Private Banking

Private Banks generally provide a much more personal and tailored set of services than mass-market banks. Opening a private bank account often involves a very large minimum deposit, and private banks are geared towards providing financial services to individuals with large incomes or high personal wealth - typically at least $50,000 at the lowest minimum, with some requiring liquidity over $1 million.

A private bank division will provide various services such as wealth management, savings, inheritance and tax planning for their clients. Top private banks incude UBS, Citigroup Private Bank, HSBC Private Bank, JP Morgan and Credit Suisse Private Banking.