As of August 15th 2013, travelers’ checks may not be purchased at the postal bank.
Foreign currency (banknotes) may be purchased in cash or by credit card (Isracard or American Express) The maximum purchase by credit cards is 2000$ or equivalent.
When purchasing foreign currency using a credit card an added fee is charged by the credit card company. The card is debited immediately.
Please note that the banknotes that are sold at the post office undergo a double inspection in order to ensure that they are not counterfeit before they are sold to the public.
At the post office branches you can convert travelers’ checks in the following currency only into shekels:
United States dollar, euro, Canadian dollar and Japanese yen
A list of companies issuing travelers’ checks bought from the public at post office branches:
Visa, MasterCard-Thomas Cook, American Express, City Corp
travelers’ checks may be converted into NIS at all postal bank's branches