Transfer Money to Israel

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About Money Transfers to Israel

Whether you are buying a dream home in Tel Aviv, embarking on Aliyah or making business money transfers to clients in Ramat Gan, foreign exchange will be an important consideration. Dont settle for the first ILS deal you stumble across. With exchange rate fluctuations and the value of the Israeli Shekel (ILS) moving on a daily basis, it is important to protect yourself against adverse shekel swings. Our award winning shekel comparison tables dynamically compare the best value deals when transferring Shekels to Israel.

Our goal is to put your mind at ease as we strive to supply you with a service that is second to none and endeavour to save you a substantial amount of money and considerable amount of time when you need to transfer money to Israel.

Last updated: May 08, 2014 Our methodology

Quick Facts: Israel

Key information for sending money to Israel

Transfer Speed
2 working days
Local Currency
ILS
Income Tax Rate
11.5-52%
Avg. Property Price/m²
19,253.18 ILS
Avg. Monthly Rent (3 bed)
5,416.41 ILS
IBAN Required
Yes

Money Saving Tips for Israel

Expert advice for your international transfer

If purchasing property in Israel, contractors lawyer fees can be quite costly, but it is common practice to haggle the price down substantially.

The Tel Aviv Association for Tourism offers a series of free tours through important historical districts including the White City and Neve Tzedek.

When it comes to mortgages, it is wise to use a mortgage consultant in Israel, and not go directly to a bank. The consultant will search the market and obtain the best terms for you.

If you are emigrating to Israel, prepare a budget, including paying off your existing debts and arriving with Shekels in your back pocket. Check out what Right of Return privileges you may have

What You Need to Send Money to Israel

Checklist of recipient bank details required

IBAN e.g. IL620108000000099999999
International Bank Account Number
SWIFT/BIC Code e.g. BANKILXX
Bank identifier for international transfers
Account Number
Recipient's bank account number
Account Holder's Name
Full name as it appears on the bank account

Popular Banks in Israel

Bank Hapoalim Bank Leumi Israel Discount Bank First International Bank of Israel Bank Mizrahi-Tefahot Bank Otsar Ha-Hayal

"When sending money to Israel, always compare multiple providers. The exchange rate is important, but don't forget to factor in transfer fees and delivery times. For larger amounts, even small rate differences can translate to significant savings."

— MyCurrencyTransfer Editorial Team

Frequently Asked Questions

Common questions about sending money to Israel

What is the cheapest way to send money to Israel?

The cheapest way to send money to Israel depends on your transfer amount. For larger transfers (over £1,000), specialist providers like Wise or OFX typically offer better rates than banks. Compare providers above to see which offers the best deal for your specific amount.

How long does it take to transfer money to Israel?

Most transfers to Israel are completed within 1-3 working days. Some providers offer same-day or next-day delivery for an additional fee. The exact time depends on the provider, payment method, and whether the recipient's bank processes weekend transfers.

What information do I need to send money to Israel?

You'll typically need: the recipient's full name (as it appears on their bank account), their bank account number, the bank's SWIFT/BIC code, and for some countries an IBAN. You may also need the recipient's address and the bank's name and address.

Are money transfer services safe to use?

Yes, the providers we compare are regulated by the Financial Conduct Authority (FCA) or equivalent regulators. They must keep your money in segregated accounts and follow strict anti-money laundering procedures. Always check a provider's regulatory status before sending money.

Should I use my bank to send money to Israel?

Banks are generally more expensive for international transfers due to higher exchange rate margins and fees. Specialist money transfer providers typically offer rates 2-4% better than banks. Use our comparison to see how much you could save.

How to Transfer Money to Israel

  1. Compare providers

    Use the comparison table above to find the best exchange rate and lowest fees for your transfer amount.

  2. Create an account

    Click through to your chosen provider and register for a free account. You'll need your email address and basic personal details.

  3. Verify your identity

    Upload ID documents as required (passport, driving licence, or national ID). Most providers verify within 1-2 business days.

  4. Enter recipient details

    Add your recipient's bank account details including their name, account number, and SWIFT/BIC code.

  5. Fund and track your transfer

    Pay by bank transfer or debit card, then track your money until it arrives. Most transfers complete within 1-3 working days.