Source of Funds
Verifying the source of funds is a key part of secure international money transfers.
Below we provide an overview of what “source of funds” means, why it’s required, and what documentation you may be asked to provide when sending money to Israel.
Verifying the source of funds is a key part of secure international money transfers.
Below we provide an overview of what “source of funds” means, why it’s required, and what documentation you may be asked to provide when sending money to Israel.
Rest assured we're here to help every step of the way.
Why are Source of Funds required?
It is essential to provide a clear source of funds when making international transfers or large transactions.
This requirement exists to comply with legal and banking regulations designed to prevent financial crime and protect both customers and institutions.
By demonstrating where your money originates—whether through income, savings, inheritance, or the sale of assets—you help ensure transparency and smooth processing of your transaction. Our experienced team is committed to assisting you every step of the way so you can meet all necessary requirements with confidence.
Disclaimer:
Each individual's circumstances are unique, so the exact documents or evidence required may vary from case to case. No single list can cover every situation. Please consult with our team for personalized guidance on what you may need for your transfer or transaction
We may ask for documents that show where your money comes from. Here are some that you may need, have them ready to help speed up your transfer
Curated sets
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Curated sets
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Bank statement
It needs to have:
1. Name and account number
2. The funds going in and out of your
account
Sales agreement or lawyer letter
It needs to have:
1. Signatures of both parties
2. Property address and description
3. Dates of ownership
We may ask for documents that show where your money comes from. Here are some that you may need, have them ready to help speed up your transfer
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2008
Founded
15,000+
Satisfied clients
10 Billion+
Shekels exchanged
Property clients supported
2,500+
Disclaimer: The exchange rate displayed on our currency converter reflects the mid-market rate, which is the average rate between buyers and sellers of a currency. This rate does not include IsraTransfer’s fees or margins, which are applied to the final rate you receive. For a transparent breakdown and to understand your exact rate, please contact us directly.
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Convert your currency to ILS with the IsraTransfer exchange rate.
Enjoy great rates, low fees, and an easy-to-use platform that makes sending money simple and cost-effective. Start saving more today with IsraTransfer.
Cheaper than Banks
We take a lower margin than the banks, saving you money.
View our price comparison chart here
First Class Service
We are professionals who understand your language, culture, and customer service expectations.
Your Security is Priority
We are fully licensed by the Capital Market, Insurance and Savings Authority 57488.
Cheaper than Banks
We take a lower margin than the banks, and we never charge additional or hidden fees.
Dependable
Since the founding of the company in 2008, we have worked diligently to create a trusted brand based on the reliability of our services and the relationships we build with our clients.
Relationships
We truly believe that each client deserves personalized attention and service, irrespective of the amount traded.
Secure
We wouldn’t risk our own money, and we certainly wouldn’t risk yours. It’s as simple as that. We convert funds as soon as our client gives permission to trade.
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Thousands of individuals and businesses trust IsraTransfer
Regardless of the amount and purpose of the transfer. Whether you are an oleh, foreign resident, investor or business, we offer perfect solutions for your currency transfer needs.
Our Mission
How to convert your currency to Israeli New Shekels
1. Open an Account
Create an account and ensure you have your required documentation ready for a smooth onboarding process. Our team is here to guide you if you need assistance.
2. Log in to our Portal and
check live rates
Log in to our advanced & secure Client Portal (available on desktop or mobile) and check our currency calculator. Choose your currency as your starting currency and ILS as the currency you want to convert to.
3. Convert your currency!
Initiate your transfer!
Enjoy a seamless, secure, and fast process
with competitive rates.
Sofa pod
Bank Statement
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Sales agreement or lawyer letter
Change the text to include your own content. Adjust the font, size or scale to customize the style.
The paperwork you may need
to get your transfer done
Below we provide an overview of what type of documentation you may be asked to provide when sending money to Israel.
Rest assured we're here to help every step of the way.
Bank Statement
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Sales agreement or lawyer letter
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Bank Statement
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Sales agreement or lawyer letter
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Bank Statement
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Sales agreement or lawyer letter
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Curated sets
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Curated sets
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Why are
Source of Funds
needed?
When transferring money internationally or moving larger sums, you may be asked to provide Source of Funds information. Simply put, this means showing where your money comes from.
This is a legal and regulatory requirement followed by banks and licensed money service businesses worldwide. These rules are in place to prevent financial crime and to protect both you and the institutions handling your transfer.
By confirming the origin of your funds — whether they come from income, long-term savings, an inheritance, or the sale of an asset — you help us process your transfer smoothly and without unnecessary delays.
Below we provide an overview of what type of documentation you may be asked to provide when sending money to Israel.
Rest assured we're here to help every step of the way.
The type of paperwork you may need
Why are
Source of Funds
needed?
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The paperwork you may need
to get your
transfer done
We may ask for documents that show where your money comes from. Here are some that you may need, have them ready to help speed up your transfer
Bank Statement
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Sales agreement or lawyer letter
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Bank Statement
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Sales agreement or lawyer letter
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Bank Statement
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Sales agreement or lawyer letter
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Seamless Currency Conversion
Ready to
transfer money
to Israel?
Looking for money transfers to Israel?
Send US Dollars, Euros, Pound Sterling and more.
Receive Israeli New Shekels –
It's That Simple with IsraTransfer.
Getting started is a breeze! Once you’ve registered with us and have your source of funds documentation ready, simply log in to our advanced portal—accessible via desktop or mobile app. Fund your account in the currency of your choice, then head to the Transfers section. Select Israel as your destination and enter the amount your recipient should receive in Israeli New Shekels.
Cheaper than Banks
We take a lower margin than the banks,
saving you money.
First Class Service
We are professionals who understand your language, culture, and customer service expectations.
Your Security is Priority
We are fully licensed by the Capital Market, Insurance and Savings Authority 57488.
Cheaper than Banks
We take a lower margin than the banks, and we never charge additional or hidden fees.
Meet the Co-Founders
Our Leadership
At IsraTransfer, we are passionate about providing a secure and simple service to our clients. With over 70 combined years experience, our leadership team understand your language, culture, and expectations.
Experience matters, it's why our clients keep coming back.
Whether it be the language barrier, inconvenient opening hours, or impatient clerks, dealing with the banks in Israel can be frustrating, to say the least. At IsraTransfer, we promise friendly and efficient service from people who understand your language and culture.
Our professional staff will guide you through every aspect of your wire transfers and currency exchange – with a smile. So sit back and relax while we save you money.
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Get in touch
Rather speak on the phone?
Just let us know where
and when to call.
Our team of experts are here to help you feel confident about your next move.
Whether you want to transfer money, make a plan for a future currency exchange or just ask a question (we love questions), click below to schedule a call. Alternatively you can send us a WhatsApp Message.
Within Israel: 074-701-8887
or dial direct to Israel from abroad:
United States: 212-444-9054
United Kingdom: 020-8819-9839
Canada: 647-724-4152
Our team experts are here to help you feel confident about your next move.
Whether you want to transfer money, make a plan for a future currency exchange or just ask a question (we love questions), click below to schedule a call. Alternatively you can send us a WhatsApp Message or give us a call.
Get in touch
Rather speak on the phone?Just let us know where and when to call.
Our team experts are here to help you feel confident about your next move. Whether you want to transfer money, make a plan for a future currency exchange or just ask a question (we love questions), give us a call 24/7.
