🇮🇱 Pay Suppliers in Israel
Pay Israeli suppliers for technology, cybersecurity, medical devices, defense equipment
T+0 (2.3s avg within Unicorn network). Save 81% vs traditional banks.
What you need to send money to Israel
What details do I need to pay suppliers in Israel?
To pay suppliers in Israel you need the recipient's Bank Code + Branch + Account (2-digit bank, 3-digit branch, account number), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Israel?
Payments to Israel settle in an average of 2.3 seconds when using local rails such as Masav, compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Israel?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 81% versus banks (e.g. £505 vs £2630 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Israel
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 2.6% | 0.5% |
| Payment Fee | £30 | £5 |
| Total Cost (£100,000) | £2,630 | £505 |
| YOUR SAVINGS | N/A | £2,125 (81%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Israel
Avoid expensive SWIFT fees. We use local payment systems in Israel for faster, cheaper settlement.
Masav
Israel automated clearing house, widely used
Zahav (Zahav+ RTGS)
Bank of Israel RTGS for large payments
Bit
Israeli instant payment app for businesses
Who Uses This Payment Corridor
Key Industries in Israel
- Technology
- Cybersecurity
- Medical Devices
- Defense
- Agriculture Tech
Average Transaction: £60k-£300k
Typical Monthly Volume: £380k-£3.8M
Popular Supplier Types
- Tech companies (Tel Aviv, Herzliya)
- Cybersecurity firms (Tel Aviv, Beersheba)
- Medical device manufacturers (Jerusalem, Haifa)
- AgTech companies (Negev region)
What You Need to Know: Israel Payments
Regulatory Considerations
- Bank of Israel regulations
- Israeli Customs documentation
- VAT (17%) on goods and services
- Ministry of Defense approvals for defense equipment
Payment Tips for Israel
- Israel = Startup nation, cybersecurity leader
- Masav standard for ILS business payments
- Tel Aviv = Tech hub, Jerusalem = Government center
- Strong R&D capabilities - innovation focus
Why Choose Unicorn for Israel Payments
Local Rails, Not SWIFT
We use Masav and other local systems in Israel. Avoid 3-4% SWIFT fees and 2-3 day delays.
81% Lower Costs
Save £2,125 on every £100,000 payment. On £380k-£3.8M monthly volume, save up to £63,750 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Israel payments.
Real-Time FX Tracking
Upload supplier invoices in ILS. See live P/L as GBP/ILS rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Israel? Save 81%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Israel
For businesses with high annual FX volume. Not consumer transfers.