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.

 

[jack333]

Quarterly 5k spends on all icici credit cards for lounge access. No such criteria for debit cards

 

[Bodhi]

No need even for that, I withdrew the entire amount within 5 days. Mostly keep 50-100Rs in that account. Been 1.5 years, never any issue whatsoever.

Are you receiving any pre-approved offers with low balances?

 

[kochiro]

Is wealth management and wealth select different? Which one will retain 0 mab

 

[Chaitanya-a]

Is wealth management and wealth select different? Which one will retain 0 mab

Both are different. Both will retain 0 mab.

Wealth management requires 10L initial deposit for opening new account. We get MC World/Visa Signature debit card with this

Wealth Select requires 25L initial deposit for new account. We get Visa Infinite Debit card with this account.

 

[jack333]

Both are different. Both will retain 0 mab.

Wealth management requires 10L initial deposit for opening new account. We get MC World/Visa Signature debit card with this

Wealth Select requires 25L initial deposit for new account. We get Visa Infinite Debit card with this account.

Wealth gives wealth mastercard or visa platinum (no signature) . Wealth select gives visa infinite.

 

[Bodhi]

Wealth gives wealth mastercard or visa platinum (no signature) . Wealth select gives visa infinite.

Yes, I have not heard of Signature with Wealth Management account either.

 

[anirban.choudhuryanirban.choudhury is verified member.]

Quarterly 5k spends on all icici credit cards for lounge access. No such criteria for debit cards

Not all cards , emeralde gets unlimited without any spend criteria

 

[Lakshya Mahani]

Just now my mother got her wealth debit card on MasterCard network, i enquired about visa infinite to which the branch employee said no for this infinite variant.

 

[Chaitanya-a]

Just now my mother got her wealth debit card on MasterCard network, i enquired about visa infinite to which the branch employee said no for this infinite variant.

Visa Infinite is available only for Wealth Select account.

 

[jack333]

For wealth family grouping 25 lakh TRV required. So you can get all your family members mastercard world wealth debit card. For private or wealth select family grouping 2 cr TRV required.

 

[Lakshya Mahani]

Yesterday, my mother got her wealth debit card on MasterCard network, but i can't see her account in imobile, even i reinstalled the application, also when i tried to register UPI, i am getting the error "No Accounts Found". What should i do?

 

[jack333]

You have to link that account from services

 

[Lakshya Mahani]

You have to link that account from services

I just registered internet banking using debit card, now everything is visible on imobile as well.

 

[0xfallup]

Negotiated with a branch ...ready to open with less initial funding ....pls share your experiences ...can i withdraw 90 percent amount the next day? any downgrade experience anyone????

 

[Lakshya Mahani]

Negotiated with a branch ...ready to open with less initial funding ....pls share your experiences ...can i withdraw 90 percent amount the next day? any downgrade experience anyone????

I guess you can withdraw even 100% of the amount on the very next day, as per their booklet(which we recieve in the kit itself), we don't have to maintain balance.
My mother hasn't withdrawn any amount, so can't comment on the downgrade part🙂

 

[Batmanbaba]

Negotiated with a branch ...ready to open with less initial funding ....pls share your experiences ...can i withdraw 90 percent amount the next day? any downgrade experience anyone????

How much..??

 

[Bodhi]

I guess you can withdraw even 100% of the amount on the very next day, as per their booklet(which we recieve in the kit itself), we don't have to maintain balance.
My mother hasn't withdrawn any amount, so can't comment on the downgrade part🙂
View attachment 12862

Thank you @Lakshya Mahani for sharing 👍🏻

 

[0xfallup]

How much..??

2

 

[mgforce]

I recently opened Wealth Account (regular one) with Zero IP. Just plain lucky

 

[0xfallup]

I recently opened Wealth Account (regular one) with Zero IP. Just plain lucky

wew how pls explain