Types of Account

Youth Account

"Liberal" (Rosh Gadol) Account Management Fees for Youths

Exemption from commissions on transactions executed via a teller (without any minimum)

Exemption from commissions on transactions executed via the direct channel (without any minimum)

Two free checkbooks per year
Exemption from a credit allocation commission
Direct Telebank, mercantile@internet and Personal Mercantile - SMS free of charge

A Credit Card in the "Liberal" (Rosh Gadol)" Program for Youths

A free "Rosh Gadol" card for the first two years (will be provided pursuant to written parental consent)
Forex in the "Rosh Gadol" program for youths.
A 50% discount (without any minimum) on exchange commissions on acquisition/sale of forex
A 50% discount on exchange rate differentials
A 0.5% discount on the commission for a cash acquisition/sale of forex

Securities 

A 0.4% discount on the acquisition/sale of Israeli securities on the TASE  
(Subject to a minimum commission)
A 0.35% discount on the acquisition/sale of securities traded overseas
(Subject to a minimum commission)
Management fees on a securities account in Israel: 0.100% per quarter (subject to a minimum commission)
Management fees on a securities account overseas 0.125% per quarter (subject to a minimum commission)
Repayment of the commission for transferring a file from another bank

Are you interested in opening a "Rosh Gadol" account for youths?

 Visit one of the Mercantile branches or call *2524.

Remarks:

* A young customer at Mercantile is aged 16 to 19
* Extending credit and a credit card is conditional on the approval of the branch manager and subject to furnishing suitable collateral by the customer
* Subject to the bank's procedures
* The bank is entitled to stop the campaign at any time and without advance notice.
* The bank does not undertake to accept any customer.