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As part of the Bank of Israel’s efforts to advance innovation, efficiency, and digitization in the payments systems, digital deposits of post-dated checks and their presentation for payment at a future date will gradually become available in the coming weeks, and should become fully available during October. So far, only checks for immediate payment (current checks) were able to be deposited using cellular applications.
The service will be provided by most banks[1], and will enable the deposit of checks bearing crossed lines and the words “To the beneficiary only”. In the first stage, deposits will be allowed of checks up to NIS 100,000, and for a period of up to 13 months. The service will be continuous and fully available 24/7 without needing to physically go to bank branches, using the banks’ cellular applications. A picture of the check will be kept in the bank’s systems, and will be presented for payment on the indicated date automatically. It is important to note that, as opposed to depositing a check to be kept physically by the bank, checks in this service must be kept by the customer. The details on the magnetic strip of a check deposited via a cellular application, and the payment date, will be sent to the banks in order to prevent duplications. Depositing post-dated checks by cellular will help lower transaction costs for customers alongside operational efficiency, the main value of which is in creating savings and benefit for users of banking services.
Checking activity totaled about NIS 640 billion in 2025, about 5 percent of total activity using the main means of payment in the economy. In view of this activity volume, operational improvements focused on the handling of checks, particularly post-dated checks, is expected to create significant savings of time, costs, and resources for the public and for the banking system.
Ofer Golan, Head of the Bank of Israel’s Payment and Settlement System’s Department, said: “Checks remain a significant means of payment in the Israeli economy, totaling hundreds of millions of shekels per year. The new service combines a veteran payments infrastructure with advanced digital capabilities, enabling the deposit of post-dated checks as soon as they are received, without needing any further action at the time of redemption. This is a process that will contribute to streamlining and improving service to the public, and to increasing the efficiency of the payments system in Israel. Advancing this service was made possible thanks to the cooperation, professionalism, and investment by members of the Paper-Based Clearinghouse Committee, the Bank of Israel, and the banking system. The Bank of Israel will continued working to advance innovation and efficiency in the payment systems to benefit the public and the economy.”
Supervisor of Banks Daniel Hahiashvili said: “The Banking Supervision Department continues to encourage innovation in the banking system. Depositing post-dated checks in a simple way using the banking application provides a response to the needs of many customers, both households and small businesses, and improves service and convenience for them through another banking product. The Banking Supervision Department will continue advancing digital banking that is innovative and secure, even with regard to traditional banking products, in order to provide convenient, available, and advanced services while protecting banking system customers.”