What is the cheapest way to send money to Israel? (2023)

What is the best way to send money to Israel?

PayPal is available for all Israeli citizens, even to Israeli settlers residing in illegal settlements in the occupied West Bank.

and enjoy NO COMMITIONS ON YOUR FIRST TWO TRANSFERS! For sending or receiving money in minutes – the Western Union International Money Transfer Service – EXCLUSIVELY IN ISRAEL at these post office branches. This service enables you to transfer money to and from Israel in minutes, without a bank account.

Money remittance giant MoneyGram arrives in Israel.

In order to use Zelle®, the sender and recipient's bank accounts must be based in the U.S.

Cash App does not work internationally — you cannot make payments to someone in a different country. Cash App can only be used to send money within the country you live, and the service is only available in the US and UK.

All you need to do is: Select Western Union Money Transfer option inside your Israel Post online banking account. Enter receiver's and sender's details, destination country, purpose of transaction and the amount you wish to send. Review transaction details and authorize the transfer.

Does Israel have Google pay?

Google launched on Tuesday its payment app service, Google Pay, in Israel. Most Israeli smartphone users – those with Google's Android operating system with version 5.0 and up, who make up about 80 percent of all smartphones in Israel – can now make purchases in stores using Google Pay.

Since Venmo is not an international money transfer service, you cannot send money outside the US with it.

Money transfer services can cost less than bank fees

For example, with Western Union, you can send money online to bank accounts around the world for no transfer fee when you pay with POLi. You can also take advantage of no transfer fees for international bank transfers over $5,000.

PayPal fees are not cheap which is why some customers are put off by the idea of using the company for international money transfers. While domestic transfers are fee-free and instant, funds transferred to a different currency will incur charges of 3% per transaction.

Fees for money transfers within the US

To send $100 from your bank account to their bank account still carries a significant fee of $14.00. Sending the same amount from your credit card as a cash pickup will cost you $20.50. The maximum you can send in one day is $5,000, and the highest fee we've seen is $243.

$30.00 per transfer $10,000 or less. $50.00 per transfer $10,000.01 to $50,000. $80.00 per transfer over $50,000. Up to $15.00 per transfer.

Overall winner for Western Union vs MoneyGram rates and fees - It's a tie! Western Union and MoneyGram provide similar payouts. Western Union tends to provide cheaper fees while MoneyGram generally provides better exchange rates.

We currently don't offer any mobile money service to the Middle East. Please check back often as we are continually adding new countries and services.

How much does MoneyGram charge to send $2000?

The fee for a transfer with MoneyGram varies depending on the amount you want to transfer. MoneyGram charges a flat $5 fee to send amounts between $1 to $49 and a flat rate of $11.50 on amounts between $50 and $499. The fee on amounts of $500 and above is 2%. There is also a maximum amount of $10,000 per transfer.

Bank Transfer

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money. Read more how to use bank transfers as a payment option.

ALL the countries has this options, but only Israel does not.

Apple Pay launched in Israel in May 2021, and all bank and credit card companies in the country support Apple Pay. Not all credit cards are supported, however.

Thee only places where you will charged and can pay in US Dollars are at major hotels ‎and car rentals. Shops, restaurants and most other places all charge in local Israeli currency. You ‎may be able to pay here and there in US Dollars or Euro, especially at tourist shops, but you will get a bad ‎exchange rate.