General Information

Forex Account Management

Background

Managing Forex accounts pursuant to the customer's types of account

Taxation

Source of Money

Background

Type of Account/Customer

Interest subject to income tax deduction at source

Forex transfers 
from Israel overseas, or 
acquisitions with Israeli currency

Individual Forex accounts are intended for each customer who is a citizen of Israel and who is not a Corporation. In this account you can manage a current-account and/or or deposits in various currencies

Individual forex deposit – A Forex deposit for individuals who are citizens of Israel

The interest is subject to income tax deduction at source.

Forex transfers from Israel or from overseas or acquisitions of Israeli currency.

This forex account is intended for customers who are citizens of Israel who are defined as corporations. In this account you can manage current accounts and forex deposits in various currencies.

Corporate forex deposit - A corporate forex deposit for Israeli citizens, you can manage a current account and/or
deposits in various
currencies.

The interest is exempt from tax deductions.

Reparations for Nazi victims.

A reparations Forex account is intended for recipients reparations because of Nazi persecution. You can manage a current account and/or deposits in various currencies in this account.

Reparations Forex account – Reparations Forex account.

The interest is exempt from tax deduction (in cases defined in the law)

Forex transfers from overseas (conditional on an affidavit that the money was at your disposal outside of Israel prior to immigrating into Israel)

This Forex account is intended for new immigrants, who are exempt from income tax payments on interest in the account in certain instances if you are a new immigrant, you can manage the forex account as a current account and/or deposits, in various currencies.

New immigrant Forex deposits – Forex deposits for new immigrants.

The interest is exempt from tax deduction (in cases defined in the law)

Forex transfers from overseas (conditional on and affidavit that the money was at your disposal outside of Israel prior to returning to Israel)

This forex account is intended for returning citizens, / contracts and portfolios, which are exempt from income tax payments on interest in the account in certain instances. If you are a returning citizen you can manage the forex account as a current account and/or deposits, in various currencies.

A returning citizen forex deposit – A forex deposit for returning citizens

The interest is exempt from tax deduction (in cases defined in the law)

 

If you are a foreign citizen, in this account you can manage a current account and/or deposits in various currencies.

Foreign citizen forex deposit

 

 

* All subject to the bank's procedures
* Full and additional details are available at the branches.

 

Holidays overseas (The table is updated every quarter).