Question 1

What's the best way to transfer money from Israel to Palestine?

Accepted Answer

With the global remittance market booming, there are so many choices for Israeli New Sheqel to ILS money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Palestine from Israel. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final ILS amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.

Question 2

How to get the best rate to transfer money to Palestine from Israel?

Accepted Answer

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Palestine from Israel. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your ILS to Israeli New Sheqel money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Israel to Palestine corridor to give you more good choices for your next ILS money transfer. This way you do not miss out on additional options to potentially save more.

Question 3

What's the cheapest way to send money to Palestine from Israel?

Accepted Answer

The final amount your recipient gets when you send ILS to ILS is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Israel to Palestine used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Israeli New Sheqel is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Israeli New Sheqel to Palestine exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.

Question 4

How to send money to Palestine from Israel through a bank?

Accepted Answer

We do not recommend using your local bank in Israel for your next ILS to ILS overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Israel to Palestine (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending ILS to Palestine. These companies will let you use your local bank account in Israel to pay for your Palestine money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.

Question 5

How to send money to Palestine from Israel fast?

Accepted Answer

If you need to convert ILS to ILS as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Israel to Palestine could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Israeli New Sheqel to Israeli New Sheqel funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Palestine.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Israel to Palestine. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.

Question 6

Which are the best money transfer companies to send money to Palestine from Israel?

Accepted Answer

Comparing money transfer companies for sending money to Palestine from Israel can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Palestine. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Israeli New Sheqel to Israeli New Sheqel transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Israeli New Sheqel yield on every Israeli New Sheqel that you send.

Question 7

Step by step guide to send money from Israel to Palestine

Accepted Answer

The first step to send money to Palestine from Israel is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your ILS to ILS overseas funds transfer.

Click through to the provider's site and register an account.
Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
Add recipient information including their bank account in Palestine if paying via ACH direct deposit or bank transfer.
Enter your sending amount, and initiate a transaction.
Pay for your transaction via your Israel bank account or alternative methods like a debit card.
Sit back and relax, and see your money travel to Palestine!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Israel to Palestine.

Compare today's Israel to Palestine (ILS to ILS) exchange rates

💡What today's Israel to Palestine exchange rates mean for you