Traditional Providers
Open an Israeli New Shekel Business Account
Open an ILS business account and operate across Israel with confidence. Hold, send, and receive ILS via SWIFT for international transfers. Manage your ILS balances with clear control over every transaction.
Reduce FX friction and simplify international transfers
Unique account details in your company’s name
Access SWIFT network for ILS payments
Suitable for international operations, non-resident directors, and multi-jurisdictional ownership
Israeli New Shekel
Currency name
ILS
ISO code
₪
Currency symbol
What’s Included with Your Israeli New Shekel Business Account
A dedicated ILS currency account connects your operations to Israel’s economy without the complexity of establishing a domestic banking presence. You can send, receive, and hold ILS under a single multi-currency framework, ensuring greater control over liquidity and conversions.
Key Benefits
Collect revenues in ILS without forced conversion into another base currency.
Pay suppliers and counterparties in their preferred currency.
Align FX execution with treasury policy and market timing.
Build credibility and trust with global counterparties.
The Risk of Not Having an Israeli New Shekel Business Account
Managing ILS activity only through foreign-currency accounts or ad-hoc conversions creates unnecessary cost, delays, and compliance challenges. Without a dedicated ILS account, local settlement becomes slower and less predictable.
FX erosion:
Repeated, unplanned conversions compress margins.
Payment delays:
SWIFT-only routes add intermediaries, days, and fees.
Counterparty friction:
Local partners prefer ILS transfers to domestic accounts.
Compliance hurdles:
Paying taxes and payroll without ILS can be challenging.
Who We Serve
Our ILS Business Accounts Are Designed for
We support a wide range of internationally minded businesses. From fast-growing companies to established global organisations managing complex operations.
Global Corporates
Centralise ILS receivables, fund suppliers and payroll, and align ILS costs with ILS revenues for cleaner margins.
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Funds & Institutions
Manage capital calls and distributions in ILS with role-based approvals and clear audit trails.
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Private Equity
Efficient ILS flows for deals, fees, and SPV/holdco structures with policy-driven FX.
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Family Offices
Discreet ILS management for assets, commitments, and inter-entity transfers under tight permissions.
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The All-in-One Platform
Banq Global vs. Traditional Providers
Open business accounts (20+ countries)
Open multi-currency accounts (30+ currencies)
Preferential exchange rates (130+ currencies)
Receive global payments (190+ countries)
Make global payments (190+ countries)
Currency risk management
Mass payments
Trade finance
All-in-one platform
Dedicated relationship manager
Business Account - Step by Step
How to Open an Israeli New Shekel Business Account
A clear, expert-led process that reduces rework, shortens decision time, and maintains certainty.
01
Scoping & Fit
We review your structure, directors, UBOs, and ILS flows to confirm feasibility and align the account with your treasury needs.
02
Document Pack
A precise, tailored checklist for your entity type and structure, minimising rounds of clarification.
03
Compliance Review
Disciplined AML/KYC due diligence with prompt Q&A and clear status visibility.
04
Account Issuance
ILS account in your company’s name with SWIFT enablement.
05
Go-Live & Controls
Users, roles, approvals, payment templates, and FX policy (including market orders) configured to your standards.
Israeli New Shekel Business Account - FAQs
Opening an ILS account raises questions on eligibility, payment rails, non-resident onboarding, and compliance. Below are answers to the questions global finance teams ask most often.