Your business earns in dollars. Or euros. Or pounds.
Your suppliers want shekels. Your contractors want shekels. Your rent, your tax bills, your operating costs. Every obligation your business carries inside Israel runs in shekels.
Every time you convert, your bank is in the middle. It sets the rate. It does not explain the spread. And the difference between what you receive and what the live market actually shows is quietly costing your business more than you know.
This is not a niche problem. It affects any Israeli SMB that earns in foreign currency and pays costs locally: importers, distributors, agencies, professional services firms, consultancies, and businesses with foreign clients or overseas suppliers. If your revenue arrives in one currency and your operations run in another, the rate your bank offers matters more than most business owners realize.
The Short Answer
Israeli businesses that convert foreign currency to shekels through their bank pay up to 4,000 NIS more per $100,000 than at live market rates. Adesco delivers same-day shekel payouts at transparent, market-based rates with zero hidden fees. Licensed by the Israel Capital Market, Insurance, and Savings Authority (License #57103). Minimum transfer: $10,000 USD or equivalent.
How Much Is Your Bank's FX Spread Actually Costing Your Business?
Most finance managers know their bank charges something on currency conversion. The number that surprises them is how much.
Your bank charges a fee for receiving foreign currency, plus another fee for converting it, and then applies a spread above the live market rate every time it converts your foreign currency to shekels. On a $100,000 conversion, those fees and that spread can cost your company up to 4,000 NIS more than converting at the market rate.
Here is the thing: that spread is not disclosed upfront. You see the rate your bank offers. You do not see what the live interbank rate was at that moment. The difference between the two is what your bank keeps, every time, on every transfer.
Adesco publishes its spread before you convert. What you see is what you get. No receiving fees. No conversion fees. No surprises.
Not sure what your bank is charging? Our FX cost calculator shows the gap between your bank's rate and the live market rate on a typical transfer.
What Does Same-Day Shekel Delivery Actually Mean for Your Business?
A supplier invoice due on the 15th. A contractor who expects payment on Friday. Rent on the 1st. A tax obligation with a hard deadline.
For any Israeli business converting foreign currency to pay local costs, the bank's 3 to 7 business day window is not just inconvenient. It is a planning constraint you build your entire cash management around. You wire earlier than you need to. You hold more NIS than you should. You manage around the bank's schedule instead of your own.
With Adesco, once your funds arrive, your currency conversion and shekel payout to your Israeli business account happen the same day. You convert when you need the shekels, not a week before.
That applies to every type of shekel payment: supplier invoices, contractor fees, payroll, rent, utilities, and tax payments. All of it, same day.
Is a Licensed Currency Service Safe for Israeli Business Transfers?
This is the right question. And here is the direct answer.
Adesco is licensed by the Israel Capital Market, Insurance, and Savings Authority (License #57103). AML (Anti-Money Laundering) and KYC (Know Your Customer) compliance means every Adesco client is verified and every transaction is reported to Israeli regulators. Client funds are held in segregated trust accounts at major Israeli banks. They are never lent, never invested, and never used for Adesco's own operations.
Every transaction is executed per explicit client instruction only. No speculation. No credit risk. No market exposure.
For a CFO or finance manager looking for proof before trusting a new provider with a payroll wire, that proof is in the license and the fund structure. Our security page explains how Adesco protects client funds and its licensing and regulatory history since 2013.
Which Currencies Does Adesco Support for Israeli Business Transfers?
Adesco converts USD, GBP, EUR, CHF, CAD, AUD, and other major currencies to shekels. We also convert shekels back into foreign currencies. The minimum transfer amount is $10,000 USD or equivalent.
For businesses billing clients in the US, the conversion is typically USD to NIS. For businesses with European clients or UK-based operations, EUR and GBP are equally supported. If your revenue arrives in more than one currency, Adesco handles each conversion separately at the same transparent rate structure.
Which Israeli Businesses Actually Use Adesco?
Any business that earns in foreign currency and pays costs in shekels.
In practice, that includes importers and distributors paying overseas suppliers, professional services firms billing international clients while operating locally, agencies and consultancies with retainers arriving in foreign currency, Israeli subsidiaries receiving budget from a parent company abroad, and businesses with overseas investors managing capital that arrives in USD or EUR.
What they have in common: they convert repeatedly, often at whatever rate the bank offers on the day they happen to wire, without a benchmark. The cumulative cost of those unexamined exchanges adds up across a year.
How It Works: Three Steps
- Submit your transfer request online.
- Convert at live market rates, with the spread published before you confirm.
- Shekels arrive same-day to your Israeli business account.
One account. One advisor who knows your file, not a call center.
One Israeli business was losing 10% of every dollar processed through their previous payment provider. They switched to Adesco, and the problem went away in one conversation. Read how Wadi Digital eliminated that cost drag entirely.
What SMB Clients Say About Adesco
"Dealing with Adesco is a comfort. The ease of our transactions is a joy compared to bank transfers."
- Small Business Owner
"Adesco is an amazing currency service. I have used many currency traders over the years given my work in Israel and overseas, and Adesco truly stands out. They are ridiculously fast, extremely fair, offer great exchange rates in real time, and maintain an incredible service team that is prompt and courteous. I highly recommend them without any hesitation."
- Leonard H., Frequent Trader
The Real Cost of Staying With Your Bank
Every month you convert through your bank is a month you paid a spread you did not have to.
The alternative is not complicated. It does not require changing your bank account. It does not require a new banking relationship. It requires one conversation and a first transfer that will speak for itself.
The math makes the decision for most businesses. See what transparent conversion looks like for your company: start a transfer request, message us on WhatsApp, or learn more about Adesco for Israeli businesses.