Discover how to make a money transfer to Israel with the best rate in four easy steps
Even though the evolution of the currency market is impossible to predict, it never hurts to stay on top of it in order to optimize how many the recipient will get. You should set-up our smart alerts to frequently check the ILS mid-market rate against your currency.
What is the most important for you? The total cost, speed of transfer, customer reviews? Examine the pros and cons before making your decision.
In addition, it is important to take into account the pay-in and pay-out options. You will often find money transfer providers allowing you to wire the money from your bank account, others will also allow you to pay with your debit and credit cards. On the other side of the transfer, you often have to decide if you want the money to be sent directly to the recipient's bank account or received in cash (from an agent location).
The last step is to sign up on the money transfer provider's homepage - be prepared to give an ID document and/or a proof of adress - and configure your money transfer to Israel.