Mizrahi Tefahot Bank LTD. SWIFT/BIC code

MIZBILIT – the SWIFT/BIC code of Mizrahi Tefahot Bank LTD.

The short code MIZBILIT and the full code MIZBILITXXX refer to one and the same institution: Mizrahi Tefahot Bank LTD., with its head office in Tel-Aviv. Banks worldwide use these codes to route payments between countries to the right institution. In practice you mostly come across the code on invoices from abroad, in your banking app and in the bank details that Mizrahi Tefahot Bank LTD. provides.

Further down you will find the practical questions: money coming in from abroad, paying someone in another country and how to verify the code before you confirm a payment. Keep in mind that the BIC only identifies the bank, not the account: the account number or IBAN does that part.

What the XXX in MIZBILITXXX means

The structure of every SWIFT code is always the same: four characters for the institution, a two-letter country code and two for the location, plus an optional branch code. In this case, that core is MIZBILIT.

Most banks and apps work with both lengths. If a form asks for eleven characters, use MIZBILITXXX.

Leave out spaces when you enter MIZBILIT. Watch for O versus 0 or I versus 1; they are easy to mix up.

Sending money abroad from Mizrahi Tefahot Bank LTD.

If you send money abroad via Mizrahi Tefahot Bank LTD., the visible fee is rarely all of the cost. You pay the transfer fee, sometimes charges from correspondent banks along the way and, most importantly, the margin on the exchange rate if the currency changes.

The markup on the rate tends to be the largest cost, and it is easy to miss. An easy check: put the bank’s rate next to the mid-market rate for the same moment and look at the difference.

Specialised transfer providers often offer rates closer to the mid-market rate. GoldexPay compares these services side by side, showing the amount the recipient gets. You can always use your account at Mizrahi Tefahot Bank LTD. as the source of the money; only the conversion and sending happen elsewhere.

Getting paid from abroad into a Mizrahi Tefahot Bank LTD. account

If you expect money from abroad, send the payer everything they need in one go. That means: your full name as registered with Mizrahi Tefahot Bank LTD., your account number or IBAN, the BIC MIZBILITXXX and usually your address.

Their bank might request the address of your bank. Check every detail before you send them.

Money from abroad does not always land for the full amount. Charges on incoming payments vary from bank to bank; check the price list of Mizrahi Tefahot Bank LTD.. Make clear with the sender who covers the fees before the money is sent.

How long does an international transfer to Mizrahi Tefahot Bank LTD. take?

There is no fixed answer for international payments: many land the same day or the next. Weekends and public holidays in the sending or receiving country add a day or more to the journey. Occasionally a bank asks about the purpose of a payment before releasing it.

A growing number of banks are connected to SWIFT gpi. Every gpi transfer carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Save your transfer receipt until the recipient confirms – you will need it for any trace request.

A missing payment has to be traced by the sending bank. As a recipient, you can look at your account to see a partial amount.

Which of the 6 codes of Mizrahi Tefahot Bank LTD. do you need?

Having 6 codes in 6 locations, Mizrahi Tefahot Bank LTD. is one of the banks that register separate codes for parts of the organisation and departments. The head office code remains MIZBILITXXX.

For the vast majority of payments to a private or business account, the head office code MIZBILITXXX is what you need. A branch code only makes sense when the account holder explicitly mentions it.

When in doubt, check with the recipient which code their bank gave them. Branch codes are more prone to be retired than MIZBILITXXX when a bank merges or closes offices.

Is MIZBILIT still correct? How to check

Have the recipient send you the account details straight from a recent statement. Check it with MIZBILIT here and ask if anything does not match.

A wrong SWIFT code may lead to delays, a returned payment or extra fees for investigation. Remember the account number: a mistake there can be harder to correct than a wrong code.

A format check by your bank merely tells you that the IBAN exists, not that it is the right account. More and more banks compare the payee name against the account before you confirm – do not ignore a mismatch warning. Sending a small amount first is worth it for a large first payment despite the extra fee.

Changed bank details? Be careful

A common scam works like this: an email arrives with a request saying that a supplier has a new bank account. That MIZBILIT is a real code does not mean that the account is legitimate; criminals use the codes of real banks too.

Before paying, verify changed bank details through a phone call. Pressure and secrecy are red flags. If a payment has already gone to the wrong account, call your bank right away – speed improves the chance of getting it back.

People receiving money can be targeted as well: one known trick is an overpayment and then sends a request to send back the difference. A payment confirmation from the sender proves nothing – check your own account.

How up to date is this code?

The codes on this page come from publicly available data that we update regularly. It can happen that a code on this page is no longer current. The number of codes on this page reflect what is in our directory, not official figures from Mizrahi Tefahot Bank LTD..

Before a payment of any size, check the code with Mizrahi Tefahot Bank LTD. or the recipient. GoldexPay has no connection to Mizrahi Tefahot Bank LTD., we only compare transfer services. Spotted outdated information? Tell us via our contact form so we can correct it.