Israelis paid 8.5% more for banking services

The Banking Supervision Department published a report showing that the average annual household expenditure on banking services rose by 8.5% to NIS 1,024 in 2025. Banks' fee income surged by NIS 300 million to NIS 5.7 billion. 24% of accounts did not join a fee track and pay over NIS 10 per month.

The Banking Supervision Department at the Bank of Israel published a report on the prices of banking services in 2025, showing that the average annual household expenditure on banking services in Israel stood at NIS 1,024, an increase of 8.5% compared to NIS 942 in 2024. Banks' fee income reached NIS 5.7 billion, compared to NIS 5.4 billion in 2024 – an increase of NIS 300 million. The supervision attributes this to an increase in securities transactions and the end of discounts from the wartime framework. 24% of bank accounts did not join a fee track, even though it suited them, and pay over NIS 10 per month. The average monthly account management fee rose to NIS 11.7, and the cost of holding a debit card rose to NIS 19.9. The report presents steps to increase competition, including expanding the basic fee track from July 2027. The Competition Authority declared the five largest banks as a concentration group, holding about 98% of the market. Bank profits rose at an exceptional rate, and Supervisor Danny Hachiasvili attributed this to an increase in activity volume, but a 'Davar' investigation showed that the profit increase was more than double the increase in activity volume.

Israelis paid 8.5% more for banking services