Open an ILS Account - Israeli Shekel

To open an account, it’s very simple.

1. Send us your request to open an ILS account through the form on the left or via the account opening form. We will contact you to schedule a phone call to fully understand your needs regarding ILS flows.
2. Following this exchange, we assist you with the administrative formalities to open access to the services of one of our partners, selected based on your needs. We remain your sole point of contact for the entire client relationship.
3. Once access to services is validated, you can request the opening of your Israeli Shekel account and any other eligible currency. The banking details of your ILS account are generally provided within minutes, and you can start receiving and making payments in ILS (Israeli Shekel).
4. If your business evolves and you have needs in other currencies, you can request the addition of an account in another currency at any time.

The Israeli Shekel (ILS) account for which we provide the details is not a bank account per se because the account-holding institution is not a bank but a partner payment institution. These accounts are labeled in your name, and the IBAN linked to the account is unique. You thus have a guarantee of segregation of your funds in the books of our partners. The security guarantees for your funds are similar to those offered by traditional banks. The account can be located in different countries according to your operational needs. Please consult the page related to opening an Israeli Shekel (ILS) account for more information.

It may be useful for your ILS (Israeli Shekel) account to be located in France or, conversely, in another country, depending on your operational needs and the location of your clients. This is why we allow great flexibility in the location of currency accounts. The ILS (Israeli Shekel) account can be located in the following countries of your choice:

• France
• United Kingdom
• Belgium
• Netherlands

You can consult the updated table of possible locations for ILS (Israeli Shekel) accounts here: account locations

You can use this Israeli Shekel account to receive or store ILS for as long as you wish as long as your account is active. You are automatically notified by email each time an Israeli Shekel transfer is received in your ILS account. You can then freely reuse these ILS to make payments in ILS to your suppliers or convert your Israeli Shekels by benefiting from very competitive exchange rates. You have no obligation of movement on the accounts. 

Foreign currency payment collection systems like Adyen, Stripe, Paypal, Hipay, or internal marketplace systems like Amazon Pay are widely used by companies conducting international transactions. These systems are efficient, but if you do not have an account in the collected foreign currency, your income in that currency is automatically converted into euros at an often very unfavorable exchange rate, and even when you have a bank account in the collected currency, this account often needs to be located in the country where the sale takes place, which can be complicated with a traditional bank. Some of our partners offer currency accounts compatible with most marketplaces and collection systems.

You can find all eligible currencies for opening a currency account by visiting this page.

It is not possible to deposit checks or cash into your ILS (Israeli Shekel) account. Only bank transfers are accepted for transactions on the account. No bank card can be linked to the account at this time.

Account statements detailing all operations in Israeli Shekels are downloadable at any time from the online interface. These statements include maximum information on beneficiaries, the origin of funds, related exchange operations, to facilitate the work of your accounting department.

All account statements can be automatically integrated into your treasury software or ERP via MT940 files. You will find all movements in ILS (Israeli Shekel) in your software, and you do not even need to connect to our online interface to obtain the up-to-date balance of your ILS (Israeli Shekel) account. Our technical teams can also automate the processing of currency payment files provided by your TMS / ERP.