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Frequently Asked Questions

Sending funds from my bank account: Wire instructions.

What are my options for funding my Clearshift account from my bank account?

The bank account you are sending the funds from should be pre-registered with Clearshift as a "linked" bank account.  After pre-registering the bank account and sending verification documentation (e.g., a voided check), we will provide you with a 13-digit Reference# to include in the reference line of your wire instruction to your bank. Thereafter, the Reference# should be used anytime you make a transfer from that bank account, and the funds will be efficiently credited to your Clearshift account.


USD from a US bank account:


1. FEDWire Instructions for Domestic USD Wires:

Beneficiary: 
Clearshift US Company, Customer Funds Account 309 Fellowship Road Mt. Laurel, NJ 08054

Beneficiary bank:
City National Bank of New Jersey 900 Broad Street Newark, NJ 07102
ABA/Routing #: 021201639
Account #: 00146XXXX (contact support for last 4 digits)
 
Make sure you include the reference number in the optional additional information that your bank allows to include in your wire instruction. This ensures that we identify the source of the funds and credit your Clearshift account promptly.
These funds are typically received by us immediately after the sending bank authorizes the payment, subject to bank holiday schedules and cutoffs set by the Federal Reserve and your bank. Our daily cutoff time for next banking-day availability and delivery is 2pm Eastern Time. Funds received after that time, may be unavailable for an additional banking day. Regardless, you will receive a deposit confirmation from us once the funds have been received and credited to your account.
 
2. ACH transfer instructions:

The beneficiary details for ACH credit transfers are the same as for domestic wires. Our support for ACH transfers is dependent on the level of information included by your bank in the transfer, which varies greatly from bank to bank. We request therefore that you notify us at confirmations@clearshiftinc.com after making your first ACH transfer to us from your account.
ABA/Routing #: 021201639
Account #: 00146XXXX

ACH Transfers usually post on the next banking day following the ACH transfer authorization and are available on the second banking day after the authorization.
 
3. Instructions for Check Deposit by Mail or your Bank’s Online Bill-pay:
 
Make check out to: Clearshift US Company, Customer Funds Account
Make sure to add your 13-digit reference to the memo line of the check.
Mail check to our lockbox at:
Clearshift US Company
309 Fellowship Road
Suite 200, PMB 63
Mt. Laurel, New Jersey 08054

We recommend using your bank’s Bill Pay for most efficient processing. 
The checks are processed and deposited on the day the mail is received in the lockbox. Normal check-clearing times apply (typically 1-3 business days). For large amounts, the clearing times may be significantly longer. until the funds are final and fully available. You will receive a deposit confirmation from us once the funds have been received and credited, indicating the date the funds will first be available. You may be able to exchange (but not withdraw) the funds even before the date they are “available.”


ILS from an Israeli Bank Account:

For delivery of ILS from your Israeli bank account, instruct your Israeli bank to send a bank transfer to the account of:

Beneficiary:
Clearshift (Israel) Ltd - קרלירשיפט (ישראל) בע"מ
Gush Etzion Industrial Park - פארק תעשיות גוש עציון
Gush Etzion 90433 - גוש עציון 90433

Beneficiary Bank:
Bank Leumi (#10) - בנק לאומי 

Ehad Ha’ham Tel Aviv Branch (#811) - סניף אחד העם תל אביב
Account No. 47680061


For same-day credit, use a ZAHAV (זה"ב) bank transfer and include:
IBAN: IL41 0108 1100 0004 7680 061


Reference: XXXXXXXXXXXXX (the 13-digit Reference# we assigned you for the sending bank account)

Typically, local bank transfers are posted and identified by us the morning of the first banking day following the value date (יום ערך) of the transfer. ZAHAV bank transfers are typically received by us within half an hour, subject to bank schedules and cutoffs. To ensure prompt credit to your Clearshift account for ZAHAV transfers, we urge you to e-mail (
confirmations@clearshiftinc.com) or fax (076-510-1851) us a wire confirmation issued by the bank


Foreign Currency (non-ILS) Transfers from an Israeli bank account:

For delivery of any currency (other than ILS) from any bank OR delivery of ILS from a foreign bank account, instruct your bank to send a SWIFT foreign currency transfer to the account of:

Beneficiary:
Clearshift (Israel) Ltd
Gush Etzion Industrial Park
Gush Etzion 90433

Beneficiary Bank:
Bank Leumi Le Israel B.M.

Ehad Ha’ham (#811)
31 Montifiore St., Tel Aviv , 6520101
Account No. 47680061
SWIFT/BIC: LUMIILITXXX

IBAN: IL41 0108 1100 0004 7680 061

 
Make sure you include the reference number in the optional additional information that your bank allows to include in your wire instruction. This ensures that we identify the source of the funds and credit your Clearshift account promptly.

These funds are typically received by us on the same day that the sending bank authorizes the payment, subject to bank holiday schedules. You will receive a deposit confirmation from us once the funds have been received and credited to your account.

To ensure fastest processing, it is recommended that you fax, or request your bank to fax us, a copy of the transfer confirmation at 076-510-1851.
.

How long does it take?


Wire from a US Bank

As an example, if you first instructed your US bank to transfer USD to Clearshift on Monday, the ILS proceeds will hit your account on Tuesday. Note, however, regular bank transfers are visible to customers only the following morning, Wednesday in this example.

Monday: you instruct your bank to wire USD same day (domestic Fedwire) to Clearshift.
Tuesday: the USD credit appears in your Clearshift account Tuesday morning.  The USD is sold and converted to ILS at the Bank of Israel official daily rate for Tuesday, first announced at 3:45 PM.
Tuesday evening: Clearshift makes a bank transfer of the ILS proceeds to your Israeli bank account.
Wednesday morning: the ILS credit appears in your bank account dated as of Tuesday.

Please note that there is a 1:45 ET cutoff for receiving US wires. Funds received after the cutoff may experience a delay of one banking day.


What do I need to open a personal account?

Residence & Primary Proof of ID
To open a personal account, you must reside in Israel and provide us with your permanent address.  If you are an Israeli citizen, you will need to provide us a copy of your National ID card (תעודת זהות).  If you are not an Israeli citizen, you will need to provide us a copy of your unexpired passport issued by your country of citizenship.

Secondary Proof of ID
A second proof of ID verifying the details on your National ID card or passport is required as well.  Acceptable options are: an unexpired passport (if not used as your primary proof of ID), an unexpired driver's license or other government-issued photo ID, a credit card or copy of a canceled check from a bank account showing your name and permanent address. 

Bank Account
In addition, you will need a bank account in your name.  This bank account must be either the source or destination of funds for every transaction in your Clearshift account.  The details can best be provided by sending us a legible image of a canceled or voided check or bank statement from the account.
If your are sending us USD or any other foreign currency from a bank account outside of Israel, you will also need to provide us the exact name of the account holder and the country, bank, branch and number of the account.  These details, as well, can best be provided by sending us a legible image of a canceled or voided check or bank statement from the foreign account.

Declaration of Beneficiaries
Once we receive and verify your identification, a short form will be sent to you for your signature, certifying any beneficiaries to your Clearshift account other than yourself.

All of the above documents can be uploaded via our website or sent to us via e-mail.  An original copy of the signed Declaration of Beneficiaries is required, however.

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