bank fees

Bank of Israel Orders 50 Percent Cut in Bank Fees

By Tzvi Ben-Gedalyahu

The Bank of Israel ordered on Monday a 50 percent cut in fees Israel’s banks charge customers’ checking accounts. The banks make money, piles of it, by milking customers for two transactions for every check – one for the deposit and one for the transfer of funds. Bank of Israel Supervisor David Zaken ordered a […]