{"id":480828,"date":"2026-06-07T13:43:09","date_gmt":"2026-06-07T13:43:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/480828\/"},"modified":"2026-06-07T13:43:09","modified_gmt":"2026-06-07T13:43:09","slug":"bank-hapoalim-caps-dollar-rate-for-israelis-summer-travel","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/480828\/","title":{"rendered":"Bank Hapoalim caps dollar rate for Israelis\u2019 summer travel"},"content":{"rendered":"<p class=\"article-paragraph-section article-body-paragraph\">Bank Hapoalim announced on Sunday that it would cap the US dollar exchange rate at NIS 2.89 for eligible Israeli cardholders during the summer travel season, offering registered customers protection from currency fluctuations on overseas and online purchases.<\/p>\n<p class=\"article-paragraph-section article-body-paragraph\">The program will begin on June 15 and run through August 31, the bank said. It will apply to international online purchases, overseas retail transactions, and foreign ATM withdrawals made with eligible Bank Hapoalim credit and debit cards.<\/p>\n<p>Customers must register in advance through the bank\u2019s <a href=\"https:\/\/www.bankhapoalim.co.il\/he\/foreign-currency\/freezing-the-dollar\" target=\"_blank\" rel=\"noopener nofollow\">online campaign portal<\/a>. The benefit is available to private individuals and non-corporate business clients who hold active bank-issued credit or debit cards, according to the bank.<\/p>\n<p class=\"article-paragraph-section article-body-paragraph\">Under the program, if the dollar rises above NIS 2.89, Bank Hapoalim said it would absorb the difference and reimburse the customer. If the dollar falls below that threshold, customers will automatically receive the lower market rate.<\/p>\n<p class=\"article-paragraph-section article-body-paragraph\">The cap will apply up to a cumulative monthly volume of $5,000 per customer, or a total of $15,000 throughout the campaign period, the bank said.<\/p>\n<p class=\"article-paragraph-section article-body-paragraph\">The financial adjustment will be processed automatically as cashback in Israeli shekels directly to the participating card. The bank said the reimbursement would appear on customers\u2019 October 2026 billing statements.<\/p>\n<p class=\"article-paragraph-section article-body-paragraph\">\u201cOur customers are planning their summer vacations abroad and deserve peace of mind without worrying about volatile foreign exchange markets,\u201d said Pazit Garfinkel, deputy CEO and head of Retail Banking at Bank Hapoalim.<\/p>\n<p class=\"article-paragraph-section article-body-paragraph\">\u201cThrough this proactive initiative, we are leveraging our institutional strength to shelter consumer purchasing power from sudden currency fluctuations,\u201d Garfinkel said. \u201cIf the dollar rises beyond NIS 2.89, the bank will absorb the excess cost and reimburse the customer. Should the dollar drop below this threshold, customers will automatically benefit from the lower market rate.\u201d<\/p>\n<p>The bank has also expanded relief and financial-benefit measures in recent years, including support for mortgage customers and other consumer banking programs. In January, Bank Hapoalim completed a <a href=\"https:\/\/www.jpost.com\/business-and-innovation\/article-882716\" target=\"_blank\" rel=\"noopener nofollow\">$2 billion overseas bond sale<\/a>, which it described as the largest such offering ever completed by an Israeli bank.<\/p>\n<p class=\"article-paragraph-section article-body-paragraph\">Participation in the summer dollar-cap campaign is subject to the bank\u2019s official terms and conditions and requires advance registration on a first-come, first-served basis, Bank Hapoalim said.<\/p>\n<p class=\"article-paragraph-section article-body-paragraph\">The bank noted that customers who fail to clear credit card balances or repay outstanding loan obligations may face late-payment interest and legal enforcement proceedings.<\/p>\n","protected":false},"excerpt":{"rendered":"Bank Hapoalim announced on Sunday that it would cap the US dollar exchange rate at NIS 2.89 for&hellip;\n","protected":false},"author":2,"featured_media":480829,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[112060,2288,42,43,40,38,41,39,2457],"class_list":["post-480828","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-bank-hapoalim","tag-dollar","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories","tag-trading"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/480828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=480828"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/480828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/480829"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=480828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=480828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=480828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}