Shovar due today? Adesco processes Israel property payments the same day.
Adesco converts your foreign currency to NIS and sends the funds via Zahav — the Bank of Israel's real-time gross settlement system — on the same business day that you send your instruction. Zahav settles transfers between Israeli banks individually and immediately, with no batch processing or end-of-day queue.
This matters for property buyers because Israeli closing deadlines are firm. A Shovar payment that arrives a day late can trigger penalty fees or, in extreme cases, give the developer grounds to cancel. With Adesco, when your instruction is in before midday Israel time, your payment arrives the same day — and you have written confirmation before the end of the Israeli business day.
How it happens
From instruction to cleared funds — the same day
You send your payment instruction to Adesco
Upload the Shovar or provide payment details. Your advisor confirms the Madad-adjusted amount and the current exchange rate.
Rate confirmed in writing
Adesco sends you the exact NIS amount and the exchange rate. Nothing executes until you approve.
You approve — funds start moving
Adesco converts your foreign currency to NIS at the confirmed rate and initiates the Zahav transfer.
Zahav settles at the Israeli receiving bank
The Israeli receiving bank — your lawyer's trust account, developer voucher account, or tax authority — confirms receipt the same day.
Written confirmation to you and your lawyer
Adesco sends payment confirmation. For Shovar payments, your lawyer receives a stamped paid Shovar.
Step by step
How Adesco processes your same-day payment
Send your payment instruction to Adesco
Upload the Shovar document or provide the payment details — account number, amount, and due date. Your advisor confirms the Madad-adjusted amount if applicable.
We confirm the rate and amount in writing
Adesco sends you the exact NIS amount and the exchange rate before anything executes. You approve in writing. No hidden steps.
Adesco converts and initiates via Zahav
Your foreign currency is converted to NIS at the confirmed rate. The Zahav transfer is initiated to the Israeli receiving account the same day.
Funds settle at the Israeli receiving bank
Zahav settles individually and immediately — there is no batch queue. The receiving bank confirms funds the same day your instruction was sent.
Confirmation sent to you and your lawyer
Adesco sends written payment confirmation. For Shovarim, your lawyer receives a stamped paid Shovar on the same day.
What qualifies
Payment types Adesco processes same-day
Any payment that goes via Zahav within the Israeli banking system is eligible for same-day processing when instructions reach Adesco before midday Israel time (GMT+3) on a business day.
Shovar milestone payments
Developer voucher accounts via Zahav
Lawyer trust account transfers
Pre-closing funds held in trust
Mas Rechisha (purchase tax)
Israel Tax Authority payments
Direct developer payments
Construction stage completions
Contractor and professional fees
Renovation, legal, and agent payments
Israeli bank holidays
Zahav does not operate on Israeli public holidays (Rosh Hashanah, Yom Kippur, Sukkot, Passover, Shavuot, and Independence Day). If your Shovar deadline falls on or just after a holiday, contact your Adesco advisor early so we can schedule the payment before the holiday begins.
Tracking property payment deadlines?
Get Israel property payment tips and transfer reminders by email.
Common questions
Same-Day Israel Transfers — Common Questions
Have a payment due today?
Contact us as early in the day as possible. Israel time is GMT+3 — the earlier we receive your instruction, the more settlement windows are available. If your Shovar is due today, we can make it.