Private Banking

Compared to regular High Street banks or Building Societies, Private Banks offer a distinctly more personalised selection of services. Because of this, a Private Bank account will normally require a much higher minimum initial deposit. Most Private Banks only offer their particular services to clients who have a relatively high net worth (e.g. more than £250,000 in assets and savings).

In general, Private Bank services are tailored for individuals with large incomes or considerable personal wealth. However, some banks also offer private banking services to customers whose savings do not reach Private Bank requirements.

There are many banks offering Private Banking services to their customers. It is best that you ask around to see if a specific bank can suit your financial requirements for wealth management. You can also consult with your personal financial advisor to make sure that you can make use of the services offered, or only become an added expense.