Banks permitted to cease physical mail notifications
Banks in Israel are now authorized to stop sending physical mail to customers without requiring prior consent.
Banks in Israel will now be permitted to discontinue sending notifications and documents to their customers via the Israel Postal Company without the need for prior consent from the client, according to reports this morning from TheMarker and Calcalist.
The measure follows the broader trend of transitioning to digital services within the banking sector. Further details regarding the full implementation of this shift and any potential exceptions that may remain for specific populations have not yet been released.