Israel
ONE ZERO
Israel’s first new bank in decades. Bank of Israel licence. Digital private banking.
7.0Solid
activeFeaturedNeobank
- HQ
- Tel Aviv
- Fee
- Digital private-banking packs — confirm live in-app
Pepper
Bank Leumi’s digital account. Not a separate bank licence. Israel residents, age 16.
Legal entity: Bank Leumi le-Israel Ltd (PEPPER is a digital account / platform of the Leumi group)
Rate this app
7.4Solid
AlternativesFive questions
At a glance
Is it a bank?
Yes — Digital bank account of Bank Leumi le-Israel Ltd — not a separate charter (Bank of Israel (via Bank Leumi)). Still read the entity on the statement.
If it fails?
PEPPER is a digital bank account of Bank Leumi (official Hebrew copy). Eligible deposits sit at Bank Leumi le-Israel Ltd, a licensed Israeli bank. Not a standalone deposit-taker. This file does not invent a shekel cap Pepper’s homepage did not print.
Salary?
A Leumi current account can take an Israeli salary. Confirm the number you are issued in Pepper.
Open from abroad?
Only Israeli residents can open Pepper (official). Not a non-resident product.
Monthly fee
Zero basic current-account commissions on Pepper’s own page; special operations extra
Account number
No IBAN-class local rail on this file.
NeoBankDBVerdict
Licence first · score second
7.4
/10 · Solid
PEPPER’s own Hebrew homepage says it in one line: a digital bank account of Leumi, the digital banking platform of the Bank Leumi Group. It does not have an independent banking licence. That is the review. ONE ZERO is the independent digital bank. Pepper is the incumbent skin that actually works. Israel residents only. Age 16. Opening is free and in-app: ID card, selfie, a few minutes. Basic current-account operations are free on their copy; special operations and the investment sleeve have a published tariff (including ₪4 / $4 trading lines). Eligible deposits sit at Bank Leumi le-Israel Ltd. Do not call Pepper a new bank.
What it is
Leumi launched Pepper in 2017 as Israel’s first standalone-feeling digital current account. Globes reported at launch that it had no independent licence. 2026 copy still names Leumi. Directories that list Pepper as a charter are wrong.
Best for: Israeli residents who want a zero-basic-fee Leumi current account without a branch.
Last checked 2026-09-02. Not advice.
What it does well
- +Deposits at Bank Leumi, not a fintech ledger
- +Official: Israel residents only
- +Age 16
- +24/7 human service is part of the pitch
What to watch
- −Not an independent bank licence
- −Shared with Leumi for any statutory cap
- −Not for non-residents
- −Investing commissions are a separate tariff
Legal entity, not the app icon
Who is behind it
- Legal name
- Bank Leumi le-Israel Ltd (PEPPER is a digital account / platform of the Leumi group)
- Parent
- Bank Leumi Group
- Offices
- 34 Yehuda Halevy, Tel Aviv-Jaffa (Bank Leumi le-Israel Ltd, Play Store developer address)
The product, not the brand colour
The account
- Platforms
- iOS · Android
- Account types
- Personal current account · investment account
- Partner bank
- Bank Leumi le-Israel Ltd
- Availability
- Israel residents only
- Support
- help@pepper.co.il (Play Store) · in-app
- Remote open
- Only Israeli residents can open Pepper (official). Not a non-resident product.
- Onboarding
- PEPPER app, identity card, selfie with the phone. Entire process in-app. Free to open.
- KYC documents
- Israeli ID card plus in-app selfie.
- Minimum age
- 16 (official: אפשר לפתוח חשבון מגיל 16)
- Salary / payroll
- A Leumi current account can take an Israeli salary. Confirm the number you are issued in Pepper.
- Local rails
- Israeli shekel bank rails via Leumi
How money actually moves
- Who holds the cash
- Bank balance
- How money moves
- In-app ledger
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Bank-grade; still not freeze-proof
- Card
- visa · physical · virtual · Apple Pay · Google Pay
Licence first
Safety
PEPPER is a digital bank account of Bank Leumi (official Hebrew copy). Eligible deposits sit at Bank Leumi le-Israel Ltd, a licensed Israeli bank. Not a standalone deposit-taker. This file does not invent a shekel cap Pepper’s homepage did not print.
Holder / issuer: Bank Leumi le-Israel Ltd
- Bank of Israel (via Bank Leumi)Digital bank account of Bank Leumi le-Israel Ltd — not a separate charter · Israel
Fees
- Monthly
- Zero basic current-account commissions on Pepper’s own page; special operations extra
- FX markup
- Confirm live tariff
- ATM
- Confirm live
Features
- –IBAN
- ✓Fee-free core
- –Multi-currency
- ✓Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- ✓Stocks
- –Business
- –Kids
- –Halal
- Leumi current account in an app
- No basic current-account fees on their copy
- Age 16
- Investing sleeve with published commissions
Before you tap Sign up
How to open
Step 1
Be an Israeli resident
Official: only Israeli residents. Age 16. This is not a tourist account.
Step 2
In-app KYC
ID card, selfie, a few minutes. Opening is free on their copy.
Step 3
Name the bank
Bank Leumi le-Israel Ltd. Pepper is the app. Not ONE ZERO’s charter.
Score
- Safety25%
- 8.4
- Fees20%
- 8.2
- Features15%
- 7.8
- App15%
- 8.4
- Global15%
- 2.8
- Support10%
- 8.0
Change log
Full logLicence
PEPPER is a Bank Leumi digital account, not a separate charter
Official copy: digital bank account of Leumi. Israel residents. Age 16. Zero basic current-account commissions on their page.
Available in
Straight answers
FAQ
01Is Pepper a bank?
Pepper holds a banking-style licence (Bank of Israel (via Bank Leumi)). Still read the legal entity on the statement, not the app icon.
02How is money protected?
PEPPER is a digital bank account of Bank Leumi (official Hebrew copy). Eligible deposits sit at Bank Leumi le-Israel Ltd, a licensed Israeli bank. Not a standalone deposit-taker. This file does not invent a shekel cap Pepper’s homepage did not print.
03Where is Pepper available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with Pepper.
04Card and wallets?
visa · physical · virtual · Apple Pay · Google Pay
05Can I open Pepper remotely?
Only Israeli residents can open Pepper (official). Not a non-resident product.
06What is the legal name behind Pepper?
Bank Leumi le-Israel Ltd (PEPPER is a digital account / platform of the Leumi group). Read the entity on the statement, not the app icon.
07Can I receive salary on Pepper?
A Leumi current account can take an Israeli salary. Confirm the number you are issued in Pepper.
08What documents does Pepper ask for?
Israeli ID card plus in-app selfie.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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