Can’t Find Your Checkbook?
It May Be a Problem What are your legal obligations regarding a check? To answer this question I want to bring you a true story from the Israeli Courts. Mr. Doe was a very serious and organized person, but also very “naive”. Mr. Doe used to trust people,...The Power of the Law
What you should know about the Israeli legal system More and more new immigrants are unfortunately getting into trouble with “the law”. The majority of the problems concern monetary issues; therefore it is of paramount importance to explain how the system works. From...Credit Transactions
What is a “credit” transaction (“Iskat Credit”)? This is another example of a uniquely Israeli way of buying with a credit card. When purchasing any type of product in a store you may be asked by the seller if you prefer that the purchase be done by “credit”. Watch...Banking at the Post Office
The Post Office Bank – What services can you get for free
Check Writing in Israel
Paying with Checks – The Danger One of the disadvantages of using a check is the ability of the person holding your check (the person to whom you gave the check to in the very beginning) to pass on the check to a “third party” (this could be anyone). For...Limited Bank Account
Every day in Israel about 15,000 checks are returned (“chozrim”) or bounced. Over one hundred thousand customers have had their accounts restricted following returned checks and there are over two hundred and fifty thousand restricted bank accounts. There is...Mortgages in Israel
Unless you are very rich and have a lot of cash on hand, buying real estate in Israel will almost always involve a mortgage1. If you have any other way to finance a real estate purchase, I strongly advise you to do so and thereby save yourself a “small...Opening a Bank Account
Opening a bank account in Israel
