Author Topic: CC and Bank Accounts in Israel?  (Read 15205 times)

Offline tjak

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Re: CC and Bank Accounts in Israel?
« Reply #30 on: March 27, 2015, 02:23:07 AM »
Capital one 360 is also a good option.

Offline Barryg

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Re: CC and Bank Accounts in Israel?
« Reply #31 on: March 27, 2015, 02:29:27 AM »
Capital one 360 is also a good option.
Cap1 is online, correct? Is there way to deposit checks or only direct deposit/ ACH ??
Fees to withdraw in Israel?
Do different banks have different exchange rates?

Offline tjak

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Re: CC and Bank Accounts in Israel?
« Reply #32 on: March 27, 2015, 02:35:14 AM »

Cap1 is online, correct? Is there way to deposit checks or only direct deposit/ ACH ??
Fees to withdraw in Israel?
Do different banks have different exchange rates?
You can deposit checks with the app. There are no fees for withdrawing in Israel.

Offline shauly

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Re: CC and Bank Accounts in Israel?
« Reply #33 on: March 27, 2015, 07:24:43 AM »
Is only difference between Schwab and TD the $2500 minimum for TD? Any advantages for TD?

I don't know anything about Schwab since I never used it, but I can tell you my experience with TD. I had a lot of trouble getting started with them. I made the account while in America, and put $3000 in it to stay over the minimum. When I got to Israel, I tried to put a check from my Chase account into TD from their app to pay my rent, but apparently you need to have the account for 3 months before you can use mobile deposits, so I had to have my mother in law make a deposit for me in the States. Not really their fault since I should have checked their policies, but still annoying. I'd imagine most banks would have similar policy. However, once I went to withdraw my rent, my card got eaten by the Israeli ATM since it got declined. I called TD to find out that there are withdrawal limits on new cards, and I had to wait for a new one to be mailed to Israel since Leumi had already mailed my card back to the states... I called to get a new card sent, and they say I need to send an SM requesting one, so I did. Days and weeks go by, and still nothing. So I call again and they tell me it was never sent, and to SM again.. Anyway, after a few days, I get my new card, and I call to ask them to lift the limits so I can make a withdrawal. Apparently, they can't do that over the phone, so I had to send an SM and wait for them to write back confirming that they did it. They didn't write back until I was already asleep, so I had to go through the whole process again, of calling and SMing.

So, bottom line, once you get through the first 3 months and you can use mobile deposit and withdraw without limits, they work fine.  ;D But until then, they are definitely not America's most convenient bank. Maybe give Schwab a try.

Offline Barryg

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Re: CC and Bank Accounts in Israel?
« Reply #34 on: March 27, 2015, 08:36:19 AM »
I don't know anything about Schwab since I never used it, but I can tell you my experience with TD. I had a lot of trouble getting started with them. I made the account while in America, and put $3000 in it to stay over the minimum. When I got to Israel, I tried to put a check from my Chase account into TD from their app to pay my rent, but apparently you need to have the account for 3 months before you can use mobile deposits, so I had to have my mother in law make a deposit for me in the States. Not really their fault since I should have checked their policies, but still annoying. I'd imagine most banks would have similar policy. However, once I went to withdraw my rent, my card got eaten by the Israeli ATM since it got declined. I called TD to find out that there are withdrawal limits on new cards, and I had to wait for a new one to be mailed to Israel since Leumi had already mailed my card back to the states... I called to get a new card sent, and they say I need to send an SM requesting one, so I did. Days and weeks go by, and still nothing. So I call again and they tell me it was never sent, and to SM again.. Anyway, after a few days, I get my new card, and I call to ask them to lift the limits so I can make a withdrawal. Apparently, they can't do that over the phone, so I had to send an SM and wait for them to write back confirming that they did it. They didn't write back until I was already asleep, so I had to go through the whole process again, of calling and SMing.

So, bottom line, once you get through the first 3 months and you can use mobile deposit and withdraw without limits, they work fine.  ;D But until then, they are definitely not America's most convenient bank. Maybe give Schwab a try.
Thanks...
Anyone know Schwab's policy on new accounts?

Offline NYHeel

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Re: CC and Bank Accounts in Israel?
« Reply #35 on: March 27, 2015, 12:06:37 PM »
Cap1 is online, correct? Is there way to deposit checks or only direct deposit/ ACH ??
Fees to withdraw in Israel?
Do different banks have different exchange rates?
CapitalOne360 is the old INGDirect. It's a very solid Checking/Savings option with very few fees if any. You can use picture deposit with the app or a computer to deposit checks though the limit is $3000 a day I believe. Of course you can always transfer money from another account. I use it as my secondary checking and for a short term savings account and like it a lot. Lots of free ATMs in the states as well.

Offline sruly101

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Re: CC and Bank Accounts in Israel?
« Reply #36 on: May 28, 2015, 06:23:09 AM »
Does anyone know which bank in Israel does not make you sign a W-9 form?

Hapoalim makes you sign or else they will freeze your account

Hadoar sent a letter today that if they don't get the form within a month they are closing the account

Any info anyone?

I just need the account for Bituach Liumi
Looking too, But there isn't

Offline Hidden

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Re: CC and Bank Accounts in Israel?
« Reply #37 on: May 28, 2015, 06:24:04 AM »
Looking too, But there isn't
Same problem?

Offline Hidden

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Re: CC and Bank Accounts in Israel?
« Reply #38 on: May 28, 2015, 06:28:24 AM »
Any way to have Bituach Liumi without bank account?

Offline Emkay

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Re: CC and Bank Accounts in Israel?
« Reply #39 on: May 28, 2015, 06:29:21 AM »
Any way to have Bituach Liumi without bank account?
i dont believe so

Offline moen

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Re: CC and Bank Accounts in Israel?
« Reply #40 on: January 13, 2016, 03:52:10 AM »
My Bank Hapoalim account starting charging me fees, I went in there with a new letter from my Yeshiva that I'm a student and they said that they don't give student accounts to foreigners. Any ideas? Do any other banks still do student accounts or do you need to be grandfathered in?

Offline PutANameToIt

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Re: CC and Bank Accounts in Israel?
« Reply #41 on: January 13, 2016, 04:15:52 AM »
Looking too, But there isn't

What's the problem with a w-9? What does it report?

Offline PutANameToIt

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Re: CC and Bank Accounts in Israel?
« Reply #42 on: January 13, 2016, 04:17:05 AM »
My Bank Hapoalim account starting charging me fees, I went in there with a new letter from my Yeshiva that I'm a student and they said that they don't give student accounts to foreigners. Any ideas? Do any other banks still do student accounts or do you need to be grandfathered in?

Bank Mizrachi does, but they make you go to their branch on Ben Yehuda... And their hours are horrendous if you're on a yeshiva schedule (the banking here completely boggles my mind)

Offline emjee

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Re: CC and Bank Accounts in Israel?
« Reply #43 on: January 13, 2016, 04:20:56 AM »
What's the problem with a w-9? What does it report?
Reports your bank accounts and possibly income from america if there is any and they look into it. I by mistake gave mine when I didn't realize what it was but when I asked and they told me o told them I don't have my wife's ssn on me and walked out. Haven't been asked again BH and never gave it. I believe that with doar bank you don't need to . Go with that eventhough it might be a little inconvenient.  It's worth it if u have anything to hide. :)

My Bank Hapoalim account starting charging me fees, I went in there with a new letter from my Yeshiva that I'm a student and they said that they don't give student accounts to foreigners. Any ideas? Do any other banks still do student accounts or do you need to be grandfathered in?

discount and Leumi still have it last time I chromed,  however it's becoming a new law so all banks beside doar will lose not have the perks of foreign student accounts. Hatzlacha

Offline PutANameToIt

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Re: CC and Bank Accounts in Israel?
« Reply #44 on: January 13, 2016, 04:15:23 PM »
Reports your bank accounts and possibly income from america if there is any and they look into it. I by mistake gave mine when I didn't realize what it was but when I asked and they told me o told them I don't have my wife's ssn on me and walked out. Haven't been asked again BH and never gave it. I believe that with doar bank you don't need to . Go with that eventhough it might be a little inconvenient.  It's worth it if u have anything to hide. :)

slightly confused. Who does this get reported to? IRS? It reports all money as income? Or is it just a statement that "John Smith currently owns $xx.xx in foreign currency overseas" in which case what's there to be worried about?