Looking for the best digital banks in Israel? You’re not alone, and the options can get confusing fast. From app-first challengers to fully licensed digital banks, each platform promises low fees, smart features, and a smoother way to manage your money, but the differences matter more than they seem at first glance.
We’ve done the legwork for you. Below is a clear, side-by-side comparison of six of Israel’s top digital banks, including d AI-driven platforms like OneSafe, and mobile-first apps like Pepper, so you can quickly find the right fit without digging through fine print. If you’re also weighing international options, check out our guide to the best neobanks for global payments.
Overview of Digital Banking in Israel
Digital banking in Israel is rapidly growing, with high adoption rates among businesses and individuals. Key trends include enhanced security, user-friendly interfaces, and 24/7 accessibility. These advancements offer significant benefits, such as streamlined financial management, reduced operational costs, and improved customer experiences.
But which of these Israel digital banks is actually right for your situation? Here's the breakdown:
The top 6 banks in Israel
1. OneSafe — Best for Startups & Crypto-Fiat Businesses in Israel
OneSafe offers a comprehensive financial platform tailored for startups and businesses worldwide, including those in Israel. Their services encompass corporate cards, global payments, and multi-currency support, making it ideal for businesses with international operations. OneSafe's simple onboarding process and versatile payment options, such as ACH, wire transfers, and foreign exchange, streamline financial management.
OneSafe uniquely supports both fiat and crypto transactions, providing instant crypto to fiat conversions and vice versa. This feature is particularly beneficial for businesses involved in both traditional and Web3 financial ecosystems. With state-of-the-art security measures and a user-friendly interface, OneSafe ensures secure and efficient financial operations, saving time and costs for businesses.
Want a banking solution that gets it? Check us out here.
2. Pepper — Mobile-First Bank with Zero Traditional Fees
Pepper offers a comprehensive range of banking services accessible entirely through a mobile app. These services include account management, loans, credit cards, and savings, all designed to provide user control and transparency. With real-time updates and personalized widgets, Pepper helps users manage their finances effectively.
Pepper's key offerings include various loan options, credit card services, and the ability to open and manage savings accounts. The platform emphasizes a mobile-first approach, eliminating traditional banking fees and providing 24/7 customer support via chat, except on Saturdays and Saturday evenings.
3. Leumi Digital — for Established Bank Trust with Digital Convenience
Leumi Digital offers a suite of services designed to meet the needs of modern consumers. These services include online account management, digital payments, and personalized financial advice, all accessible through a user-friendly platform.
Leumi Digital also provides advanced security features to ensure safe transactions and data protection. With 24/7 customer support and seamless integration with other financial tools, Leumi Digital aims to enhance the overall banking experience for its users.
And it gets more interesting from here — the last three options are where the real differentiation shows up.
4. Discount Digital — Individuals and Businesses
Discount Digital offers a comprehensive suite of services tailored for both private individuals and businesses. Key offerings include account management, loans, mortgages, savings and investment products, and credit cards. The platform also provides advanced digital banking tools to facilitate seamless online banking experiences.
For businesses, Discount Digital delivers specialized services such as business account management, business loans, and digital banking solutions. High-net-worth individuals can benefit from wealth management, investment advisory, and other specialized banking services, ensuring a holistic approach to financial management.
5. Bank Hapoalim Digital — Full-Service Digital Banking with ESG Focus
Bank Hapoalim Digital offers a comprehensive suite of online banking services designed to meet the needs of modern consumers. Key offerings include seamless online account management, digital payments, and a variety of mobile applications such as the main Bank Hapoalim app, Capital Market app, Business app, and the "bit" app for payments.
In addition to its robust online banking features, Bank Hapoalim Digital emphasizes investor relations and ESG (Environmental, Social, and Governance) initiatives. The platform also provides specialized services for financial institutions, ensuring a holistic approach to digital banking.
6. First Digital Bank (ONE ZERO) — Commission-Free Trading + AI Tools
First Digital Bank, also known as ONE ZERO, offers a range of private banking services designed to cater to individual financial needs. Key offerings include no foreign exchange fees on card transactions, an advanced trading system with no custody fees or buy/sell commissions, and high-interest deposits. The bank also provides various subscription plans, each with different levels of service and fees, ensuring flexibility for its customers.
Additionally, First Digital Bank leverages AI tools for stock market trading and offers 24/7 customer support. The bank's services also encompass foreign currency transactions without fees and pension advisory services, making it a comprehensive solution for modern financial management. With a focus on personalized financial services, ONE ZERO aims to deliver high-quality banking experiences to a broad audience.
Frequently Asked Questions About Digital Banks in Israel
What is the best digital bank in Israel for individuals?
Pepper is widely considered the best digital bank in Israel for individuals, offering a fully mobile banking experience with no traditional fees, real-time account management, and 24/7 chat support. ONE ZERO (First Digital Bank) is a strong alternative for those who also want commission-free stock trading.
Are there digital banks in Israel that support crypto?
Yes. OneSafe supports both fiat and crypto transactions, including instant crypto-to-fiat conversions. It is designed for startups and businesses operating across traditional and Web3 financial ecosystems.
Can non-residents open a digital bank account in Israel?
Eligibility varies by bank. OneSafe accepts international businesses including those based in Israel. For personal accounts, most Israel digital banks require Israeli residency or a valid Israeli ID. Check directly with each institution for current requirements.
What makes Israel digital banks different from traditional banks?
Israel digital banks operate fully online or via mobile apps, typically offering lower fees, faster account setup, 24/7 access, and modern features like real-time notifications, digital payments, and in some cases AI-powered tools, without the overhead of physical branches.
Start banking smarter in Israel with OneSafe
If your business is still running international payments through a traditional bank, you're likely absorbing unnecessary FX fees and conversion delays every month.
OneSafe eliminates both — with instant crypto-to-fiat conversion, multi-currency accounts, and global payment rails built for startups operating across borders. ✓
Sign up for OneSafe and handle your first transfer free today
