One Zero explained: Israel's digital bank, its plans and who can open an account

In short: One Zero (ONE ZERO – The Digital Bank) is a fully licensed Israeli bank that runs only through its app. Its basic Zero plan has no fixed monthly fee, while the paid One and One+ plans remove foreign-currency fees on the card and account, and can cost nothing if enough money is paid into the account each month.

What One Zero is

One Zero is a bank, not an e-money app. The Bank of Israel gave it a restricted licence on 30 December 2019 and lifted the restrictions on 10 January 2022, once the bank had built its systems, connected to the payment systems, run a pilot and raised its capital. The central bank said it was the first new bank in Israel in 43 years, and that One Zero now has the same status as other Israeli banks. The bank is controlled by Prof. Amnon Shashua.

There are no branches. Everything, from opening the account to support, happens in the app. The App Store listing mentions a 24/7 AI assistant called Ella, trading on the capital market from the app and an overview of accounts and cards you hold at other banks and card companies.

Who can open an account

According to the bank's App Store listing:

• You must be 18 or over.
• You must have no foreign tax residency and no US citizenship.
• You can open a personal or joint account, including as a licensed sole trader (osek murshe), but not for a company.
• You need a valid Israeli ID card (the original, not a photo) and a phone with a working camera and microphone.
• The bank says joining takes about 7 minutes.

Opening an account is at the bank's discretion. A comparison site, Kamaze, adds that cash deposits are not yet possible, so money comes in by transfer.

The plans compared

One Zero has three personal plans. The figures below come from the bank's own blog post of 9 December 2025 and its English plans page.

A few points to know:

• The waiver. For One and One+, the blog says the monthly fee is not charged if a fixed monthly amount reaches the account: your salary, one transfer or several transfers, totalling at least ₪5,000 (One) or ₪10,000 (One+).
• Trial period. The English plans page mentions two complimentary months for One, while the December 2025 blog mentions a free trial of up to three months, with the required transfers starting from the fourth month. Check the length that applies when you join.
• Prices can differ by page. When we checked, the English plans page showed One+ at ₪119 a month (₪139 for a joint account), higher than the ₪89 in the bank's Hebrew blog. Confirm the price in the app before you choose a plan.

Using One Zero abroad

The main reason many people look at One and One+ is foreign currency. The bank's English page for the One plan lists an exemption from foreign-exchange fees on conversion, transfers and card purchases. Its December 2025 blog post adds one exception: cash withdrawals in foreign currency with the card are not part of the 0% benefit.

So for card payments abroad and foreign-currency transfers, the paid plans can work much like a travel card. If you mostly need cash abroad, check the fee for withdrawals in the app first. The Zero plan does not include this exemption; check the bank's fee schedule for the exact rates.

Trading in One+

The investing side has changed several times:

• In December 2024, One Zero launched One+ without a subscription fee for customers paying in ₪10,000 a month, with 0% FX conversion and 10 securities trades a month included (reported by Globes).
• In December 2025, the bank let new One+ customers use these benefits in their first year without the monthly transfer; from the second year the ₪10,000 condition applies (reported by ICE).

The bank's blog notes that third-party costs are not included in the free trades. Trading carries risk, and fees outside the monthly package vary, so check the current terms in the app.

Is One Zero a good fit?

One Zero may suit you if you live in Israel, are comfortable banking only through an app, and either keep costs low on Zero or pay in enough each month to get One or One+ without a fee. It is less suitable if you have US citizenship or a foreign tax residency, need to deposit cash, or need a business account for a company.

Before you move your salary, compare the fee waivers with your current bank's package, and read is my money safe in a neo bank? for how deposit protection differs between countries. Our guide to choosing a neo bank has a short checklist.

See One Zero's full profile or the comparison table.

Sources

• ONE ZERO – Plans (English)
• ONE ZERO – The One plan (English)
• ONE ZERO blog – One+ without a subscription fee, 9 December 2025 (Hebrew)
• ONE ZERO app – App Store listing (Hebrew)
• Bank of Israel – Completion of the establishment of the digital bank
• Globes – One Zero offers forex, securities commissions exemption
• ICE – One Zero extends its One+ trading benefit, 10 December 2025 (Hebrew)
• Kamaze – ONE ZERO bank plans and opening an account (Hebrew)

Prices and features checked on 2026-10-28.

This guide is general information, not financial advice. Fees, features and availability change, so check the provider's own website before you apply. Read how we compare providers and our affiliate disclosure.