Anyone has OCBC premier account? What’s the difference compared to Robo advisories?

Like what John said, OCBC premier account are for customers with at least $200K in savings/ investments. This type is classified as Premier banking and it is totally different from Robo advisors. Most bank will offer premier/priority banking.

You will be assigned a dedicated relationship manager(RM) who can advise you on things related to personal finance and investment. The RM will offer you special investment products which are not offered to the public. At the end of the day, RM is usually driven by commission and are “forced” to sell these products.

Some benefits of premier banking are lounges, lower fees and rates for certain transactions, better interest rates, priority queue, etc(differ from bank to bank).

OCBC premier is for customers with more than 200k invested. It gives additional benefits/priviledge for their services/rewards.

You may be confused it with OCBC RoboInvest. The platform has age limit at 21 and fees at 0.88%. Personally daunted by the high charges and would go with a cheaper alternative.