Covid-19: What happens to private banking benefits?
Lenders say their offerings to premium clients aren’t just about rewards and still offer value for money
Private banking clients have had limited access to some benefits as travel and leisure pursuits have been curtailed since the start of lockdown in March 2020.
This raises the question whether banks are still able to provide private clients with the benefits that these accounts promise — in particular, travel benefits such as access to lounges and ticket and insurance perks — and whether their premium clients are getting their money’s worth. ..