Israel Currency

Travelling to or living in Israel? Managing your money shouldn’t be stressful. With TransferGo, you can send, spend, and exchange money affordably — so more of your money goes where it matters.

Use the TransferGo card in Israel

The TransferGo card helps you spend smarter in Israel. Pay in local shops, withdraw cash from ATMs, and enjoy contactless or virtual payments — all while avoiding hidden bank fees and poor exchange rates. Everything is managed from the app, so you’re always in control of your money.

What is the currency in Israel?

The official currency of Israel is the Israeli new shekel

The new shekel replaced the old Israeli shekel in 1985 after hyperinflation. It is issued by the Bank of Israel and subdivided into 100 agorot.

ILS, ₪

Banknotes

₪20

₪50

₪100

₪200

Coins

10

50 agorot

₪1

₪2

₪5

₪10

How to spend money in Israel

Cards are widely accepted in cities like Tel Aviv, Jerusalem, and Haifa. Cash is still useful in smaller towns, local markets, and for public transport. Mobile payments are gaining traction. ATMs are readily available in urban centres.

  • Tip: Always pay in the local currency to get the best exchange rate and avoid extra conversion charges.

Tips for exchanging money in Israel

Exchange at banks or authorised bureaux for fair rates.

Avoid airport kiosks and informal exchangers.

Always pay in shekels for best value.

Keep small notes for taxis, markets, and street food.

Choose smart tools like TransferGo to send and exchange money at transparent rates with no surprises.

Trusted by millions worldwide

For over a decade, TransferGo has made financial services faster, simpler, more affordable—and more accessible to those who need them most.

“Really good service!”

“TransferGo contacted me directly when there was a problem, and they solved it quickly. I made an international transfer in just a couple of hours.”

“Great company and competitive rates”

“Transfers are fast and there are no charges. Most transfers are free! I will be recommending the platform to all Nigerians.”

“Very good service”

“I sent money to my other bank account and received it in seconds. I’ve recommended it to all my friends. Good job!”

Frequently asked questions

What is the official currency used in Israel?

Israeli new shekel (ILS).

What is the official currency used in Israel?

Symbol: ₪ | Code: ILS

Can I use my home currency in Israel?

Not widely; payments are usually in ILS.

How can I use the TransferGo card in Israel?

Just activate it in the app and start spending — online, in stores, or at ATMs.

Is it better to use cash or card when spending in Israel?

Cards are common in cities; cash is handy in smaller towns and markets.

Are credit or debit cards widely accepted in Israel?

Yes, in urban areas and larger businesses.

Are there ATMs available in Israel, and are there withdrawal limits?

Yes, mostly in cities; limits vary by bank.

Can I use a TransferGo card in Israel?

Yes! You can use your TransferGo card for spending, withdrawing, or managing your money— with fair rates and no hidden fees.