Bank Hapoalim has announced a customer relief package that includes grants and benefits for reservists, students, displaced citizens, and mortgage holders. The relief package will be automatically applied to eligible customers during the second quarter of 2025 and will be reassessed every quarter. Key highlights of the plan include grants for young adults and students, fee waivers for reservists and displaced citizens, and grants for new customers and self-employed individuals. Bank Hapoalim has also implemented lower overdraft interest rates and a balance-offsetting mechanism to ease the financial burden on customers. The relief plan follows the national framework introduced by the Bank of Israel to help citizens manage their finances during times of conflict and high living costs.
Original article source: https://www.jpost.com/business-and-innovation/article-848167
Source Id: 8613093790