How to send money to Israel from Germany with the best EUR-ILS rate

Key Currency is the best and cheapest service overall. On €7,000 you will get 24,009.38 ILS after fees and the exchange rate.

We’ve compared 10 money transfer companies in more detail below.

Best companies for EUR/ILS transfers

10 of 10 providers

Last updated on 28 October 2026

Based on 7,000 EUR transfer

Best companies for EUR/ILS transfers

Sort Cheapest
Promoted

Wise

Pay via Bank transfer
Fee €39.78 1 EUR = 3.4379 ILS +0.02% vs mid-market Recipient gets ₪23,928.26 Within minutes
Multi-currency cardReceive 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
€39.781 EUR = 3.4379 ILS
₪23,928.26You pay€7,000.00
Promoted

Xe

Pay via Debit card
Fee €0.00 1 EUR = 3.4030 ILS +1.04% vs mid-market Recipient gets ₪23,821.00 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 3.4030 ILS
₪23,821.00You pay€7,000.00

Run a live search

Showing top Germany to Israel deals for 7,000 EUR. Do a live search with your exact amount for today's best rates.
Exclusive: Special Rate for 1st Transfer

Key Currency

Pay via Bank transfer
Fee €0.00 1 EUR = 3.4299 ILS +0.25% vs mid-market Recipient gets ₪24,009.38 Minutes - 3 days
Cheapest
Personal account managerReceive to bank account

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 3 days
Free1 EUR = 3.4299 ILS
₪24,009.38You pay€7,000.00
Exclusive: First Transfer Deal

Regency FX

Pay via Bank transfer
Fee €0.00 1 EUR = 3.4292 ILS +0.27% vs mid-market Recipient gets ₪24,004.56 Minutes - 24 hours
Personal account managerReceive to bank accountProfessional, personal service

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 3.4292 ILS
₪24,004.56You pay€7,000.00

TorFx

Pay via Bank transfer
Fee €0.00 1 EUR = 3.4282 ILS +0.30% vs mid-market Recipient gets ₪23,997.34 Minutes - 24 hours
Personal account managerReceive to bank accountIdeal for buying property abroad

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 3.4282 ILS
₪23,997.34You pay€7,000.00

OFX

Pay via Bank transfer
Fee €0.00 1 EUR = 3.4213 ILS +0.50% vs mid-market Recipient gets ₪23,949.20 Minutes - 24 hours
Personal account managerReceive to bank account

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 3.4213 ILS
₪23,949.20You pay€7,000.00

Wise

Pay via Bank transfer
Fee €39.78 1 EUR = 3.4379 ILS +0.02% vs mid-market Recipient gets ₪23,928.26 Within minutes
FastestRecommended
Multi-currency cardReceive 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
€39.781 EUR = 3.4379 ILS
₪23,928.26You pay€7,000.00

Wise

Pay via iDEAL
Fee €49.91 1 EUR = 3.4379 ILS +0.02% vs mid-market Recipient gets ₪23,893.44 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
€49.911 EUR = 3.4379 ILS
₪23,893.44You pay€7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Bank transfer
Fee €31.50 1 EUR = 3.4229 ILS +0.45% vs mid-market Recipient gets ₪23,852.57 Same day
Multi-currency cardReceive to bank account

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

MethodFee & ratesRecipient gets
Bank depositSame day
€31.501 EUR = 3.4229 ILS
₪23,852.57You pay€7,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

Xe

Pay via Debit card
Fee €0.00 1 EUR = 3.4030 ILS +1.04% vs mid-market Recipient gets ₪23,821.00 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 3.4030 ILS
₪23,821.00You pay€7,000.00

Xe

Pay via Bank transfer
Fee €0.00 1 EUR = 3.4030 ILS +1.04% vs mid-market Recipient gets ₪23,821.00 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 3.4030 ILS
₪23,821.00You pay€7,000.00

Xe

Pay via Credit card
Fee €0.00 1 EUR = 3.4030 ILS +1.04% vs mid-market Recipient gets ₪23,821.00 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 3.4030 ILS
₪23,821.00You pay€7,000.00

CurrencyFair

Pay via Bank transfer
Fee €4.07 1 EUR = 3.4035 ILS +1.02% vs mid-market Recipient gets ₪23,810.50 Minutes - 24 hours
Receive to bank account

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
€4.071 EUR = 3.4035 ILS
₪23,810.50You pay€7,000.00

Wise

Pay via Debit card
Fee €94.71 1 EUR = 3.4379 ILS +0.02% vs mid-market Recipient gets ₪23,739.42 Within minutes
Multi-currency cardReceive 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
€94.711 EUR = 3.4379 ILS
₪23,739.42You pay€7,000.00

Moneycorp

Pay via Bank transfer
Fee €0.00 1 EUR = 3.3904 ILS +1.40% vs mid-market Recipient gets ₪23,732.58 Minutes - 2 days

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 2 days
Free1 EUR = 3.3904 ILS
₪23,732.58You pay€7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Debit card
Fee €79.00 1 EUR = 3.4229 ILS +0.45% vs mid-market Recipient gets ₪23,689.98 Within minutes
Multi-currency cardReceive to bank account

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
€79.001 EUR = 3.4229 ILS
₪23,689.98You pay€7,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

Wise

Pay via Credit card
Fee €136.72 1 EUR = 3.4379 ILS +0.02% vs mid-market Recipient gets ₪23,595.00 Within minutes
Multi-currency cardReceive 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
€136.721 EUR = 3.4379 ILS
₪23,595.00You pay€7,000.00

Deutsche Bank

Pay via Bank transfer
Fee €37.05 1 EUR = 3.2865 ILS +4.52% vs mid-market Recipient gets ₪22,883.42 Minutes - 5 days
0 reviews

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 5 days
€37.051 EUR = 3.2865 ILS
₪22,883.42You pay€7,000.00
How Our Results Work
Mid-market rate: 1 EUR = 3.4385 ILS Updates every 60 minutes.

How to send money from Germany to Israel

Pick a company

For a one-off transfer from Germany, I suggest picking the cheapest option which is Key Currency.

Key Currency was the cheapest on 25 of the 30 days it quoted €7,000 transfers to Israel.

On a 7,000 EUR transfer, Key Currency delivers the most ILS.

This will change depending on how much you actually send, so I suggest running a live search to get the best EUR/ILS rate.

Fund your transfer

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

Verify and send

First time round you'll need a photo ID and proof of your German address.

Video identification is also normal and takes a few minutes.

Compare amounts

How much EUR are you sending to Israel?

How much EUR 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 Key Currency was the cheapest in 86% of the transfers from €7,000 it quoted, and in 86% of all the transfers it quoted.

Cheapest service
€1,0000.42%€1.50₪3,406.12with bank transfer to bank deposit+₪40.47
€5,0000.30%€0.00₪17,125.74with bank transfer to bank deposit+₪191.77
€7,000This page0.25%€0.00₪24,009.38with bank transfer to bank deposit+₪225.09
€50,0000.20%€0.00₪171,509.54with bank transfer to bank deposit+₪1,299.32

Mid-market rate: 1 EUR = 3.4385 ILS

EUR/ILS Exchange Rate History

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

The cheapest way to send EUR 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 Key Currency), across 30 days of comparisons for 7,000 EUR transfers to Israel.

ILS received for €7,000, after fees

Wed, 28 Oct 2026Mid-market rate₪24,069.55 Key Currency ₪24,009.38 Deutsche Bank ₪22,883.42Key Currency₪24,009.38Regency FX₪24,004.56TorFx₪23,997.34Extra cost of a bank₪1,125.96

22.500
23.000
23.500
24.000
24.500
25.000
At the mid-market rateWith the cheapest optionWith a bankKey CurrencyRegency FXTorFx
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4921 – ₪24,444.93
Key Currency Cheapest 3.4834 €0.00 ₪24,383.82 −₪61.11
Regency FX 3.4827 €0.00 ₪24,378.93 −₪66.00
TorFx 3.4817 €0.00 ₪24,371.60 −₪73.33
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4777 – ₪24,343.87
Key Currency Cheapest 3.4690 €0.00 ₪24,283.01 −₪60.86
Regency FX 3.4683 €0.00 ₪24,278.14 −₪65.73
TorFx 3.4673 €0.00 ₪24,270.84 −₪73.03
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4739 – ₪24,317.62
Key Currency Cheapest 3.4653 €0.00 ₪24,256.82 −₪60.80
Regency FX 3.4646 €0.00 ₪24,251.96 −₪65.66
TorFx 3.4635 €0.00 ₪24,244.66 −₪72.96
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4575 – ₪24,202.75
Key Currency Cheapest 3.4489 €0.00 ₪24,142.25 −₪60.50
Regency FX 3.4482 €0.00 ₪24,137.40 −₪65.35
TorFx 3.4472 €0.00 ₪24,130.14 −₪72.61
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4367 – ₪24,057.09
Xe Cheapest 3.4329 €0.00 ₪24,030.30 −₪26.79
Key Currency 3.4281 €0.00 ₪23,996.95 −₪60.14
Regency FX 3.4274 €0.00 ₪23,992.13 −₪64.96
TorFx 3.4264 €0.00 ₪23,984.92 −₪72.17
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4367 – ₪24,057.09
Xe Cheapest 3.4329 €0.00 ₪24,030.30 −₪26.79
Key Currency 3.4281 €0.00 ₪23,996.95 −₪60.14
Regency FX 3.4274 €0.00 ₪23,992.13 −₪64.96
TorFx 3.4264 €0.00 ₪23,984.92 −₪72.17
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4152 – ₪23,906.43
Key Currency Cheapest 3.4067 €0.00 ₪23,846.67 −₪59.76
Regency FX 3.4060 €0.00 ₪23,841.89 −₪64.54
TorFx 3.4050 €0.00 ₪23,834.72 −₪71.71
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4263 – ₪23,983.97
Key Currency Cheapest 3.4177 €0.00 ₪23,924.01 −₪59.96
Regency FX 3.4170 €0.00 ₪23,919.22 −₪64.75
TorFx 3.4160 €0.00 ₪23,912.02 −₪71.95
Deutsche Bank 3.3355 €37.05 ₪23,225.02 −₪758.95
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4238 – ₪23,966.89
Key Currency Cheapest 3.4153 €0.00 ₪23,906.98 −₪59.91
Regency FX 3.4146 €0.00 ₪23,902.18 −₪64.71
TorFx 3.4136 €0.00 ₪23,894.99 −₪71.90
Deutsche Bank 3.3355 €37.05 ₪23,225.02 −₪741.87
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4431 – ₪24,101.45
Key Currency Cheapest 3.4345 €0.00 ₪24,041.19 −₪60.26
Regency FX 3.4338 €0.00 ₪24,036.37 −₪65.08
TorFx 3.4327 €0.00 ₪24,029.14 −₪72.31
Deutsche Bank 3.3504 €37.05 ₪23,328.88 −₪772.57
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4308 – ₪24,015.79
Key Currency Cheapest 3.4222 €0.00 ₪23,955.75 −₪60.04
Regency FX 3.4216 €0.00 ₪23,950.95 −₪64.84
TorFx 3.4205 €0.00 ₪23,943.74 −₪72.05
Deutsche Bank 3.3504 €37.05 ₪23,328.88 −₪686.91
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4324 – ₪24,027.03
Key Currency Cheapest 3.4239 €0.00 ₪23,966.96 −₪60.07
Regency FX 3.4232 €0.00 ₪23,962.16 −₪64.87
TorFx 3.4221 €0.00 ₪23,954.95 −₪72.08
Deutsche Bank 3.3399 €37.05 ₪23,255.56 −₪771.47
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4324 – ₪24,027.03
Key Currency Cheapest 3.4239 €0.00 ₪23,966.96 −₪60.07
Regency FX 3.4232 €0.00 ₪23,962.16 −₪64.87
TorFx 3.4221 €0.00 ₪23,954.95 −₪72.08
Deutsche Bank 3.3399 €37.05 ₪23,255.56 −₪771.47
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4349 – ₪24,044.02
Key Currency Cheapest 3.4263 €0.00 ₪23,983.91 −₪60.11
Regency FX 3.4256 €0.00 ₪23,979.10 −₪64.92
TorFx 3.4246 €0.00 ₪23,971.89 −₪72.13
Deutsche Bank 3.3434 €37.05 ₪23,279.81 −₪764.21
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4430 – ₪24,100.67
Key Currency Cheapest 3.4343 €0.00 ₪24,040.42 −₪60.25
Regency FX 3.4337 €0.00 ₪24,035.60 −₪65.07
TorFx 3.4326 €0.00 ₪24,028.37 −₪72.30
Deutsche Bank 3.3421 €37.05 ₪23,271.07 −₪829.60
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4404 – ₪24,083.11
Key Currency Cheapest 3.4318 €0.00 ₪24,022.90 −₪60.21
Regency FX 3.4312 €0.00 ₪24,018.08 −₪65.03
TorFx 3.4301 €0.00 ₪24,010.86 −₪72.25
Deutsche Bank 3.3517 €37.05 ₪23,338.05 −₪745.06
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4830 – ₪24,380.82
Key Currency Cheapest 3.4743 €0.00 ₪24,319.87 −₪60.95
Regency FX 3.4736 €0.00 ₪24,314.99 −₪65.83
TorFx 3.4725 €0.00 ₪24,307.68 −₪73.14
Deutsche Bank 3.3517 €37.05 ₪23,338.05 −₪1,042.77
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4739 – ₪24,317.18
Key Currency Cheapest 3.4652 €0.00 ₪24,256.39 −₪60.79
Regency FX 3.4645 €0.00 ₪24,251.52 −₪65.66
TorFx 3.4635 €0.00 ₪24,244.23 −₪72.95
Deutsche Bank 3.3620 €37.05 ₪23,409.10 −₪908.08
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4775 – ₪24,342.57
Wise Cheapest 3.4979 €39.78 ₪24,346.36 +₪3.79
Key Currency 3.4688 €0.00 ₪24,281.71 −₪60.86
Regency FX 3.4681 €0.00 ₪24,276.85 −₪65.72
TorFx 3.4671 €0.00 ₪24,269.54 −₪73.03
Deutsche Bank 3.3620 €37.05 ₪23,409.10 −₪933.47
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4775 – ₪24,342.57
Currencies Direct Cheapest 3.4766 €0.00 ₪24,336.20 −₪6.37
Key Currency 3.4688 €0.00 ₪24,281.71 −₪60.86
Regency FX 3.4681 €0.00 ₪24,276.85 −₪65.72
TorFx 3.4671 €0.00 ₪24,269.54 −₪73.03
Deutsche Bank 3.4014 €37.05 ₪23,683.78 −₪658.79
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4787 – ₪24,350.73
Key Currency Cheapest 3.4700 €0.00 ₪24,289.86 −₪60.87
Regency FX 3.4693 €0.00 ₪24,284.99 −₪65.74
TorFx 3.4682 €0.00 ₪24,277.68 −₪73.05
Deutsche Bank 3.4016 €37.05 ₪23,685.28 −₪665.45
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4802 – ₪24,361.53
Key Currency Cheapest 3.4715 €0.00 ₪24,300.62 −₪60.91
Regency FX 3.4708 €0.00 ₪24,295.75 −₪65.78
TorFx 3.4698 €0.00 ₪24,288.44 −₪73.09
Deutsche Bank 3.4016 €37.05 ₪23,685.28 −₪676.25
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4701 – ₪24,290.37
Key Currency Cheapest 3.4614 €0.00 ₪24,229.65 −₪60.72
Regency FX 3.4607 €0.00 ₪24,224.79 −₪65.58
TorFx 3.4596 €0.00 ₪24,217.50 −₪72.87
Deutsche Bank 3.3871 €37.05 ₪23,584.21 −₪706.16
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4896 – ₪24,427.06
Key Currency Cheapest 3.4809 €0.00 ₪24,365.99 −₪61.07
Regency FX 3.4802 €0.00 ₪24,361.11 −₪65.95
TorFx 3.4791 €0.00 ₪24,353.78 −₪73.28
Deutsche Bank 3.3801 €37.05 ₪23,535.47 −₪891.59
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4871 – ₪24,409.85
Key Currency Cheapest 3.4784 €0.00 ₪24,348.82 −₪61.03
Regency FX 3.4777 €0.00 ₪24,343.94 −₪65.91
TorFx 3.4767 €0.00 ₪24,336.62 −₪73.23
Deutsche Bank 3.3801 €37.05 ₪23,535.47 −₪874.38
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4789 – ₪24,352.61
Key Currency Cheapest 3.4702 €0.00 ₪24,291.73 −₪60.88
Regency FX 3.4696 €0.00 ₪24,286.86 −₪65.75
TorFx 3.4685 €0.00 ₪24,279.55 −₪73.06
Deutsche Bank 3.3891 €37.05 ₪23,598.13 −₪754.48
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4789 – ₪24,352.61
Key Currency Cheapest 3.4702 €0.00 ₪24,291.73 −₪60.88
Regency FX 3.4696 €0.00 ₪24,286.86 −₪65.75
TorFx 3.4685 €0.00 ₪24,279.55 −₪73.06
Deutsche Bank 3.3891 €37.05 ₪23,598.13 −₪754.48
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4908 – ₪24,435.31
Key Currency Cheapest 3.4820 €0.00 ₪24,374.22 −₪61.09
Regency FX 3.4813 €0.00 ₪24,369.34 −₪65.97
TorFx 3.4803 €0.00 ₪24,362.01 −₪73.30
Deutsche Bank 3.3866 €37.05 ₪23,580.65 −₪854.66
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4315 – ₪24,020.79
Xe Cheapest 3.4657 €0.00 ₪24,259.90 +₪239.11
Key Currency 3.4230 €0.00 ₪23,960.74 −₪60.05
Regency FX 3.4223 €0.00 ₪23,955.94 −₪64.85
TorFx 3.4212 €0.00 ₪23,948.73 −₪72.06
Deutsche Bank 3.3590 €37.05 ₪23,388.49 −₪632.30
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4385 – ₪24,069.55
Key Currency Cheapest 3.4299 €0.00 ₪24,009.38 −₪60.17
Regency FX 3.4292 €0.00 ₪24,004.56 −₪64.99
TorFx 3.4282 €0.00 ₪23,997.34 −₪72.21
Deutsche Bank 3.2865 €37.05 ₪22,883.42 −₪1,186.13

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send €7,000, after fees, as quoted by each company. The mid-market line shows what €7,000 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 EUR 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 2 of the last 30 days.

Right now, Key Currency pays 24,009.38 ILS on 7,000 EUR, which is 60.17 ILS less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 24,383.82 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 78 comparisons to check how often today's top companies were the cheapest across 4 amounts over the past month.

  1. Key CurrencyAppeared in 42 comparisons

    Cheapest in 86% of them

  2. Regency FXAppeared in 42 comparisons

    Never the cheapest

  3. TorFxAppeared in 56 comparisons

    Cheapest in 21% of them

  4. Deutsche BankAppeared in 66 comparisons

    Never the cheapest

Based on 78 comparisons across 4 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 Key Currency is the cheapest and gets you the most ILS, and it was also the cheapest in 86% of the 42 comparisons it appeared in over the past month.

It's a good pick for both one-off and regular transfers to Israel.

Regency FX (today's second cheapest) was the cheapest in only 0% of its comparisons, so it's rarely the cheapest option for transfers to Israel.

Ways to send money from Germany to Israel

There are 10 companies for sending money from Germany to Israel, across broker, online, app, global account, multi-currency account, and bank, and more below.

Fastest and easiest way

Online and app transfers

Within the eurozone, SEPA covers all transfers, but outside, it gets very expensive and money transfer companies make it cheaper.

Sending €7,000 with Wise to Israel gets you 23,928.26 ILS with a €39.78 fee and 0.02% markup.

In our comparisons over the past month, it was the cheapest online service on 22 of the 28 days it quoted.

Debit cards (and Apple Pay / Google Pay) usually have instant deposits, but your girocard usually won't work as a funding method.

For Euro transfers only

Banks

Inside the eurozone, banks use a SEPA transfer which is cheap or free and there's little reason to look further.

Outside the eurozone, banks like Deutsche Bank are much more expensive.

On a €7,000 transfer, Deutsche Bank delivers 22,883.42 ILS vs 24,009.38 ILS with Key Currency.

We found Deutsche Bank was the cheapest bank on 23 of the 23 days it appeared for this amount.

For large transfers from Germany

Currency brokers

For buying property, moving to Israel, or moving pensions, a currency broker is the best option.

A broker like Key Currency charges no fee and works on a margin. It adds 0.25% on EUR/ILS which gets negotiated the more you send.

And you get an account manager to help you through the process.

Our analysis shows Key Currency was the cheapest broker in 88% of the transfers from €7,000 it quoted.

For some international payments above €50,000, German residents may need to file an AWV report with the Bundesbank, make sure to check in advance.

For making business payments

Global accounts

Global accounts are for businesses making payments to Israel.

Be it overseas suppliers and contractors, receiving ILS payments, or holding ILS and EUR in one business account.

Companies like Airwallex, WorldFirst, or Wise Business offer the best tools for international business transfers.

For spending & receiving

Multi-currency accounts

A multi-currency account lets you hold EUR and ILS in one account.

You get ILS bank details, and can receive international payments like rent, dividends, family payments without additional conversions.

You can convert ILS to EUR or EUR to ILS whenever you need.

The best multi-currency account is Wise, it adds ~0.02% markup and charges small fees.

Over the past month, it came out cheapest among multi-currency accounts on 93% of days.

Ways to fund EUR and receive ILS in Israel

With Key Currency, paying by bank transfer and receiving through bank deposit is the cheapest way. Sending €7,000 gives your recipient 24,009.38 ILS.

Our data shows that Key Currency gets your recipient 1,125.96 ILS more than Deutsche Bank, today's cheapest bank, on the same €7,000.

You can pay for the transfer using bank transfer, debit card, credit card, and iDEAL.

Using German bank

A SEPA bank transfer is usually the cheapest way to deposit EUR.

An instant SEPA payment can reduce funding time, but it does not guarantee instant delivery to Israel.

The recipient in Israel can receive ILS by bank deposit.

To receive ILS by bank deposit

Enter the recipient's banking details and account holder's name.

Check both before sending because correcting a bank deposit will delay the transfer.

  1. 1
    Bank transfer Bank deposit

    You pay €7,000.00

    ₪24,009

    Cheapest

  2. 2
    iDEAL Bank deposit

    You pay €7,000.00

    ₪23,893

    -₪116

  3. 3
    Debit card Bank deposit

    You pay €7,000.00

    ₪23,821

    -₪188

  4. 4
    Credit card Bank deposit

    You pay €7,000.00

    ₪23,821

    -₪188

Things to know before sending money from Germany to Israel

The main question in Germany is whether you are sending euros inside SEPA or converting them. Large cross-border payments can also create a Bundesbank reporting duty.

Compare EUR/ILS transfer options

For a €7,000 transfer to Israel, these are the best options:

Cheapest way to send money to Israel

The cheapest option is Key Currency, funded by bank transfer with bank deposit for the payout. Your recipient gets 24,009.38 ILS, which is 0.02% more than the next best option.

Fastest way to send money to Israel

The fastest option is Wise. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 23,928.26 ILS in within 3 hours.

Transfers over €50,000 may get reported

Germany's AWV reporting threshold is €50,000.

A German resident may need to report a payment above that amount to the Bundesbank when it is made to a non-resident.

It is a statistics report, not a tax or permission request.

Transfers between your own domestic and foreign accounts are exempt, and other exemptions apply depending on the payment purpose.

The automated AWV notice shown by a bank does not mean every transfer is reportable.

The Bundesbank guidance for private individuals explains who reports, what is exempt and how to file.

SEPA and SWIFT are different

If the recipient has a euro account in the SEPA area, a normal SEPA payment can be the simplest option.

A payment converted into ILS sits outside that pricing rule and may involve another bank or payout partner.

Check whether the quote uses SHA, OUR or BEN charges on a bank transfer.

This decides whether intermediary costs are shared, paid by you or deducted from what the recipient receives.

How we analyse the market

Nothing reaches this table without going through our review first, and every company is BaFin-registered or passported into Germany.

We then track 10 of them on EUR to Israel, comparing rates, fees and the pay-in and payout options.

In the past 30 days alone, we analysed 78 comparisons across 4 amounts.

This page covers the cheapest and fastest options for EUR/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.

More on who we are, why you can trust us and how to get started.

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