In short: this page collects every class-action decision we found against Bank Mizrahi Tefahot and Bank Igud: approved settlements, judgments, and decisions certifying a claim as a class action. According to the bank’s Q1 2025 financial statements, 16 material motions to certify class actions were pending against it and its subsidiaries (Note 10).
Three kinds of decision, three meanings
- Approved settlement: the court approved an agreement between the bank and the applicants. It binds every member of the defined class. The bank usually does not admit wrongdoing.
- Judgment: the court decided the dispute on its merits.
- Certification: the court allowed the claim to proceed on behalf of a class. The claim itself is undecided, and the bank may appeal.
How to know whether you are in the class
Each decision defines a “class”: which customers, which period, which product (fee, loan, account). Read the definition on each decision’s page. In many settlements refunds are credited automatically; in others the compensation goes to the Class Action Fund rather than to customers. If you believe you were owed a refund and did not receive one, write to the bank and keep the reply.
All decisions
Interest on current account balances: class action certified against Mizrahi Tefahot, Leumi, Discount and First International
Judge Shmuel Bornstein certified a class action against four banks, including Mizrahi Tefahot, over the non-payment of interest on credit balances in current accounts, on the cause of action of unjust enrichment. The …
- Court
- Central District Court (Lod)
- Topic
- account management and deposits
Early repayment fee on a multi-track mortgage: Mizrahi Tefahot will pay NIS 5.5 million in a settlement
The court approved a settlement under which Mizrahi Tefahot will pay NIS 5.5 million to the Class Actions Fund and improve disclosure to customers on the calculation of early repayment fees on multi-track mortgages.
- Court
- Tel Aviv-Jaffa District Court
- Amount
- 5,500,000 NIS
- Topic
- mortgages and housing loans
Class Action 28695-05-16 Shefagat: Mizrahi Tefahot will pay NIS 17,855,040 over small business classification
The court approved a settlement in a class action alleging that the bank classified corporations entitled to "small business" status as a "large business" and overcharged them fees. Under the agreement, the bank will pay …
- Court
- Tel Aviv-Jaffa District Court
- Amount
- 17,855,040 NIS
- Topic
- fees
Class Action 18101-09-20 Smooha: Mizrahi Tefahot will pay NIS 1 million in compensation over correspondent bank fees
The court approved a settlement under which Mizrahi Tefahot will compensate eligible customers with NIS 1,000,000 for failing to disclose in advance correspondent bank expenses on foreign currency transfers.
- Court
- Central District Court (Lod)
- Amount
- 1,000,000 NIS
- Topic
- foreign currency and transfers abroad
Class Action 56373-06-21 Beck and Tevel: Mizrahi Tefahot will refund fees for duplicate lawyers' warning letters
The court approved a settlement under which the bank will refund 90% of the fee difference it charged for duplicate series of lawyers' warning letters; according to the bank's affidavit, the refund stood at NIS 2,226,900 …
- Court
- Central District Court (Lod)
- Amount
- 2,226,900 NIS
- Topic
- execution and debt collection
Class Action 10099-05-20 Lapiner: Mizrahi Tefahot will refund at least NIS 2.7 million in currency exchange fees
The court approved a settlement under which the bank will refund customers differences in the currency exchange fee charged on foreign currency purchases online and through the staffed call center without the benefit set …
- Court
- Central District Court (Lod)
- Amount
- 2,700,000 NIS
- Topic
- foreign currency and transfers abroad
Class Action 2959-01-19 Keren Aviv: Mizrahi Tefahot ordered to pay NIS 82.4 million over a warning notice fee
The court ordered the bank to pay the class members total compensation of NIS 82,414,646 plus differentials, for unlawfully charging a warning notice fee.
- Court
- Central District Court (Lod)
- Amount
- 82,414,646 NIS
- Topic
- fees
Class Action 39049-04-21 Cyberlogic: Mizrahi Tefahot will refund securities redemption fees
The court approved a settlement under which the bank will refund customers part of the difference in the securities redemption fee charged at the teller rate instead of the direct channel rate; the bank estimated the …
- Court
- Central District Court (Lod)
- Amount
- 1,125,500 NIS
- Topic
- fees
Class Action 30742-08-18 Tidan: Mizrahi Tefahot will credit businesses for quarterly management fees
The court approved a settlement under which the bank will credit "large business" customers with the proportional part of quarterly management fees charged in advance after an account was closed; the scope of the refund …
- Court
- Tel Aviv Magistrates' Court
- Amount
- 729,815 NIS
- Topic
- fees
Class Action 22486-04-20 Cyberlogic: class action certified against Mizrahi Tefahot over the SWIFT fee
Judge Doron Hasdai certified a class action against three banks, including Mizrahi Tefahot, on the claim that they charged large businesses a SWIFT fee in addition to the transfer fee on foreign currency transfers. The …
- Court
- Tel Aviv-Jaffa District Court
- Topic
- foreign currency and transfers abroad
Class action 21654-12-18 Gutman v. Mizrahi Tefahot: class action over clearing expenses on foreign securities refused (2023)
The court refused to certify class actions against Mizrahi Tefahot and Bank Igud alleging that customers trading foreign securities were charged custodian clearing expenses above the actual cost. The applicants were …
- Court
- Central District Court (Lod), Judge Shmuel Bornstein
- Topic
- fees
Class Action 41639-12-17 Shif: Mizrahi Tefahot will refund NIS 26.2 million to variable-rate mortgage borrowers
The court approved a settlement under which the bank will refund borrowers 22.5% of the interest differences resulting from the activation of an "emergency protection mechanism" on bond-anchored mortgages (estimated …
- Court
- Central District Court (Lod)
- Amount
- 26,200,000 NIS
- Topic
- mortgages and housing loans
Class Action 24372-08-19 Yuval Amir: Mizrahi Tefahot's blanket refusal to deposit crypto funds was not reasonable
The court found that the bank's policy of blanket refusal to deposit funds from the sale of digital currency was not reasonable, but rejected certification as a class action; the bank was ordered to pay an award of NIS …
- Court
- Tel Aviv-Jaffa District Court
- Topic
- account management and deposits
Leave to Appeal (Civil) 8674/19 Shefagat: Supreme Court orders Mizrahi Tefahot and Igud to provide data on "small business" classification
The Supreme Court granted motions for leave to appeal filed by class action applicants, ordered Mizrahi Tefahot to provide data on the rate of businesses classified as a "small business" and Bank Igud to provide "know …
- Court
- Supreme Court
- Amount
- 15,000 NIS
- Topic
- fees
Class Action 2959-01-19 Keren Aviv: court holds Mizrahi Tefahot unlawfully charged a warning notice fee
The court allowed the class action and held that the bank unlawfully charged a fee for a first notice of an arrear or an excess balance, although its fee schedule allowed charging only from the second notice.
- Court
- Central District Court (Lod)
- Topic
- fees
Class Action 35618-05-11 Dimri: Mizrahi Tefahot will align inflated debt balances in execution files
The court approved a settlement under which the bank will align inflated debt balances in execution files with the balance in the bank's books and compensate debtors whose files were closed, due to late reporting of …
- Court
- Central District Court (Lod)
- Topic
- execution and debt collection
Class Action 8929-08-11 Hagma: Mizrahi Tefahot will refund legal expenses charged without court approval
The court approved a settlement under which the bank will refund customers against whom collection proceedings were taken an average amount to be set by sampling, for legal expenses not approved by a court and interest …
- Court
- Central District Court (Lod)
- Topic
- execution and debt collection
Bank guarantee issuance fee: class action certified against Mizrahi Tefahot
According to the bank's annual report, the court certified a class action against the bank on one fee, the fee for issuing a bank guarantee to individuals and small businesses, and rejected the motion regarding the other …
- Court
- Central District Court
- Topic
- fees
Early repayment fee on a "supplementary loan": Mizrahi Tefahot will refund overcharged fees
The court approved a settlement under which the bank will automatically refund early repayment fees overcharged due to a computer error, and will refund upon request fees overcharged on a "supplementary loan" given …
- Court
- Not stated in the sources (a district court)
- Topic
- mortgages and housing loans
Excess tax withheld at source: settlement in a class action against Mizrahi Tefahot and other banks
According to the bank's annual report, in April 2013 the court approved a settlement and gave it the force of a judgment, in a class action alleging that the banks withheld excess tax at source from interest and …
- Court
- Tel Aviv District Court
- Topic
- fees
Zimmerman v. Mizrahi Tefahot: class action certified over the minimum fee on a securities deposit
The court allowed a class action in the scope of tens of millions of shekels to be brought against the bank, and held that the bank's interpretation of the fee schedule regarding the minimum securities deposit management …
- Court
- Tel Aviv District Court
- Topic
- fees
FAQ
Does a certified class action mean the bank lost? No. Certification is a preliminary stage. A ruling on the merits comes later, unless a settlement is reached.
Can I opt out? Class members are usually given a deadline, stated in the public notice, to opt out of a settlement. The bank publishes these notices.
Where is the full text? Each decision’s page links to its source. Where there is no open link, search by case number in the Israeli courts database.