It’s Worth opening an Account at Bank Discount!

For more information on opening an account, please visit:

What you should know:

Waiver of credit card fees:

Offer for new account holders

Enjoy a ten-year value offer for new customers!

salary transfers starting at 7,000 NIS for individuals and 10,000 NIS for couples. Alternatively, you can qualify with an investment portfolio managed at the Bank with a minimum balance of 200,000 NIS.

Eligibility for ten-year benefits in Israeli currency, securities and foreign currency is available for private new customers, subject to regular monthly salary transfers starting at 15,000 NIS for individuals and 25,000 NIS for couples and/or with an investment portfolio managed at the Bank of 500,000 NIS or more.

If monthly salary transfers are discontinued or the investment portfolio falls below the required amount, you will lose the preferential terms. In such cases, you will be notified in advance by mail with a 21-day notice period. The benefits period is subject to the account terms and the customer's activity.

Waiver of credit card fees:

• This benefit is subject to monthly card use of 2,000 NIS or more.

• It does not apply to specific card types, such as Fly Card, Fly Card Premium, Extra Family, Extra Home cards, Visa Infinite card, and cards associated with the High Miles Club.

Current Account Benefits

• Enjoy a waiver of fees for transactions executed by a clerk and for direct channel transactions, including those executed via a staffed call center. This includes a waiver of the minimum fee for transactions executed by a clerk or through Direct Channel - the Bank’s online platform.

• For customers in the "INVEST" or portfolio management tracks, securities and foreign exchange fee rates will apply according to the relevant INVEST track or portfolio management terms, even if they are less favorable than the benefits outlined in this arrangement. Fees not included in the INVEST or portfolio management tracks will be charged according to the terms outlined in this arrangement. For further clarifications, please contact a banker at your branch.

• The classification of customers into segments or groups, as well as the terms and benefits outlined in this document, are according to the criteria and procedures determined by the Bank from time to time. The Bank maintain its discretion to modify these criteria and terms, in whole or in part, or cancel them, subject to providing notice as required by law.

• All terms and benefits set out in this document refer to the Bank’s applicable list of customer fees (rates for individuals / small businesses), which will prevail at the Bank from time to time.

• This offer is valid until June 30, 2025.

Choose Your Extra Benefit - You can select one product from the two options available:

1. Interest- and Linkage-Free Loan

• Customers who transfer a monthly salary* of 5,000 NIS and maintain a bank credit card* charge* of 1,000 NIS or more throughout the loan period are eligible for this loan.

• Loan amount: Up to 30,000 NIS depending on your account activity.

• Loan period: 2 to 36 months, based on your preference.

• Please note that failure to repay the loan or credit may result in arrears interest and enforcement proceedings (bailiff actions).

2. Unbeatable interest rate on your deposits

• For customers transferring a monthly salary* of 5,000 NIS and a bank credit card* charge* of 1,000 NIS or more throughout the deposit period.

• fixed annual interest of 5.5% for branch depositors (annual adjusted interest of 5.5%). Without linkage and possibility of exit

• Minimum deposit amount of 1,000 NIS, maximum deposit amount of 150,000 NIS.

• The above information is not a recommendation to invest in this product and is not in lieu of seeking personalized advice.

• If your current account is in overdraft, please contact your banker before making a deposit to inquire about interest rate differentials (the interest earned on the deposit compared to the interest charged on the overdraft balance in your account).

Joining Loan of up to NIS 60,000 at P-0.5% Interest

• The loan is available to customers transferring a monthly salary* of 5,000 NIS or more throughout the loan period.

• Loan amount: Up to 60,000 NIS, depending on your account activity.

• Loan period: 2 to 36 months, based on your preference.

• This is a non-CPI-linked loan with a variable interest rate of Prime -0.5% (adjusted annual interest rate of 5.64%). Prime interest is 6.00% as of December 22, 2024.

• Please note that failure to repay the loan or credit may result in arrears interest and enforcement proceedings (bailiff actions).

Cash bonus for opening an individual account via the app (age 19 and up)

• The offer is valid for new individual customers who open a new bank account through the Bank Discount app. An account opening bonus of up to NIS will be distributed as monthly cash bonuses of 80 NIS for each month that the following cumulative eligibility conditions are met in the account:
• Transfer of a minimum monthly salary* of 7,000 NIS to the account in the preceding month.
• A minimum monthly debit amount* in the preceding month of 1,000 NIS on bank credit cards issued by the Bank.

Cash Bonus for Opening a Joint Account at the Bank

• The offer is valid for individual new customers with two new IDs at the bank who open a joint account at one of Bank Discount branches.
• An account opening bonus of up to 1,200 NIS will be distributed as monthly cash bonuses of 120 NIS for each month that the following cumulative eligibility conditions are met in the account:
• Transfer of monthly salary* to the account in the preceding month of a minimum of 12,000 NIS.
• A minimum monthly debit amount* in the preceding month of 3,000 NIS on bank credit cards issued by the Bank.
• Please note that failure to repay the loan or credit may result in arrears interest and enforcement proceedings (bailiff actions).
• The foregoing does not constitute an offer and/or commitment to provide credit.
• Eligibility for loans/deposits must be realised within three months from the date of opening the account.
• Loans are valid for eligible private customers only, subject to the Bank's discretion and your account activity.
• The provision of credit, type of credit card, loans and collateral is at the Bank's discretion and dependent on account activity.
• The offer for loans or deposits is valid until June 30, 2025.
• *Bank credit card charge refers to the monthly charge for all bank credit cards linked to the account participating in the promotional offer.
• *Bank credit card is defined as a credit card issued by Bank Discount that is linked to the account participating in the promotional offer (an ATM debit card does not qualify as a credit card).
• *Salary refers to monthly income, consisting of a monthly salary and/or a National Insurance pension (excluding one-time allowances or benefits granted for a fixed period, such as unemployment benefits) and/or a Ministry of Defense allowance deposited in the customer's account through a central bank clearinghouse or in another manner approved in advance by the Bank.
• Eligibility for cash bonuses will be reviewed starting from the third month after opening the account. If the terms of eligibility have not been met in a given month, the customer will not qualify for the monthly cash bonus.
• The cash bonus is payable within 21 business days from the end of each month in which the terms of eligibility have been met as outlined above.
• Cash bonuses are limited to the first 1,000 new customers or until June 30, 2025, whichever comes first.
• The Bank may modify the terms of the promotional offer at any time, with 14-days’ prior notice.
• Subject to the details on the Bank's website.
• E&OE