Setting up recurring payments (hora'at keva)

A hora'at keva is a standing order. It is how Israelis automatically pay rent, insurance, gym memberships, and other regular bills. TWO MAIN KINDS • Standing order (hora'at keva): You tell your bank to send a fixed amount to a specific account on a set date each month. • Direct debit authorization (hiyuv): A company pulls money from your account. Utilities and phone companies often use this. HOW TO SET UP • Through the bank's app or website, find the standing-order section. • Enter the recipient's bank, branch, and account number, along with the amount and date. • Or, for direct debit, give the company your account details and sign the authorization form. TIPS • Landlords often ask for rent by standing order, bank transfer, Bit, or post-dated checks. • Make sure your account has enough funds a day or two before each payment. • Keep a list of your standing orders. Cancel them when you leave. WATCH OUT FOR Fees may apply per standing order or per transfer. Check your bank's fee schedule.