Montrose Change offers direct money transfers from Australia to Israel and from Israel to Australia.
The Israeli economy runs on New Israeli Shekels and American Dollars, so transferring money to Israel from Australia can sometimes involve two currency transactions and incur double fees. We understand that some Australian banks have even withdrawn the facility to send money to Israel.
A direct money transfer through Montrose Change saves you time and money, and guarantees to deposit your Israeli shekels into the destination bank account in Israel within 2 business days.
Contact us directly to find out how we can facilitate your money transfer to Israel. Sruli Benporath, formerly from Melbourne and Sydney, provides a personal service – contact him at email@example.com to arrange your transaction, or call our Australian phone number: 03-9013-6563
An Australian charity raising money for Israel found that their bank was charging the 3.8% plus a $24 transaction fee every time they transferred money to Israel. The receiving bank was charging an additional US$15, and then taking another commission on changing the US dollars to Israeli shekels. This meant that the charity was losing at least 5% of the value of every transfer to Israel and probably closer to 8%. They investigated Montrose Change’s rates and found that they could transfer money to Israel via the Montrose Australian bank account for just 1.84%, transferring Australian dollars to Israeli shekels without unnecessary US dollar exchange costs. This meant that over 98% of all the donations reached the Israeli charity for which the money was raised.
Dovid Freedman, a community fundraiser from Melbourne, says: “I would urge anyone sending money to Israel to use Montrose Change’s fast, easy and cost-effective facility. I have been looking for 10 years for a cheaper way to send money from Israel to Australia. It was always upsetting to me to think that the banks get such a large slice of the money that is intended for charity. I tried commercial money transfer services but they introduced complications that were not worth my time. I have checked out many alternatives, and Montrose is the best!”