98,000 customers in Israel currently have restricted accounts, and 33% of these customers’ accounts are severely restricted.
The Bank of Israel is taking action against bouncing checks. Starting today, the Bank of Israel will allow the Internet to be used to track customers with severely restricted bank accounts. Up until now, the Bank of Israel has permitted general tracking of ordinary restricted accounts.
Tracking of severely restricted customers, which will include Israeli individuals and corporations only, will be carried out by typing in an ID or corporation number.
At the same time, the information about severely restricted customers does not include the following cases:
- Special customers, customers in receivership or Baliff Office proceedings, and persons whose accounts have been restricted by the religious courts for refusing to grant a divorce to their spouses;
- Customers who have appealed the restrictions on their accounts to the Magistrates Court;
- Customers in cases where 60 days have not yet passed since they were notified of the restriction on their accounts.
98,000 customers in Israel currently have restricted accounts, and 33% of these customers’ accounts are severely restricted. There are more than 170,000 restricted accounts in Israel, 40% of which are severely restricted. Some customers and corporations have more than one account.
Published by Globes [online] - www.globes.co.il - on May 5, 2004