How to send money to Israel

Let us help you find a quick, easy and affordable way to send money to Israel.

Updated

Fact checked

The Israeli shekel is frequently traded through international markets, which means you have quite a few options when you want to send money to someone living or travelling in Israel. By comparing transfer fees, exchange rates and processing time, you can find a good deal that won’t break the bank. Just be sure to take your time and keep your options open.

Compare transfer options for sending money to Israel

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 10 1 - 2 days HKD 390.00 0.436 ILS
4,191
以透明的匯率,低收費及低最低金額的網上服務作匯款。 Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
USD 100 1 day HKD 15.00 0.43 ILS
4,289
非Finder客戶將獲得較昂貴的匯率。 Better exchange rates for Finder customers.
可用45種貨幣匯款。 Send money in 45 currencies.
Go to site Show details
GBP 5,000 1 - 2 days HKD 0.00 0.43 ILS
4,296
可匯款至20+個國家,無手續費。 Transfer money to 20+ countries with no transaction fees. Go to site Show details
USD 5 1 - 2 days HKD 25.00 0.432 ILS
4,307
新客戶可享有首三個月無限次免手續費匯款。New customers get 3 months of unlimited free transfers.
可用15+種貨幣匯款,享有超越銀行的匯率以及快速轉賬時間。 Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
USD 2,000 1 day HKD 0.00 0.43 ILS
4,296
TorFX保證提供最佳的匯率。需受條款約束。TorFX guarantees to match any competitor's exchange rate.
以30種貨幣匯款到全球。登記後,將會有一個客戶經理提供支持和引導。Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

How do international money transfers work?

International money transfers allow you to send money to a recipient in Israel by providing money to a bank or independent money transfer company, which then converts your Hong Kong dollars to Israeli shekels. This can be done in person, over the phone, through a mobile app or online, and you can use cash, a credit card or transfer funds from your bank account. Depending on the provider, your recipient can either pick up the cash in person or have it deposited into their bank account.

Banks versus money transfer companies/services

Most major banks in Hong Kong can conduct transfers between Hong Kong and Israel, but that doesn’t mean it’s cheap. You’ll generally be charged higher fees and be offered a lower exchange rate when you opt for a bank transfer.

Often, you can get a better deal if you use the services of a specialist money transfer company. Instead of offering a wide range of financial products and services as banks do, money transfer companies focus entirely on moving money internationally. They offer lower fees and better exchange rates than banks, and many allow the transactions to be quickly and conveniently made online.

What are my transfer methods?

  • Bank transfers. You can send funds from your bank account to the account of your recipient in Israel.
  • Online money transfer providers. Companies like CurrencyFair allow fast and affordable online transfers from Hong Kong to Israel.
  • Money transfer companies with cash pick-up options. Companies like Western Union and MoneyGram allow you to send funds overseas that can be picked up from thousands of agent locations across Israel.
  • Cheques. Another option is to get an international cheque from your bank and send it overseas.

Foreign exchange rates explained

Exchange rate is used to determine how much a currency is worth when converted to a different currency. Most currencies are flexible, so they won’t be worth the same amount day-to-day or month-to-month. If you want a good deal, you’ll have to keep an eye out for a good rate.

How to send money to Israel

While the exact transfer method will differ depending on the provider you choose, these are the basic steps you’ll need to follow to send money to Israel:

  1. Check out your options on the money transfer table.
  2. Click Go to site when you’ve found a suitable option.
  3. Register with the provider.
  4. Supply your information and your recipient’s information.
  5. Pay for your transfer.
  6. Save your tracking number to follow up on your transfer.

Emergency transfers to Israel

Emergency transfers to Israel are possible, and because the Israeli shekel is so widely traded, you may even be able to send money to your recipient within a few hours without having to pay high fees. However, you’ll still want to be careful. Not every company offers quick speed, low fees and good exchange rates. Compare your options before committing to be sure you’re choosing the right provider for your needs.

Tips for picking up cash in Israel

Exercise a high degree of caution when picking up cash. Keep your money hidden, avoid any questionable parts of town and deposit the cash you pick up into your bank account as soon as possible. You may also want to bring a friend along to provide an extra set of eyes, especially if you’re picking up a sizeable amount of shekels.


Bottom line

Israel has one of the most widely-traded currencies out there. You’ll have access to plenty of options with low fees and good exchange rates, which means you’ll have to take extra care to be sure you’re going with a provider that really caters to your needs. And check out our guide to money transfers to get an idea on the general process before you start making transfers.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy Policy and Terms.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site