Banking and Foreign Currency - Nefesh B'Nefesh

Guide to Navigating the Israeli Banking System

Baruch Mackler — Mon, 26 Jul 2021 10:13:48 +0000

Guest Contributor: Gershon Kayman, Esq. Adapting to a new country includes adjusting to that country’s banking system. Since banking is a necessary and regular part of life, it is important to have an understanding of the Israeli banking system prior to Aliyah. Banking in Israel is different from banking in other Western countries. Although [...]

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When to Convert Your Foreign Currency in Shekels

Baruch Mackler — Mon, 26 Jul 2021 10:21:35 +0000

If you are about to realize your dream of Aliyah – Mazal Tov! It is an amazing and huge step that hopefully will add much happiness and meaning to your life. But with all the practical, immediate details that you are finalizing now, you also need to consider the longer-term financial ramifications of switching countries – and currencies – to ensure your continued financial stability.

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Money Transfer and Currency Conversion

Baruch Mackler — Mon, 26 Jul 2021 10:06:19 +0000

Nefesh B'Nefesh is not associated with, and does not endorse, any specific bank, money changer, or financial institution. Nefesh B'Nefesh strongly recommends conducting independent research before making financial decisions. A Word of Caution: Money changers are subject to regulations set forth by the Israeli government for currency conversion [...]

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Is Your Currency Broker Abroad Secure

Baruch Mackler — Mon, 26 Jul 2021 10:21:44 +0000

Make especially sure that you check the regulatory credentials of any non-bank foreign exchange specialist. Ensure the company operate segregated client accounts & have a proven track record in business

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Money Changers in Israel: Are They Safe?

Baruch Mackler — Mon, 26 Jul 2021 10:13:23 +0000

This article is written by Gershon Kayman, Esq., an Oleh from New York with 10 years experience practicing law. He can be reached at forexlegal@currencyave.com. Disclaimer: Please be sure to thoroughly check the credentials of any financial service provider before changing money or arranging bank transfers, and be aware of any risks involved. It [...]

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