Israeli non-governmental organizations must only transfer money in accordance with the legal regulations.\u00a0 If an Israeli non-governmental organization wishes to transfer money to another account, whether it is another amutah<\/em> account or to someone else, the Israeli non-governmental organization must make this request by fax.\u00a0 It may not do so by telephone.\u00a0 Additionally, the fax must be signed by the two members authorized to sign on behalf of the non-governmental organization.<\/p>\n

Credit Cards and Israeli NGOs<\/h4>\n

Using credit cards prevents the two authorized signatories from signing on behalf of the Israeli non-profit organization, so it limits the proper management of the organization\u2019s funds.\u00a0 Credit cards may be used when it is necessary, for example, when the purchase cannot be made another way.<\/p>\n

It is possible to use a credit card in a few situations:<\/p>\n

1) A special credit card that restricts the amount of one-time or monthly expenses may be used if it is signed by the two signatories of the Israeli non-profit organization.\u00a0 It may be used within the framework of petty cash expenses in accordance with regulations.\u00a0 It should only be used when purchases cannot be made in another way, for example for internet purchases, payments to the Registrar, payments during travel on behalf of the organization, etc.
\n2) A credit card can be used when a specific account is opened particularly for the card, and money is transferred to the account only after the two authorized signatories sign a document indicating the amount of money that is being transferred for the purpose of purchasing the particular item.\u00a0 This specific bank account for the credit card should not retain money in it except for money transferred for particular items, as needed.\u00a0 As in the first point, this should only be used for purchases on the internet, payments to the Registrar, payments made during travel on behalf of the organization, etc.<\/p>\n

Contact Us<\/h4>\n

If you have questions about banks, cash, checks and credit cards for your Israeli non-governmental organization (whether an amutah<\/em> or cheletz<\/em>), please contact us.<\/p>\n

Advocate Joshua Pex specializes in Israeli NGO law and would be happy to discuss the needs of your non-governmental organization with you.<\/p>\n

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This short article briefly addresses issues related to the funds and assets of Israeli non-governmental organizations (Israeli NGOs). This Series of Posts Our law office specialize in a variety of fields, including Israeli NGO law.\u00a0 This article addresses some of what you need to know about non-governmental organizations or charitable organizations (an amutah in singular…<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[185],"tags":[],"class_list":["post-8907","post","type-post","status-publish","format-standard","hentry","category-non-profit-organizations-en"],"acf":[],"yoast_head":"\n