What special saving is enabled transferring foreign currency to an Israeli bank, where Currenge holds an account, and you don’t?
As there is an about 0.2% fee, both for transferring and receiving foreign currency, with minimum and maximum amounts, transferred between two Israeli separate banks, such a transfer may cost you about 0.4% of transferred monies.
However, such a transfer, only if done by the same legal entity, has a controlled regulated price of $10. Thus, on some certain scenarios, transferring foreign currency between separate Israeli banks with Currenge, may enable you of addiotnal savings of close to 0.4% of transferred amount.
As of the beginning of May 2023, Currenge holds bank account, with HaPoalim, Discount, First International bank of Israel, and Mizrachi-Tefahot banks.
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