Bank notifications will remain paper for now: transition to digital distribution postponed

The Bank of Israel has postponed the transition to digital distribution of bank notifications. The deadline for submitting comments has been extended to November 30, and the new rules will not take effect until discussion in the Knesset Economic Committee. The automatic transition will not affect customers over 70 and those not using online banking.

The transition of bank customers from paper notifications to electronic ones is being postponed. The head of the Banking Supervision Department at the Bank of Israel, Daniel Hahiashvili, announced on Friday, November 13, that the deadline for public comments on the draft new digital distribution rules has been extended to November 30, 2026. The new rules will not take effect until further discussion in the Knesset Economic Committee. The statement was a response to an appeal by five coalition and opposition lawmakers who demanded a halt to the procedure. Hahiashvili explained that 92% of banking transactions are conducted remotely, so the supervisor is promoting digital distribution. The automatic transition will not affect customers over 70 and those who have not used online banking for a year. Lawmakers accused the Bank of Israel of trying to bypass the Knesset by publishing the document during a change of convocations. They warned of the risk of 'financial blindness' for the elderly, new immigrants, and low-digital communities. A final decision will be made after further discussion.