Banks & Finance

Banking in Israel is less competitive and generally offers consumers less of the free services and advantages offered elsewhere, especially when compared to the USA.

People who reside part-time or full-time in Israel often have a need to move funds from overseas to Israel. These money transfers can be a single large amount, or a series of smaller amounts. What they have in common is that Israel money transfers always have some cost involved.

Israel mortgage practices differ significantly from those in the USA and other countries. Successfully securing a mortgage in Israel can be aided by understanding the differences in terminology and lending practices.

Taxes in Israel are an important factor in Aliyah and daily life. The combined tax burden in Israel is high.