Law for the Reduction of the Use of Cash, 5778-2018

חוק לצמצום השימוש במזומן, תשע"ח-2018

Published: 2018-03-18Consolidated Hebrew text as of 2026-04-14 · Last amended 2026-03-31✓ Amendment status checked against the Knesset legislation record on 2026-09-28

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Unofficial English translation — for reference only. It may contain errors or omissions and cannot be relied on as a legal text. Only the Hebrew text published in Reshumot is legally binding.More

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Despite these checks, it may contain errors, omissions, or imprecise renderings of legal terminology and cross-references, and it may not yet reflect the latest amendments. It cannot be relied upon as a legal text.

The Hebrew text as published in Reshumot (ספר החוקים) and on the Knesset website is the sole authoritative and legally binding version. In any discrepancy, the Hebrew text prevails.

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First Schedule (Sections 2, 6(a)(1) to (4), 20(1) to (6) and 21)

(1)NIS 6,000.

(2)NIS 15,000, except in respect of an amount paid by a person who is not a dealer for the purchase of a vehicle, which shall remain NIS 50,000.

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Second Schedule (Section 5)

(1)the name of the payee is not specified in the cheque;

(2)if the cheque is an endorsed cheque and the amount specified in it exceeds NIS 10,000, one of the following applies:

(a)the names of the endorser and endorsee and the identity number of the endorser are not specified in the cheque;

(b)the cheque was endorsed more than once, except –

(1)an endorsement prescribed by the Minister of Finance, with the consent of the Minister of Justice and the Governor of the Bank of Israel, and with the approval of the Constitution Committee, intended to correct particulars in the cheque in accordance with section 31(4) of the Bills of Exchange Ordinance, and subject to the conditions prescribed;

(2)if after the first endorsement the cheque was transferred to a banking corporation, to the Postal Bank or to a holder of a licence to provide deposit and credit services for the purpose of its payment;

(3)(3) if the second endorsement is to a supervised financial body; the Minister of Finance, with the consent of the Governor of the Bank of Israel, and with the approval of the Constitution Committee, may prescribe that such an endorsement shall be made only with respect to services prescribed by the Minister;

(4)if after an endorsement as provided in paragraph (3), the cheque was endorsed from the supervised financial body to another supervised financial body once only.

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