What types of beneficiaries can I transfer ILS to?
You can send ILS payments to individual and business accounts in Israel.
Payment Types
ILS transfers are sent via local transfer.
Name Checks
Name verification is required for ILS transfers.
Is there a limit on the amount I can send?
Transfer Limit: ILS 853,000 per transfer
How long does it take for the funds to reach the beneficiary?
Cut-off Times: 06:50 PM SGT (Singapore Time)
Delivery Estimate: Typically up to 1 business day after currency conversion is completed
Notes:
Currency conversion can take up to 2 business days from the time your transfer is approved.
No payouts are processed during weekends or Israel public holidays.
Transfers submitted after the cut-off times will be processed at the next available window.
What will the sender's name be reflected as?
Your business name will be displayed as the sender on the recipient's bank statement.
What information should I include when sending ILS transfers?
Recipient and Transfer Details:
When initiating the transfer in the Aspire app, Admin and Finance Users will be asked to provide:
IBAN structure: ILkkBBBNNNCCCCCCCCCCCCC
IL – Country code
kk – Check digits
BBB – Bank identification
NNN – Branch identification
CCCCCCCCCCCCC – Account number (13 digits, padded with zeros)
Full beneficiary name
Beneficiary address including street, city, country, and postcode
All details must be entered in the Latin alphabet only
Reference (forwarded once to the beneficiary)
Email field becomes mandatory if a reference is provided
Maximum 50 characters, Latin alphabet only
Traces and Recalls
Trace and recall requests are not supported for ILS transfers. Please verify all recipient details carefully before submitting your transfer.
Bounceback
If your transfer is rejected by the recipient's bank, the funds will be returned to your Aspire account. The timeline varies depending on the recipient's bank processing time.
Questions? Chat with us by clicking on the messenger icon at the bottom right of the screen once you are logged in.