Home › Forums › Decaffeinated Coffee › Kollel Couple Moving to Israel. What BANK to use? › Reply To: Kollel Couple Moving to Israel. What BANK to use?
November 1, 2023 9:55 pm at 9:55 pm
#2236603
BaltimoreMaven
Participant
The key is to have a US credit card that gives good rewards and has no international fees, along with am Israeli bank that is easy to work with (not easy to find, and its a lot of paperwork. I’ve heard mercantile is good. Israeli banks are notorious for poor customer service, help lines only in Hebrew with long wait times and crazy fees. That’s why so many people like to use cash, but they are making that illegal top now. Don’t forget to file an annual IRS disclosure form if any israel accounts have over $10k because there are substantial penalties.foreign bank and financial accounts (FBAR)