Frequently Asked Questions

1. Can I open an account with Bank Hapoalim New York?
2. Are accounts with Bank Hapoalim New York FDIC Insured?
3. How do I open an account with Bank Hapoalim New York?
4. Do I have to be a U.S. citizen to open an account with Bank Hapoalim New York?
5. Do you sell Bank Hapoalim structured CDs?
6. Does Bank Hapoalim New York serve Bank Hapoalim B.M. customers?
7. May I deposit cash into my account in Israel?
8. What is the nature of your relationship with Bank Hapoalim B.M. in Israel?
9. Can you receive direct financial backing from Bank Hapoalim B.M. in the wake of a financial crisis, such as what U.S. banks have experienced in the past year?
10. What online banking capabilities do you currently offer? What do you plan to offer in the future, and within what timeframe?
11. Do you offer credit cards?
12. Do you offer debit cards?
13. What services does your brokerage firm provide?

Can I open an account with Bank Hapoalim New York?

Anyone who meets our minimum requirements may open an account. Bank Hapoalim New York Branches is a full-service commercial bank serving the financial needs of businesses, business owners and executives, private banking customers, and philanthropic organizations seeking expert financial solutions. Please call us at 212-782-2282 to see if your deposits meet our minimum requirements. If so, we will assign you a Private Banker to help open your account(s).

Are accounts with Bank Hapoalim New York FDIC Insured?

Please see New York Branches for complete information.

How do I open an account with Bank Hapoalim New York?

Please call us at 212-782-2282 to see if your deposits meet our minimum requirements. If so, we will assign you a Personal Banker to help open your account(s).

Do I have to be a U.S. citizen to open an account with Bank Hapoalim New York?

No. We are happy to open a foreign account for anyone who meets our minimum deposit requirements, regardless of nationality or citizenship status.

Do you sell Bank Hapoalim structured CDs?

We sell structured CDs exclusively to customers with investment accounts held by Hapoalim Securities. If you do not have an account with Hapoalim Securities, these same CDs may be purchased through any other broker/dealer.

Does Bank Hapoalim New York serve Bank Hapoalim B.M. customers?

We are happy to assist you in certain matters. However, please be aware that Bank Hapoalim New York accounts are separate from accounts at Bank Hapoalim in Israel. The New York Branches operate under a New York charter and are regulated locally. Therefore, accounts in Israel cannot be viewed and transacted by New York bankers, or vice versa.

May I deposit cash into my account in Israel?

You may not make a deposit at Bank Hapoalim New York to be transferred to your Bank Hapoalim BH account in Israel. Bank Hapoalim New York Branches accounts are separate from accounts at Bank Hapoalim in Israel.

What is the nature of your relationship with Bank Hapoalim B.M. in Israel?

Bank Hapoalim New York Branches is a network of branches in the U.S. that is fully owned by Israel’s Bank Hapoalim B.M.

Can you receive direct financial backing from Bank Hapoalim B.M. in the wake of a financial crisis, such as what U.S. banks have experienced in the past year?

Yes. As a fully-owned branch, Bank Hapoalim New York Branches may receive direct financial support and access to the resources of Bank Hapoalim B.M.

What online banking capabilities do you currently offer? What do you plan to offer in the future, and within what timeframe?

Presently, you may view your accounts online. Soon, we will offer comprehensive online banking services, making it possible to complete transactions from the convenience of your computer.

Do you offer credit cards?

Yes. The Bank Hapoalim New York Branches MasterCard is available to U.S. and qualifying international clients.

Do you offer debit cards?

Yes. The Bank Hapoalim New York Branches debit card provides safe payment convenience anywhere MasterCard is accepted. Avoid time-consuming check approvals, track your spending using monthly account statements, and make cash withdrawals at any ATM.

What services does your brokerage firm provide?

Hapoalim Securities USA, Inc. is a registered broker-dealer and a wholly-owned subsidiary of Bank Hapoalim BH. The firm offers comprehensive financial planning services, including portfolio and individual holding analysis, asset allocation strategy, wealth protection and transfer, education planning, retirement planning, estate planning, philanthropy consultation, and fiduciary services.