Author: Rifka Lebowitz

The Ultimate Insider’s Guide to Personal Banking in Israel. Olim (Newcomers) to Israel are often confused as they confront the unfamiliar Israeli banking and financial system. Whether opening a bank account, transferring funds or a myriad of other tasks, dealing with Israeli banks and financial institutions is inevitable. However, frustration and confusion with Israeli banking doesn’t have to be.The new book Smarter Israeli Banking aims to lift the cloud of mystery and ambiguity that seems permanently settled over banking and finances in Israel. Author Rifka Lebowitz explains, “When I managed a foreign currency and investment desk in Ramat Bet Shemesh, I recognized that many people after Aliyah are confused and frustrated with the system. I wrote this book to provide an insider’s understanding of Israeli banking to make the experience easier, cheaper and less frustrating.”Smarter Israeli Banking offers an overview of how Israeli banks run and what consumers need to know to save money and bank smarter. Many olim bring an outsider’s mindset to the banking system and are frustrated when banks don’t function as expected. Israeli banks are run differently than those in most English-speaking countries. Lebowitz comments, “Since we can’t change the bank system, we have to change our expectations. It’s important to understand the system as it is so one can start thinking like an insider and live financially smarter.”Smarter Israeli Banking will help you •How to choose a bank•Writing checks and what to watch out for•How Israeli credit cards work•The mysteries of overdraft•Accounts for kids & saving money on feesWith a glossary of common Hebrew banking terms and tables comparing bank fees and terms, this reader-friendly guide demystifies the Israeli banking system. It’s a must-read for anyone living and banking in Israel.

November 1, 2017 by Rifka Lebowitz

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Rifka Lebowitz

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Smarter Israeli Banking

Smarter Israeli Banking

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