Send money to Israel

How to send money to Israel

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

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.
TransferWise International Money Transfers

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TransferWise gives you the real exchange rate when you send money overseas.

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    Compare transfer options for sending money to Israel

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    NZD 0 1 day NZD 0.00 2.388 ILS
    23,884
    Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
    NZD 0 Within an hour NZD 3.99 2.376 ILS
    23,755
    An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
    AUD 250 1 - 2 days NZD 15.00 2.385 ILS
    23,812
    A higher exchange rate applies to non-finder customers. Send money in 45 currencies. No fee if you transfer over AUD$10,000. Go to site Show details
    NZD 200 1 day NZD 0.00 2.386 ILS
    23,860
    TorFX guarantee to beat any competitor's exchange rate for a transactionConditions apply Go to site Show details
    NZD 2,000 2 days NZD 0.00 2.388 ILS
    23,877
    Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
    A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.
    Go to site Show details
    NZD 1 1 - 2 days NZD 150.00 2.398 ILS
    23,620
    Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
    NZD 5 1 - 2 days EUR 3.00 2.362 ILS
    23,620
    Go to site Show details
    NZD 10,000 1 - 2 days NZD 0.00 2.357 ILS
    23,572
    Go to site Show details
    GBP 10,000 1 day NZD 0.00 2.352 ILS
    23,524
    Go to site Show details

    Compare up to 4 providers


    The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.

    Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

    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 New Zealand 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 New Zealand can conduct transfers between New Zealand 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.

    Tom sends money to Israel

    Tom is working and living in New Zealand and wants to send $5,000 home to Israel to support his parents. Eager to ensure that as much of his money makes it to his parents as possible, Tom compares the fees and exchange rates of his bank and an online money transfer company. The results of his comparison are shown in the table below:

    BankMoney transfer company
    Exchange rate1 NZD = 2.41 ILS1 NZD = 2.45 ILS
    Transfer fee$20$10
    Transfer methodBank account depositBank account deposit
    Processing time2 to 4 business days2 business days
    Amount received (in Israeli New Shekels)12,030 ILS12,240 ILS

    As you can see, not only can Tom save $10 in fees when he sends his funds with a money transfer company, he can also send an extra 210 shekels to his parents.

    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 New Zealand 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.

    Live NZD-ILS exchange 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 sizable 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.

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