Discount Bank has announced a new plan: NIS 2,000 for credit for free

Discount Bank has announced a new plan, the main one being the cancellation of a future payment of the mandatory interest in the current account on a minus, overdraft, up to the amount of NIS 2,000 for credit holders.
The Bank also announced a reduction in interest rates on current account balances over NIS 2,000, for credit holders, a reduction of more than 50% in the quarterly credit allocation fee to NIS 10 and what the bank calls a "package of advanced tools that will help customers manage their finances wisely and reduce usage" In the overdraft. "
The move comes with an extensive Discount Bank campaign in the background, through model and TV star Rotem Sela, who conveyed messages such as: "If you are not satisfied, then why do you not move?". About four months ago, the reform for a rapid transition between banks was launched, which was supposed to encourage competition between entities that recorded huge profits in the past year.
Other banks offer similar benefits that Discount Bank offers regarding the credit line, but not the same. The International Bank, for example, offers benefits mainly to specific populations: discounted credit facilities at an interest rate of only Prime up to 1.5% plus for civil servants, high-tech, engineers, doctors, brothers and sisters, fellow colleagues and IDF soldiers and students.
The International Bank also offers that new customers who transfer salaries can benefit from a credit facility of NIS 10,000 with no interest at all in the first year as part of the benefit clubs. There will also be a full exemption from the credit allocation fee for soldiers, students, young people, fellow members and members of the High-Tech Club.
Yahav Bank offers a full exemption from credit allocation fees to private customers in addition to a full exemption from current fees - clerk and direct channel - and a loan for any purpose of up to NIS 120,000 with a spread of up to 15 years at prime plus 1% interest for NIS 5,000 payers.
Bank Leumi does not offer benefits in credit facilities, but noted that the direct channel fee is low in the banking system and that the digital bank Pepper from Beit Leumi offers a full exemption from current account fees.