Israel Allows Mobile Deposit of Post-Dated Checks Up to NIS 100,000

Starting this week, a new service enabled by the Bank of Israel allows customers to deposit post-dated checks for future payment through their bank's mobile applications for the first time. The central bank announced that this new feature will permit the deposit of checks marked 'for beneficiary only' up to a value of 100,000 shekels and with a maturity date up to 13 months in the future.

The service will be available continuously, 24 hours a day, seven days a week, eliminating the need to visit bank branches. A photograph of the check will be stored by the bank and presented for payment on the requested date.