There are a variety of options to transfer money to Israel. But the best solution for you will depend on who you want to transfer the money to and how frequently you intend on doing so.
If you need to transfer money to an account with the Bank Massad or the Bank of Israel then it might be worth enquiring with your local high street bank about ways to transfer money to Israel.
It is often possible to set up a transfer to Israel this way with just one phone call or visit to your current financial services provider.
But you may find that you end up paying an excessive amount for this convenience if you are intending on making regular transfers to Israel.
This is because banks tend to offer poor foreign exchange rates and will also hit consumers with per-transfer fees each time they move money internationally.
If this doesn’t sound like the best way for you to transfer money to Israel then why not look into using a Money Sending Bureau? These establishments can be found on most high streets around the world. Unfortunately, you could find yourself paying even higher per-transfer fee with these poorly regulated establishments, sometimes as much as 15 per cent.
Alternatively, you can look into making a transfer to Israel through a foreign exchange specialist.
Most foreign exchange brokers will offer you a more competitive rate of foreign exchange on the Israeli shekel. But Xendpay can go one further and offer you low fee transfers to Israel!
You can open an online account with Xendpay for free today and find out how much you can save if you transfer money to Israel with us.