Doing business In Israel – 4 tips for selecting a bank



Want to know the four most important tips when starting a business activity in Israel?


Today we are going to talk about 4 important tips in order to choose your bank account, for your international business activity in the state of Israel.

  1. you need to choose the right bank and you need to choose a big and familiar bank. Israel have over ten different kind of banks, but only four big banks that you should choose one of them.
  2. You need to have an English speaker staff in the bank. You do make sure that your staff in the bank is familiar with English, can contact you in English, to talk with you in English, write emails, etc. The right staff should be familiar with English, and then you could have a good connection with your staff at the bank.
  3. if you want to have an international activity in the states of Israel, you have to make sure that your bank account has an English website of the bank. In addition, you need to make sure that you get online access to your bank account, with an online access and personal password you will be able to access the bank, to have payments for suppliers, to have an international transaction and you can work alone in the state of Israel with your bank.
  4. the official currency in Israel in Israel is the “Shekel”(NIS), but if you want to have an international transaction through your bank account, you also need to open a bank account that not only in “Shekel” but also, in US dollar or in Euro etc. That will save your money and that will save commission, during your financial activity in Israel.