Opened ICICI Wealth saving account with zero opening balance

[tiny]

So I see a lot of discussions here about people getting confused regarding the minimum cheque required for opening the wealth account. I will say it depends on the BM and the guy handling wealth.

 

[Tejo]

So I see a lot of discussions here about people getting confused regarding the minimum cheque required for opening the wealth account. I will say it depends on the BM and the guy handling wealth.

What's your BRANCH?

 

[hackymanoj]

Yes, in general to open this account you need to give 10 lakhs cheque. However, I opened the account with only initial funding of 5 lakhs as the BM got some approvals for this. Mine is in Tier - 3 city

 

[lucifer]

I opened it with 1lac cheque in mumbai

 

[tiny]

What's your BRANCH?

Faridabad

 

[SSV]

So I see a lot of discussions here about people getting confused regarding the minimum cheque required for opening the wealth account. I will say it depends on the BM and the guy handling wealth.

I opened it with 1 lakh cheque with '0' AMB after I got invitation email from ICICI Wealth management team on the basis of my ICICI APay CC with Rs. 6.40 lakhs limit. Had no prior relationship with the bank except APay CC.

 

[Arun Pratheep]

I opened it with 1 lakh cheque with '0' AMB after I got invitation email from ICICI Wealth management team on the basis of my ICICI APay CC with Rs. 6.40 lakhs limit. Had no prior relationship with the bank except APay CC.

How did you got the invite? Did you mail them for wealth account?

 

[SSV]

How did you got the invite? Did you mail them for wealth account?

They mailed me based on my CC relationship. I didn't enquire for anything from them. Good thing is almost all the services are through home visits... or by telephone/ whatsapp.

Here is the email I got from my local Wealth RM.

 

[kochiro]

I opened it with 1lac cheque in mumbai

I opened it with 1lac cheque in mumbai

Which branch ?

 

[SamPtnk]

They upgrade to wealth automatically once your CC limit crosses 5-6L

 

[karanssh]

They upgrade to wealth automatically once your CC limit crosses 5-6L

no, not true. Mine account is still ICICI privilege, but I am having much more limit than that. I also have savings and current account with them

 

[SamPtnk]

no, not true. Mine account is still ICICI privilege, but I am having much more limit than that. I also have savings and current account with them

Well for my friends and me were auto upgraded once our CL crossed above 6L , mine was even lower at 5.6L
But they do upgrade most of the accounts on the basis of one's CL and this was verified via RM
Privilege comes at 2.5L ish

 

[manikP]

It is true, my privilege was automatically upgraded to wealth management once I got icici card with 6.3L limit.

BTW, what are the benefits of wealth management account?

 

[plastikman]

I had got the invite one year back and ignored it 🫠🤭🙃

 

[SamPtnk]

It is true, my privilege was automatically upgraded to wealth management once I got icici card with 6.3L limit.

BTW, what are the benefits of wealth management account?

Free Cibil score and a pestering RM for sales pitch
Cheque book looks unique and stands out , if you have a wealth branch in your city you can go there and make your self feel like VIP

 

[Arun Pratheep]

It is true, my privilege was automatically upgraded to wealth management once I got icici card with 6.3L limit.

BTW, what are the benefits of wealth management account?

My limit is 6L and still showing as privilege

 

[karanssh]

My limit is 6L and still showing as privilege

exactly, mine is 8L but still privilege. I have never gotten an email like that either

 

[krishc]

Well for my friends and me were auto upgraded once our CL crossed above 6L , mine was even lower at 5.6L
But they do upgrade most of the accounts on the basis of one's CL and this was verified via RM
Privilege comes at 2.5L ish

When you get upgraded this way, do they provide you with debit card of wealth account, or you've to ask for it?

Asking coz, recently opened zero MAB Gold Privilege account through local branch after convincing the RM to make it zero MAB.
But the thing is I've got the most basic debit card with the opening kit and I want the Gold Privilege debit card that comes complimentary with this account.

 

[SamPtnk]

When you get upgraded this way, do they provide you with debit card of wealth account, or you've to ask for it?

Asking coz, recently opened zero MAB Gold Privilege account through local branch after convincing the RM to make it zero MAB.
But the thing is I've got the most basic debit card with the opening kit and I want the Gold Privilege debit card that comes complimentary with this account.

You have to make a request via their wealth no . else your existing Dc continues

During the form fill up there is a option to get cheque book/DC via post you need to tick that and reject the insta kit. Insta kit is useless and its same for every account

Ignore gold card , call up their CC no and ask for rupay card . Has many perks

 

[SamPtnk]

My limit is 6L and still showing as privilege

Next CL should def trigger the wealth upgrade automatically