Another step to encourage digital banking activity:
The Banking Supervision Department allows corporations
to open bank accounts online
The Banking Supervision Department is
today publishing a revision to the directive on online banking (e-banking), which
enables corporations,
including companies, to open a bank account online without needing to go to the
branch. The revised directive (translation
forthcoming) will come into force upon publication.
The revision enables remote
identification and verification of the people who are authorized signatories to
manage the corporation’s account, as well as online receipt of the documents
required from the corporation when opening the account.
The revision of the directive is an
important element in creating the infrastructure that will allow the banking
system to offer corporations, and not just individuals,
the ability to obtain additional banking services without needing to go to the
branch.
Supervisor of Banks Yair Avidan said,
“The measure announced today is another part of the overall trend of removing
barriers upon which the Banking Supervision Department has embarked, with the
aim of enabling the expansion of digital banking activity to corporations as
well, thereby supporting the improved convenience and lower prices of consuming
banking services for this group of customers as well.”