just been reading about banking options for people with serious money and honestly didn't realize how different things get once you hit millionaire status. like, apparently you can't just use regular banks anymore if you want actual service.

so there's this whole private banking thing where you get a dedicated team instead of calling some 1-800 number. jp morgan's the most elite option if you're ultra-wealthy, basically gives you access to their top strategists and economists. bank of america requires like 3 million minimum but throws in stuff like art services which is kind of wild. citi needs 5 million and operates in almost 160 countries, so if you're moving money globally that's their play.

if you're not quite at ultra-wealthy level but making serious money, chase private client is more accessible - only needs 150k to avoid fees and gives you unlimited atm refunds and no wire fees. honestly the perks seem insane, like mortgage rate discounts and exclusive event invites.

the interesting part is that smaller regional banks are apparently starting to compete harder with these big institutions by offering similar private banking services but with way more personal attention. makes sense - they can't compete on size so they go all in on customer service.

if you're building a million dollar bank account or getting close, sounds like you need to actually sit down with these banks and figure out which one aligns with what you're trying to do. can't really find detailed info online so consultations seem necessary. anyone here dealing with private banking or thinking about switching to one of these?