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MASAV

Hybrid

Bank Settlement Center - Israel's ACH and instant payment system. Processes batch clearing (salaries, direct debits, bill payments) AND the Faster Payments service (credit transfers settled in 5-7 seconds, 24/7). Operated by MASAV under Bank of Israel supervision. ISO 20022 migration underway.

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether MASAV is running normally.

Next

Dated items ClearingPost holds, each with its source and whether the date is confirmed

No supported upcoming items in ClearingPost's records for MASAV.

ClearingPost holds sourced upcoming items for 10 of 150 systems; an empty list is a statement about ClearingPost's records, not about a system's plans.

Changed

Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

No substantive change recorded for MASAV in ClearingPost's change records.

The full activity log for this system, including context notes, is on the Changes page.

Sources ClearingPost reads Bank of Israel · Authoritative (T1) · 5 of 14 fields carry a source and a recorded date · latest sourced entry recorded 16 Apr 2026 · evidence details ↓

Record · MASAV

Country
Israel (IL)
Currency
Israeli New Shekel (ILS)
Operator
Bank Clearing Center Ltd.
Type
Hybrid
Operating Window
24/7/365
Year Established
1982
Tier?
Tier 2
ISO 20022?
Migrated
Region
Middle East & Africa
Settlement Type?
Hybrid
Participants
15 banks (direct)
Avg Daily Transactions
~18,600 (FP only, 2023)
Avg Daily Value
~NIS 71M (FP only, 2023)
Availability
24/7/365 (instant) / Business days (batch)
Notes

MASAV serves dual function: traditional ACH (batch, business days) and instant payments (24/7, 5-7 second settlement). Expanding from P2P to merchant and government payments. Israel also operates Shva - the national card switch for debit/credit card clearing. Settlement of all systems via ZAHAV (RTGS).

Reference Sources
Bank of Israel
Authoritative (T1)Entry recorded Mar 15, 2026

Operations · MASAV

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.

Intelligence for MASAV (1)

Coverage whose headline or summary names MASAV, or names its operator or country together with its system type. Each item quotes that evidence and says whether the source is the MASAV operator or external.