Israel Discount Bank LTD. SWIFT/BIC code

SWIFT/BIC code of Israel Discount Bank LTD.

The short code IDBLILIT and the full code IDBLILITXXX identify the same bank: Israel Discount Bank LTD. in Tel-Aviv, Israel. A SWIFT code shows the banks handling a payment which institution is meant to get the money, a bit like a postal address for banks. You will need it mostly when dealing with transfers between countries and payments in foreign currencies.

We wrote this page to help people who sends money to an account at Israel Discount Bank LTD. without mistakes. Keep in mind that the SWIFT code just identifies the bank, not the account: the IBAN or account number takes care of that.

Changed bank details? Be careful

Fraudsters regularly use payment requests containing new bank details. The fact that IDBLILIT exists does not mean that a request mentioning it is genuine – fraudsters use real bank codes as well.

Always verify a change of bank details by phone, using a number you already had. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. When money was sent to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money are targeted too: one known trick is a buyer who pays too much followed by a request to send back the difference to another account. Do not act before the money has really arrived.

What to give a sender who pays you at Israel Discount Bank LTD.

If you expect a payment from another country, give the sender a complete set of details. Give them your name as the bank knows it, your account number or IBAN, the BIC IDBLILITXXX and your address, which some banks require.

Certain banks also ask for the bank’s address in Tel-Aviv; it does no harm to include it. Check every detail before you send them, because the sender’s bank usually copies them as is.

Expect that the incoming amount is smaller than what the sender paid. Charges on incoming payments differ from bank to bank; check the price list of Israel Discount Bank LTD.. On invoices, you can state who bears the costs.

When will the money arrive at Israel Discount Bank LTD.?

How quickly a payment arrives at Israel Discount Bank LTD. depends on a few things: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Bank holidays in either country can add extra days, since banks do not process on those days. Occasionally a bank wants to know what the payment is for, which can hold things up.

When a payment takes longer than expected, contact the sending bank for the status or the UETR so they can trace it along the chain. Specialist transfer services usually show tracking online so you can see how far the money has got.

The bank that sent the money can start an official trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. As a recipient, you can check your statements to see a slightly lower amount, since fees may have been deducted.

IDBLILIT or IDBLILITXXX – which one to use?

A SWIFT code is built from a few fixed parts: characters one to four identify the bank, the next two give the country and characters seven and eight mark the location. For Israel Discount Bank LTD., that core is IDBLILIT.

Many banks and apps work with either length. If yours asks for eleven characters, use IDBLILITXXX.

Type the code in one piece, in capitals and without separators, exactly as shown here. A single letter may route a payment to a different institution, so check it twice.

About this information

Our SWIFT/BIC directory is based on public sources. It is possible that information here is no longer current. Figures such as the number of codes come from our own dataset and are not confirmed by Israel Discount Bank LTD..

Before a payment that matters, always check the BIC with the recipient’s bank or with the recipient. GoldexPay is not affiliated with Israel Discount Bank LTD., we only compare transfer services. Should you notice something that is out of date, we welcome a message via the contact page.

Before you send: check the Israel Discount Bank LTD. code

Have the recipient send you their account details directly from their online banking. When the code you were given does not match IDBLILIT or IDBLILITXXX, stop and ask: check with the recipient or with Israel Discount Bank LTD. directly.

If the code is wrong, the payment may be delayed, be returned or end up costing more – sometimes after weeks of searching. A mistake in the IBAN or account number is more serious; check it just as carefully.

Many banking apps check the format of IBANs – that confirms the format, not the owner. If your bank offers it, a payee name check on the recipient adds an extra layer of safety. When you pay someone new, many people start with a small amount first and wait for confirmation.

Paying someone abroad from your Israel Discount Bank LTD. account

A bank transfer abroad costs rather more than the fee suggests. You pay the fee for the transfer itself, sometimes charges from correspondent banks in between and, above all, the exchange rate markup.

The markup on the rate tends to be the largest cost because it is hidden in the rate. An easy check: put the rate you get next to the mid-market rate and work out the difference on your amount.

Specialised transfer providers frequently offer a rate near the mid-market rate and lower fees. Before your next transfer, take a minute to compare the total cost on GoldexPay. Choosing a specialist does not require closing your account at Israel Discount Bank LTD.: you simply pay the service from your account.

Choosing between the 3 SWIFT codes of Israel Discount Bank LTD.

Israel Discount Bank LTD. has 3 different SWIFT/BIC codes across 3 cities. Only one is the head office code; the rest identify branches.

For most incoming transfers, the head office code IDBLILITXXX works fine. Just use a branch code when the account holder gives you that exact code.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Codes are sometimes changed or retired over time.