Canonical: https://unicorncurrencies.com/send-money-to/israel/

# Intelligence: Sending Money to Israel

## Banking Requirements

- **Code:** **Bank Code + Branch + Account**

- **Format:** 2-digit bank, 3-digit branch, account number

## Route Context

- **Use case:** Pay Israeli suppliers for technology, cybersecurity, medical devices, defense equipment

- **Published local rails:** Masav, Zahav (Zahav+ RTGS), Bit

- **Timing note:** Settlement and credit timing depend on rail availability, funding, cut-offs, compliance review, correspondent handling, and receiving-bank release.

## Payment Control

- Check beneficiary details before release.

- Confirm payment purpose and invoice context.

- Keep proof available if the supplier says funds have not arrived.

- Review deductions if the amount lands short.

## Regulatory

- Bank of Israel regulations

- Israeli Customs documentation

- VAT (17%) on goods and services

- Ministry of Defense approvals for defense equipment

## Key Industries

- Technology

- Cybersecurity

- Medical Devices

- Defense

- Agriculture Tech

## Tips

- Israel = Startup nation, cybersecurity leader

- Masav standard for ILS business payments

- Tel Aviv = Tech hub, Jerusalem = Government center

- Strong R&D capabilities - innovation focus