Open an Israeli Bank Account
All students coming to Technion are required to open an Israeli bank account. This enables the Technion’s student accounts department to charge you for tuition (undergraduate students), dorm rent, electricity, water and internet according to your accurate consumption directly from your bank account.
If you or the person responsible for your dorm payments already has an Israeli bank account, you will not need to open a new one.
Student Tuition and campus fees payment
The tuition for Technion International undergraduate programs will be collected by the Technion Student Accounts Department, directly out of each student’s Israeli bank account in NIS.
The annual tuition is $15,000 US dollars; That does not include the additional campus fee of US$271 (NIS 1,090).
Tuition is to be paid in four installments:
|Date||Tuition||Campus fees||Total Payment|
|September 14th||$3,250||$180 (for summer and winter semester)||$3,430|
|April 14th||$3,750||$91 (for spring semester)||$3,841|
*** This amount does not include dorm rent and utilities (electricity, water and internet, based on consumption), which will be paid on a monthly basis.
*** Additional charges may be incurred.
Two weeks prior to the date of payment, you will receive an email from Students Accounts Department containing the details of the required payment and the student’s bank details. Every student must have the required amount in his or her bank account in NIS.
It is your responsibility to make sure you have at least NIS 1,000 in your Israeli bank account at all times to avoid fines.
Students are welcome to contact Technion Students Accounts Department or the student affairs coordinator at Technion International with any question or problem that may arise.
All student must fill out the following forms:
- Tuition and other fees declaration for Technion International students
- Promissory note
- Authorization to debit a bank account
- Authorization contract for residence in the student dormitories
During the first week at the Technion, all freshmen students will open an Israeli bank account and will then sign all the forms mentioned above, as well as the promissory note, in front of Technion legal advisors. The meeting will be coordinated by Technion International.
All the forms must be submitted together to the Technion Student Accounts Department.