Israel Allows Mobile Deposits for Post-Dated Checks

The Bank of Israel has announced a new service allowing customers to deposit post-dated checks through their banking applications, eliminating the need to wait until the check's due date. This feature, which began rolling out on September 2nd, enables users to deposit checks up to 100,000 shekels with a maturity date of up to 13 months in advance. The service is expected to be fully operational across participating banks by October.

Customers can now photograph and upload checks, even if the payment date is in the future. The deposited check is then automatically presented for payment on the specified date without further action from the customer. The physical check remains with the customer after the digital deposit, and interbank systems will prevent duplicate deposits by verifying magnetic stripe details and due dates.

This digital option is available 24/7 for "crossed" checks, meaning those marked "for payee only." Participating financial institutions include Bank Hapoalim, Bank Leumi, Discount Bank, Mercantil Discount Bank, Mizrahi Tefahot Bank, International Bank Group, Bank Yahav, ONE ZERO Bank, and Financial Post.

Despite the widespread adoption of digital payments, checks still represent a significant portion of financial activity in Israel. In 2025, check transactions are projected to total approximately 640 billion shekels, accounting for about 5% of all payment methods. Bank of Israel officials believe this new service will save customers time and reduce branch visits, while also offering operational efficiencies for banks.

Ofer Golan, head of the Payments and Clearing Department at the Bank of Israel, stated that checks remain a crucial payment method, and the ability to deposit future-dated checks upon receipt simplifies the process for users. Daniel Hachiyashvilli, the Supervisor of Banks, added that the service particularly benefits households and small businesses that rely on post-dated checks, digitizing a process that previously required separate handling.