Bank Leumi le Israel B.m. SWIFT/BIC code

Bank Leumi le Israel B.m. SWIFT code: LUMIILIT

LUMIILIT and LUMIILITXXX are two ways of writing the same SWIFT/BIC code, and both point to Bank Leumi le Israel B.m. in Tel-Aviv. A SWIFT code shows the banks handling a payment exactly which bank should receive the money, much like a postcode for banks. You will need it mainly when dealing with payments that cross a border or a currency.

Further down you will find the practical side: receiving money at Bank Leumi le Israel B.m., paying someone in another country and how to verify a SWIFT code before you confirm a payment. Keep in mind that the BIC only identifies the bank, not the account: the IBAN or account number does that part.

Sending money abroad from Bank Leumi le Israel B.m.

An international bank payment costs rather more than the fee suggests. There is the fee for the transfer itself, sometimes charges from correspondent banks in between and, most importantly, the margin on the exchange rate if the currency changes.

The real cost is often in the rate, rather than in the fee: many banks convert using an exchange rate that includes a margin. Compare the rate you are offered against the mid-market rate; the gap is what conversion costs you.

Specialised transfer providers frequently use a rate near the mid-market rate and lower fees. GoldexPay compares these services side by side so you can see what actually arrives before you commit. You can always keep your account at Bank Leumi le Israel B.m., while a cheaper service handles the conversion.

How up to date is this code?

We gather bank codes using publicly available data and update our list from time to time. It is possible that a code here is out of date. Counts and locations are from our directory and may differ from what Bank Leumi le Israel B.m. publishes.

Use this page as a reference, rather than as the final word: the recipient’s bank details come first. GoldexPay is not affiliated with Bank Leumi le Israel B.m.; we are a comparison site for money transfers. Should you notice a mistake, we appreciate a short note via the contact page.

Bank Leumi le Israel B.m.: head office code versus branch codes

Bank Leumi le Israel B.m. uses 7 separate SWIFT/BIC codes. Only one is the head office code; the rest identify branches or departments.

If nobody asks you for a branch code, go with LUMIILITXXX or its short form LUMIILIT. A branch code only makes sense if the account holder explicitly mentions it.

Not sure which code applies? Ask the recipient. Branch codes are more prone to change than the head office code.

Protect yourself against fake payment requests

One of the most common tricks works like this: an email arrives with a request claiming that a contact has a new bank account and asking you to pay there from now on. The fact that LUMIILIT exists does not mean that the account is genuine.

Before paying, confirm a change of bank details by phone, using a number you already had. Urgency or secrecy tend to be warning signs; a genuine business can wait for you to check. Acted too fast? Call the bank you paid from straight away and ask them to start a recall.

Recipients are targeted too: one known trick is a buyer who pays too much followed by a request to refund the difference. Do not act before the money has really arrived – ask Bank Leumi le Israel B.m. if something looks wrong.

Before you send: check the Bank Leumi le Israel B.m. code

Ask the recipient to copy their bank details straight from their online banking. Check that code with LUMIILIT on this page.

With a wrong code, the transfer may be delayed, bounce back or cost extra, and tracing it can take weeks. Do not forget the account number: an error there is more difficult to undo than a wrong code.

An automatic check in your banking app only confirms that the IBAN is valid – not that it belongs to the person you mean to pay. Some banks now check the name with the account before you confirm; take any warning seriously. A small test payment can be worth it for large sums, even if it costs an extra fee.

8 or 11 characters: LUMIILIT versus LUMIILITXXX

The layout of a BIC never changes: a bank code of four letters, a two-letter country code and two for the location, plus an optional branch code. The result is LUMIILIT.

XXX at the end of LUMIILITXXX does not stand for a missing value or a mistake: it indicates the main office of Bank Leumi le Israel B.m.. Some banking apps ask for 11 characters, and then you can enter XXX after LUMIILIT.

Do not add spaces or dashes when you enter LUMIILIT; the code is always written in one block. Pasting the code is safer than typing it by hand.

Tracking a transfer to or from Bank Leumi le Israel B.m.

An international transfer usually 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 extra days, since banks do not process on those days. Compliance checks on larger or unusual payments may also cause some delay, even when all details are correct.

If the money seems late, contact the sending bank for the tracking status; with that reference banks can see where the payment is. Money transfer services usually show tracking online showing how far the money has got.

If a payment has not arrived within the expected time, the sender needs to start with their own bank, not the receiving bank. As a recipient, it helps to look at your account to see a partial amount.

Receiving money from abroad at Bank Leumi le Israel B.m.

Someone abroad who wants to pay you will ask for a few details about your account, and missing ones are a common cause of delays. Give them your name as the bank knows it, the IBAN or account number, SWIFT code LUMIILITXXX and your address, which some banks require.

Certain banks want the name and address of Bank Leumi le Israel B.m. in Tel-Aviv; it does no harm to include it. Check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

What lands in your account is often less than what was sent. Fees for incoming transfers vary from bank to bank. Make clear with the sender who covers the fees before the money is sent.