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Best Ways to Send Money to Israel

Enjoy fast, low cost transfers, the best exchange rates, and strong customer support on money transfers to Israel.

Read on for quick reviews, expert insights, and all you need to know about money transfers to Israel.

Jonathan Merry
Author 
Jonathan Merry
3 minutes
November 21st, 2023
Disclosure
Best Overall
8.6
XE

XE is the top rated money transfer provider that usually appears in our search results to Israel.

Fastest Option
9.2
Wise

Wise tends to offer fast transfer times to Israel for many origin countries and send amounts.

Cheapest Option
8.9
TorFx

Users who searched to send money to Israel usually find TorFX had the lowest rates and fees.

Compare rates and fees for sending money to Israel

There are multiple ways to easily send and receive money in Israel but these will largely depend on the provider you decide to use.

What’s the Fastest Way to Send Money to Israel?

The fastest way to send funds to Israel is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its Israeli destination in a matter of minutes. The service is also rather affordable when compared to the slower competition. The only thing is to make sure you are paying for the fast option, otherwise, the transfer will take 3-5 days to complete.

What’s the Cheapest Way to Send Money Online to Israel?

The cheapest way to send cash online to Israel is through OFX. OFX is an exchange that can transfer money abroad for you. With OFX, you don’t pay any upfront, stated fees. Instead, you have to pay a small percentage of the total value of the transfer. This amount is smaller than any of the competition, and the more money you send at once with OFX, the cheaper it is. The fee starts at about 1% on the high end, but slowly weans down to 0.4% if you send more money.

The only catch to using OFX is they have a higher-than-average minimum transfer size requirement. If you can’t abide by their minimum transfer amount, then TransferWise follows closely behind OFX for affordability.

What’s the Easiest Way to Transfer Money to Israel?

The easiest way to send money online to Israel is through Wise. Wise is a simple, peer-to-peer money transfer system that allows you to send money with four simple steps.

  1. Tap the amount of money you need to send

  2. Tap the destination for your money

  3. Pay Wise for the transaction

  4. Wait one or two days for the money to arrive

What’s the Overall Best Way to Send Funds to Israel?

The overall best way to transfer money to Israel is through Wise. Wise is the most well-rounded option for Israel because it offers a great balance between speed, ease of use, and cost. While you have to wait a day or two for the transfer to be complete, the affordable price and easy-to-use interfaces make sending money simple and worth the wait.

Sending money via Wise is not limited to Israel. You can also send money to your friends and family in India, Philippines, Indonesiaand many more countries.

The USD to ILD exchange rate

Mid-market Rate
1
= 3.652155 ILS
Mid-market rate at: 17:27 UTC
USD/ILS Median: 3.664129 Low: 3.637720 High: 3.681499
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Contributors

Jonathan Merry
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com