Bank of Israel proposes making digital notices the default for bank customers

In depth

The Bank of Israel has published a draft directive that would allow banks to move customers to receiving notices through digital channels even without a request from them. According to TheMarker, the default for sending mail would change from physical to digital delivery for all customers, except those aged 70 and over and those who have not used the bank's website in the past year.

According to Calcalist, every customer will be able to demand to continue receiving physical mail, and the Bank of Israel explains that about 92% of banking transactions are already carried out digitally. The Supervisor of Banks told TheMarker: "A response to a need that arose from the field; we will closely monitor the implementation."