Private Banks in Israel
Compare leading private banks and their services in Israel
Market Overview
Market Size
₪400 billion
Total private banking assets under management
Regulatory Body
ISA (Israel Securities Authority) & Bank of Israel
Primary financial regulator
Average Management Fee
0.7% - 1.8%
Typical fee range for wealth management
Private Banks in Israel
| Bank | Minimum Investment | Management Fee | Key Services | Heritage |
|---|
Requirements and Documentation
Minimum Investment
₪2,000,000
Typical minimum investment requirement
Required Documentation
- Israeli ID/Passport
- Proof of residence
- Source of wealth
Key Regulations
Banking Ordinance
Securities Law
Prohibition on Money Laundering Law
Frequently Asked Questions
What is the minimum investment for private banking in Israel?
Minimum investments for private banking in Israel typically start from ₪2,000,000, varying by bank and services required.
How are private banks regulated in Israel?
Private banks in Israel are regulated by ISA (Israel Securities Authority) & Bank of Israel under strict regulatory frameworks ensuring client protection and financial stability.
What are the typical management fees in Israel?
Management fees for private banking in Israel typically range from 0.7% - 1.8%, depending on the bank and portfolio size.
What services do private banks in Israel offer?
Private banks in Israel offer comprehensive wealth management services including investment advisory, estate planning, tax optimization, and family office services.
How do I open a private bank account in Israel?
Opening a private bank account in Israel requires meeting minimum investment thresholds, providing extensive documentation, and undergoing comprehensive due diligence processes.
What are the tax implications of private banking in Israel?
Private banking in Israel involves complex tax considerations including reporting requirements, tax optimization strategies, and compliance with international regulations like CRS and FATCA.
Ready to Find Your Perfect Private Bank in Israel?
Take our 2-minute quiz to get matched with private banks that meet your specific needs and investment requirements.
Trusted by 10,000+ high-net-worth individuals worldwide