Bank of Israel Reforms Slash Fees on Debit Cards and Returned Checks
How 2 Israeli newsrooms (in Hebrew, Russian) covered this story — translated into English and compared side by side.
By שקד גרין ערבה
What happened
The Bank of Israel is implementing reforms to reduce banking fees, capping debit card charges at NIS 7 monthly and eliminating fees for returned checks due to technical reasons, effective immediately. A more significant overhaul in 2027 will introduce a fixed monthly account management fee instead of per-transaction charges.
- 01Bank of Israel reforms reduce debit card fees to NIS 7 monthly.
- 02Fees for checks returned for technical reasons are eliminated.
- 03A new fixed monthly account fee replaces per-transaction charges in 2027.
- 04Mortgage repayment date changes capped at NIS 5 for first four yearly changes.
- 05Built-in debit card fee exemption ending in July.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
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