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There was no rush of Israelis to bank branches to arrange their credit frameworks on the first business day after the new overdraft directive came into effect.
"There was vivid activity in our bank branches on Sunday but there was no hysteria," said a spokesperson at Bank Hapoalim Ltd. "Always at the beginning of the month we see more activity in our branches."
Bank Hapoalim Ltd., Israel's biggest lender, and Israel Discount Bank have arranged 24-hour hot lines to help concerned clients, while the Bank of Israel said it was setting up a "situation room" to monitor developments.
In addition, Israel Discount Bank said it was extending its daily operating times by two hours from Sunday to make it more convenient for customers to come into the bank's branches and arrange their credit lines.
"We don't see this day as much different from other days of the past few months marking the time of preparation to this day," Sarit Weiss, public relations manager of Israel Discount Bank told The Jerusalem Post. "In the initial period, we will do our best to accommodate the credit needs of our customers, in particular if they act responsibly and let us know of any unexpected expenses."
Similarly, no rush was experienced at Bank Leumi.
"We are expecting more customers in our branches from July 3 when the bank customers' credit card and mortgages payments will be deducted from their accounts," said Aviram Cohen, Leumi's spokesperson.
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