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.

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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

1

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

Chase Private Client

2

Perks: Higher interest rates on CDs and savings accounts

Morgan Stanley CashPlus

3

Perks: $695 Annual Engagement Bonus for Platinum CashPlus users

HSBC Premier Checking

4

Perks: Share your status with up to four family members

TD Bank Private Banking

5

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

PNC Private Bank Checking

6

Perks: No minimum balance requirements

Truist Wealth Checking

7

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

Santander Private Client Checking

8

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

9

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

Citigold® Private Client

10

Perks: Personalized guidance and waived fees