Let’s start with what many argue is pretty much the one and only reason you should ever consider private banking (and why at this stage as a final year medical student/intern it still doesn’t justify you getting private banking): You need access to a loan that requires a special relationship with the bank. That’s it. That’s the only real financial justification for private banking. The two most common scenarios where this applies are if you require a vehicle financing loan or a home loan. The benefit of private banking in…
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