Opening an Israeli bank account

Opening an account is possible for most students, but it takes some patience and the right paperwork. STEP BY STEP • Choose a bank. Leumi, Hapoalim, Discount, Mizrahi-Tefahot, and FIBI are the big ones. Ask your school, roommates, or older students which branch has been easiest for foreigners. • Book an appointment if the branch requires one. • Bring your passport, visa, a lease or letter showing your address, your school letter, and your US SSN. US citizens must sign a W-9. • Ask for the account to be set up with online banking, a mobile app, and a debit card. TIPS • Be polite and prepared. Branch staff have discretion, and a clear explanation of who you are and how long you are staying helps a lot. • If you are turned down, try another branch. Policies really do differ. • Ask for the fee schedule in writing. WATCH OUT FOR • Some branches only give accounts to people with a certain visa length. Ask upfront how long your visa must be valid. • Starter accounts can take a week or two to activate fully. Do not move all your money before it works.