How to send money to Israel

Your guide to quick, easy and affordable remittances to Israel.

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  • Get the best foreign exchange rates available from this online marketplace
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Compare transfer speed, fees, rates and more in our tables to see which provider is best for your money transfer needs. If you want to send money to Israel just type in how much and the table will show you the most suitable services.

Compare services that send money to Israel from the UK

Table: sorted by a combination of service offering and the amount your recipient will receive

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 5 2 days EUR 3.00 4.284 ILS
4,284
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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GBP 1 Same day GBP 0.00 4.283 ILS
4,283
Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
GBP 50 Same day GBP 2.99 4.263 ILS
4,250
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
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GBP 10 Within an hour GBP 2.00 4.283 ILS
4,274
First two transfers free for new customers.
Instant or 1 hour transfers to over 50 countries, send money directly to bank accounts or over 280,000 cash pickup points.
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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 let you send money to Israel by providing money to a bank or independent money transfer company, which then converts your pound sterling 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 vs money transfer specialists

Most major UK banks will let you send money to 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.

Crunching the numbers: Sending £5,000 to Israel

To get an idea of costs, let’s compare numerous transfer options and associated fees to send money to Israel. This table uses real fees and exchange rates and is current as of 13 April 2020.

Bank transferCash transferMoney transfer service
Fee£25 + additional correspondent bank fees£1.90£0
Exchange rate1 GBP = 4.29 ILS1 GBP = 4.37 ILS1 GBP = 4.44 ILS
Transfer speed2-4 daysMinutesSame day
Amount receivedILS 21,450ILS 21,899ILS 22,228
Overall
  • Slowest and most expensive
  • Fastest
  • Best value

The bank option is the slowest and most expensive way to send money to Israel. If speed is crucial, the cash transfer combines value with nearly instant turnaround. If you decide to go with a money transfer service, your recipient ends up with 778 more shekels and it gets there faster than a bank transfer.

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Foreign exchange rates explained

An exchange rate is used to determine how much a currency is worth when converted into 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 the best deal to send money to Israel, you’ll need to keep an eye out for a strong rate.

Live GBP–ILS exchange rate

What are my transfer options to send money to Israel?

  • 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 the UK to Israel.
  • Money transfer companies with cash pick-up options. Companies like Western Union and MoneyGram will let you send funds overseas that can be picked up as cash from thousands of agent locations across Israel.

How to send money to Israel

As you can see, there is no shortage of choices when it comes to finding the best way 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:

  1. Check out your options in our money transfer table.
  2. When you’ve found a suitable option, click Go to site.
  3. Register with that 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

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 strong exchange rates. Compare your options before committing to be sure you’re choosing the right provider for your needs.

Tips for picking up cash

Exercise a high degree of caution when picking up cash, no matter where in Israel you are. Be sure to:

  • Keep your money hidden.
  • Avoid any questionable parts of town.
  • Deposit the cash you pick up into your bank account as soon as possible.
  • Bring a friend along to provide an extra set of eyes, especially if you’re picking up a large sum of shekels.

Using a credit card in Israel

Bottom line

Israel’s currency is widely traded, so you’ll have access to plenty of options with low fees and competitive exchange rates if you plan to send money to Israel. This means you’ll have to take extra care to be sure you’re going with a provider that really caters to your needs. Read our guide to money transfers to get an idea of the general process before you send your next remittance.

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