Bank of Israel introduces bank fees reform
The Bank of Israel is implementing a major reform to current account fees, capping monthly costs at NIS 10 for up to 100 transactions. The new policy expands the scope of services included in basic accounts and will automatically apply to all customers starting in late 2026.
Why it matters
This reform aims to increase transparency and reduce banking costs for individuals and small businesses, potentially setting a new standard for consumer financial protection in Israel.
The Bank of Israel's fee reform on current accounts is underway. As part of the reform, which will come into effect in stages between October 2026 and July 2027, the public will pay up to NIS 10 monthly (NIS 120 annually) for 100 monthly transactions on the checking account. For ongoing payment transactions, a new service has been set in banks called "payment account management", which will have a symbolic and controlled price, and above all - a maximum. At the same time, a maximum price has also been set for collecting the fee for an immediate debit card.
The article reports on government policy changes in a factual, descriptive manner without emotive language.
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