What You Might Not Know Your Bank is Offering
I am going to introduce a topic that hopefully grabs your attention, and that is preferred rates and special features for bank employees.
As many may already know, bank employees receive special rates due to the fact they work with the specific bank.
For example, a bank employee gets a preferred rate when buying or selling U.S. currency, although the difference at times is not much, however it can make a difference when dealing with large sums of money.
I plan to find out what kind of rates and features bank employees get and reveal them to you.
The beauty of these privileges is that at times, the bank in question will offer it to you depending on the type of client you are.
If you are a private banking client you will most likely be getting the best the bank has to offer, and if by chance you don’t, by inquiring about it will get you want you want.
With the many banks across Canada, we have to ask ourselves where to start?
Well for me, I think going to Canada’s largest bank would be the best place to start.
That is correct folks, we will be examining Royal Bank of Canada (RBC), stay tuned for more information in the coming weeks.












Comments (5 )
How do you get to be a private banking client? Amount of investment? Type of investment? I like ING’s attitude: everyone gets the same from the first dollar.
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Different “requirements” for each bank. It usually comes down to home much capital you have. The bank wants that capital to reinvest into other projects they have. Which bank were you looking at?
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I was curious about Scotia private banking when it was mentioned by a financial advisor we saw (once) but I don’t think we quite met the half million or so necessary to invest and we did not want to invest in anything beyond GICs anyway. Where would I find the requirements for each bank and what could I expect?
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Scotia Bank doesn’t make the requirements public. I’m sure it is a very large sum to be considered but we’ll ask around, find out what the requirements are for you.
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Great title. Wish the content delivered on the title.
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