# Business Payment Accounts in Israel | Psagot Equity

> Payment accounts will be available after our PSP license is granted, with multi-currency operations on PEaX.

Canonical: https://psagotequity.co.il/payment-account-israel

## An account built for cross-border business.

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.

[Talk to an expert](https://psagotequity.co.il/contact)

### What the account does.

#### Days, not months

The account banks stall on, opened in days.

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

### From instruction to ongoing operations.

#### 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.

#### KYC and compliance.

Corporate documentation reviewed and AML screening run in-house, typically completed in days, often faster.

#### Account activated.

Your named corporate account goes live on PEaX, ready to receive funds.

#### Ongoing operations.

Send and receive, generate statements, access compliance reports, all through PEaX, with our team available when needed.

### Common questions

Direct answers on opening and running an Israeli payment account.

[Talk to an expert](https://psagotequity.co.il/contact)

### Across the deal lifecycle

#### Asset Payment Account (coming soon)

Where the cash lives after the signature: deal adjustments, earn-outs and post-deal flows.

[See more — Asset Payment Account (coming soon)](https://psagotequity.co.il/asset-account)

#### M&A Paying Agent & Escrow

Independent paying agent and escrow, native to Israeli law.

[See more — M&A Paying Agent & Escrow](https://psagotequity.co.il/ma-paying-agent-israel)

#### 102 Trustee

Section 102 trustee services, run right from first grant to exit.

[See more — 102 Trustee](https://psagotequity.co.il/section-102-esop-trustee)

### Ready to open a corporate account? Talk to our team. We move at your business speed.

[Talk to an expert](https://psagotequity.co.il/contact)

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