The banking industry in Israel, similar to EU countries, adopted both the International Bank Account Number (IBAN) system as an identification method for bank accounts regarding cross border transactions, and the SWIFT code system to identify the different banks within Israel. Additionally, Israel’s banking money processing systems support another method used for local ILS transfers only. The bank account details, in this method, can be found in full in the IBAN.
To complete an international transaction, with Covercy, to Israel, you will need the following details:
The Israeli IBAN consists of a bank code, a bank branch and an account number, which are all the bank details required for a local ILS bank transfer. Therefore, while creating a transfer, you can also provide us with the details described below.
In case you need to deliver ILS to your Israeli beneficiary you could also provide the following details:
For the list of Israeli commercial banks and their two-digit codes click here