Bank of Israel approves deposit of a single check through the bank's mobile app to NIS 50,000

In order to help the public carry out banking remotely these days, the Bank of Israel decided to increase the deposit amount of a single check through the bank's mobile app to NIS 50,000 immediately.
The Corona crisis in Israel and the world, and the government's steps, have implications for the ability of many households and businesses to reach the bank's branches to deposit checks.
In 2017, the Bank of Israel, together with the banking system, promoted the check in the check clearing, which allows the deposit of checks through cellular photo chess. This option has been available to customers for about three years and has been limited to NIS 20,000 per Chic.
As of 2019, approximately 3.8 million checks were physically deposited in the banks' branches, the amount of which ranged from NIS 20 to NIS 50, which would enable the digital deposit of these checks.
The current action is made possible in light of the implementation of the Electronic Clearing Law, a law that enables the provision of cheaper, innovative, convenient and faster banking services for the customer public.
Governor of the Bank of Israel Amir Yaron, "Payment systems in Israel operate safely and steadily and provide the full range of services. .
In the months before the crisis, the Bank of Israel took steps to promote the infrastructure for remote and non-contact payments. These steps will continue and they help make payments easily and securely these days. "