10 Banks the Ultra-Rich Swear By

10 Banks the Ultra-Rich Swear By

Many high-net-worth individuals choose to put their money in checking accounts offered by major banks. 

Those wealthy individuals have access to private banking opportunities tailored to their money management needs.


Two common perks embedded into these millionaire bank accounts include waived fees and personal bankers, among other upgraded features.

GOBankingRates offers a closer look at 10 bank accounts used by the ultra-rich.

Bank of America Private Bank


Perks: Bonus on rewards earned through a paired Bank of America credit card

Chase Private Client


Perks: Higher interest rates on CDs and savings accounts

Morgan Stanley CashPlus


Perks: $695 Annual Engagement Bonus for Platinum CashPlus users

HSBC Premier Checking


Perks: Share your status with up to four family members

TD Bank Private Banking


Perks: No fee for 3x5 safe deposit boxes and no fees for up to 5 wire transfers each month

PNC Private Bank Checking


Perks: No minimum balance requirements

Truist Wealth Checking


Perks: -Free health savings account - Rewards debit card - Access to a no-fee safe deposit box

Santander Private Client Checking


Perks:  -No monthly fee -Dedicated customer service  -A team of financial specialists for guidance -Rate discounts on select consumer loans

BNY Mellon Cash Management Access Account


Perks: Up to $500,000 in federal deposit insurance per individual account owner, interest-bearing account

Citigold® Private Client


Perks: Personalized guidance and waived fees