Israeli Banking Regulator Launches Online Workshops to Help Consumers Manage Overdrafts

Daniel Hachiahuvili, the Supervisor of Banks in Israel, announced a new series of digital educational sessions aimed at improving public awareness about responsible financial management, particularly regarding overdraft balances. These webinars, organized by the Banking Supervision Department in cooperation with the Israeli Banks Association and credit card companies, are part of ongoing efforts by the Financial Education Forum to enhance consumer knowledge and financial well-being.

The initiative focuses on helping households better manage their bank accounts and credit card relationships by providing practical tools for budgeting, cash flow management, and reducing costs associated with banking services. The sessions will emphasize the importance of tracking income and expenses, maintaining a responsible budget, and strategies for handling overdraft situations.

This annual educational campaign aims to close information gaps and empower consumers to exercise their rights and improve their financial health. The Supervisor of Banks invited the public to register for the upcoming webinars to gain deeper insights and practical advice on managing personal finances effectively.