How to send money to Israel
Find out how to transfer money to Israel with the best ILS exchange rate in a few easy steps
1. Check if the ILS exchange rate is in your favor
Even though the evolution of the exchange rate is uncertain, it can help you save money to stay on top of it to maximize how many your recipient will receive. Keep track of the evolution of the Israeli new shekel exchange rate and validate your transfer when the exchange rate reaches your target level.
2. Find the best option by comparing all money transfer companies.
There are many companies to transfer money to Israel, such as TransferGo, TransferWise, Western Union, MoneyGram, Currencies Direct. Sending money with the right service from the available options is the best way to save on fees and exchange rate.
3. Select the best money transfer company for your specific needs
Do you want to send money to Israel at the lowest overall cost, as fast as possible or with the provider with the best ratings?
Another important aspect is to pay attention to the payment solution and pay-out options. Local bank transfer, debit and/or credit cards are the most common pay-in methods to send money to Israel online. In Israel, select the right option, whether you need the converted amount to be deposited on a local bank account or be available for cash pick-up.
4. Sign up and get started wih your money transfer to Israel with the provider you selected
Now, simply complete the sign-up form on the provider's online portal - be prepared to upload a copy of your ID and/or a proof of adress - and get started with your transaction.