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Israeli Banks Launch Mobile App Deposits for Post-Dated Checks
Summarized from Ynetnews by baba
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Israeli banks have introduced a new mobile app feature enabling the deposit of post-dated checks up to 100,000 shekels. This service, mandated by the Bank of Israel, allows 24/7 deposits for checks dated up to 13 months in the future.
The story in 5 lines · by baba
- Israeli banks now accept post-dated checks via mobile apps.
- The Bank of Israel mandated the new deposit service.
- Deposits are limited to 100,000 shekels per check.
- Checks can be dated up to 13 months ahead.
- The service is available 24/7, removing branch visit necessity.
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