Best ways to send money to Israel from United Kingdom
🏅 The overall best way to send GBP to Israel: TorFx
💲 The cheapest way to send money to Israel from United Kingdom: TorFx
⏲️ The fastest way to send money to Israel from United Kingdom: TorFx
🏦 The best way to send money from United Kingdom to Israel via a bank transfer: TorFx
💳 The best provider for credit card transfers from United Kingdom to Israel: Wise
💳 The best provider for debit card transfers from United Kingdom to Israel: TorFx
GBP to ILS
Israel is a country in the Middle East bordering Egypt, Jordan, Lebanon, and Syria. For almost a century the politics of Israel has made headlines and the country continues to be embroiled in controversy. Despite this, in 2019 Israel was ranked 30th in terms of GDP, with valuable imports such as diamonds, petroleum and cars.
Over the last 50 years the legal tender of Israel has changed several times; from the Israeli Lira (1948 - 1980) to the Israeli Shekel (1980 - 1986) to today’s official currency of the State of Israel, the New Shekel (ILS) introduced on January 1st 1986. The ISO (International Organization for Standardization) country code for Israel is ILS 3166 and the nation’s official foreign exchange reserves are issued by the Bank of Israel.
Choosing the best service provider
When considering how to send money Israel from United Kingdom there are some key aspects of the transfer to consider.
Some customers experience difficulties when sending money to Israel due to increased scrutiny surrounding the source of funds being transferred. For this reason, we recommend choosing a service provider that specialises in money transfers between GBP and ILS to avoid any issues later down the line.
The cheapest provider we found is TorFx at 4.48% above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using TorFx when transferring GBP to ILS.
This means that by using TorFx for online money transfers to Israel from United Kingdom, you are likely to save on transfer fees and benefit from fast speeds - so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access TorFx for any reason, our comparison engine has found Wise and XE also to be very good options when sending GBP - ILS.
This recommendation was updated one minute ago.
The cheapest way to send money from United Kingdom to Israel
In order to avoid high fees, you should consider the cheapest way to send from United Kingdom to Israel.
TorFx has been determined by our comparison engine to be currently offering you the cheapest rates possible.
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The fastest way to send money from United Kingdom to Israel
When sending money from United Kingdom to Israel, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, TorFx is the fastest way to send GBP - ILS.
What payment methods are available when sending money from United Kingdom to Israel?
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.
Sending money to Israel from United Kingdom using credit card
To avoid high fees you can opt to use an online money transfer provider such as Wise to pay for your transfer to Israel.
Sending money to Israel from United Kingdom using a debit card
With TorFx you can send money online to Israel using your debit card. But before making a payment, make sure you understand all the processing fees in place.
Using a wire transfer to send money from United Kingdom to Israel
Bank and wire transfers are the most common ways of sending money Israel as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use TorFx to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in Israel. If you're unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in Israel.
When sending money to Israel from United Kingdom using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.
On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as TorFx, Wise and XE.
Considerations for a GBP - ILS Currency Transfer
Before sending money to Israel from United Kingdom, you should consider the following:
The amount you want to transfer: It is likely that the more money you send to Israel the more value you will get and more ILS the recipient will receive. This is because any flat fee charged ends up as a smaller percentage of your transfer amount, and also because many providers allow you to negotiate a better exchange rate margin if sending large amounts.
The GBP - ILS exchange rate margin: Money transfer providers charge a small percentage on top of the mid-market exchange rates in order to generate revenue. Current mid market rate is 4.502004 and the lowest exchange rate margin is currently offered by TorFx at 4.48% above the mid market rate.
Hidden fees & charges: Before sending money to Israel, make sure the provider you are using doesn’t charge any hidden fees. Our reviews of the top ranked providers TorFx, Wise and XE will give insight here.
How to send money from United Kingdom to Israel at the best rate?
This one’s easy. Simply use our comparison table above to find the best provider to send GBP to ILS. After that it’s just a process of making your transfer via the following steps:
Click “Visit Site” inside our comparison table
Register for an account if required
Input how much you are willing to send
Fund your transfer
Receive & save an email confirming your transfer
How to receive transfers from GBP to ILS in Israel?
Your recipient has a few methods available to receive your money in Israel. These will vary between providers, but it is possible to find services that will:
Deposit ILS directly into a bank account
Enable the recipient to pick up cash a specific locations across Israel
Deliver money directly to their door
Send ILS to your recipient’s mobile wallet
If your recipient is going to collect or have the money delivered to them in Israel, then they will usually need the following:
A government issued I.D document such as passport, drivers license of Israeli identity card (Teudat Zehut)
The money transfer reference number
Senders details and the amount of money sent
How much money can be transferred from United Kingdom to Israel?
The amount of ILS you can receive from United Kingdom will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of ILS that can be received in Israel or sent from United Kingdom before making your transfer.
About Money Transfers to Israel from United Kingdom
We’ve compared the best money transfer providers to send money from United Kingdom to Israel. The cheapest provider for GBP to ILS transfers is TorFx, while the fastest is TorFx.
|💰 Most transferred amount||1000ILS +|
|💸 Cheapest provider (on average)||TorFx|
|⚡ ️Fastest transfer time||In minutes with TorFx|
|💱 Currency Transfer Pair||GBP - ILS|
|📈 GBP - ILS mid market rate||4.502004|
|💳 Pay-in options in United Kingdom||Bank transfer from United Kingdom with TorFx, Debit card with TorFx, Credit card with Wise|
|💵 Pay-out options in Israel||Bank accounts in Israel, Debit card|
|🏆 Top 3 GBP - ILS providers||TorFx, Wise and XE|