๐Ÿ“Œ Sticky Thread: Opening an Israeli Bank Account โ€“ A Guide for New Olim ๐Ÿฆ๐Ÿ‡ฎ๐Ÿ‡ฑ

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One of the first things youโ€™ll need to do after landing in Israel is open a bank account.
This is essential to receive your Sal Klita payments, salary, government benefits, and more.

This thread walks you through: โœ… What to bring
โœ… Where to go
โœ… How to avoid common delays
โœ… Tips from fellow Olim


๐Ÿฆ Why You Need an Israeli Bank Account​

Youโ€™ll need it for:

  • ๐Ÿ’ธ Sal Klita payments (Absorption money)
  • ๐Ÿ’ผ Getting paid if you work
  • ๐Ÿงพ Paying rent, bills, and setting up utilities
  • ๐Ÿฅ Registering for healthcare (Kupat Cholim)

๐Ÿ“ What to Bring to the Bank​

Bring originals of the following:

โœ… Teudat Oleh
โœ… Passport
โœ… Teudat Zehut (if youโ€™ve already received it)
โœ… Israeli phone number
โœ… Israeli address (even if temporary)
โœ… Optional: Rental contract or letter from host

๐Ÿ“Œ Tip: If you don't have a Teudat Zehut yet, some banks may allow you to open an account with your Teudat Oleh + passport โ€” but this varies by branch.


๐Ÿ—“๏ธ Do I Need an Appointment?​

Yes โ€” most banks require an appointment in advance.

โœ… Call the branch or book online
โœ… Bring a Hebrew speaker if possible
โœ… Be prepared for paperwork and signatures

Some Olim report long waits โ€” try to book this as soon as possible after arrival.


๐Ÿฆ Recommended Banks for Olim​

The major banks in Israel are:

  • Leumi
  • Hapoalim
  • Mizrahi-Tefahot
  • Discount Bank
  • Bank Beinleumi (First International)
Some offer Oleh-friendly accounts with:

  • No fees for the first year
  • English-speaking service
  • Online banking in English
Ask about Oleh benefits before signing anything.


๐Ÿงพ After Opening the Account​

Once your account is open:

โœ… Get your account number and IBAN
โœ… Make sure itโ€™s linked to your Misrad HaAliyah profile
โœ… Give details to Kupat Cholim, landlord, or employer as needed

๐Ÿ“Œ You must update the Jewish Agency or Misrad HaAliyah with your bank info to receive payments.


๐Ÿ’ก Tips from Fellow Olim​

๐Ÿ’ฌ โ€œI brought a friend who speaks Hebrew โ€” it made everything smoother.โ€
๐Ÿ’ฌ โ€œDiscount Bank had a special rep for Olim and helped set up online banking in English.โ€
๐Ÿ’ฌ โ€œBring two copies of everything. The teller needed extra.โ€
๐Ÿ’ฌ โ€œAvoid Fridays โ€” too crowded. Try early in the week.โ€


๐Ÿ›Ÿ Need Help?​

Feeling overwhelmed?

Easy Aliyah can: โœ… Help you book appointments
โœ… Go over your documents
โœ… Liaise with banks if youโ€™re stuck
โœ… Make sure everything is linked to Misrad HaAliyah properly

Visit EasyAliyah.com for personal support.


๐Ÿ’ฌ Questions? Ask Below​

Drop your bank-related questions here โ€” and please donโ€™t post personal account details publicly.

You can also DM a moderator for help or connect with other Olim in your city.
 
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