Bank Leumi raises 14 services fees

Bank Leumi will raise 14 different banking services fees over the next few months, affecting both business and private customers.

By SHARON WROBEL
October 25, 2006 08:17
1 minute read.

Bank Leumi will raise 14 different banking services fees over the next few months, affecting both business and private customers. The country's second-largest bank called the move an adjustment given that some of the fees had not been raised in four years while others had not been changed over the past eight years. In particular, since the process of the implementation of the new directive on credit arrangements, which came into effect in July, the outgoing Supervisor of Banks Yoav Lehman, had cautioned the country's banks against increasing their fees. The banking fees raised by Bank Leumi include the quarterly service fees for management of securities traded on the Tel Aviv Stock Exchange, which will go up from 0.125 percent to 0.15%, while the minimum commission fee for buying and selling stocks will be NIS 27 instead of the previous NIS 25. For managing your business account, Bank Leumi will charge NIS 170 compared with the NIS 150 before. The fee for returning checks will be raised from NIS 45.20 to NIS 55, and the bank will introduce a new fee for depositing future-dated checks, charging NIS 12 compared with the NIS 10.3 fee for regular checks. Minimum annual hiring fees for safe deposit boxes will be raised by NIS 100 to NIS 850.


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