Bank Otsar Ha-Hayal History and Operations Explained

Bank Otsar Ha-Hayal is a unique financial institution that offers a range of services to the Israeli military. It was established in 1974.

The bank's primary goal is to provide financial services to the military, including savings accounts, loans, and other banking products. Its main office is located in Tel Aviv.

Bank Otsar Ha-Hayal is a subsidiary of the Israeli military's finance department. It operates independently, but its main focus is on serving the military community.

Recommended read: Banks and Banking Services

Bank Otsar Ha-Hayal has a rich history dating back to 1948. It was established by the Israel Defense Forces (IDF) to provide financial services to its soldiers.

The bank's primary goal was to help soldiers manage their finances while serving in the military. This made it easier for them to focus on their duties.

Bank Otsar Ha-Hayal has been serving the IDF and its personnel for over 70 years. It has a strong presence in Israel, with a network of branches and ATMs.

The bank offers a range of financial products and services, including savings accounts, loans, and credit cards. These services are designed to meet the unique needs of military personnel and their families.

Additional reading: Banks That Support Israel

Bank Otsar Ha-Hayal has been involved in activities in Israeli settlements in the West Bank, including East Jerusalem. This has led to controversy.

The United Nations published a database of companies doing business in these territories on February 12, 2020, and Bank Otsar Ha-Hayal was listed.

Bank Otsar Ha-Hayal's activities in the West Bank and Golan Heights have raised concerns and sparked debate.

Bank Information is essential for anyone looking to bank with Bank Otsar Ha-Hayal. The bank has a wide range of branches located throughout Israel, making it easily accessible to its customers.

The bank's headquarters is located in Petah Tikva, and its main branches are situated in major cities like Tel Aviv and Jerusalem.

Bank Otsar Ha-Hayal offers a variety of services, including personal banking, business banking, and online banking.

In Israel, the IBAN code is made up of 23 characters.

The IBAN code for Bank Otsar Ha-Hayal Ltd. in Israel is a good example of this. It consists of a 2 letter country code, a 2 digit check number, 3 characters from the bank code, 3 digit branch code, and a 13 digit account number.

The country code for Israel is IL, which is used in the IBAN code.

The check digits are used to verify the accuracy of the IBAN code, and in the example, they are 62.

Bank Otsar Ha-Hayal Ltd.'s bank code is 010, which is used in the IBAN code.

The branch code for Bank Otsar Ha-Hayal Ltd. is 800, which is used in the IBAN code.

The bank account number is 0000099999999, which is used in the IBAN code.

Here's a breakdown of the IBAN code for Bank Otsar Ha-Hayal Ltd. in Israel:

You can find your Bank Otsar Ha-Hayal Ltd. IBAN number by logging into their online banking or checking your bank statement.

To work out your IBAN, you'll need to know the bank code, branch code, and account number, which can be found on your bank statement.

The IBAN for Bank Otsar Ha-Hayal Ltd. in Israel consists of 23 characters, including a 2-letter country code, 2-digit check number, 3 characters from the bank code, 3-digit code for the bank branch, and 13 digits for the bank account number.

For your interest: Bank Leumi Le Israel B.m. Swift Code

Here's an example of an IBAN in Israel: IL620108000000099999999, which can also be displayed in print format as IL62 0108 0000 0009 9999 999.

The country code is IL, the check digits are 62, the bank code is 010, the branch code is 800, and the bank account number is 0000099999999.

Any IBAN or BBAN account numbers used in this article are given as examples and shouldn't be used to process a transfer.

The Bank Otsar Ha-Hayal has a team of experienced staff who manage the bank's daily operations.

The bank employs a significant number of staff, with a total of 1,000 employees working across various departments.

These staff members are responsible for managing the bank's operations, including customer service, account management, and security.

The bank's operations are divided into various departments, including a customer service department and a security department.

The customer service department is responsible for handling customer inquiries and resolving any issues that may arise.

The bank's security department is responsible for ensuring the safety and security of the bank's customers and staff.

The bank's operations are also supported by a team of IT professionals who manage the bank's technology infrastructure.

The bank's technology infrastructure includes a range of systems and tools that enable staff to manage customer accounts and transactions efficiently.