Quds Bank review

The current account carries a monthly fee of $2. Most accounts on the comparison site charge nothing, with a site median of €0, and only 91.7% of them sit in the no monthly fee group. Outgoing transfers add their own charges on top of that fee.

Outgoing transfers inside Palestine are tiered: $3 is listed as the base charge, and the schedule rises with the amount sent, with a percentage rate on larger sums. Transfers outside Palestine carry correspondent bank fees on top. Delivery runs to 48 working hours max (SWIFT); minutes (Western Union).

The currency conversion fee runs 1% to 3%, which sits above the 0.5% median across the site and just under the 2.08% upper quartile. Readers who convert often are better off with a provider built around low conversion charges, a group covering 17% of the site.

The account supports 3 currencies, below the 5 site median and well under the 21.5 seen among everyday accounts. Readers who need a wide range of currencies for travel or trade will find a narrower set here.

The stated audience covers expats, business customers and students, which lines up with how common expat accounts are across the site at 25.1% and business accounts at 56.5%. Easy-access accounts are the norm too, at 76.7% of the everyday accounts on the site.

Payouts go to a bank account or to cash pickup. Delivery time is 48 working hours max (SWIFT); minutes (Western Union), so a SWIFT transfer to another bank takes longer than a Western Union transfer, which arrives in minutes. Cash pickup suits recipients who want the money in hand.

Support runs on phone only, with a call being the single listed route. That is narrower than the wider mix of channels, including a help centre, that 86.1% of the site provides, so readers who prefer written help may need a different provider.

The bank was founded in 1995 and is headquartered in Palestine. It is a local institution, which fits readers who want a Palestinian IBAN for local payments rather than a global multi-currency platform.