What is Zahav?
Zahav — a Hebrew acronym for Real Time Credits and Transfers — is Israel’s RTGS system, operated by the Bank of Israel, settling shekel payments between participants in real time, finally and irrevocably. Poplin pays out to Israel over Zahav, settling within one business day at the latest.
Source: Bank of Israel (opens in a new tab)
Reviewed · by Joyce Chin, Chief Operating Officer & Compliance Officer
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A payout to Israel clears fastest over
Zahav
settles within one business day · 0.75% + $1.00 on a business account
Also reaches USD accounts over
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
What the rail sets for a payout over Zahav — and what Poplin charges to send.
Settlement
Next day
a ceiling, not the typical time
Reaches
1
country — Israel
Paid out in
ILS
Israeli new shekel
Business fee
0.75%
plus a $1.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
How Zahav payouts move.
From your US-dollar balance to an account in Israel — four steps.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Converted at mid-market
Dollars become Israeli new shekels at the mid-market rate — no markup added.
Cleared over Zahav
Poplin clears the payout over Zahav, Israel’s real-time settlement system.
Arrives inside the window
Zahav settles within one business day — a ceiling, not the typical time; how fast it lands depends on the receiving bank.
Where Zahav reaches.
Israel
The one country Poplin pays out to over Zahav, in Israeli new shekels.
Send to Israel →Paid by clients abroad? You can open a Poplin account from Israel, with USD, EUR, GBP, and AED accounts they can pay into, and you can then convert to Israeli new shekels at the mid-market rate and pay out to a bank account in Israel over Zahav. See what Poplin can do in Israel →
Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
Other rails to Israel.
Zahav — FAQ
Basics What is Zahav?
Zahav — a Hebrew acronym for Real Time Credits and Transfers — is Israel’s RTGS system, operated by the Bank of Israel, settling shekel payments between participants in real time, finally and irrevocably. Poplin pays out to Israel over Zahav, settling within one business day at the latest.
Speed How long do Zahav payouts take?
Over Zahav, Poplin payouts settle within one business day. Payments leave your account in seconds; Zahav then clears the payout to the recipient’s bank.
Cost How much does it cost to send money over Zahav with Poplin?
A percentage of the amount plus a $1.00 fixed fee — 0.75% on a business account and 1% on a personal account, shown in full before you send. Conversion, where the payout currency isn’t US dollars, is at the mid-market rate with no markup.
Coverage Which countries does Poplin reach over Zahav?
Zahav is how Poplin pays out to Israel, in ILS. Poplin also reaches Israel over SWIFT (USD) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to Israel over Zahav.
Open a Poplin account in minutes. No monthly fees.