Israel IBAN
A Israel IBAN is 23 characters long.
IL and two check digits open every Israel IBAN; its remaining 19 form the BBAN (Basic Bank Account Number). Transfers into Israel arrive in ILS over SWIFT.
Example Israel IBAN
Electronic format
IL620108000000099999999
Print format
IL62 0108 0000 0009 9999 999
IBAN structure for Israel
Major banks in Israel
7 banks in Israel that support IBAN-based international transfers:
Format reference: SWIFT IBAN Registry.
Israel IBAN questions
What is the IBAN format for Israel?
An Israeli IBAN is exactly 23 characters long. It starts with IL, 2 check digits, a 3-digit bank number, a 3-digit branch number, and a 13-digit account number. Example: IL62 0108 0000 0009 9999 999.
Is Israel part of SEPA?
No. Israel is not a SEPA member. International transfers to Israel are processed through the SWIFT network. Domestic transfers are processed through ZAHAV (Zikui Amiti Hagvoh V'Irtzi), the Bank of Israel's real-time gross settlement system for high-value ILS payments.
What bank numbers do Bank Leumi, Bank Hapoalim, and Israel Discount Bank use?
Israeli bank numbers (3 digits, positions 5–7 of the IBAN): Bank Leumi uses 10, Bank Hapoalim uses 12, Israel Discount Bank uses 11, and Mizrahi Tefahot Bank uses 20. First International Bank of Israel (FIBI) uses 31, and Bank Yahav uses 04.
How do I find my IBAN at an Israeli bank?
Your IL IBAN is available in your bank's online banking or mobile app under account details. Bank Leumi's LeuminSmartApp, Bank Hapoalim's Poalim Digital, and Israel Discount Bank's digital banking all display the 23-character IBAN. It also appears on bank statements and welcome documents.
What do I need to receive an international transfer to Israel?
Provide your full 23-character IL IBAN and your bank's SWIFT/BIC code. Bank Leumi's SWIFT code is LUMIILITTLV; Bank Hapoalim's is POALILIT; Israel Discount Bank's is DSCBILITXXX. The Bank of Israel may require banks to report and document large inbound foreign currency transfers.
Do Israeli banks offer foreign currency accounts?
Yes. Major Israeli banks — Bank Leumi, Bank Hapoalim, and Israel Discount Bank — offer foreign currency accounts in USD, EUR, and GBP alongside standard ILS accounts. Foreign currency accounts each have their own IBAN and can receive international transfers without conversion to ILS. This is particularly useful for receiving salary or payments in USD from US-based employers or clients.
Are there reporting requirements for large international transfers to Israel?
Yes. Bank of Israel regulations require that banks report large inbound foreign currency transfers above certain threshold amounts. For very large wires, your bank may ask you to provide documentation of the source of funds and the purpose of the transfer. This is a standard AML (anti-money laundering) compliance measure applied by all major Israeli banks.
Can Israeli diaspora members in the US or Europe send to Israeli IBANs easily?
Yes. All major Israeli banks have strong correspondent banking relationships with US and European banks. Transfers in USD from the US or EUR from Europe are routinely processed with 1–3 business day settlement. Dedicated Israeli payment services and some Israeli banks also offer competitive exchange rates for diaspora remittances.
How IBAN is used in Israel
Israel uses a 23-character IBAN regulated by the Bank of Israel (BoI). Israeli bank accounts carry the IL prefix and the IBAN is the required format for international wire transfers. Israel is not part of SEPA; cross-border payments are processed via SWIFT. The domestic currency is the Israeli new shekel (ILS). Israel's domestic payment system, ZAHAV (Zikui Amiti Hagvoh V'Irtzi), handles real-time gross settlement for high-value ILS transfers.
- An Israeli IBAN is 23 characters long: the country code IL, two check digits, a three-digit bank number, and a 13-digit account number (three-digit branch and ten-digit account). Bank Leumi (bank number 10), Bank Hapoalim (12), Israel Discount Bank (11), and Mizrahi Tefahot Bank (20) are the four largest banks by assets. Your IBAN is displayed in your online banking account and on your bank statement.
- Israel's ZAHAV system processes same-day ILS inter-bank transfers between Israeli banks using the IBAN. For international transfers from abroad, senders need your full 23-character IL IBAN and your bank's SWIFT/BIC code. Bank of Israel regulations require certain foreign currency inflows above defined thresholds to be reported, and your bank may ask you to document the source of large international transfers.
- Israel has a large diaspora, particularly in North America and Europe, from whom remittances are a common source of inbound SWIFT transfers. Many Israeli banks offer foreign currency accounts (USD, EUR, GBP) alongside the standard ILS account, each with its own IBAN. If you regularly receive USD or EUR transfers, maintaining a foreign currency account can avoid costly ILS conversion at your bank's retail exchange rate.
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