ILS – Israeli Shekel
The payment processing of this currency is considered to be highly standardised.
- Currency Guidelines
A clear reason / purpose of payment is recommended and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
Payments in ILS toward Israel
Besides the standard information, the IBAN format will be mandatory as from 1 July 2019 (see Appendix VI).
The beneficiary’s physical full address is recommended.
Moreover, it is recommended to provide the beneficiary’s telephone number in the remittance information.
Payments in ILS outside Israel
The IBAN format is mandatory (see Appendix VI).
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
To consult the Appendix(es) click hereAppendix VI: IBAN Application Rules
- Additional information
• Available charge options: OUR/SHA/BEN
• Central bank of Israel: http://www.boi.org.il/en/Pages/Default.aspx