No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 8, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Israeli digital bank Esh launches with no fees

by TheAdviserMagazine
3 weeks ago
in Business
Reading Time: 2 mins read
A A
Israeli digital bank Esh launches with no fees
Share on FacebookShare on TwitterShare on LInkedIn


Israeli digital bank Esh launched operations today three years after it received a banking license from the Bank of Israel. The bank is offering the public the opportunity to open a checking account without fees “forever,” in the words of its executives. The bank has also developed an innovative model in which it will share with its customers 50% of the income it generates from customers’ money, which will be deposited in its customers’ bank accounts. Among the bank’s founders is tech entrepreneur Nir Zuk, who stepped down last month as CTO of cybersecurity giant Palo Alto Networks, which he founded.





RELATED ARTICLES




Nir Zuk’s new Israeli bank delaying opening


Digital bank One Zero replaces three top executives






The Esh Group, which includes the bank and the technology company that develops its software systems – Esh OS, managed by Yuval Aloni, who today presented its main developments. Esh Bank itself is headed by Prof. Shmuel Hauser, former chairman of the Israel Securities Authority. The bank, which was initially located in the Sarona Tower across from the Azrieli Center in Tel Aviv, moved earlier this year to offices in the Vitania Tower in south Tel Aviv. However, anyone who wants to visit the bank’s offices need not bother, as everything will be digital.

“There is a bank and there is a high-tech company called Esh OS – a high-tech company that built the banking system from scratch,” explained Zuk. The bank’s technology, he said, “Fully automates banking procedures. Therefore, here is a bank whose operating costs are completely negligible. At its peak, Esh Bank will only have about 70 employees.”

The bank plans to take advantage of its low operating costs to distribute half of the income it generates from its current operations and deposit it in customer accounts. No fees will be charged on current accounts, compared to a monthly fee of NIS 10-50 at other Israeli banks. There will also be guaranteed interest on all accounts at Esh Bank, which will be the same rate for all customers. In other words, it will not depend on the amount deposited. The bank will update customers once a week how much money was paid to them according to the shared income model.

Published by Globes, Israel business news – en.globes.co.il – on September 15, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.




Source link

Tags: bankDigitalEshFeesIsraeliLaunches
ShareTweetShare
Previous Post

Is Your Identity the Next Trillion Dollar Asset?

Next Post

Bicycles Before Business – Econlib

Related Posts

edit post
American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

by TheAdviserMagazine
October 8, 2025
0

American Eagle CEO Jay Schottenstein has launched a vigorous defense of his company’s high-profile Sydney Sweeney campaign, insisting the brand...

edit post
Elbit Systems bids to upgrade Argentinian F-16s

Elbit Systems bids to upgrade Argentinian F-16s

by TheAdviserMagazine
October 8, 2025
0

Argentina bought 24 F-16 aircraft from Denmark, and Elbit Systems is reportedly in talks to participate in the work of...

edit post
Ørsted raises .35bn through rights issue

Ørsted raises $9.35bn through rights issue

by TheAdviserMagazine
October 8, 2025
0

Ørsted has raised DKr59.56bn ($9.35bn) through a rights issue to strengthen its capital structure and support ongoing projects. This rights...

edit post
Bullish partners with Deutsche Bank to streamline banking for digital assets (BLSH:NYSE)

Bullish partners with Deutsche Bank to streamline banking for digital assets (BLSH:NYSE)

by TheAdviserMagazine
October 8, 2025
0

agafapaperiapunta/iStock Editorial via Getty ImagesDigital assets spot and derivatives exchange Bullish (NYSE:BLSH) has announced a corporate banking partnership with Deutsche...

edit post
Green Lantern buys frozen fries co Tapugan for NIS 507m

Green Lantern buys frozen fries co Tapugan for NIS 507m

by TheAdviserMagazine
October 8, 2025
0

Kerur Holdings (TASE: KRUR), controlled by Shlomo Rodav and Roni Gat through Israel Lighterage and Supply Co. Ltd., in...

edit post
Banks set to impress in Q2, ECL phasing gives comfort to financials: Ashwini Agarwal

Banks set to impress in Q2, ECL phasing gives comfort to financials: Ashwini Agarwal

by TheAdviserMagazine
October 8, 2025
0

As India’s earnings season gets underway, banks are emerging as the standout performers, with analysts and investors expressing optimism about...

Next Post
edit post
Bicycles Before Business – Econlib

Bicycles Before Business - Econlib

edit post
7 Charities That Refuse Donations From Everyday Americans

7 Charities That Refuse Donations From Everyday Americans

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Raymond James sues to retrieve dead advisor’s laptop

Raymond James sues to retrieve dead advisor’s laptop

September 11, 2025
edit post
American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

0
edit post
The shutdown meant no jobs report. Carlyle’s analysis shows it would have been pretty bad

The shutdown meant no jobs report. Carlyle’s analysis shows it would have been pretty bad

0
edit post
XRP Price Targets You Need To Know Now: Cubic Analytics

XRP Price Targets You Need To Know Now: Cubic Analytics

0
edit post
Why late-career savers need to be careful with RRSPs

Why late-career savers need to be careful with RRSPs

0
edit post
5 Ways to Buy Rentals Without a Huge Bank Account

5 Ways to Buy Rentals Without a Huge Bank Account

0
edit post
Elbit Systems bids to upgrade Argentinian F-16s

Elbit Systems bids to upgrade Argentinian F-16s

0
edit post
American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

October 8, 2025
edit post
XRP Price Targets You Need To Know Now: Cubic Analytics

XRP Price Targets You Need To Know Now: Cubic Analytics

October 8, 2025
edit post
Elbit Systems bids to upgrade Argentinian F-16s

Elbit Systems bids to upgrade Argentinian F-16s

October 8, 2025
edit post
Ørsted raises .35bn through rights issue

Ørsted raises $9.35bn through rights issue

October 8, 2025
edit post
5 Ways to Buy Rentals Without a Huge Bank Account

5 Ways to Buy Rentals Without a Huge Bank Account

October 8, 2025
edit post
How to Make the Most Money Possible from Your Rental Property

How to Make the Most Money Possible from Your Rental Property

October 8, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’
  • XRP Price Targets You Need To Know Now: Cubic Analytics
  • Elbit Systems bids to upgrade Argentinian F-16s
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.