The IBAN system enables the immediate transfer of money in shekels between banks in Israel, within up to two hours from the moment the request is accepted. The IBAN number is an international code used to identify clients. The IBAN number consists of 23 characters including the number of the bank, the branch, the client's bank account number, the country code and the check number. You can make an IBAN transfer with the help of a banker at your bank account's branch for the cost of 6 NIS.