transferring money from abroad using IsraTransfer

June 5, 2013 at 4:00 pm 2 comments

Over the past few years I have gotten many mails with questions about salaries from abroad.  While I can help with the pension and budgeting part, more help is needed, specifically when moving the foreign currency to Israel and not getting ripped off on the exchange rate.  I was thrilled to see IsraTransfer ‘s service and to this day I have only heard positive customer feedback.  I asked the people at IsraTransfer to explain their service on this blog for whomever has need of such a service. 

Have you been wondering why the bank charges so much in fees when you want to send money over from back home? Well, the answer is, because they can. Don’t worry, we’re here to help!

IsraTransfer is Israel’s premier wire transfer specialist for individuals and businesses. We offer various services to fit your needs. IsraTransfer is also the exclusive operator of the AACI Foreign Exchange Program which offers the most secure transfer alternative to your bank.

The Service
Our basic service is simple: A client sends us funds (bank transfer only) in a foreign currency (i.e. USD, GBP, EUR, etc), IsraTransfer converts the funds into Shekels with the trading desk of the bank at a wholesale rate, and then send the Shekels on to the client’s bank account. No receiving fees, no converting fees, and the best rates.

For Individuals
The most prominent reasons individuals transfer money into Israel are for property purchase and Aliyah. While most transfers for these purposes are simple money-in money-out operations, IsraTransfer can also help you with strategic transfer planning to ensure you are getting the most out of your foreign exchange.

One of the other main reasons for making transfers is fixed income such as Social Security, pension, or other investments. This is an area we deal with frequently and we can help maximize your payments.

If you are planning on making Aliyah, buying a home in Israel, or simply need to make regular payments into Israel - contact us!

For Business
There are a few services we offer for businesses that work internationally. Some companies have the need to transfer money in between the organization, such as for payroll and billing, other organizations do business overseas requiring payments for goods or services, and some businesses collect money in Israel for services.

We offer companies the same basic transfer setup for regular payments, but we also have risk solutions available for companies that are exposed to the fast-moving currency market. Hedging offerings include Forward Contracts and Currency Options. IsraTransfer can help your business with the right solution to fit your needs.

IsraTransfer’s team has over 20 years combined experience in the foreign exchange market and we have a deep understanding the global currency market. Please feel free to contact us at any time by phone 074-701-8887 or email info@isratransfer.com. You can also read our great interviews and article on our blog.

We would love to hear your thoughts, questions, and issues on money transfers and currency exchange. Please leave us a comment below!

Entry filed under: banking, cutting back other expenses, Personal Finance, save money now, Taxes, Banking & Mortgages. Tags: .

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2 Comments Add your own

  • 1. Craig Caplan  |  June 5, 2013 at 4:03 pm

    Their service is really great – I have used them a few times.

    Reply
  • 2. Jeremy Hess  |  June 6, 2013 at 9:27 am

    Thanks, Craig. Great to hear!

    Reply

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legal warning

legal warning: I am not a certified accountant, nor financial adviser. The information here should not be understood legally as financial advice. If you believe anything on this site is in error, please contact me. I am always open to corrections, new ideas, and new opinions...
Jonathan Degani is a licensed insurance agent introducing and selling pension and financial products as opposed to being a pension or financial adviser.  Jonathan Degani is a non-tied agent that predominantly markets pension products of the following companies: Life Insurance – Clal, Harel, Menora, Migdal, Phoenix Pension Funds – Clal Pensia, Harel Pensia-Harel Gilad Pensia, Meitav-Dash Pensia, Menora Mivtachim Pensia, Migdal Makefet, Phoenix Pensia Financial Products – Clal Pensia, Harel Pensia-Harel Gilad Pensia, Meitav-Dash Pensia, Menora Mivtachim Pensia, Migdal Makefet, Phoenix Pensia

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