Are you looking to transfer money to Israel and not sure what is the best way? Having a look at the different options available to you can help make your decision easier.
You may need to transfer money to a loved one or maybe you are buying a nice holiday home in Tel aviv. Using the best transfer option means you can save money and avoid needless costs.
Your recipient may need you to transfer money to an account in Bank Leumi Le Israel for instance, so going through your own bank to do the transfer is an obvious first choice.
However, going via your bank can have substantial costs that may not seem apparent at first.
To begin with the exchange rate for the Israeli Shekel (ILS) at your bank is expensive, meaning you will not receive as much ILS for your money.
Furthermore, you will be charged a bank fee for every transfer you make. Meaning if you need to make regular transfers to Israel will mean you will incur more costs.
Another option you could use is a money sending bureau. They seem to be a convenient alternative to the bank to transfer money to Israel as they have long opening hours and easy accessibility.
They have the ability to transfer money to a beneficiary that may not have access to a bank account.
However, they ashamedly offer terrible rates of exchange for the Israeli Shekel (ILS) as well as all their other currencies.
In addition, another major drawback with using money sending bureaus is that they charge a substantial 10 – 15% for using their service. This is not a good option to take if you want to save money.
Xendpay can make your transfer to Israel easily and cheaply as they can offer you a good rate of exchange for the Israeli Shekel, and will charge you low fees for doing your transfers!. Xendpay ensures the utmost security for all users on their website by utilising the latest online security protocols and using high-level encryption on all sensitive information.
By registering with us you will be able to transfer money easily and quickly online with our secure and simple online payment service. It even gives you the ability to track your payments giving you peace of mind that your money will arrive safely to Israel!