Send Money To Israel

Updated on September 13, 2020
Personal
Business
From
United States Flag
United States
USD
To
Israel Flag
Israel
ILS
1 USD equals
3.459 ILS
09/13/2020 5:19 PM UTC
 
How much to transfer?
$1-1k
$1k-10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • Debit card (UK only)
  • BPAY (Australia only)
  • Direct debit (U.S. only)

Features

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

TorFX Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents
$
$
$

low

Fees
72
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • CHAPS (UK only)
  • BACS (UK only)
  • Visa debit card (UK only)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for one-off transfers
  • Circle Check Icon
    Schedule transfers between £500 and £10,000 per month
  • Circle Check Icon
    Use hedging tools to protect yourself against FX fluctuations
  • Circle Check Icon
    No multilingual website

XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
74
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      Currencies Direct Logo
      • Check Icon
        Forward contracts and limit orders
      • Check Icon
        Scheduled transfers
      • Check Icon
        Travel money solutions for residents of the UK
      • Check Icon
        Multilingual website
      $
      $
      $

      low

      Fees
      84
      Speed Icon

      medium

      2-3 days

      Less Information
      +

      Transfer Options

      • Bank transfer
      • Debit card

      Features

      • Check Icon
        Forward contracts and limit orders
      • Check Icon
        Scheduled transfers
      • Check Icon
        Travel money solutions for residents of the UK
      • Check Icon
        Multilingual website

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      medium

      2-3 days

      Best For

      • Circle Check Icon
        Schedule transfers easily
      • Circle Check Icon
        Make use of hedging tools
      • Circle Check Icon
        Accepts customers from most countries
      • Circle Check Icon
        Cannot sign up from all states in the U.S.

      TransferWise Logo
      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app
      $
      $
      $

      low

      Fees
      75
      Speed Icon

      fast

      1-2 days

      Less Information
      +

      Transfer Options

      • Bank Transfer
      • Credit Card
      • Debit Card
      • Country specific alternatives

      Features

      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      fast

      1-2 days

      Best For

      • Circle Check Icon
        User friendly mobile app
      • Circle Check Icon
        Multi-currency account
      • Circle Check Icon
        Travel debit card
      • Circle Check Icon
        No scheduled transfers
      • Circle Check Icon
        No dedicated account manager

      How to send money to Israel

      How To Step Icon
      Step 1
      Select a suitable service provider
      Select a suitable service provider
      Compare the best service providers to send money to Israel.
      Select one that suits your needs and register as an individual or a business.
      Complete the registration process by providing the required information.
      Keep a valid identity document close at hand, as it might be necessary.
      How To Step Icon
      Step 2
      Get a rate quote, finalize the transfer
      Get a rate quote, finalize the transfer
      Begin the process of transferring money to Israel by getting a rate quote from the service provider you select.
      The amount you plan to send might have a bearing on the rate you get.
      Go through historical ILS exchange rates to let you know of any recent fluctuations that might affect your decision.
      To finalize your transfer, lock the exchange rate on offer and provide bank account details of the recipient.
      How To Step Icon
      Step 3
      The payment and the transfer
      The payment and the transfer
      Pay for your transfer using any of the available methods.
      Once your service provider gets your payment, it begins the process of sending money to Israel. The turnaround time may depend on how you pay for the transfer, where you live, as well as the receiving bank.
      You may use your service provider's website to track your transfer, and you might also receive notifications via text messages or emails.

      Currency Symbol and Swift Codes

      What is Israeli money called? The Israeli new shekel (ILS), or the Israeli shekel, replaced the New Israeli Sheqel (NIS) as the official currency of Israel in 1986. The Israeli shekel is dived into 100 agora. Other than Israel, it is also used as legal tender in the Gaza Strip and West Bank, both Palestinian territories.

      If you plan to transfer money to an Israeli bank account, you will need to provide the recipient’s complete name, a bank account number, the name of the receiving bank, and the bank’s SWIFT/BIC code.

      The table below lists SWIFT codes of some popular Israeli banks.

      BANKBRANCHSWIFT CODE
      Bank HapoalimTel AvivPOALILITKBR
      Bank LeumiTel AvivLUMIILITBSC
      Israel Discount BankTel AvivIDBLILITXXX
      Mizrahi-Tefahot BankTel AvivMIZBILITXXX

       

      Case Study

      Maya had to move to the U.S. because of a new job, and her aging parents continued living in Israel. Since she was the sole breadwinner of the family, she needed to send them some money every month. Not aware of her options, she used a popular Israeli bank for the first few months. It was only upon the suggestion of a friend that she decided to compare her options, and this is what she found.

       BANKMONEY TRANSFER SERVICE
      Exchange rate$1 = ILS 3.3148$1 = ILS 3.4301
      Transfer fee$20$0
      Amount received for $2,000ILS 6,563,30ILS 6,860.20
      Transfer time3 to 5 days2 to 3 days
      Transfer optionsBank accountBank account
      Difference of ILS 296.90

      Maya was sending $2,000 back home each month. By turning to the money transfer company instead of her bank, her parents ended up receiving almost ILS 300 extra every time. In addition, the service provider she selected also let her lock in exchange rates for transfers she wanted to carry out in the future.

       

      Cash Pickup Locations in Israel

      If you are in a hurry to send money to Israel, you may consider sending it to a cash pickup location. Popular overseas money transfer companies such as Western Union, Ria, and MoneyGram have agent networks in this country.

      WESTERN UNION IN ISRAEL 
      Tel Aviv Israel Postal Bank, Even Gvirol 108, Tel AvivChange S F Y, 140 Dizingoff, Tel Aviv
      Jerusalem Israel Postal Bank, Shopan 12, JerusalemChange For You, 43 Emek Refa Im, Jerusalem
      RIA IN ISRAEL 
      Tel Aviv Stb Union - Change Igal Ramat-Aviv, 17 Brazil Str, Tel AvivGeorgy Sherman Change (Albercom Ltd), Dizengof 140, Tel Aviv
      Haifa Stb Union - Akkacom - 1 Nordau, 5 Nordau Str, HaifaUnigiros Ltd (Albercom Ltd), Nordau 50, Haifa

       

      Safety Tips for Picking up Cash in Israel

      A majority of all visits to Israel go trouble-free. However, there are instances of valuables being stolen from public beaches, where petty crime is not uncommon. While levels of crime in Israel are relatively low, it is upon you to exercise basic caution. If you plan to collect a large amount of money from a cash pickup location, consider taking someone you trust along.

      If you are travelling to Jerusalem, especially in or around the Old City, know that demonstrations are protests are fairly common. In such instances, it is best to leave the area before the eruption of violent clashes.

      A money transfer to Israel via Western Union may take three to four hours on a working day. Banks and post offices remain closed from midday on Friday to Sunday morning.

       

      What Information Do I Need to Transfer Money to Israel?

      The chosen transfer method has a bearing on the information you need.

      • Transfer to bank account. You will need the recipient’s name, his or her bank account number, the name of the bank, and the bank’s SWIFT/BIC code.
      • Transfer to cash pickup location. In this case you need no more than the recipient’s name and the location of a desired cash pickup center. To collect the money, the recipient will need to provide a reference number and a valid form of identification document.

       

      Regulations When Transferring Money to and From Israel

      Israel successfully did away with most of its foreign exchange controls during the 1990s. In 2002, it lifted the last major restriction surrounding how much money institutional investors from the country may invest internationally.

      Now, there are no restrictions on moving ILS in and out of the country, even when receiving payments for exports. Restrictions surrounding all kinds of unilateral transfers such as gifts and support payments have also been abolished. However, any deposit of ILS 50,000 or more, or its equivalent in another currency, is reported to the country’s taxation authorities.

      Convert USD to ILS

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      ILS
      Sending money online through specialist money transfer companies.

      Expect to receive between ILS342.46 and ILS344.53 when sending money from USD to ILS at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately ILS328.62, not including additional banking fees. That is an average saving of ILS14.87.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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