Raphaels Bank Money Transfer Review

Raphaels Bank is not a dedicated money transfer company. This means that you will be unable to call them to transfer money to a particular bank account overseas. However, they do offer a money transfer card, which for all intents and purposes is very much the same thing.

Think of the money transfer card offered by Raphaels Bank as a travel card. It is basically going to be topped up with your target currency. You will then be able to use it overseas, or to even make transfers directly to your selected international bank account. It is a simple system to use, honestly, but for those who are looking to make quick money transfers it is not great.

I find that Raphaels Bank is probably best suited to travellers who are heading abroad as opposed to those who are looking to pay bills and the like. I have used the travel card provided by Raphaels Bank in the course of business and it is actually a pretty useful tool, but you are going to be incredibly limited in terms of what you are able to do with it.

That being said, if you do opt for their card, and I suggest you do if you are heading overseas, then you can look forward to some pretty decent exchange rates. In fact, the exchange rates that you can get on these cards will be far better than any money transfer company out there. The problem is, as I mentioned before, that the use of the card is going to be fairly limited.

I find that Raphaels Bank may also be ideal for those who want to make payments for their bills online but who do not have access to a dedicated bank account in the currency that they wish to pay in. The Raphaels Bank system will help you to save a considerable sum of cash in this regard, which is always going to be a plus.

Raphaels Bank is, of course, an established bank. In fact, I believe that they are one of the most established banks in the United Kingdom. They have been going since 1787. Sure, they do not have the number of branches that some of the bigger companies out there have, they only have 2, I believe, but this ensures that they are able to offer a personal service to each and every one of their customers. When you work with Raphaels Bank, you can be sure that you are going to be offered brilliant rates on your money transfer card. You can also be sure that there will always be somebody on the other end of the telephone should you need any assistance.

Remember, Raphaels Bank do not offer true money transfer services. Look elsewhere if you are after that. However, if you are looking for currency that you can use abroad at a fee far more competitive than most other companies out there, I really do suggest you take a look at this card.