While some businesses may accept dollars or euros, most business establishments in Israel accept only New Israeli Shekels. Currency exchange points are available in Netanya and usually offer a better rate than banks.
The easiest way to obtain cash while in Israel is to use your bank/ATM card from your bank in your home country. Be sure to check with your bank ahead of time to find out if your card can be used internationally and if any extra fees apply. Also, if your card requires a password, be sure to bring it with you. There is an ATM machine on campus that accepts international cards. It is located outside of the cafeteria at Herschtritt Hall.
You are encouraged to notify your bank ahead of time of the dates you will be abroad and where you will be traveling. This will prevent them from freezing your bank card due to what they may consider suspicious activity if they don’t know you’re abroad.
Visa and MasterCard are widely accepted in Israel, and many places will also accept Diner’s Club and American Express. Credit cards can be used for purchases in stores, restaurants, movies, and for various services. In addition, your credit card can often provide you with a cash advance.
You are encouraged to notify your credit card company ahead of time of the dates you will be abroad and where you will be traveling. This will prevent them from freezing your credit card due to what they may consider suspicious activity if they don’t know you’re abroad.
Opening an Israeli Bank Account
We do not recommend that students open a bank account in Israel. Israeli banks charge many fees, and it is more cost effective to use your home bank’s ATM card to withdraw cash from an Israeli bank.