PayBox review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
PayBox is a digital-only Israeli account for teen users and joint account holders, charging a monthly fee of ILS 0 and paying a fixed rate of 1% to 6% on a balance that stays withdrawable. It suits people who want a monthly interest credit and cost-free transfers inside the app.
Key facts
- Best for
- A fee-free Israeli balance for teenagers that pays monthly interest and stays withdrawable.
- Headline rate
- 1% to 6%↗
- Rate type
- Fixed↗
- Access terms
- Money stays liquid and available at any time, no lock-in or deposit; interest is paid to the personal balance on the 15th of each month for the previous month, calculated on balances up to ILS 20,000↗
- Monthly fee
- ₪0↗
- Account kind
- Cash management↗
- Legal entity
- PayBox Ltd↗
- Headquarters
- Israel↗
- Founded
- 2014↗
- Support channels
- Email, Phone, Help-centre↗
- Pricing model
- No monthly fee, Fixed rate
- Official website
- payboxapp.com
Everyday accounts
Money transfer
- Exchange rate markup
- 1%↗
- Delivery time
- Instant in-app; 1 business day to bank account, up to 5 business days to card↗
- Payout methods
- Bank, Wallet, Card↗
- Fee to send 1,000
- ₪0↗
Facts checked September 26, 2026, 7 sources
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- Running the balance costs nothing to budget for: the monthly fee is ILS 0 and the model is no monthly fee and fixed rate.
- Cash can be taken out whenever the holder wants, while a fixed rate keeps the monthly credit steady.
- Payouts run to bank, wallet and card, and money moved between app balances arrives instantly at a transfer fee amount of ILS 0.
- Support covers email, phone and help centre, so help reaches past the app, and a joint account is listed in digital only and joint account.
Cons
- The rate is fixed at 1% to 6%, so market gains leave the credit flat while a variable-rate saver moves with them.
- The account kind is cash management and the audience is teen, so a term product or a branch would need another provider.
Who it suits
- Teenagers in Israel, the teen audience, who want a monthly interest credit alongside a ILS 0 monthly fee.
- Couples and families who want one shared pot, since a joint account sits among the digital only and joint account.
- Anyone who may need their money back quickly, since the balance can be drawn on at any time.
Who should look elsewhere
- PayPal Colombia, if you change currency often, because conversion at PayBox costs 1% plus a 1% markup.
- Plazo ES, if you would rather carry credit at 24.19% than hold cash paying 1% to 6% on a digital balance.
- AXI Card Tarjeta y Credito, if a 21.59% rate on borrowing suits you better than a saving balance.
Rates and terms
PayBox pays a fixed rate of 1% to 6%. The holder can take cash out whenever they want, with no fixed end date, and the monthly interest lands in the account for the month that has ended, worked out on balances up to a capped limit. Such a rate keeps the credit steady without following market rates upward.
Who runs it
PayBox is run by PayBox Ltd, based in Israel and founded in 2014. Support comes through email, phone and help centre, a wider spread than most app-first balances offer. Everything runs in software, so the monthly fee is ILS 0 and the joint account option sits among digital only and joint account. There is no branch to visit, so requests needing a person in person sit elsewhere.
How PayBox compares
8.8 vs 8.6
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8.8 vs 9.0
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8.8 vs 8.0
8.8 vs 9.5
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8.8 vs 9.0
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8.8 vs 8.5
8.8 vs 8.5
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8.8 vs 9.0
Where PayBox is available
- Available
- Israel
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does a PayBox balance cost to run?+
The monthly fee is ILS 0 and the transfer fee amount is ILS 0, so holding the balance and moving money inside the app costs nothing. The site median is €0, and currency work is the one extra.
What interest rate does the balance earn?+
PayBox pays a fixed rate of 1% to 6%. The interest lands in the account for the month that has ended, worked out on balances up to a capped limit, so anything above that ceiling earns nothing further.
Is the money locked away, and is there a minimum deposit?+
There is no lock-in and nothing to place, so the holder can draw the money out at any time. The account kind is cash management, which makes this a balance for everyday money rather than a term product.
How do withdrawals work, and what do they cost?+
Payouts run to bank, wallet and card. A transfer to a bank account can pick up that bank's own customary charge, so the cost of moving money out is not always set by PayBox, while app transfers cost ILS 0.
How quickly does money arrive?+
It depends on the route in bank, wallet and card. Transfers between app balances land instantly and a bank account is the next quickest, while a card is the slowest of the three, so deadlines suit the app or bank route.
What does changing currency cost?+
Conversion is charged at 1% and the exchange rate markup adds 1% on top of the mid-market rate. Together they cost more than a conversion with no markup, so a balance that rarely changes currency pays less than one that moves money across currencies often.
Who is the account built for?+
The stated audience is teen and the features are digital only and joint account. That points to younger users and shared balances handled in an app, with the joint account option covering couples or families who would rather hold one pot than two.
Sources
- en.wikipedia.org/wiki/PayBox checked September 26, 2026
Backs: Founded
“PayBox was founded in 2014 by Tal Greenberg (CEO), Udi Lieberman (VP Marketing), David Rahamim (VP Operations), and Imri Heppner (VP Technologies)”
- payboxapp.com checked September 26, 2026
Backs: Transfer fee
“Using the service is completely free, with no fees, for customers of all banks; however, if you transfer money to a bank account that is charged fees, that transfer will also be charged at the...”
- payboxapp.com/interest checked September 26, 2026
Backs: Access terms, Headline rate, Rate type
“Interest is calculated in each tier up to a maximum balance of ILS 20,000 and is paid on the 15th of each month for the previous month”
- payboxapp.com/plans checked September 26, 2026
Backs: Audience, Features, Currency conversion fee, Exchange rate markup, Fee to send 1,000
“PayBox Young plan: intended for children and youth - a digital wallet allowing payment anywhere, receiving and transferring money and managing savings”
- payboxapp.com/support checked September 26, 2026
Backs: Support channels
“Support@payboxapp.com; telephone centre 9575; complaints centre 03-3825005; help topics and FAQ sections by topic”
- payboxapp.com/tos checked September 26, 2026
Backs: Account kind, Delivery time, Headquarters, Legal entity, Pricing model, Monthly fee
“Managing a PayBox account: your account has a total balance, which is all the money held in your PayBox payment account, divided into sub-balances (initial balance, personal Box, group Box, shared...”
- payboxapp.com/usage checked September 26, 2026
Backs: Payout methods
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term, Minimum deposit, Deposit protection.
Related by the facts
PayBox
A fee-free Israeli balance for teenagers that pays monthly interest and stays withdrawable.