Find out how to make a money transfer to Israel at the most competitive cost in 4 easy steps
Converting your money on a day where the exchange rate is favorable gives your more ILS for your money. Follow the evolution of the Israeli new shekel exchange rate and send the money when the mid-market rate is close to its highest level of the last few days.
Which criteria is the most important for you? Exchange rate and fees, speed of the transaction, number of positive evaluations? Evaluate the pros and cons of the different options before deciding which provider to use.
Another important aspect is to take into account the pay-in and pay-out options. You can find providers offering to you the option to send the money from your bank account, other providers will also allow you to pay with your debit and credit cards. In Israel, choose if you need the amount in ILS to be transferred to your recipient's account or received in cash (from an agent location).
It is now time to sign up on the provider's online portal (you most of the time have to upload some documents to confirm your identity), and provide the details of your transfer.