ICICI Wealth Management Account Holders please share your experience.

[TheTrickySid]

What's the MAB you guys maintaining in your Wealth management account.

And what's would be the ideal mab to prevent it from getting downgraded.
Or any tips to avoid getting the account downgraded without maintaining mab.

 

[anirban.choudhuryanirban.choudhury is verified member.]

Ok they said 10 lac in my city and need to be salaried. Most I can manage is 5 lacs, Can anybody confirm weath experience 0 Balance and branch name in nagpur. Here they simply said wealth is not 0 balance and can attract 750 rs as non amb fees. Can we open in different city even if we don't belong there ?

I have a wealth salary account and it’s a 0 MAB

 

[Chaitanya-a]

Thanks. Will try with customer Services. RM is pretty useless.

Yeah. Ask them whether they can change the variant or not.

 

[kochiro]

I have a wealth salary account and it’s a 0 MAB

salary accounts are mostly 0 mab even in HSBC and other top notch banks.

 

[TheTrickySid]

so I can be in any city and open with address of any other city?

Yes
Why not!

 

[anirban.choudhuryanirban.choudhury is verified member.]

salary accounts are mostly 0 mab even in HSBC and other top notch banks.

Yes even icici Basic salary account is 0 MAB.
I upgraded my account to wealth Salary as there was some target going on and my BM asked me to do it .

 

[jack333]

For upgrade it's 25 lac.

Don't upgrade. Open new. For 5 lakh you can get wealth and for 25 lakh wealth select

 

[kochiro]

Yes
Why not!

I just need to know where it can be done in maharashtra

 

[adityad]

I don't see some extra ordinary in terms of ASAP support through their Higher Officials who are seating at Head Quarter.

Ofcourse, quick services within Branch related support.

Assigned RMs are almost newbie and 8/10 cases they will revert back on queries as lack of know-how on products.

My views are personal basis which may change from individuals

Agreed, the assigned RMs are good for nothing. They can't even fill basic forms.

Emailed to change the RM few days back, the change was prompt and also got a call from New RM the same day.

 

[jetmix]

Agreed, the assigned RMs are good for nothing. They can't even fill basic forms.

Emailed to change the RM few days back, the change was prompt and also got a call from New RM the same day.

Yes
Almost 12 days lapsed though my concern is awaiting response... related to CC Reward points are not credited since last 4 months.

Frustrated

 

[mgforce]

Don't upgrade. Open new. For 5 lakh you can get wealth and for 25 lakh wealth select

Think existing account holder can't open this way right... High IP option works for NTB (new to bank) I guess

 

[ADITYA1904]

Don't upgrade. Open new. For 5 lakh you can get wealth and for 25 lakh wealth select

Is there any special benefits in wealth select? What if we have existing wealth account? Can i open directly new wealth select account with 25L?

 

[jack333]

Yes you can. Nothing much except visa infinite debit card

 

[Chaitanya-a]

Yes you can. Nothing much except visa infinite debit card

Then not worth it coz in IDFC we're getting Visa Infinite Debit card for as low as 3L MAB Select account.

 

[Sanskar]

View attachment 8018

Yes I have wealth account
Even though it's zero balance I still maintain some balance.

What if we don’t maintain any amount? Will they downgrade the account?

 

[TheTrickySid]

What if we don’t maintain any amount? Will they downgrade the account?

They usually don't downgrade, but can't say.
Although it shows 0 mab in imobile app

 

[baheria]

Got the WM upgrade few years back but don’t know the reason. It’s of no use anyway. RMs know nothing and keep changing frequently. Had to contact customer care for everything. The only benefit is no waiting for customer care calls.

 

[Lakshya Mahani]

Which network will be better to get wealth management debit card, Mastercard or Visa Infinite? Does network makes any difference in this debit card?

 

[Chaitanya-a]

Which network will be better to get wealth management debit card, Mastercard or Visa Infinite? Does network makes any difference in this debit card?

AFAIK we can't select the variant for ICICI Wealth debit card. MC World is for Wealth Management whereas Visa Infinite is for Wealth Select account.
Visa has lot more benefits as compared to Mastercard. Its better to get Visa card.

 

[jack333]

Wealth management is available in mastercard world and visa platinum. Both have same lounge list and number

 

[Zulu]

Wealth management is available in mastercard world and visa platinum. Both have same lounge list and number

Quarterly any spend criteria for lounge benefit? I was informed quarterly 5k spend must after 6 months of card issuance.