MASAV Pricing List

Here you can easily find the official and up-to-date prices for Masav services: debits, credits, authorization setup, and more. All the information is clearly organized so you can plan your payment operations efficiently.

1

General
- Payment for services priced in USD will be converted to ILS according to the official exchange rate of the US dollar on the invoice issuance date.
- All prices are subject to VAT as required by law.
- Indexation: Prices in ILS are linked to the Consumer Price Index of January 2017. Price updates based on index changes will occur twice a year (in January and July)
- Payment terms: Net + 30 days.

Services for System Participants

A minimum monthly payment of ₪10,000 will be charged to each system participant for the services detailed in Section 2 below:

2.1

Clearing service for credit and debit transfers

2.1.1 Credit Clearing Service (Payments)

Remarks	Price	Paying Entity	Service Description
Clarification No. 1	14 ₪ per file	Presenting Bank	Credit File Submission
Clarification No. 1	0.0126 ₪ per transaction	Presenting Bank	Submitting Credit Transaction
Clarification No. 2	0.0126 ₪ per transaction	Receiving Bank	Receiving Credit Transaction

Clarification No. 1

The presenting bank pays for presenting a credit file and for presenting credit transactions, both when it presents the file itself and when its customer presents the credit file directly to Masav.

Clarification No. 2

The receiving bank pays for receiving credit transactions.

2.1.2 Debit Clearing Service by Authorization

Remarks	Price	Paying Entity	Service Description
Clarification No. 3	5.6 ₪ per file	Presenting Bank	Submitting Debit File
Clarification No. 3	0.0126 ₪ per transaction	Presenting Bank	Submitting Debit Transaction
per transaction 4	0.0126 ₪ per transaction	Receiving Bank	Receiving Debit Transaction

Clarification No. 3
The presenting bank pays for submitting a debit file and for submitting debit transactions both when it submits the file itself and when its customer submits the debit file directly to Masav.

Clarification No. 4
The receiving bank pays for receiving debit transactions.

2.1.3 Returned Credit Clearing Service

Remarks	Price	Paying Entity
₪1 per return	Returning Bank	Submitting Returned Credit

2.1.4 Clearing Service for Authorized Debit Returns

Remarks	Price	Paying Entity
0.23 ₪ per return	Returning Bank	Presentation of Chargeback

2.1.5 Receipt of File from Clearing Transmitters

Remarks	Price	Paying Entity	Service Description
	₪140 per business day	Receiving Bank	Receiving Clearing Instruction Files

2.1.6 Service for Handling and Settlement of Requests to Open Authorization for Charges by Authorization

Remarks	Price	Paying Entity	Service Description
	₪0.12 per authorization	Authorization Initiating Bank	Handling Authorization Opening
The information is transferred at the request of the presenting bank	₪15 per institution code ₪0.20 per data record to the institution	Presenting Bank of the Institution	Transfer of Information from Masav to the Institution Regarding Authorizations for Which the Presenting Bank Paid for the Authorization Setup

2.1.7 Receipt of Future Transactions

Remarks	Price	Paying Entity	Service Description
	₪0.014 per transaction	Receiving Bank	Receipt of Future Debit or Credit Transaction

2.1.8 Receipt of Transactions to a Specific Account from a List of Institution Codes

Remarks	Price	Paying Entity	Service Description
There is no limitation on the list of institution codes	₪440 per file	The bank where the account for which the service is requested is held	A flat file or Excel file containing a detailed list of records transferred by Masav to a specific bank account, based on a list of institution codes, for a given month

2.1.9 Service for Handling Regulation 439

Remarks	Price	Paying Entity	Service Description
See Clarification No. 5	₪1.00 per complete or partial process	The initiating bank of the process	Handling the Transfer of Debit Authorizations from One Account to Another
See Clarification No. 6	₪0.20 per information record (creation/rejection/cancellation)	The initiating bank of the information transfer	Handling the transfer of information regarding authorization for account debit from the bank initiating the authorization to the presenting bank of the institution for which the authorization was established.

Clarification No. 5
The payment is for a partial or full process (i.e., a one-time payment for a single message or multiple messages containing the same unique agreement identifier).

Clarification No. 6
In cases where the institution receives a status information file on account debit authorizations directly from Masav, the payment obligation applies to the institution and not to the initiating bank of the information transfer.

2.1.10 Management service for a database of rejected checks for which a report was generated

Price	Paying Entity	Service Description
₪0.50 per rejected check report record	The bank generating the report for a rejected check	Adding records to the database of rejected checks for which a report was generated

2.1.11 Immediate Payments

Remarks	Price	Paying Entity	Service Description
	₪3,000 per month	The participant	Service Fee
Clarification No. 20	₪0.02 per transfer	The participant transfers the credit	Immediate credit transfer
	₪0.02 per transfer	The participant receives the credit	Receiving an immediate credit
Clarification No. 20	₪0.02 per transfer	The participant sends the request	Sending a payment request

Clarification No. 20
The participant pays for the transaction both when they present the transactions themselves and when their client presents the transactions directly to Masav.

2.1.12 Bank Switching Service

Remarks	Price	Paying Entity	Service Description
	₪25,000 per month	The participant	Service Fee
	₪2.5 per transfer request	The participant initiates the transfer request	Sending a switching request
	₪2.5 per transfer request	The participant receives the transfer request	Receiving a switching request
See clarification no. 21	₪1 per routing	Presenting participant	Transaction routing
Payment for a unique credit card number	₪1 per month	The participant initiates the transfer request	Messages in the credit card commitments system

Clarification no. 21
The participant pays for the transaction both when presenting the movements and when their customer presents the movements directly to Masav.

2.1.13 Clearing Failure Arrangement

Remarks	Price	Paying Entity	Service Description
The payment is made by the entity participating in the clearing failure arrangement	₪5,000 per month	Clearing participant or direct participant	Clearing Failure Arrangement

2.1.14 Mortgage Transfer

Price	Paying Entity	Service Description
₪10,000 per month	Participant	Service fee
₪2.5 per message	Receiving participant	Mortgage transfer messages

Clarification no. 22
The paying participant is the one receiving the document to which the transfer is directed.

Services for Payment Service Providers, Producers/Operators of Provident Funds, Advanced Study Funds, Pension Funds, and Executive Insurance

3.1

Clearing House Payment Services Tariff for Payment Service Providers, Provident Funds, Advanced Study Funds, Pension Funds, and Executive Insurance

3.1.1 Clearing Service for Credits/Debits from Employers to Members' Accounts in the Funds

Notes	Price	Paying Entity	Service Description
	₪600 per month	Payment Service Provider / Fund Operator / Fund Producer	Service Fees
	₪20 per month	Payment Service Provider / Fund Operator / Fund Producer	Management Fees for Each Fund
See clarification number 7	₪0.045 per transaction	Payment Service Provider / Operator / Producer of the Receiving Fund	Receiving a credit/debit transaction to the member's account

Clarification No. 7
Any transaction transferred to a payment service provider instead of the bank where the account is held will be counted as a chargeable transaction.
Each component of a deposit into the member’s account will be considered a single credit/debit transaction.
For example: the deposit of the employee’s contribution to provident funds, the employer’s contribution to provident funds, and the employer’s contribution to severance pay will be counted as three separate credit transactions.
In the “Savings for Every Child” program – each record transferred to the institution in the deposit file will be counted as a chargeable transaction for the operator/producer of the receiving fund.

3.1.2 Transfer Service of Members Between Provident Funds and Advanced Training Funds

Price	Paying Entity	Service Description
₪600 per month	Operator/producer of the fund	Service Fees
₪0.75 per transaction	Transferring fund operator/producer	Transfer of member movement
₪0.75 per transaction	Receiving fund operator/producer	Receipt of member movement transaction

Services for Banking Corporations and Credit Card Companies (hereinafter: Service Recipients)

Branding Services
For branding services, the cost is ₪0.02, except for branding services related to the Population Registry database.

4.1

Message Transmission Services, Data Branding, and Branding for Databases
Branding Services for Databases Include the Following:
- Population Registry Database – for the purpose of opening accounts. This service is provided only to banking corporations.
- Ministry of Transport Licensing Department Database – for the purpose of registering and canceling vehicle liens.
- Ministry of Defense Database – for making payments under the Released Soldiers Law. This service is provided only to banking corporations.
The service recipients are the ones who pay for the branding services.

4.2

Branding for the Population Registry Database

Notes	Price	Service Description
Clarification No. 8 Clarification No. 9 Clarification No. 9	₪440 per month ₪0.10 per query ₪0.625 per query	Queries to the Population Registry Database: Service Fee Branding Fee Payment to the Population Registry Franchisee
	₪330 per month	Software license for each additional Population Registry station

4.3

Branding for the Ministry of Transport Licensing Department Database

Notes	Price	Service Description
See Clarification No. 8	₪440 per month ₪0.02 per query/action	Queries and Actions Related to Vehicle Liens in the Ministry of Transport Database: Service Fee Branding Fee

4.4

Branding for the Ministry of Defense database

Notes	Price	Service Description
See clarification number 8	₪440 per month ₪0.02 per inquiry/action	Inquiries and Actions Related to Payments Under the Released Soldiers Law

Clarification No. 8
A service recipient who uses branding services for multiple databases pays the monthly service fee only once.
The monthly service fee includes a license for one workstation to perform inquiries to the Population Registry for service recipients who are not directly connected from their own computer to Masav’s system.

Clarification No. 9
The inquiry price set by the franchisee is determined by the franchisee. The payment received is transferred by Masav according to the franchisee’s request.
The inquiry fee of ₪0.625 is indexed to the Consumer Price Index (CPI) of November 2009, published on 15/12/2009.
Inquiry prices are updated four times a year according to the index.

Update Schedule:

The price will be updated according to the November index	For service during the months of: December, January, February
The price will be updated according to the February index	For service during the months of: March, April, May
The price will be updated according to the May index	For service during the months of: June, July, August
The price will be updated according to the August index	For service during the months of: September, October, November

In the service to which this clarification applies, the indexation process described in this clarification replaces the indexation detailed at the beginning of the tariff under the “General” section.

Services for Payment Transmitters (Credits)

5.1

Services and accessories related to the presentation of credits

Notes	Price	Service Description
For clients transitioning from software-based work to using the payment website	One-time fee of ₪500	Joining Fees for the Payment Website
	One-time fee of ₪500	Usage Fees for the Payment File Transmission Software
See clarification number 10	One-time fee of ₪500	Institution Code Opening Fee
The payment applies to the organization and/or the new owner, as applicable	One-time fee of ₪300	Request to Change the File Transmission Method / File Transmitter / Ownership of an Existing Institution Code
The payment includes authorization for the first transmitter of this signatory	₪400 per unit	Signature Device for Authorized Signatory – Mini Token / MiniKey
	300 ₪	Replacement of Authorized Signatory / Addition of Authorization to an Active Signature Device
	50$ Per year	Signature Server Maintenance Fee
For each payment confirmation	50 ₪	Confirmation Letter for Payment Made to the Account – Up to One Year Back
For each payment confirmation	150 ₪	Confirmation Letter for Payment Made to the Account – Over One Year Back
	No charge	Reissue of Credit/Debit Notification – Up to One Year Back
	₪150 per restoration	Reissue of Credit/Debit Notification – Over One Year Back
	No charge	Reissue of Returned Transactions – Up to One Year Back
	₪150 per line ₪1 per return	Reissue of Returned Transactions – Over One Year Back a. Base price per line in the bank account statement b. Additional fee for each returned transaction
	₪150 per instruction	Copy of Payment Instruction (Fax or Original Document)
	₪150 + ₪0.20 per transaction in the file	Printing of Records from a File Transferred to the Banks
See clarification number 11	440 ₪ per file	Flat File or Excel File Containing Details of Up to 2,500 Records Transferred to the Banks for a Specific Month
See clarification number 11	₪440 per file ₪0.02 per record	Flat File or Excel File Containing Details of Over 2,500 Records Transferred to the Banks for a Specific Month a. Base price per file b. Additional fee for each record in the file
See clarification number 12	₪440 per file	Storno to file

Clarification No. 10
The payment is for the action of assigning the institution code and will be charged regardless of its use or the completion of the joining process by the institution.
The right to use the institution code is granted as long as it is actively used. Therefore, a code assigned to a company that has not been used within six months from the date of assignment, or a code that ceases activity and/or is inactive for two years, will be returned to the pool of available institution codes and may be reassigned to another company.
Reactivating a returned institution code or assigning a new code in place of one that was returned to the pool will incur a reallocation fee.

Clarification No. 11
The price includes an unlimited number of institution codes and files per month for which the breakdown was requested.

Clarification No. 12
A customer requesting a storno action must have the bank sign the indemnity letter provided by Masav. Without the bank’s signature on the indemnity letter, Masav will not perform the storno action.

5.2

Service for receiving return credit files

Notes	Price	Service description
See clarification number 13	₪120 per invoice per month ₪20 per institution code ₪0.592 per transaction	Receiving credit returns in a file: Service fee Monthly payment for institution code Payment per return transaction
	No charge	Restoration of the last return file
	75 ₪ per retrieval	Restoration of return file up to one year back
	150 ₪ per retrieval	Restoration of return file older than one year

Clarification number 13
It is possible to receive a return file on a daily basis or by selecting specific dates within the month on which the return file will be generated. The number of dates per month on which a return file may be requested shall not exceed 4.
The charge per institution code applies only to institution codes that had returns during the month the invoice is issued.
The file is received from Masav via a secure vault.
A customer who requests to receive returns and does not yet have a vault with Masav, or who requests an additional license, will be charged according to section 7.

5.3

Information on payments (credits)

Notes	Price	Service description
	₪1,173 per month	Receiving file-based information on payments not executed (excluding payments executed and returned by banks)
The charge applies to each primary institution code using up to 1,000 secondary codes or part thereof	₪1,173 per month	Transferring file-based information on payments (credits) using secondary codes

5.4

Returned information service on payments

Notes	Price	Service description
	₪440 per month ₪0.20 per information record	Receiving information in a file regarding payment clearing: • Service fee • Information about a cleared payment

5.5

Connecting organizations to the infrastructure for immediate payment transfers

Notes	Price	Paying entity	Service description
	₪3,000 per month	The organization	Service fee

Services for Authorized Debit Presenters

6.1

Services and accessories related to presenting charges based on authorization

Notes	Price	Service description
See clarification number 14	₪500 one-time fee	New institution code setup fee
The payment applies to the new transmitter of the file and/or to the new owner, as applicable	₪300 one-time fee	Request to change the file transmission method / file transmitter / ownership for an existing institution code
	No charge	Reconstruction of credit/debit notification up to one year back
	₪150 per reconstruction	Reconstruction of credit/debit notification over one year back
	No charge	Reconstruction of returned transactions up to one year back
	₪150 per line ₪1 per returned transaction	Reconstructing Returned Transactions Over a Year Ago a. Base price for each line in the bank account statement b. Additionally, a fee for each returned transaction
	₪150 + ₪0.20 per transaction in the file	Printing records from a file transferred to the banks
See clarification number 15	₪440 per file	A flat file or Excel file containing a breakdown of up to 2,500 records transferred to banks for a specific month
See clarification number 15	₪440 per file ₪0.02 per record	A flat file or Excel file containing a breakdown of over 2,500 records transferred to banks for a specific month: a. Base price for the file b. Additional price per record in the file
See clarification number 16	₪440 per file	Storno for a file

Clarification No. 14:
The payment is for the action of assigning an institution code and will be charged regardless of its use or the completion of the onboarding process by the institution.
The right to use the institution code is granted as long as it is actively used. Therefore, a code assigned to a company that has not been used within six months from the date of assignment, or a code that ceases activity and/or remains inactive for two years, will be returned to the pool of available institution codes and may be reassigned to another company.
Reactivation of a returned code or assignment of a new code in place of one that was returned to the pool will incur a reallocation fee.

Clarification No. 15:
The price covers an unlimited number of institution codes and files per month for which the breakdown was requested.

הבהרה מספר 16:
Clarification No. 16:
A customer requesting the execution of a storno action must have the bank sign an indemnity form provided by Masav. Without the bank’s signature on the indemnity form, Masav will not perform the storno action.

6.2

Service for receiving debit return files based on authorization

Notes	Price	Service description
See Clarification No. 17	120 ₪ per invoice per month 20 ₪ per institution code 0.592 ₪ per transaction	Receiving debit returns in a file: Service fee Monthly payment per institution code Payment per return transaction
	No charge	Restoring the last return file
	75 ₪ for restoration	Restoring a return file up to one year back
	150 ₪ for restoration	Restoring a return file up to one year back

Clarification No. 17:
A return file can be received on a daily basis or by selecting specific dates within the month on which the return file will be generated. The number of dates per month on which a return file can be requested must not exceed four.

A customer who receives both credit return files and requests a single invoice for both credit and debit return files will be charged the service fee for only one of them (either credit or debit).

The payment for an institution code applies only to institution codes that had returns during the month the invoice was issued.

The customer must retrieve the file from Masav’s mailbox system using a retrieval software that will be provided free of charge.

A customer who requests to receive the returns via a secure vault and does not yet have a vault with Masav, or who requests an additional license, will be charged according to Section 7.

6.3

Service for receiving information about debit account authorizations

Notes	Price	Service description
See Clarification No. 18	120 ₪ per invoice per month 0.20 ₪ per information record	Receiving information in a file regarding initiation/postponement/cancellation of a debit instruction based on authorization:
	No charge	Restoring the last file containing information about authorizations
	75 ₪ for restoration	Restoring an authorization information file up to one year back
	150 ₪ for restoration	Restoring an authorization information file from over one year ago

Clarification No. 18:

The payment is for an information record that includes details about the initiation or postponement of a debit instruction based on authorization, or details about the cancellation of an existing authorization.

6.4

Payment Information (Charges)

Notes	Price	Service Description
The payment is for each primary institution code using up to 1,000 secondary codes or part thereof.	1,173 ₪ Per month	Transferring payment data (charges) in a file using secondary codes

Safe Deposit Box Service

Notes	Price	Service description
One-time payment for a license	1,450 ₪	Payment for a user license to access safes
Annual payment for each license starting from the first year	200 ₪	Annual payment for support

Verification service for a rejected check for which a report was generated

Notes	Price	Service description
See Clarification No. 19	7,000 ₪ per month	Service Fees – Request Package for Check Details Verification in the Database
	0.6 ₪ per request	Each additional request beyond the request package

Clarification No. 19
The request package includes 11,667 requests per month.

Bank Digital Identity Verification Service (BDIV)

Notes	Price	Service description
		Ownership verification in a bank account by identifier number (ID/Passport/Company Number):
	₪440 per month	Service Fees
	₪1.5 per record	Payment for a verification record

Masav Hourly Work Rates

Notes	Price	Service description
	520 NIS per hour	Project Management and Headquarters Services
	345 NIS per hour	Specifier
	300 NIS per hour	IT and Information Security
	350 NIS per hour	Software and Integration

Adding new participants to the system

Notes	Price	Paying entity	Service description
₪25,000 per month Includes payment for project management, headquarters services, IT, and information security. See Clarification No. 22.	₪25,000 per month	The candidate/participant representing according to the rules	Project management

Clarification No. 22

Payment will be charged from the date determined by the system operator in coordination with the participant, starting from the project initiation date until the participant enters production. For specification, development, and integration services, payment will be charged based on actual hours, according to the rates specified in Section 10.

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