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Hundreds of Thousands Overpay Bank Fees in Israel, New Caps to Ease Costs

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Hundreds of Thousands Overpay Bank Fees in Israel, New Caps to Ease Costs
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מאת עוזי גרסטמן

דווח לראשונה בCalcalist · Jul 28, 2026

מה קרה

A Bank of Israel report shows average monthly bank fees for accounts and debit cards rose to 31.6 shekels, with many customers overpaying by up to four times. Smaller investors pay higher fees, and those without fee plans face steep costs. Digital banking and upcoming reforms, including fee caps starting October and a unified account service by 2027, aim to reduce these expenses.

  • 01Average monthly bank account and debit card fees rose 8.6% to 31.6 shekels.
  • 02Securities fees now represent 33% of household bank fee income, surpassing account fees.
  • 03Small investment portfolios pay up to double the management fees of larger ones.
  • 04Customers without fee plans can pay up to four times more per transaction than those with plans.
  • 05Digital transactions cost about 70% less than teller transactions, yet many still pay higher fees.
  • 06New regulations from October will cap debit card fees and unify account management fees by 2027.

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סיקור מלא · 3 מקורות

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סיפורים קשורים

Bank of Israel unveils fee cap reform aimed at cutting banking chargesJun 22, 2026Israeli regulators move to overhaul bank investment fees after record chargesJun 24, 2026How to Avoid High Foreign Currency Fees When Paying AbroadJul 27, 2026Israeli Credit Card Companies Demand Bank of Israel Halt Unilateral Fee Hike by ShvaJul 1, 2026Investment Firms Offer Cheaper Entry but Costly Exit Compared to Banks in IsraelAug 27, 2026High Credit Card Interest on Fixed Payments Can Cost Israeli Consumers ThousandsJul 28, 2026