Payment accounts will launch after our PSP license is granted. They will serve foreign entities with Israeli activity and Israeli companies, with segregated funds, multi-currency receipts and payments, and FATCA and CRS classification and reporting handled per participant. A shared onboarding process will support access to additional services, with service-specific checks where needed.
This account is not available yet. It is being prepared for launch and will be offered once our PSP license is granted. Our designated accounts and trust services are available today.
Payment accounts will launch after our PSP license is granted. The planned onboarding process will collect company details, KYC documents and authorized signatories online. Our team will review compliance requirements and help arrange a local representative where required.
Digital onboarding: instructions, KYC and signatories online
Compliance review and AML screening completed in-house
Local-representative requirement handled with you, up front
Multi-currency operations
Multi-currency. One account, FX at the point of payment.
Corporate cash flow rarely stays in one currency. Hold and transact across currencies with transparent FX, all from one segregated account.
Multi-currency balances under one roof
Institutional FX rates at the point of conversion
International wire transfer capability built in
One account, every service
Access additional Psagot Equity services through a shared onboarding process, with any required service-specific checks.
From the moment you hold an account with us, every Psagot Equity service is open to you: Section 102 trusts and employee option plans, escrow, paying agent, post-deal and transaction accounts, and more. One onboarding, one platform, no handoffs.
Reusable KYC across all Psagot Equity services
PEaX: one operational view across services
FATCA and CRS classification and reporting handled per participant
How it works
From instruction to ongoing operations.
01
Submit an account application.
Company details, authorized signatories and intended use, all online. Foreign companies appoint a local representative at this stage; we walk you through it.
02
KYC and compliance.
Corporate documentation reviewed and AML screening run in-house, typically completed in days, often faster.
03
Account activated.
Your named corporate account goes live on PEaX, ready to receive funds.
04
Ongoing operations.
Send and receive, generate statements, access compliance reports, all through PEaX, with our team available when needed.
FAQ
Common questions
Direct answers on opening and running an Israeli payment account.
Can a foreign company open an Israeli payment account?
Yes — once payment accounts launch, this is exactly the client they are designed for: a foreign entity with Israeli presence or activity that the banking system keeps waiting. Onboarding runs digitally, a local representative is appointed where required, and FATCA and CRS classification and reporting are handled per participant.
How is this different from a bank account?
Payment accounts will be offered once our PSP license is granted. They will support corporate operations and transaction flows, with client funds segregated from the provider’s own assets. Additional Psagot Equity services will be available through a shared onboarding process, with any required service-specific checks.
Can I run payroll from this account?
Not at this time; salary payments are currently not supported on these accounts. If payroll is essential from day one, tell us and we will do our best to find ways to support your needs.
Is this a trust service?
No. Payment accounts will launch after our PSP license is granted. Psagot Equity will provide the account without being appointed as trustee. Our trust services are available separately.
Across the deal lifecycle
Once your account is open, the whole house is open
Asset Payment Account (coming soon)
Where the cash lives after the signature: deal adjustments, earn-outs and post-deal flows.
