web analytics
February 13, 2016 / 4 Adar I, 5776
News & Views
Sponsored Post


Bank of Israel Orders 50 Percent Cut in Bank Fees

JewishPress Logo

The Bank of Israel ordered on Monday a 50 percent cut in fees Israel’s banks charge customers’ checking accounts.

The banks make money, piles of it, by milking customers for two transactions for every check – one for the deposit and one for the transfer of funds.

Bank of Israel Supervisor David Zaken ordered a stop to the procedure on Monday, leaving customers to be billed for only once charge per check, Globes business newspaper reported.

Zaken also ordered reforms in the area of stock exchange transactions.

About the Author: Tzvi Ben Gedalyahu is a graduate in journalism and economics from The George Washington University. He has worked as a cub reporter in rural Virginia and as senior copy editor for major Canadian metropolitan dailies. Tzvi wrote for Arutz Sheva for several years before joining the Jewish Press.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Bank of Israel Orders 50 Percent Cut in Bank Fees”

Comments are closed.

Current Top Story
Obama Boycotts Israel
White House: Obama Will Sign Trade Bill Begrudgingly, Hates Anti-BDS Part

Printed from: http://www.jewishpress.com/news/breaking-news/bank-of-israel-orders-50-percent-cut-in-bank-fees/2013/07/08/

Scan this QR code to visit this page online: