You work hard for your money, your money should be working hard for you. If you are able to earn more than you spend, the next step is to take a proactive approach to managing your money. The goal of this article is to guide you through a simple process for optimizing your finances and … Read more
From 2016-2019, Israel joined countries around the world in beginning to use a robust credit data system. Financial information is collected by the Bank of Israel and used by authorized scoring agencies to assign a credit score to every citizen over 18. This score provides banks, credit card companies, and other lenders with a barometer … Read more
The information contained in this article is for general educational purposes and should never be viewed as specific investment, tax, or legal advice. In January 2017 the Israeli government opened an account for every Israeli child under 18 (“חיסכון לכל ילד“). Since then, money has been deposited in to these accounts each month and all … Read more
We have been getting a lot of questions lately around financial safety. Is my money safe in Israel? Where is the best place to keep my savings – in Israel or elsewhere? If I am making Aliyah, should my money be making Aliyah with me or stay right where it is? It is important to … Read more
The revenue of Israeli banks just keep going up. While much of their profits stem from places you would expect, like interest from mortgages and loans, fees and commissions continue to make up a significant portion of bank profits. The fact is that many Israelis are paying unnecessary fees to their bank – this guide … Read more
You may have heard that Israeli credit card rewards and perks are just not that exciting… relative to cards in many other countries, this is definitely true. Most Israeli credit cards have high fees with close to 0 benefits. That being said, there are some cards here with significant advantages over the standard card issued … Read more
The information contained in this article is for general educational purposes and should never be viewed as specific investment, tax, or legal advice. You probably have heard the news by now. Inflation is high across the world and interest rates are rising, fast. While many of our financial “buckets” have hit some large bumps in … Read more
Navigating multiple financial systems effectively has always been a challenge to contend with for those of us who move to Israel. The good news is that innovation and competition are leading to simpler and more cost-effective solutions to some of the common money-management obstacles many of us Olim face. Advancements in financial technology are making … Read more
The information and links contained in this article are for general educational purposes and should not be viewed as recommendations of any product or service. It is highly recommended that you maintain a US checking account when you move to Israel. Many US checking accounts are free to open with no monthly fees attached and … Read more
Israel is a fantastic country with amazing people. Unfortunately, a small group of highly effective scammers based in Israel continually give this country a black eye. A recent government report found internet fraud to be the most lucrative form of criminal activity in Israel and it’s only growing. As a country with a booming economy, … Read more