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

Key Currency is the cheapest right now for transfers from Italy. Using a bank transfer deposit into a bank deposit will get you 23,982.08 ILS in Israel.

For speed, Wise is fastest, with delivery in within 3 hours.

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 = 3.4340 ILS +0.02% vs mid-market Recipient gets ₪23,901.33 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 = 3.4340 ILS
₪23,901.33You pay€7,000.00
Promoted

Xe

Pay via Debit card
Fee €0.00 1 EUR = 3.4030 ILS +0.92% 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 Italy 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 = 3.4260 ILS +0.25% vs mid-market Recipient gets ₪23,982.08 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 = 3.4260 ILS
₪23,982.08You pay€7,000.00
Exclusive: First Transfer Deal

Regency FX

Pay via Bank transfer
Fee €0.00 1 EUR = 3.4253 ILS +0.27% vs mid-market Recipient gets ₪23,977.27 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 = 3.4253 ILS
₪23,977.27You pay€7,000.00

TorFx

Pay via Bank transfer
Fee €0.00 1 EUR = 3.4243 ILS +0.30% vs mid-market Recipient gets ₪23,970.06 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 = 3.4243 ILS
₪23,970.06You pay€7,000.00

OFX

Pay via Bank transfer
Fee €0.00 1 EUR = 3.4174 ILS +0.50% vs mid-market Recipient gets ₪23,921.98 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 = 3.4174 ILS
₪23,921.98You pay€7,000.00

Wise

Pay via Bank transfer
Fee €39.78 1 EUR = 3.4340 ILS +0.02% vs mid-market Recipient gets ₪23,901.33 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 = 3.4340 ILS
₪23,901.33You pay€7,000.00

Currencies Direct

Pay via Bank transfer
Fee €0.00 1 EUR = 3.4130 ILS +0.63% vs mid-market Recipient gets ₪23,891.00 Minutes - 24 hours
Personal account managerMulti-currency cardReceive to bank account

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 3.4130 ILS
₪23,891.00You pay€7,000.00

Wise

Pay via iDEAL
Fee €49.91 1 EUR = 3.4340 ILS +0.02% vs mid-market Recipient gets ₪23,866.54 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 = 3.4340 ILS
₪23,866.54You pay€7,000.00

Xe

Pay via Debit card
Fee €0.00 1 EUR = 3.4030 ILS +0.92% 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 +0.92% 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 +0.92% 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 €4.08 1 EUR = 3.3995 ILS +1.03% vs mid-market Recipient gets ₪23,782.50 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
€4.081 EUR = 3.3995 ILS
₪23,782.50You pay€7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Bank transfer
Fee €62.40 1 EUR = 3.4198 ILS +0.43% vs mid-market Recipient gets ₪23,725.35 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
€62.401 EUR = 3.4198 ILS
₪23,725.35You 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 Debit card
Fee €94.71 1 EUR = 3.4340 ILS +0.02% vs mid-market Recipient gets ₪23,712.70 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 = 3.4340 ILS
₪23,712.70You pay€7,000.00

Moneycorp

Pay via Bank transfer
Fee €0.00 1 EUR = 3.3865 ILS +1.40% vs mid-market Recipient gets ₪23,705.60 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 = 3.3865 ILS
₪23,705.60You pay€7,000.00

Wise

Pay via Credit card
Fee €136.72 1 EUR = 3.4340 ILS +0.02% vs mid-market Recipient gets ₪23,568.43 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 = 3.4340 ILS
₪23,568.43You pay€7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Debit card
Fee €109.00 1 EUR = 3.4198 ILS +0.43% vs mid-market Recipient gets ₪23,565.99 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
€109.001 EUR = 3.4198 ILS
₪23,565.99You 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.

How Our Results Work
Mid-market rate: 1 EUR = 3.4346 ILS Updates every 60 minutes.

How to send money from Italy to Israel

Pick a company

For a one-off EUR transfer to Israel, I suggest picking the cheapest option which is Key Currency.

Key Currency was the cheapest on 23 of the 27 days it quoted €7,000 transfers to Israel.

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

The best option will change depending on how much you actually send, so I suggest to get the best EUR/ILS rate.

Fund your transfer

You have 4 ways to fund your transfer: bank transfer, debit card, credit card, and iDEAL.

Sending money to Israel directly with SEPA is expensive, but it's a cheap and quick way to fund your money transfer account.

You can also use a debit card to fund the transfer, including the Postepay card.

Verify and send

First time round you'll need your codice fiscale and a photo ID to verify your account.

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 85% of the transfers from €5,000 it quoted, and in 85% of all the transfers it quoted.

Cheapest service
€5000.65%€0.00₪1,705.47with bank transfer to bank deposit+₪12.35
€1,0000.59%€0.00₪3,413.20with bank transfer to bank deposit+₪22.03
€2,0000.59%€0.00₪6,826.40with bank transfer to bank deposit+₪43.96
€5,0000.30%€0.00₪17,112.30with bank transfer to bank deposit+₪153.31
€7,000This page0.25%€0.00₪23,982.08with bank transfer to bank deposit+₪167.47

Mid-market rate: 1 EUR = 3.4346 ILS

EUR/ILS Exchange Rate History

Is today a good time to send money from Italy 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₪24,042.19 Key Currency ₪23,982.08Key Currency₪23,982.08Regency FX₪23,977.27TorFx₪23,970.06

23.800
23.900
24.000
24.100
24.200
24.300
24.400
24.500
At the mid-market rateWith the cheapest optionKey CurrencyRegency FXTorFx
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4811 – ₪24,367.92
Key Currency Cheapest 3.4724 €0.00 ₪24,307.00 −₪60.92
Regency FX 3.4717 €0.00 ₪24,302.13 −₪65.79
TorFx 3.4707 €0.00 ₪24,294.82 −₪73.10
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4754 – ₪24,327.65
Key Currency Cheapest 3.4667 €0.00 ₪24,266.83 −₪60.82
Regency FX 3.4660 €0.00 ₪24,261.96 −₪65.69
TorFx 3.4650 €0.00 ₪24,254.66 −₪72.99
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4833 – ₪24,383.13
Key Currency Cheapest 3.4746 €0.00 ₪24,322.17 −₪60.96
Regency FX 3.4739 €0.00 ₪24,317.29 −₪65.84
TorFx 3.4729 €0.00 ₪24,309.98 −₪73.15
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4512 – ₪24,158.67
Key Currency Cheapest 3.4426 €0.00 ₪24,098.27 −₪60.40
Regency FX 3.4419 €0.00 ₪24,093.44 −₪65.23
TorFx 3.4409 €0.00 ₪24,086.19 −₪72.48
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
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
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4223 – ₪23,955.79
Key Currency Cheapest 3.4137 €0.00 ₪23,895.90 −₪59.88
Regency FX 3.4130 €0.00 ₪23,891.10 −₪64.69
TorFx 3.4120 €0.00 ₪23,883.92 −₪71.87
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4206 – ₪23,944.33
Key Currency Cheapest 3.4121 €0.00 ₪23,884.47 −₪59.86
Regency FX 3.4114 €0.00 ₪23,879.68 −₪64.65
TorFx 3.4104 €0.00 ₪23,872.50 −₪71.83
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4213 – ₪23,948.88
Key Currency Cheapest 3.4127 €0.00 ₪23,889.00 −₪59.88
Regency FX 3.4120 €0.00 ₪23,884.21 −₪64.67
TorFx 3.4110 €0.00 ₪23,877.03 −₪71.85
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4453 – ₪24,117.28
Key Currency Cheapest 3.4367 €0.00 ₪24,056.98 −₪60.30
Regency FX 3.4360 €0.00 ₪24,052.16 −₪65.12
TorFx 3.4350 €0.00 ₪24,044.92 −₪72.36
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4299 – ₪24,009.51
Key Currency Cheapest 3.4214 €0.00 ₪23,949.49 −₪60.02
Regency FX 3.4207 €0.00 ₪23,944.68 −₪64.83
TorFx 3.4196 €0.00 ₪23,937.48 −₪72.03
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
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
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4400 – ₪24,080.32
Key Currency Cheapest 3.4314 €0.00 ₪24,020.12 −₪60.20
Regency FX 3.4308 €0.00 ₪24,015.31 −₪65.01
TorFx 3.4297 €0.00 ₪24,008.08 −₪72.24
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4379 – ₪24,065.02
Key Currency Cheapest 3.4293 €0.00 ₪24,004.86 −₪60.16
Regency FX 3.4286 €0.00 ₪24,000.04 −₪64.98
TorFx 3.4275 €0.00 ₪23,992.82 −₪72.20
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4372 – ₪24,060.74
Wise Cheapest 3.4378 €39.78 ₪23,927.71 −₪133.03
Key Currency No quote collected this day – – – –
Regency FX No quote collected this day – – – –
TorFx No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4748 – ₪24,323.80
Key Currency Cheapest 3.4661 €0.00 ₪24,262.99 −₪60.81
Regency FX 3.4654 €0.00 ₪24,258.13 −₪65.67
TorFx 3.4644 €0.00 ₪24,250.83 −₪72.97
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4747 – ₪24,322.83
Key Currency Cheapest 3.4660 €0.00 ₪24,262.02 −₪60.81
Regency FX 3.4653 €0.00 ₪24,257.16 −₪65.67
TorFx 3.4643 €0.00 ₪24,249.86 −₪72.97
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
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
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4829 – ₪24,380.56
Key Currency Cheapest 3.4742 €0.00 ₪24,319.61 −₪60.95
Regency FX 3.4735 €0.00 ₪24,314.73 −₪65.83
TorFx 3.4725 €0.00 ₪24,307.42 −₪73.14
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4810 – ₪24,367.00
Key Currency Cheapest 3.4723 €0.00 ₪24,306.08 −₪60.92
Regency FX 3.4716 €0.00 ₪24,301.21 −₪65.79
TorFx 3.4706 €0.00 ₪24,293.90 −₪73.10
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4689 – ₪24,282.25
Key Currency Cheapest 3.4602 €0.00 ₪24,221.55 −₪60.70
Regency FX 3.4595 €0.00 ₪24,216.69 −₪65.56
TorFx 3.4585 €0.00 ₪24,209.40 −₪72.85
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4839 – ₪24,387.38
Key Currency Cheapest 3.4752 €0.00 ₪24,326.41 −₪60.97
Regency FX 3.4745 €0.00 ₪24,321.53 −₪65.85
TorFx 3.4735 €0.00 ₪24,314.21 −₪73.17
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Wise Cheapest 3.4844 €39.78 ₪24,252.12 –
Key Currency No quote collected this day – – – –
Regency FX No quote collected this day – – – –
TorFx No quote collected this day – – – –
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
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
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4898 – ₪24,428.80
Key Currency Cheapest 3.4811 €0.00 ₪24,367.72 −₪61.08
Regency FX 3.4804 €0.00 ₪24,362.84 −₪65.96
TorFx 3.4794 €0.00 ₪24,355.51 −₪73.29
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Wise Cheapest 3.4372 €39.78 ₪23,923.60 –
Key Currency No quote collected this day – – – –
Regency FX No quote collected this day – – – –
TorFx No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 3.4346 – ₪24,042.19
Key Currency Cheapest 3.4260 €0.00 ₪23,982.08 −₪60.11
Regency FX 3.4253 €0.00 ₪23,977.27 −₪64.92
TorFx 3.4243 €0.00 ₪23,970.06 −₪72.13

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. There are no bank quotes for this period.

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 23,982.08 ILS on 7,000 EUR, which is 60.11 ILS less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 24,367.72 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 94 comparisons to check how often today's top companies were the cheapest across 5 amounts over the past month.

  1. Key CurrencyAppeared in 27 comparisons

    Cheapest in 85% of them

  2. Regency FXAppeared in 27 comparisons

    Never the cheapest

  3. TorFxAppeared in 41 comparisons

    Cheapest in 27% of them

Based on 94 comparisons across 5 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, but it only quotes some of the amounts we track, so it isn't included in these figures.

Ways to send money from Italy to Israel

10 companies send money from Italy to Israel. You can send EUR via broker, online, app, multi-currency account, and global account, and more below.

Regular transfers

Money transfer apps

For the regular transfer home, an app like Wise is the easiest and most convenient option.

Over the past month, Wise was the cheapest app on 87% of the days it appeared for €7,000 transfers.

Wise charges €39.78 on a €7,000 transfer, and 23,901.33 ILS lands in within 3 hours.

For one-off transfers

Online transfers

Outside the euro transfers, a bank transfer passes through intermediary banks, and each one can take a cut along the way.

Online services skip this and use their own network (it’s much cheaper).

Wise delivers 23,901.33 ILS on €7,000 with a €39.78 fee and 0.02% markup.

In our comparisons over the past month, it was the cheapest online service on 26 of the 30 days it quoted.

Sending large sums

Currency brokers

Managed services charge no fees and work on margin instead, and the more you send to Israel, the better rate you will get.

Key Currency charges no fee and adds 0.25% on EUR/ILS rate.

Our analysis shows Key Currency was the cheapest broker in 89% of the transfers from €5,000 it quoted.

Travelling and receiving

Multi-currency accounts

If you travel to Israel often, or receive payments from there, this is the best option.

Multi-currency accounts let you hold EUR and ILS in one account, and give you local details.

I suggest trying Wise.

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

It holds EUR and ILS balances and charges small fees to convert between them.

For business payments

Global accounts

Global accounts are for businesses and freelancers with a partita IVA, paying suppliers abroad, invoicing foreign clients, holding a few currencies.

A few good options are Wise Business, Airwallex, and Payoneer.

Ways to fund EUR and receive ILS in Israel

With Key Currency, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending €7,000 gives your recipient 23,982.08 ILS.

In Italy, you can pay by bank transfer, debit card, credit card, and iDEAL.

Satispay and Bancomat Pay are mainly domestic payment methods, they do not send ILS to Israel by themselves.

In Israel, the recipient can use bank deposit.

  1. 1
    Bank transfer Bank deposit

    You pay €7,000.00

    ₪23,982

    Cheapest

  2. 2
    iDEAL Bank deposit

    You pay €7,000.00

    ₪23,867

    -₪116

  3. 3
    Debit card Bank deposit

    You pay €7,000.00

    ₪23,821

    -₪161

  4. 4
    Credit card Bank deposit

    You pay €7,000.00

    ₪23,821

    -₪161

Consider this when sending money from Italy to Israel

For a transfer from Italy, compare the amount received first. Then check whether you are making a SEPA payment, an extra-SEPA transfer or a cash-agent remittance, because each works differently.

Compare money transfer options

These are the leading options for a €7,000 transfer to Israel.

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 23,982.08 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 23,901.33 ILS, with the money arriving in within 3 hours.

SEPA only covers the first leg

A bonifico can move euros from your Italian bank to the transfer company through SEPA.

Companies like Key Currency then convert the money into ILS and pay your recipient in Israel through a local bank, a wallet, or a cash-pickup network.

SEPA may fund the transfer quickly, but the delivery time depends on the local payout method.

Check the agent when paying in person

In Italy, the term "money transfer" often means a cash-agent shop rather than an online bank transfer.

The Banca d'Italia confirms that money remittance must be provided by a bank, electronic money institution or authorised payment institution.

Their Italian agents must appear in the OAM register.

Prepare for anti-money-laundering checks

Italian banks and transfer companies can pause a large, unusual or poorly explained payment while they check its purpose and source.

Use a clear causale and keep the document that explains the money ready.

For property proceeds, tuition or moving savings, tell the bank before the transfer is due.

If a payment-service complaint is not resolved directly, the Arbitro Bancario Finanziario is the Italian financial ombudsman route.

How we analyse the market

Every company here is registered with Banca d'Italia or passported in from elsewhere in the EU.

We track 10 of them on EUR to Israel, comparing rates, fees and the ways to pay in and collect, updated in real time on live comparisons.

In the past 30 days alone, we analysed 94 comparisons across 5 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.

Nothing appears without passing our review.

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