Bank Hapoalim B.m. SWIFT/BIC code

Bank Hapoalim B.m. SWIFT code: POALILIT

Whether you are given POALILIT or POALILITXXX, you are looking at the identical identifier for Bank Hapoalim B.m. in Israel. Every bank on the SWIFT network uses BIC codes to direct payments between countries to the right institution. In daily life you mostly come across the code on invoices from abroad, in payment forms and in the bank details that Bank Hapoalim B.m. provides.

Further down you will find the practical side: money coming in from abroad, sending money abroad and how to verify the code before you hit send. A SWIFT code identifies an institution, not a specific account; the IBAN or account number does that.

What to give a sender who pays you at Bank Hapoalim B.m.

When you expect money from abroad, send the payer all details at once. Give them your name as the bank knows it, your account number or IBAN, the BIC POALILITXXX and your address.

Certain sending banks want the bank’s address; it does no harm to include it. Double-check the details before you send them.

Money from abroad does not always land in full. Fees for incoming transfers differ per bank – the price list of Bank Hapoalim B.m. tells you what applies. Agree with the sender who pays which costs before the money is sent.

When will the money arrive at Bank Hapoalim B.m.?

An international transfer typically needs one to a few business days, depending on the currency, the route and the banks involved. Bank holidays in the sending or receiving country add a day or more. Compliance checks on larger or unusual payments can also cause some delay, regardless of the details.

When a payment takes longer than expected, ask your bank about the tracking status and the transaction reference; with that reference banks can see where the payment is. Keep your transfer receipt; it contains the details a bank needs to start a trace.

If the money does not arrive after a few business days, the sender needs to contact the bank that sent it. On the receiving end, you can look at your statements for a partial amount, since fees may have been deducted.

Why Bank Hapoalim B.m. has an 8- and an 11-character code

A SWIFT code is built from a few fixed parts: the first four letters stand for the bank, characters five and six give the country and characters seven and eight mark the location. The result is POALILIT for Bank Hapoalim B.m..

XXX at the end of POALILITXXX does not stand for a missing value or a mistake: it stands for the head office of Bank Hapoalim B.m.. Some banking apps insist on 11 characters, in which case you simply add XXX behind POALILIT.

Do not add spaces or dashes when you type POALILIT; the code is always written in one block. Pasting the code is safer than typing it by hand, because one wrong letter changes the bank.

Bank Hapoalim B.m.: head office code versus branch codes

Our directory lists 10 SWIFT/BIC codes for Bank Hapoalim B.m., spread over 1 cities. Besides the head office code POALILITXXX, you will find codes for regional offices and specialised units.

Usually you do not need to look up a branch: transfers addressed to POALILITXXX are routed within Bank Hapoalim B.m. without problems. A branch code only makes sense if the recipient’s bank specifically asks for it, which is more common for corporate accounts and trade services.

Not sure which code applies? Check with the recipient or the bank itself. Branch codes are more prone to change than the head office code.

What a transfer from Bank Hapoalim B.m. abroad really costs

A bank transfer abroad costs more than the listed fee. There is the transfer fee, possibly fees charged by intermediary banks in between and, most importantly, the margin on the exchange rate when the money is converted.

The real cost is often in the rate, rather than in the fee: the bank converts at a rate that includes a margin. An easy check: set the rate you get against the mid-market rate for the same moment and work out the difference on your amount.

For a lot of currency pairs, a specialist provider turns out to be less expensive than a traditional bank transfer – mostly thanks to the rate. GoldexPay compares these services next to each other so you can see what actually arrives for the same amount sent. Choosing a specialist does not mean leaving Bank Hapoalim B.m.: you simply pay the service from your account.

How to check POALILIT before you pay

The safest source for a SWIFT code is the bank details provided by the recipient. Check it against POALILIT on this page and ask if anything does not match.

An incorrect BIC can cause delays, a returned payment or extra fees for investigation. Do not forget the account number: a mistake there is more difficult to undo than a wrong code.

An automatic check in your banking app merely tells you that the code is valid – not that it belongs to the person you mean to pay. More and more banks check the name against the account. When you pay someone new, some people send a small test amount before sending the rest.

Changed bank details? Be careful

One of the most common tricks works like this: an email arrives with a request saying that a contact has new bank details and asking you to pay there from now on. That POALILIT is a real code is no guarantee that the account is legitimate – fraudsters use real bank codes as well.

Verify new bank details through a separate channel like a call to a number from an earlier contract. Watch out for urgent requests, odd spelling or an email address that differs by one letter. Already paid? Call your bank straight away and ask them to start a recall and report the fraud.

Recipients can be targeted as well: a classic trick is a buyer who pays too much followed by a request to send back the difference abroad. Do not act before the money is actually in your account and check with Bank Hapoalim B.m. if anything seems off.

A note on our data

We collect bank codes from public sources and update our list from time to time. It is possible that information on this page is no longer current, for example after a merger. The figures on this page reflect our own data, not official figures from Bank Hapoalim B.m..

See our directory on this page as a handy check and rely on the recipient or Bank Hapoalim B.m. for the final confirmation. GoldexPay is not affiliated with Bank Hapoalim B.m.. Found an error? Tell us through the contact page so we can correct it.