- Mercantile
- Types of Account
- Youth
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Open account
YOUNG
Benefits for Youth Accounts
Account Management Fees for Youths
- Transactions performed by a clerk are free of charge (no minimums.)
- Direct-channel transactions are free of charge (no minimums.)
- Two free checkbooks per year.
- Exemption from credit service charges.
- Direct Telebank, Mercantile@Internet, and Personal Mercantile – SMS messages are free.
Credit cards for youth
free for the first two years (For young between the ages of 18 and 19)
Foreign currency through the "Young Leader" program for youth
- 50% discount (no minimums) on exchange commissions on the purchase/sale of foreign currency
- 50% discount on rate differences
- 0.5% bonus rates on the purchase/sale of foreign currency in cash
Securities
- Reduced commission fees of 0.4% on the purchase/sale of Israeli securities on the Tel Aviv Stock Exchange (subject to minimum commission)
- Reduced commission fees of 0.35% on the purchase/sale of securities traded abroad (subject to minimum commission) + broker's fee.
- Account management fees for an Israeli securities account: 0.100% per quarter (subject to minimum commission)
- Account management fees for a foreign securities account: 0.100% per quarter (subject to minimum commission)
- Refund portfolio transfer charges for clients from other banks
Interested in opening an account for youth?
Visit a Mercantile branches or dial *5600.
Notes:
*At Mercantile, young clients are defined as between the ages of 16 and 19.
*Provision of credit and credit cards is contingent upon the approval of the branch manager and submission of appropriate guarantees by the client.
* The bank is entitled to stop the campaign at any time and without advance notice.
* The bank does not undertake to accept any customer.