Israel (IL)
Start-Up Nation with world-class tech ecosystem, rich ancient history, stunning Mediterranean beaches, and a vibrant expat and immigrant community.
Currency & Money
Practical money tips for living in Israel.
Denominations
Coins: 10 agorot, 50 agorot, 1₪, 2₪, 5₪, 10₪. Notes: 20₪, 50₪, 100₪, 200₪.
Payment Culture
Credit and debit cards dominate in urban areas. Contactless payments widely supported. Cash needed for markets, small businesses, and some services. Cheques (hamchaot) used in some business and rental contexts but declining. Bit app is the dominant P2P payment method.
ATM Tips
Widely available from Bank Hapoalim, Leumi, and Discount Bank. Always choose "charge in local currency" (ILS) to avoid dynamic currency conversion fees. Foreign cards incur fees of NIS 10–20 per withdrawal.
Exchange Tips
Airport rates are poor. Use city exchange offices (e.g., HaMafia, Planet) or your bank. Wise is recommended for international transfers. Avoid changing money at hotels.
Pro tip: Best apps for expats
- • Wise — Send money internationally at near-interbank rates
- • Revolut — Multi-currency account, free ATM withdrawals (limits apply)
- • N26 — German IBAN, free account, good for EU residents