Author Topic: CC and Bank Accounts in Israel?  (Read 14181 times)

Online cholent

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Aug 2014
  • Posts: 1729
  • Total likes: 63
  • DansDeals.com Hat Tips 0
    • View Profile
Re: CC and Bank Accounts in Israel?
« Reply #90 on: August 04, 2016, 09:51:44 AM »
I'm sure this has been discussed before but can't find it. What's my best bet when visiting: changing at a money changer or using cc without foreign exchange fees wherever possible? Or something else I'm not thinking of?
Don't ask stupid questions and you won't get stupid answers

Offline emjee

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Nov 2015
  • Posts: 1257
  • Total likes: 13
  • DansDeals.com Hat Tips 0
    • View Profile
Re: CC and Bank Accounts in Israel?
« Reply #91 on: August 04, 2016, 09:55:29 AM »


using cc without foreign exchange fees wherever possible?

That

Online David Smith

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2015
  • Posts: 8161
  • Total likes: 160
  • DansDeals.com Hat Tips 13
    • View Profile
Re: CC and Bank Accounts in Israel?
« Reply #92 on: August 04, 2016, 09:59:09 AM »
I'm sure this has been discussed before but can't find it. What's my best bet when visiting: changing at a money changer or using cc without foreign exchange fees wherever possible? Or something else I'm not thinking of?
Withdrawing money from ATM (with a no forex/foreign ATM fee debit card) is also a better exchange rate than money changer.
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline emjee

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Nov 2015
  • Posts: 1257
  • Total likes: 13
  • DansDeals.com Hat Tips 0
    • View Profile
Re: CC and Bank Accounts in Israel?
« Reply #93 on: August 04, 2016, 11:56:08 AM »
Withdrawing money from ATM (with a no forex/foreign ATM fee debit card) is also a better exchange rate than money changer.
+1

Offline Jack out of the box

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Oct 2015
  • Posts: 308
  • Total likes: 2
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: ארצינו הקדושה
  • Programs: Chase UR, BA Avios, AAdvantage, UA Mileage Plus, SPG
Re: CC and Bank Accounts in Israel?
« Reply #94 on: August 04, 2016, 05:49:30 PM »
Withdrawing money from ATM (with a no forex/foreign ATM fee debit card) is also a better exchange rate than money changer.

That

+1

Online cholent

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Aug 2014
  • Posts: 1729
  • Total likes: 63
  • DansDeals.com Hat Tips 0
    • View Profile
Re: CC and Bank Accounts in Israel?
« Reply #95 on: August 04, 2016, 06:15:41 PM »
Withdrawing money from ATM (with a no forex/foreign ATM fee debit card) is also a better exchange rate than money changer.
Thanks. I don't have that and I'm not going to open a bank account just for a one week trip. I'll stick to cc and money changers
Don't ask stupid questions and you won't get stupid answers

Offline rochk123

  • Dansdeals Silver Elite
  • **
  • Join Date: May 2013
  • Posts: 73
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: 21209
Re: CC and Bank Accounts in Israel?
« Reply #96 on: August 04, 2016, 06:29:10 PM »
Update: I went into Poalim to open an account and they told me to fill out a form and if corporate approves me ill get a call to come back and open an account. They said out of the over 200 applications they received that month they approved less than 10. Obviously that call never came.


That is  exactly what happened with me. I'm sure it happened to a lot of people.

Offline rochk123

  • Dansdeals Silver Elite
  • **
  • Join Date: May 2013
  • Posts: 73
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: 21209
Re: CC and Bank Accounts in Israel?
« Reply #97 on: August 04, 2016, 06:30:33 PM »
I'm sure this has been discussed before but can't find it. What's my best bet when visiting: changing at a money changer or using cc without foreign exchange fees wherever possible? Or something else I'm not thinking of?

Probably using a CC. You cant go wrong with that.

Offline Jack out of the box

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Oct 2015
  • Posts: 308
  • Total likes: 2
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: ארצינו הקדושה
  • Programs: Chase UR, BA Avios, AAdvantage, UA Mileage Plus, SPG
Re: CC and Bank Accounts in Israel?
« Reply #98 on: August 04, 2016, 06:33:23 PM »
Probably using a CC. You cant go wrong with that.
There are some places where foreign cards are not accepted. It's happened to me on gasoline, for example.

Online David Smith

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2015
  • Posts: 8161
  • Total likes: 160
  • DansDeals.com Hat Tips 13
    • View Profile
Re: CC and Bank Accounts in Israel?
« Reply #99 on: August 04, 2016, 06:36:25 PM »
There are some places where foreign cards are not accepted. It's happened to me on gasoline, for example.
In general, it's much easier to negotiate when paying cash.
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline rochk123

  • Dansdeals Silver Elite
  • **
  • Join Date: May 2013
  • Posts: 73
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: 21209
Re: CC and Bank Accounts in Israel?
« Reply #100 on: August 05, 2016, 10:24:26 AM »
There are some places where foreign cards are not accepted. It's happened to me on gasoline, for example.

Yeah for gas you have to go inside. Then they will swipe it for and it will work.

Offline rochk123

  • Dansdeals Silver Elite
  • **
  • Join Date: May 2013
  • Posts: 73
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: 21209
Re: CC and Bank Accounts in Israel?
« Reply #101 on: August 05, 2016, 10:26:05 AM »
In general, it's much easier to negotiate when paying cash.

That's true especially in the Shuk and certain places. However if your just looking to some restaurants, rent a car pretty much do basic stuff I would think it makes the most sense to stick with a CC.

Offline tanipollak

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jul 2013
  • Posts: 178
  • Total likes: 0
  • DansDeals.com Hat Tips 2
    • View Profile
  • Location: Houston/ Yeshiva University
Re: CC and Bank Accounts in Israel?
« Reply #102 on: August 05, 2016, 11:10:56 AM »
Will the sapphire give 2x for travel in taxis? What will be cheapest for me? Exchanging American cash for shekels at airport or just using sapphire? Also where's the best place do get shkalim for American dollars?

Offline Boruch999

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jun 2014
  • Posts: 1514
  • Total likes: 45
  • DansDeals.com Hat Tips 0
    • View Profile
Re: CC and Bank Accounts in Israel?
« Reply #103 on: August 05, 2016, 11:38:55 AM »
Will the sapphire give 2x for travel in taxis? What will be cheapest for me? Exchanging American cash for shekels at airport or just using sapphire? Also where's the best place do get shkalim for American dollars?

Don't change dollars for cash at the airport.  I've had taxis categorized as transport/travel with Barclays.  Any change in Yerushalaim should give you 3 agarot below the mid market rate.

Offline Jack out of the box

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Oct 2015
  • Posts: 308
  • Total likes: 2
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: ארצינו הקדושה
  • Programs: Chase UR, BA Avios, AAdvantage, UA Mileage Plus, SPG
Re: CC and Bank Accounts in Israel?
« Reply #104 on: August 07, 2016, 04:11:59 AM »
Will the sapphire give 2x for travel in taxis? What will be cheapest for me? Exchanging American cash for shekels at airport or just using sapphire? Also where's the best place do get shkalim for American dollars?
The airport is the worst place to change money in terms of rates.
Any money changer in Yerushalaim should give you 3 agarot below the mid market rate.
Just make sure you know the mid-market rate at the time you walk in there. Also bring hundred-dollar bills or at least 50s for the best deal. Money changers here tend to give lower rates for quantities of smaller bills because they have a hard time getting rid of them. (I was in the business until very recently.)