Banking Law (Customer Service) (Amendment – Interest on a Credit Balance) Bill
Translated from Hebrew: הצעת חוק הבנקאות (שירות ללקוח) (תיקון - ריבית על יתרת זכות)
TL;DRThe bill requires banks to pay customers interest on credit balances in checking accounts, at a minimum rate to be set by the Governor.
Translated from Hebrew
What does the bill do?
The bill adds a new section to the Banking (Service to Customer) Law requiring a banking corporation to pay interest on credit balances in a customer's checking account. The minimum interest rate will be set by the Governor after consulting with the advisory committee and with the approval of the Minister of Finance.
Passed preliminary readingFirst plenum vote: February 19, 2025
Joint initiativeRead the full text (bill for preliminary reading) ↗
The votes on this bill
Passed25 for · 0 against · 1 abstained · 94 did not vote
Coalition 62 seats
LikudFor 6 · Absent 26
ShasFor 4 · Absent 7
United Torah JudaismFor 1 · Absent 6
Religious ZionismAbsent 6
New Hope – The United RightAbsent 4
NoamAbsent 1
Left the coalition 14 seats
Blue and White – National UnityFor 6 · Absent 2
Otzma YehuditFor 1 · Absent 6
Opposition 44 seats
Yesh AtidFor 1 · Abstained 1 · Absent 22
Yisrael BeytenuFor 3 · Absent 3
Ra'amAbsent 5
Hadash–Ta'alFor 3 · Absent 2
LaborAbsent 4
Tap an MK for detailsChanged position between readingsOnly MKs who held a seat on the day of the vote are shown