The Bank of Israel published details of a banking-fee reform that will cap private customers at 10 shekels per month for the first 100 transactions, and five shekels for customers who make two or fewer monthly transactions. Additional transactions beyond 100 will cost up to one shekel each. The new model takes effect in July 2027, according to the Bank of Israel.
The Bank of Israel has published the detailed fee structure of its banking reform for households, initially announced earlier this month. For private customers, the new model sets a monthly ceiling of 10 shekels for the first 100 transactions. Customers who make zero to two transactions per month will pay at most 5 shekels. Additional transactions beyond the first 100 can cost up to one shekel each. The reform is scheduled to be implemented in July 2027. As The Zioneer reported earlier, the broader reform also covers small businesses and is meant to ease banking costs for households and micro-enterprises. The published figures are the first detailed breakdown of pricing since the initial announcement.
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Source and signal
- Internal intake