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 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
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
Please research each platform mentioned carefully to see if it is right for you. We do not use any affiliate links on this site or work with any of the services mentioned. Tracking your finances properly is an essential part of every financial plan. For some this includes setting an iron clad budget to live … Read more