How to send money to Israel
Find out how to transfer money to Israel at the best ILS rate in four easy steps
1. See if the ILS exchange rate is favorable
Although the evolution of the exchange rate is fluctuating, it can help you save money to follow it so that you can maximize how much you will get for your money. We advise our users to set-up our smart alerts to stay updated about the evolution of the mid-market.
2. Make your choice among the 25 providers available to send money to Israel in order to select the best option.
We list quite a few providers to transfer money to Israel, such as TransferGo, TransferWise, Western Union, MoneyGram, Currencies Direct. Going with the right provider from the more than 25 available options is the best way to save on costs.
3. Pick the best service for your personal needs
Based on which criteria will make your choice? Price, speed, customer ratings? Examine the pros and cons before making your decision.
Another important aspect is to take into account the pay-in/out methods. Credit cards, debit cards or a bank transfer are the most often available payment methods to send money to Israel online. On the recipient's side in Israel, look at different options if you need the amount in ILS to be deposited on a local bank account or available for pick-up in cash at an agent location.
4. Sign up and start your transfer with the service you selected
The last step is to sign up on the provider's online portal - be aware you will often need to provide a copy of your ID and/or a proof of adress - and configure your money transfer to Israel.