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How to send money to Israel

Learn how to send money to Israel with an international money transfer service.

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The Israeli shekel is frequently traded on international markets, which means you have quite a few options for sending money to those living in Israel. By taking the time to compare transfer fees, exchange rates and turnaround, you can find a good deal that won't break the bank.

Send money to Israel with SendFX

SendFX International Money Transfers

  • Fee-free transfers
  • 30+ currencies
  • Easy to use

Send money to Israel with SendFX

SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

  • Minimum transfer amount: $2,000
  • Online transfer fee: $0
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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
AUD 1 Same day AUD 0.00 2.393 ILS
11,964
Get fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 2,000 1 day AUD 0.00 2.395 ILS
11,976
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 2.395 ILS
11,976
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 250 1 - 2 days AUD 15.00 2.395 ILS
11,940
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 2.395 ILS
11,976
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 1 Same day AUD 3.99 2.376 ILS
11,870
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.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 2.381 ILS
11,886
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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.

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

They can help you with all your needs including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

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 US 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 specialists

Most major US banks can conduct transfers between the US 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.

Let's crunch the numbers: Sending $5,000 to Israel

To get an idea of costs, let's compare numerous transfer options and associated fees. This table uses real fees and exchange rates and is current as of November 26, 2019.

Bank transferCash transferMoney transfer service
Fee$12 + additional correspondent bank fees$20$0
Exchange rate1 AUD = 2.1349 ILS1 AUD = 2.1700 ILS1 AUD = 2.253 ILS
Transfer speed2-4 daysMinutes1-2 days
Amount receivedILS 10,648ILS 10,806ILS 11,265
Overall
  • Slowest and most expensive
  • Fastest
  • Best value

The bank option is slow and results the least amount of money to your recipient. 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 617 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 a good deal, you'll have to keep an eye out for a strong rate. But because the Israeli shekel is weak against the Australian dollar, you can send at least two to three shekels for every dollar you spend.

Live AUD–ILS exchange rate

What are my transfer method options?

  • Bank transfers. You can send funds from your bank account to the account of your recipient in Israel.
  • Online money transfer providers. Companies like SendFX allow fast and affordable online transfers from the Australia 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 as cash from thousands of agent locations across Israel.
  • Checks. Another option is to get an international guaranteed check from your bank and mail it overseas.

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.

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 competitive 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. Read our guide to money transfers to get an idea of the general process before you send your next remittance.

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More guides on Finder

International Money Transfer Offers

Important Information*
Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

Logo for SendFX International Money Transfers
SendFX International Money Transfers

SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.

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