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Report: Cash has been reduced, credit cards have increased | Israel today

2020-01-13T22:44:26.728Z


economy


In the first half of 2019, the account management trend continued, dropping by no less than 38% in recent years • Bank Yahav's direct channel is the cheapest - with an average of NIS 1.2 per action, the most expensive union bank

Israeli citizens pay less commissions at the expense of the fetus, but pay relatively, relatively, for the credit cards they hold. This is reflected in the biannual report on the management fees for current accounts and credit cards submitted by the Supervisor of Banks, Hedva Bar, to the Knesset Economic Committee, even though it has not been functioning since the last Knesset dissolved.

The report, which relates to the second half of 2018, and the first half of 2019, shows that Massad is the most expensive bank at a price charged by a clerk - NIS 7.5; Bank Yahav is the cheapest for this type of operation - NIS 4. Of the largest banks, Mizrahi And the workers are expensive - NIS 6.8 for action and NIS 6.5 for action in the east, while the cheapest is national - NIS 5.5. Operation cost by a clerk in other banks - cheaper for cheaper: Mercantile Discount 6.4 NIS, International 6.3 NIS, Discount 5.9 NIS and 5.9 NIS.

On the direct channel, the most expensive operation was recorded at Union Bank - NIS 2.9; Following is a bank of NIS 2.5 NIS and Mercantile Discount - NIS 2. After that, Discount Bank was rated with a NIS 1.85 direct channel operating cost, Mizrahi-Tefahot Bank - NIS 1.76 and National - NIS 1.65. Bank Yahav is the cheapest to operate on the direct channel - NIS 1.2 per operation.

The average ticket fee for local, international and gold tickets totaled NIS 6.4 per ticket, for one month. The average monthly cost of card fees per account is NIS 10.4. Since 2011, the total cost of running a current account and credit card has dropped from NIS 32.4 per month to NIS 26.4. The total cost of running a recurring account decreased from NIS 20.4 a month to NIS 12.6.
However, credit card management costs increased from NIS 12 per month to NIS 14.3 during the same period. The number of credit cards per passing account rose to an average of 1.63 cards, compared to an average of 1.13 cards per account in 2011.

In the first half of 2019, the downward trend in account management continues. This cost has decreased over the past 8.5 years by a cumulative rate of 38%. The services included in this cost are: basic banking operations such as deposit and cash withdrawals and bank transfers - performed by a clerk or direct channel; Check operations; Direct debit authorization; Direct Debit; Producing standard reports and receiving communication information (telephone, cellular, e-mail).

Source: israelhayom

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