Opening a Bank Account in Israel (2026 Guide)
- All About Aliyah
- Mar 11
- 3 min read
Updated: Mar 12
Opening a bank account is one of the first steps after making Aliyah. A local bank account is essential for receiving government benefits, paying bills, and managing everyday expenses.
This complete guide will help new Olim understand everything they need to know to open a bank account in Israel smoothly.
Choosing the Right Account
As a new Oleh, most banks offer accounts tailored for Olim.
These accounts often include:
Waived monthly fees for a period of time
Debit cards and sometimes checkbooks
English or multilingual customer service
Assistance with receiving government benefits
Documents You’ll Need
To open your account, make sure you have:
Teudat Oleh – Your official immigrant certificate
Teudat Zehut (ID card) – Even a temporary one works initially
Passport – For identity verification
Proof of Address – Rental contract, absorption center letter, or utility bill
Visa/Immigration Documents – Showing your legal status
Tip: Bring both originals and copies of all documents to avoid delays.
The Process to Open a Bank Account in Israel
Here’s what usually happens when opening a bank account:
Schedule or Visit a Branch – Some banks allow walk-ins, but appointments are faster.
Fill Out Forms – Staff will guide you through account setup; English support is often available.
Choose Your Account Type – Most new Olim start with a current (checking) account with a debit card.
Set Up Online Banking – Connect your email and phone for secure transactions.
Bank and ATM Fees (Amlot - עמלות)
In Israel, banks may charge Fees (Amlot - עמלות) for certain transactions, such as:
ATM Withdrawals – Using an ATM that isn’t affiliated with your bank may incur a fee.
Transfers Between Banks – Some banks charge for interbank transfers, though many now offer free online options.
Special Services – Requesting official statements, checks, or additional cards can also carry fees.
Helpful Tips for Olim
Students, IDF, and Sherut Leumi: Mention it to the bank. You may be entitled to waived Amlot.
New Olim: Always ask your bank about waiving Amlot and check what special offers they have.
Annual Review: At the end of each year, ask about waiving Amlot for the following year. If they refuse, casually mention you're considering switching banks — almost always, they’ll find a way to remove them. This trick works every year.
Don’t Leave the Bank Without This!
Before you leave the bank, make sure you get a confirmation letter showing that your account is open and active.
This document is required to start receiving your Sal Klita payments from Misrad Haklita — no confirmation letter means no money.
And don’t worry: if the bank doesn’t print it for you, you can always download the confirmation through your online banking account or banking app.
Every bank in Israel allows digital access to this certificate anytime.
Tip: Keep your account information and PIN secure, and notify the bank if your address changes.
Common Questions
Q: Can I open a bank account before arriving in Israel?
A: Generally, banks require you to be physically in Israel and have a Teudat Oleh, though some allow online pre-registration.
Q: Are there fees for new immigrant accounts?
A: Many banks waive fees for the first year, but terms vary — always check with your bank.
Q: Do I need a credit history in Israel?
A: No. New Olim can start with a basic current account, and your credit history will build over time.
Q: How soon can I receive government benefits?
A: Once your account is open and linked to your Teudat Zehut, you still need to have Misrad HaKlita activate your benefits, such as Sal Klita, before they are deposited.
Final Tip
Always review your Amlot - עמלות (Bank Fees) at the end of each year. Banks are often flexible about waiving or reducing these fees — and if they aren’t, a simple mention that you’re considering switching banks usually motivates them to offer a better deal.
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