How to send money to Israel from Australia with the best AUD-ILS rate

Of the 5 companies we analysed, Wise is the cheapest app overall for sending A$2,000 to Israel.

On a 2,000 AUD transfer it will get your recipient 4,308.08 ILS.

Best companies for AUD/ILS transfers

5 of 5 providers

Last updated on 28 October 2026

Based on 2,000 AUD transfer

Best companies for AUD/ILS transfers

Sort Cheapest
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Wise

Pay via Bank Transfer
Fees: $11.77 1 AUD = 2.1668 ILS -0.03% vs mid-market Recipient gets ₪4,308.08 Within minutes
Receive to bank accountDedicated support for large transfers

Ways to receive money in Israel with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$11.771 AUD = 2.1668 ILS
₪4,308.08You pay$2,000.00

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Showing top Australia to Israel deals for 2,000 AUD. Do a live search with your exact amount for today's best rates.

Wise

Pay via Bank Transfer
Fees: $11.77 1 AUD = 2.1668 ILS -0.03% vs mid-market Recipient gets ₪4,308.08 Within minutes
CheapestFastestRecommended
Receive to bank accountDedicated support for large transfers

Ways to receive money in Israel with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$11.771 AUD = 2.1668 ILS
₪4,308.08You pay$2,000.00

Wise

Pay via Osko
Fees: $11.77 1 AUD = 2.1668 ILS -0.03% vs mid-market Recipient gets ₪4,308.08 Within minutes
Receive to bank accountDedicated support for large transfers

Ways to receive money in Israel with Wise when paying by osko.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$11.771 AUD = 2.1668 ILS
₪4,308.08You pay$2,000.00

OFX

Pay via Bank Transfer
Fees: $0.00 1 AUD = 2.1521 ILS +0.65% vs mid-market Recipient gets ₪4,304.23 6-12 Hours
Receive to bank account

Ways to receive money in Israel with OFX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 AUD = 2.1521 ILS
₪4,304.23You pay$2,000.00

Wise

Pay via Debit Card
Fees: $17.29 1 AUD = 2.1668 ILS -0.03% vs mid-market Recipient gets ₪4,296.12 Within minutes
Receive to bank accountDedicated support for large transfers

Ways to receive money in Israel with Wise when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$17.291 AUD = 2.1668 ILS
₪4,296.12You pay$2,000.00

Currencies Direct

Pay via Bank Transfer
Fees: $0.00 1 AUD = 2.1473 ILS +0.88% vs mid-market Recipient gets ₪4,294.60 6-12 Hours
Receive to bank account

Ways to receive money in Israel with Currencies Direct when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 AUD = 2.1473 ILS
₪4,294.60You pay$2,000.00

Wise

Pay via Credit Card
Fees: $30.80 1 AUD = 2.1668 ILS -0.03% vs mid-market Recipient gets ₪4,266.84 Within minutes
Receive to bank accountDedicated support for large transfers

Ways to receive money in Israel with Wise when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$30.801 AUD = 2.1668 ILS
₪4,266.84You pay$2,000.00

Moneycorp

Pay via Bank Transfer
Fees: $0.00 1 AUD = 2.1272 ILS +1.80% vs mid-market Recipient gets ₪4,254.41 Next Day

Ways to receive money in Israel with Moneycorp when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 AUD = 2.1272 ILS
₪4,254.41You pay$2,000.00

Western Union

Pay via Debit Card
Fees: $0.00 1 AUD = 2.1236 ILS +1.99% vs mid-market Recipient gets ₪4,247.24 Next Day
Receive to bank account or cash pickup

Ways to receive money in Israel with Western Union when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 AUD = 2.1236 ILS
₪4,247.24You pay$2,000.00

Western Union

Pay via Bank Transfer
Fees: $0.00 1 AUD = 2.1236 ILS +1.99% vs mid-market Recipient gets ₪4,247.24 Next Day
Receive to bank account or cash pickup

Ways to receive money in Israel with Western Union when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 AUD = 2.1236 ILS
₪4,247.24You pay$2,000.00
How Our Results Work
Mid-market rate: 1 AUD = 2.1662 ILS Updates every 60 minutes.

How to send money from Australia to Israel

Pick a company

Start with the cheapest, which is Wise at 4,308.08 ILS on A$2,000.

Wise was the cheapest on 6 of the 27 days it quoted A$2,000 transfers to Israel.

Funding is quick whoever you pick, so the choice comes down to the rate and how your recipient collects it.

Fund your transfer

You have 4 ways to pay, including bank transfer, debit card, osko, and credit card.

PayID and Osko move money to the company in seconds at no cost, and PayID shows you the account name before you confirm.

Watch your bank's daily limit on anything large.

Verify and send

First time round you'll need a photo ID, usually a licence or a passport.

A passport and visa are enough if you’re new (you don’t need an Australian credit history).

Compare amounts

How much AUD are you sending to Israel?

How much AUD you send to Israel heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Wise was the cheapest in 15% of the transfers up to A$2,000 it quoted, and in 31% of all the transfers it quoted.

Cheapest service
$1,0000.65%$0.00₪2,162.13with bank transfer to bank deposit+₪31.26
$1,5000.65%$0.00₪3,243.20with bank transfer to bank deposit+₪27.47
$2,000This page-0.03%$11.77₪4,308.08with bank transfer to bank deposit+₪27.32
$3,0000.33%$9.50₪6,466.41with bank transfer to bank deposit+₪44.72
$7,5000.30%$0.00₪16,230.12with bank transfer to bank deposit+₪120.07
$12,0000.25%$0.00₪25,994.27with bank transfer to bank deposit+₪159.69
$15,0000.25%$0.00₪32,538.75with bank transfer to bank deposit+₪211.51
$50,0000.20%$0.00₪108,596.17with bank transfer to bank deposit+₪690.10
$100,0000.20%$0.00₪216,618.69with bank transfer to bank deposit+₪1,218.09
$250,0000.15%$0.00₪541,818.05with bank transfer to bank deposit+₪2,773.71
$500,0000.15%$0.00₪1,084,438.40with bank transfer to bank deposit+₪3,173.19

Mid-market rate: 1 AUD = 2.1662 ILS

AUD/ILS Exchange Rate History

Is today a good time to send money from Australia to Israel?

The cheapest way to send AUD to ILS can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Wise), across 30 days of comparisons for 2,000 AUD transfers to Israel.

ILS received for $2,000, after fees

Wed, 28 Oct 2026Mid-market rate₪4,332.39 Wise ₪4,308.08 With a bank No quoteWise₪4,308.08OFX₪4,304.23Currencies Direct₪4,294.60Extra cost of a bankNo quote

3,900
4,000
4,100
4,200
4,300
4,400
At the mid-market rateWith the cheapest optionWith a bankWiseOFXCurrencies Direct
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1482 – ₪4,296.43
Remitly Cheapest 2.1447 $0.00 ₪4,289.40 −₪7.03
Wise 2.1483 $11.77 ₪4,271.29 −₪25.14
OFX 2.1343 $0.00 ₪4,268.51 −₪27.92
Currencies Direct 2.1304 $0.00 ₪4,260.80 −₪35.63
NAB 2.0691 $0.00 ₪4,138.20 −₪158.23
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1403 – ₪4,280.70
Revolut Cheapest 2.1344 $3.29 ₪4,261.80 −₪18.90
Wise 2.1403 $11.77 ₪4,255.43 −₪25.27
OFX 2.1264 $0.00 ₪4,252.87 −₪27.83
Currencies Direct 2.1236 $0.00 ₪4,247.20 −₪33.50
NAB 2.0774 $0.00 ₪4,154.89 −₪125.81
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1333 – ₪4,266.52
Revolut Cheapest 2.1272 $3.29 ₪4,247.40 −₪19.12
Wise 2.1334 $11.77 ₪4,241.69 −₪24.83
OFX 2.1194 $0.00 ₪4,238.79 −₪27.73
Currencies Direct 2.1167 $0.00 ₪4,233.40 −₪33.12
NAB 2.0774 $0.00 ₪4,154.89 −₪111.63
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1308 – ₪4,261.66
Revolut Cheapest 2.1246 $3.29 ₪4,242.14 −₪19.52
Wise 2.1306 $11.77 ₪4,236.10 −₪25.56
OFX 2.1170 $0.00 ₪4,233.96 −₪27.70
NAB 2.0723 $0.00 ₪4,144.60 −₪117.06
Currencies Direct No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1150 – ₪4,229.92
Xe Cheapest 2.1132 $0.00 ₪4,226.50 −₪3.42
Wise 2.1248 $11.77 ₪4,224.57 −₪5.35
OFX 2.1012 $0.00 ₪4,202.43 −₪27.49
NAB 2.0444 $0.00 ₪4,088.78 −₪141.14
Currencies Direct 1.9844 $0.00 ₪3,968.80 −₪261.12
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1150 – ₪4,229.92
Xe Cheapest 2.1132 $0.00 ₪4,226.50 −₪3.42
Wise 2.1248 $11.77 ₪4,224.57 −₪5.35
OFX 2.1012 $0.00 ₪4,202.43 −₪27.49
NAB 2.0444 $0.00 ₪4,088.78 −₪141.14
Currencies Direct 1.9844 $0.00 ₪3,968.80 −₪261.12
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1168 – ₪4,233.56
Xe Cheapest 2.1136 $0.00 ₪4,227.10 −₪6.46
Wise 2.1168 $11.77 ₪4,208.59 −₪24.97
OFX 2.1030 $0.00 ₪4,206.04 −₪27.52
Currencies Direct 2.1011 $0.00 ₪4,202.20 −₪31.36
NAB 2.0582 $0.00 ₪4,116.34 −₪117.22
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1281 – ₪4,256.19
Revolut Cheapest 2.1217 $3.29 ₪4,236.36 −₪19.83
Wise 2.1281 $11.77 ₪4,231.23 −₪24.96
OFX 2.1143 $0.00 ₪4,228.53 −₪27.66
Currencies Direct 2.1108 $0.00 ₪4,221.60 −₪34.59
NAB 2.0675 $0.00 ₪4,134.97 −₪121.22
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1266 – ₪4,253.12
Revolut Cheapest 2.1206 $3.29 ₪4,234.18 −₪18.94
Wise 2.1266 $11.77 ₪4,228.15 −₪24.97
OFX 2.1127 $0.00 ₪4,225.48 −₪27.64
Currencies Direct 2.1101 $0.00 ₪4,220.20 −₪32.92
NAB 2.0675 $0.00 ₪4,134.97 −₪118.15
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1360 – ₪4,271.95
Revolut Cheapest 2.1295 $3.29 ₪4,251.94 −₪20.01
Wise 2.1359 $11.77 ₪4,246.62 −₪25.33
OFX 2.1221 $0.00 ₪4,244.18 −₪27.77
Currencies Direct 2.1186 $0.00 ₪4,237.20 −₪34.75
NAB 2.0805 $0.00 ₪4,161.06 −₪110.89
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1335 – ₪4,266.94
Revolut Cheapest 2.1275 $3.29 ₪4,247.92 −₪19.02
Wise 2.1338 $11.77 ₪4,242.49 −₪24.45
OFX 2.1196 $0.00 ₪4,239.20 −₪27.74
Currencies Direct 2.1164 $0.00 ₪4,232.80 −₪34.14
NAB 2.0805 $0.00 ₪4,161.06 −₪105.88
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1340 – ₪4,268.01
Remitly Cheapest 2.1263 $0.00 ₪4,252.60 −₪15.41
Wise 2.1380 $11.77 ₪4,250.90 −₪17.11
OFX 2.1201 $0.00 ₪4,240.27 −₪27.74
NAB 2.0609 $0.00 ₪4,121.80 −₪146.21
Currencies Direct 2.0068 $0.00 ₪4,013.60 −₪254.41
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1340 – ₪4,268.01
Remitly Cheapest 2.1263 $0.00 ₪4,252.60 −₪15.41
Wise 2.1380 $11.77 ₪4,250.90 −₪17.11
OFX 2.1201 $0.00 ₪4,240.27 −₪27.74
NAB 2.0609 $0.00 ₪4,121.80 −₪146.21
Currencies Direct 2.0068 $0.00 ₪4,013.60 −₪254.41
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1416 – ₪4,283.21
Wise Cheapest 2.1416 $11.77 ₪4,257.99 −₪25.22
OFX 2.1277 $0.00 ₪4,255.37 −₪27.84
Currencies Direct 2.1243 $0.00 ₪4,248.60 −₪34.61
NAB 2.0852 $0.00 ₪4,170.33 −₪112.88
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1456 – ₪4,291.12
Revolut Cheapest 2.1412 $3.29 ₪4,275.32 −₪15.80
Wise 2.1455 $11.77 ₪4,265.71 −₪25.41
OFX 2.1316 $0.00 ₪4,263.23 −₪27.89
Currencies Direct 2.1299 $0.00 ₪4,259.80 −₪31.32
NAB 2.0916 $0.00 ₪4,183.16 −₪107.96
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Revolut Cheapest 2.1463 $3.29 ₪4,285.60 –
Wise 2.1503 $11.77 ₪4,275.35 –
Currencies Direct 2.1351 $0.00 ₪4,270.20 –
NAB 2.0911 $0.00 ₪4,182.23 –
OFX No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1547 – ₪4,309.47
Revolut Cheapest 2.1495 $3.29 ₪4,292.02 −₪17.45
Wise 2.1547 $11.77 ₪4,283.98 −₪25.49
OFX 2.1407 $0.00 ₪4,281.46 −₪28.01
NAB 2.0911 $0.00 ₪4,182.23 −₪127.24
Currencies Direct No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1481 – ₪4,296.28
Wise Cheapest 2.1479 $11.77 ₪4,270.60 −₪25.68
OFX 2.1342 $0.00 ₪4,268.35 −₪27.93
Currencies Direct 2.1318 $0.00 ₪4,263.60 −₪32.68
Bank No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Wise Cheapest 2.1619 $11.77 ₪4,298.37 –
NAB 2.0850 $0.00 ₪4,170.06 –
Currencies Direct 2.0774 $0.00 ₪4,154.80 –
OFX No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1551 – ₪4,310.23
Wise Cheapest 2.1619 $11.77 ₪4,298.37 −₪11.86
OFX 2.1411 $0.00 ₪4,282.21 −₪28.02
NAB 2.0850 $0.00 ₪4,170.06 −₪140.17
Currencies Direct No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1685 – ₪4,336.94
Revolut Cheapest 2.1640 $3.29 ₪4,320.84 −₪16.10
Wise 2.1677 $11.77 ₪4,309.99 −₪26.95
OFX 2.1544 $0.00 ₪4,308.75 −₪28.19
Currencies Direct 2.1524 $0.00 ₪4,304.80 −₪32.14
Bank No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1707 – ₪4,341.33
Wise Cheapest 2.1703 $11.77 ₪4,315.04 −₪26.29
OFX 2.1566 $0.00 ₪4,313.11 −₪28.22
Currencies Direct 2.1544 $0.00 ₪4,308.80 −₪32.53
NAB 2.1092 $0.00 ₪4,218.31 −₪123.02
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1680 – ₪4,335.98
Revolut Cheapest 2.1635 $3.29 ₪4,319.82 −₪16.16
Wise 2.1681 $11.77 ₪4,310.62 −₪25.36
OFX 2.1539 $0.00 ₪4,307.80 −₪28.18
Currencies Direct 2.1521 $0.00 ₪4,304.20 −₪31.78
NAB 2.1127 $0.00 ₪4,225.44 −₪110.54
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1788 – ₪4,357.69
Revolut Cheapest 2.1736 $3.29 ₪4,340.07 −₪17.62
OFX 2.1647 $0.00 ₪4,329.36 −₪28.33
Currencies Direct 2.1621 $0.00 ₪4,324.20 −₪33.49
Wise No quote collected this day – – – –
Bank No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1844 – ₪4,368.76
Revolut Cheapest 2.1808 $3.29 ₪4,354.43 −₪14.33
Wise 2.1845 $11.77 ₪4,343.25 −₪25.51
OFX 2.1702 $0.00 ₪4,340.36 −₪28.40
Currencies Direct No quote collected this day – – – –
Bank No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1664 – ₪4,332.86
OFX Cheapest 2.1524 $0.00 ₪4,304.70 −₪28.16
Wise No quote collected this day – – – –
Currencies Direct No quote collected this day – – – –
Bank No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1664 – ₪4,332.86
OFX Cheapest 2.1524 $0.00 ₪4,304.70 −₪28.16
Currencies Direct 2.1270 $0.00 ₪4,254.00 −₪78.86
Wise No quote collected this day – – – –
Bank No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1849 – ₪4,369.76
Revolut Cheapest 2.1800 $3.29 ₪4,352.80 −₪16.96
Wise 2.1851 $11.77 ₪4,344.48 −₪25.28
OFX 2.1707 $0.00 ₪4,341.35 −₪28.41
Currencies Direct 2.1687 $0.00 ₪4,337.40 −₪32.36
NAB 2.1281 $0.00 ₪4,256.17 −₪113.59
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1568 – ₪4,313.52
Xe Cheapest 2.1616 $0.00 ₪4,323.12 +₪9.60
Wise 2.1565 $11.77 ₪4,287.58 −₪25.94
OFX 2.1427 $0.00 ₪4,285.49 −₪28.03
Currencies Direct 2.1415 $0.00 ₪4,283.00 −₪30.52
NAB 2.1029 $0.00 ₪4,205.73 −₪107.79
Exchange rateFees:Recipient getsDifference
Mid-market rate 2.1662 – ₪4,332.39
Wise Cheapest 2.1668 $11.77 ₪4,308.08 −₪24.31
OFX 2.1521 $0.00 ₪4,304.23 −₪28.16
Currencies Direct 2.1473 $0.00 ₪4,294.60 −₪37.79
Bank No quote collected this day – – – –

Exchange rateFees:Recipient getsDifference

Each line shows what the recipient gets when you send $2,000, after fees, as quoted by each company. The mid-market line shows what $2,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. The bank line is the cheapest bank available on each day.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more ILS per AUD than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 1 of the last 30 days.

Right now, Wise pays 4,308.08 ILS on 2,000 AUD, which is 24.31 ILS less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 4,354.43 ILS.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Israel.

We've tracked 316 comparisons to check how often today's top companies were the cheapest across 11 amounts over the past month.

  1. WiseAppeared in 297 comparisons

    Cheapest in 31% of them

  2. OFXAppeared in 281 comparisons

    Cheapest in 4% of them

  3. Currencies DirectAppeared in 247 comparisons

    Cheapest in 0% of them

Based on 316 comparisons across 11 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Wise is the cheapest and gets you the most ILS, but it was the cheapest in only 31% of the 297 comparisons it appeared in over the past month.

OFX (today's second cheapest) was the cheapest in only 4% of its comparisons, so it's rarely the cheapest option for transfers to Israel.

If it's a one-off transfer, go with Wise, since it's the cheapest right now.

Ways to send money from Australia to Israel

5 money transfer companies let you send money from Australia to Israel.

Cheapest for most transfers

Online transfers

Sending money online with a “self-service” provider is usually the cheapest way to send money to Israel.

For example, sending A$2,000 with Wise will get you 4,308.08 ILS after a A$11.77 fee and -0.03% markup.

In our comparisons over the past month, it was the cheapest online service on 13 of the 27 days it quoted.

To speed up the transfer, use PayID or bank transfer, this will ensure your money is withdrawn instantly from your AU bank account.

Plus, PayID shows the registered payee name, which gives you an extra check against the details you entered.

For regular transfers home

Money transfer apps

An app suits the transfer you make over and over to the same recipient, similar amount, every payday or so.

Wise takes A$11.77 in fees and -0.03% markup on a A$2,000 transfer, and your ILS arrives in within 3 hours.

Over the past month, Wise was the cheapest app on 22% of the days it appeared for A$2,000 transfers.

Signing up is quick even if you're new to Australia.

A passport and visa are enough for most money transfer apps, and no local credit history is needed.

For large AUD transfers

Currency brokers

Money transfer brokers are best for large transfers, like buying property, moving abroad, or paying student fees.

On transfers of $10,000 or more, a broker like OFX drops the fee entirely and works on margin instead.

With OFX you get 0.65% on AUD/ILS, and it gets lower the more you send.

You also get an account manager for the whole thing.

Our analysis shows OFX was the cheapest broker in 33% of all the transfers it quoted.

For overseas business payments

Business accounts

Global accounts like Airwallex are great for paying suppliers, contractors or staff in ILS, handling invoices, batch payments, and more.

For receiving and spending

Multi-currency accounts

Multi-currency accounts let you hold AUD and ILS in one account, and convert when the rate suits you.

Wise converts A$2,000 at -0.03% markup, and the ILS sits in your account until you spend or transfer it.

Over the past month, it came out cheapest among multi-currency accounts on 41% of days.

Most useful if you travel often to Israel, split your life between two countries, or receive money from abroad.

We also created a guide going into more detail about multi currency accounts.

Ways to fund AUD and receive money in Israel

With Wise, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending A$2,000 gives your recipient 4,308.08 ILS.

You can fund the transfer with bank transfer, debit card, osko, and credit card.

Recipients in Israel can collect ILS through bank deposit.

  1. 1
    Bank transfer Bank deposit

    You pay A$2,000.00

    ₪4,308

    Cheapest

  2. 2
    Osko Bank deposit

    You pay A$2,000.00

    ₪4,308

    ₪0

  3. 3
    Debit card Bank deposit

    You pay A$2,000.00

    ₪4,296

    -₪12

  4. 4
    Credit card Bank deposit

    You pay A$2,000.00

    ₪4,267

    -₪41

Consider this before sending AUD to Israel

Every international transfer is reportable by the company handling it, but that is not a tax or a form you normally file yourself. PayID can fund the transfer, while the overseas leg still needs a transfer provider.

Compare AUD/ILS transfer options

For a A$2,000 transfer to Israel, these are the best options right now:

Cheapest

Wise is cheapest when funded by bank transfer with bank deposit for the payout. Your recipient gets 4,308.08 ILS, which is 0.09% more than the next best option.

Fastest

Wise delivers 4,308.08 ILS in within 3 hours when you use bank transfer and choose bank deposit as payout.

If you need money urgently, we've put together a guide on instant money transfers.

PayID is domestic only

PayID and Osko move Australian dollars between local accounts.

When a money transfer company accepts PayID, it collects the AUD in Australia and then handles the conversion and payout in Israel.

Confirm the registered business name shown by your bank before approving the PayID payment.

AUSTRAC reporting

The bank or remittance company reports international transfer instructions to AUSTRAC.

This applies to international transfers generally, rather than only those above A$10,000.

You do not normally submit the international transfer report yourself.

A separate threshold report applies when a transaction involves A$10,000 or more in physical cash.

Large or unusual transfers can still trigger source-of-funds checks. Keep the sale agreement, invoice or bank statement that explains the payment ready.

Cash gifts can affect Centrelink payments

Australia does not generally tax a genuine cash gift simply because you send it to family in Israel.

Gifting money can still affect income-tested or asset-tested Centrelink payments.

Services Australia can continue assessing gifts above its gifting free areas under the income and assets tests.

If you or your partner receive a relevant payment, check the gifting rules before sending a large amount.

Bank protection in Australia

The Financial Claims Scheme protects eligible Australian-dollar deposits with an Australian-incorporated ADI, up to A$250,000 per account holder per ADI.

It does not automatically cover money held by a non-bank transfer company.

In case of issues, if a complaint is not resolved, the Australian Financial Complaints Authority is the free external dispute service for member financial firms.

How we analyse the market

We track 5 companies sending AUD to Israel, all holding an Australian licence, with rates refreshed in real time when running a live search.

In the past 30 days alone, we analysed 316 comparisons across 11 amounts.

This page covers the cheapest and fastest options for AUD/ILS transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Fees, exchange rates and the pay-in and payout options all get compared, and each company goes through our review before it appears.

More on who we are, why you can trust us and getting started.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.