEFITS
PRIVILEGE RESERVE BENEFITS
Banyan Tree Seoul
Banyan Tree Ungasan
Overlooking picturesque Mt. Namsan, Banyan Tree Club & Spa Seoul offers respite from the hustle and bustle of city life. With wraparound views of Seoul, the limpid Han River and the lush greenery of Namsan Park, this urban oasis offers a sanctuary for the senses in the heart of one of the world’s most exciting cities.
With unrivalled panoramic views of the Indian Ocean, Banyan Tree Ungasan, Bali presents the ideal Bali experience for the worldly traveller. With pristine beaches, shimmering waters of the Indian Ocean and golden sunshine, Banyan Tree Ungasan is the ultimate cliff top retreat.
Simply relax with family and friends amidst the serenity, greenery and natural beauty of Mt. Namsan at Banyan Tree Club & Spa Seoul.
Echoing the tranquillity of its cliff top setting, Banyan Tree Ungasan’s stunning pool villas poised majestically on Bali’s southernmost cliffs boast of contemporary Balinese architecture and style. Luxuriate in the plush interiors, meditate in the traditional outdoor Balinese balé, or dive into the infinity pool or jet pool and submerge yourself in total relaxation.
To make your bookings now, call the Privilege Concierge at 1800 222 9889 (Singapore) or +65 6222 9889 (Overseas).
To make your bookings now, call the Privilege Concierge at 1800 222 9889 (Singapore) or +65 6222 9889 (Overseas).
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PRIVILEGE RESERVE BENEFITS
Bulgari Hotels & Resorts, Bali
The Bulgari Resort, Bali, uniquely positioned at more than 150 metres above the sea shore, offers unrivalled views across the Indian Ocean. Nestled between the cliff and the ocean, a 1.5 kilometre long beach is accessible only through the resort’s inclined elevator. The three key elements that distinguish the Bulgari Resort in Bali are its unique location, the blend of traditional Balinese style with dramatic contemporary Italian design, and the variety of services that have all been crafted with the same attention to quality that has always distinguished Bulgari creations. The resort consists of 59 ocean-view villas, including 3 two-bedroom villas and the 1,300-sq.metre Bulgari Villa. All accommodations offer a plunge pool and patio with secluded tropical garden, high technology features and an extensive range of amenities. More than 250 employees deliver a highly personalized and discreet service, while butlers anticipate guest needs to offer the utmost luxury experience. Enjoy one complimentary night at Bulgari Hotels & Resorts, Bali. To make your bookings now, call the Privilege Concierge at 1800 222 9889 (Singapore) or +65 6222 9889 (Overseas).
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PRIVILEGE RESERVE BENEFITS
Privilege Reserve Yacht
Sail in style on our very own dedicated Privilege Reserve Yacht. Enjoy unprecedented levels of luxurious cruising onboard the Princess V62. This pleasure craft is outfitted with thoughtful amenities and is staffed with a crew of attentive and discreet professionals to see to your every need. The spacious main deck saloon and open cockpit is furnished with soothing blonde woods, pile carpeting and a retractable sunroof. While plush and flexible entertainment spaces include generous seating indoors and out, a wet-bar and barbecue, and a central sun-bed. Accommodation consists of a full beam master stateroom, a VIP stateroom and a large twin cabin, each with en-suite bathrooms. Tailor your day time nautical adventure with a stop for a dip near Lazarus Island or weigh anchor and navigate through Singapore’s Southern Islands. Opt for a sunset cruise and soak in panoramic vistas of Singapore’s dynamic cityscape. Perhaps you may even catch a glimpse of fireworks! Enjoy up to two cruises onboard the Privilege Reserve Yacht at $1,200 each accompanied by 10 of your family and friends. To make your bookings now, call the Privilege Concierge at 1800 222 9889 (Singapore) or +65 6222 9889 (Overseas).
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PRIVILEGE RESERVE BENEFITS
Privilege Concierge
When it comes to our dedicated exclusive concierge service, no request is beyond us. We’ll go to extraordinary lengths to provide experiences that compliment your lifestyle from making an overseas restaurant reservations, organising a Michelin chef private dinner to procuring a limited edition branded handbag – all specially arranged by our bespoke concierge. Whether you’re looking for a beach escape; a cultural break or family friendly fun, the Privilege Concierge will arrange a truly unforgettable vacation, marked by distinguished style and attentive service with Elite Vacations by UOB Travel. Elite Vacations promises a vacation which includes lush accommodations in a remarkable variety from tropical coastal destinations to lively cityscapes. For the start, allow yourself to be swept away by our special creations. All packages include air ticket, luxury accommodations and special perks to make your vacations even more wholesome, so you don’t have to worry of any hassles. Additionally, enjoy complimentary insurance coverage of up to S$250,000, comprehensive travel advice and exclusive travel experiences. All you need to do is to call our Privilege Concierge at 1800 222 9889 and let us work our magic.
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PRIVILEGE RESERVE BENEFITS
UOB Privilege Reserve Card
Indulge in a lifestyle without limits with the UOB Privilege Reserve Card, the card that identifies you as someone of the highest status. A card reserved only for the select few deserving of exclusive prvileges at some of the world’s finest establishments. To begin with, the UOB Privilege Reserve Card offers you one of the highest rewards earn rate in town – 4X UNI$, earning you 1.6 air miles for every dollar charged. And the moment you sign up, we’ll immediately reward you with 100,000 welcome air miles (the equivalent of a business class ticket to Europe). With exclusive upgrade privileges and special fares on the Singapore Airlines Suites, take the opportunity to experience the unrivalled luxury and privacy that await you. As a UOB Privilege Reserve Cardmember, you’ll also enjoy complimentary access to some of the world’s best golf courses. Add that to the exclusive discounts reserved for your companions, and you are set to enjoy a round to remember. Nothing is impossible with our reserved credit lines exclusively for you. Revel in the freedom to make your dream purchases, unhindered by limitations. The privileged lifestyle has only just begun. Be royally welcomed at the prestigious Leading Hotels of the World, offering complimentary stays and preferential treatment only for the privileged few. And whenever you feel the need to just get away from it all, turn to the Six Senses Resorts & Spas, where you’ll relax and recharge in some of nature’s most beguiling locations. Be elevated to new heights with exquisite privileges, specially crafted just for you.
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P RIVILEGE R ESERVE S UITES & B ANKING B ENEFITS Banking beyond numbers Your Privilege Reserve status puts you ahead of the queue when it comes to banking services. Preferential products and services, and dedicated banking suites have been reserved for your use. Banking doesn’t get any more personalised than this.
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PRIVILEGE RESERVE SUITES & BANKING BENEFITS
Banking Privileges Dedicated Privilege Reserve Suites Whether you are looking for a place to conduct your banking investments or simply for a place to unwind, you can do so in comfort at our dedicated Privilege Reserve Suites at the Marina Bay Financial Centre. The suites are fully equipped with banking facilities, with the highest priority placed on discretion and privacy. You can consult with your Senior Client Advisors and carry out all your banking transactions quietly and as quickly, or leisurely, as you like. The place and time is yours – enjoy a cup of coffee or a glass of wine, study the markets or catch up on some calls. And for any request, we have a friendly butler at your service. Preferential Services at UOB Group Branches Being a Privilege Reserve client means you get to enjoy some very special services and benefits, like priority queues at any of our Group branches. Preferential Products and Services Enjoy preferential pricing on banking products and services such as Telegraphic Transfers and cheque fee. Regional Recognition and Services Your Privilege Reserve status gets you recognition and preferred treatment in the region. Besides taking advantage of our regional encashment services and ATM fee waivers, you can gain access to all UOB Privilege Banking Centres in Malaysia, Thailand, Indonesia and China. 24-hour Privilege Concierge Available at your service all day, every day is our team of dedicated officers to handle all your banking needs and enquiries. Whenever you require any assistance, simply contact our 24-hour Privilege Concierge at 1800 222 9889 and our team will be at your beck and call.
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P RIVILEGE A CCESS A ND N ETWORK Privileges beyond borders Privilege is having access to a substantial regional network. A regional strength you can leverage to your advantage whenever you want to.
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PRIVILEGE ACCESS AND NETWORK
PRIVILEGE ACCESS AND NETWORK
Privilege Reserve Suites Marina Bay Financial Centre 10 Marina Boulevard #01-01 Marina Bay Financial Centre Tower 2 Singapore 018983 Privilege Banking Centres Bukit Timah 587 Bukit Timah Road #01-02 Coronation Plaza Singapore 269707
Orchard 230 Orchard Road #11-230 Faber House Singapore 238854
Marina Bay Sands 2 Bayfront Avenue #01-40 The Shoppes at Marina Bay Sands Singapore 018972
Raffles Place 1 Raffles Place, Ground Floor One Raffles Place Singapore 048616 Serangoon Garden 73 Serangoon Garden Way Singapore 555969
Marine Parade 80 Marine Parade Road #0113 Parkway Parade Singapore 449269
All banking hours are as follows: Monday to Friday – 9.30am to 5.00pm Saturday – 9.00am to 12.30pm
Mount Elizabeth 3 Mount Elizabeth #01-03/05 Mount Elizabeth Medical Centre Singapore 228510 Jakarta 62 21 2350 6000 Surabaya 62 31 734 9303 Kuala Lumpur 60 3 2732 4332
Penang 60 3 2732 4332 Shanghai 86 21 6061 8588 Bangkok 66 0 2252 8282
If you have any questions or comments, please do not hesitate to call our Privilege Concierge at 1800 222 9889, or visit our Privilege Reserve Suites and Privilege Banking Centres.
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Terms & Conditions
Terms & Conditions
In these Terms and Conditions, “you” refers to the UOB Privilege Reserve customer and “Bank” refers to United Overseas Bank. The additional services which we provide to you as a UOB Privilege Reserve customer (“Services”) are governed by these terms and conditions.
4.4 You expressly authorise the Bank to treat any instructions given or purportedly given by you as new instructions when it is unspecified that the instructions are a confirmation or a change of the previous instructions given.
1. USE OF UOB PRIVILEGE RESERVE The Bank continuously updates our financial products and services in order to better meet your needs. Hence, the Bank may vary the frequency and manner of use of such services, the type of accounts which are eligible and the centers where such services are dedicated to UOB Privilege Reserve customers. The Bank may add or remove any third party providing financial products and services to the UOB Privilege Reserve customer. The Bank may vary any fee or charges imposed on any or all services provided. The Bank will use all reasonable endeavors to give you thirty (30) days’ notice of any such variation.
4.5 The Bank may at any time refrain from acting promptly upon any instructions given or purportedly given by you in order to verify the authenticity thereof without incurring any responsibility for loss, liability or expense arising out of so refraining to act.
2. MEMBERSHIP To qualify as a UOB Privilege Reserve customer, you must either:(i) maintain at all times a minimum required monthly cash deposit and/or investment balance of S$2,000,000 (or its equivalent in a foreign currency) as the Bank may decide from time to time in any of your accounts; or (ii) spend a minimum of S$150,000 per annum on your UOB Credit Card. 3. PRIVILEGE CONCIERGE As a UOB Privilege Reserve customer, you may use the Privilege Concierge which is governed by the Rules governing the UOB Call Center Service (for personal or corporate accounts). You may obtain a copy at uobprivilegereserve.com. 4. ORAL / WRITTEN INSTRUCTIONS 4.1 From time to time, you may give the Bank instructions via telephone or registered mail or mail, facsimile transmission, telex or cable, regarding the your accounts.
4.6 You agree that the Bank shall not be obliged to inquire as to the purpose of any transfer of funds or assets so authorised by any such instruction or the identity of any transferee. It is understood that instructions given or purportedly given by you may authorise any transfer, sale or other disposition of the funds or assets in your account(s). 5. PRIVILEGE RESERVE SERVICE CHARGE AND FEE 5.1 The Bank may impose a service charge and/or fee for any of the Services provided by the Bank. In addition, the Bank reserves the right to impose a service charge and/or fee when the investment balance in your account falls below the minimum investment balance or minimum credit card spending limit prescribed by the Bank from time to time. 5.2 The Bank may debit any of your account(s) for all charges, fees, or other sums payable to the Bank without prior notice to you. 6. SUSPENSION OF UOB PRIVILEGE RESERVE SERVICE The Bank may suspend the use of any or all of the Services if as a result of force majeure, any calamity or condition, industrial actions, computer breakdown or sabotage, any act of terrorism or any other reason whatsoever access or delivery of the Services is not possible or is hindered. 7. TERMINATION OF YOUR UOB PRIVILEGE RESERVE MEMBERSHIP
4.2 The Bank is expressly authorized to act on any instructions communicated or purportedly communicated to the Bank over the telephone by you, in writing signed or purportedly signed by you and sent or purportedly sent by post, telex, facsimile or cable. The Bank shall not be liable to you for acting upon any such instructions notwithstanding that it is subsequently proven that the same was not given by you. You understand and agree that any risks of miscommunication and/or misunderstanding, any error or loss resulting from instructions given by unauthorized persons or any error loss or delay resulting from the use of the post, telex, facsimile or cable are entirely your risk for which the Bank shall not be held liable. 4.3 In the event that instructions to the Bank given by you are received outside banking hours, the Bank will only execute such instructions on the next working day. Banking hours are the hours that the Bank specifies from time to time for processing instructions.
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7.1 The Bank reserves the right to terminate your UOB Privilege Reserve Membership as the Bank deems fit without prior notice to you and without assigning any reason whatsoever. 7.2 You may choose to terminate your UOB Privilege Reserve Membership with a written notice. Any standing instructions given by you for any transactions will continue to be binding on you until the Bank receives the aforesaid written notice of termination. Upon termination of your UOB Privilege Reserve Membership, you must surrender all items (including UOB Privilege Reserve Credit Card) provided to you to fully utilize the services provided under UOB Privilege Reserve. 8. VARIATION OF THIS AGREEMENT 8.1 The Bank may vary the terms and conditions herein at any time at its discretion without assigning any reasons whatsoever.
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Terms & Conditions 8.2 Any such variation(s) may be notified to you by ordinary mail to your last known address or by notification in the Bank’s branches or by advertisement in the Press, or by any other means which the Bank may select and a variation so notified shall be binding on you. 8.3 If you do not accept the variation(s), you shall inform the Bank in writing immediately and the Bank may withdraw any or all of the Services. 8.4 If you continue to use the Services after notification, you shall be deemed to have accepted and agreed to such variation(s) without reservation. 8.5 For the avoidance of doubt, the Terms and Conditions set out herein are supplemental and are additional to (i) Terms and Conditions Governing Accounts And Services and (ii) the Additional Terms And Conditions Governing Accounts And Services. (i) and (ii) are collectively known as “Account Terms”. In the event of any conflict or inconsistency between the Terms and Conditions and the Account Terms, the Terms and Conditions herein shall prevail and the Account Terms shall be deemed to have been amended to the extent necessary to give effect to the Terms and Conditions herein. 9. SERVICES PROVIDED BY THIRD PARTIES. From time to time, we may introduce you to other Privilege Reserve privileges and services provided by third parties. Any services provided by third parties are subject to their terms and conditions and we will not be liable for any loss you may incur in connection with such services. 9.1 All privileges stated in this document are subject to individual merchants’ terms and conditions which can be found at www.uobprivilegereserve.com.sg. 9.2 Individual credit card terms and conditions apply. Subject to credit approval. 9.3 UOB Privilege Reserve Terms and Conditions apply. 9.4 United Overseas Bank (“UOB”) assumes no liability or responsibility for the acts or defaults of the merchant or defects on the goods or services offered in this promotion. UOB is not an agent of the merchant. Any dispute about the quality or service standard must be resolved directly with the merchant. The merchant may impose conditions for the providing such goods and services. UOB will not be responsible for any injury, loss or damage suffered as a result of the usage of the goods and services. 9.5 UOB and the merchant reserve the right to vary/amend the privileges and/or terms and conditions without prior notice. 9.6 While the information provided herein is believed to be reliable as at the date of printing. UOB makes no representation or warranty whether express or implied, and accepts no responsibility or liability for its completeness or accuracy.
United Overseas Bank Limited Co. Reg. No. 193500026Z
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