Comparison
Bank app or a licensed independent app: the difference and when to add one
In short
A bank app shows the accounts your bank manages and lets you act on them. A licensed independent app such as Shavve shows several institutions in one place, read-only and with your consent. You do not have to choose: keep the bank app for actions and add an overall picture.
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The comparison in a table
| Bank app | Shavve (a licensed independent app) | |
|---|---|---|
| What it shows | The accounts and products your bank manages. What it shows from other institutions, if anything: check with the bank | Banks, credit cards, pensions and provident funds, insurance (including Har HaBituach), investments and crypto |
| Actions | Per the bank's app, usually including actions on the account | Read-only: Shavve cannot move money |
| How data gets in | It is already at the bank | In open banking you identify yourself to the bank and approve read-only sharing, with the option to cancel |
| Pensions and insurance | Not published here. Check with the bank | Pensions and provident funds, and insurance including Har HaBituach |
| Supervision | Banks are supervised by the Bank of Israel | A financial-information-service licence, supervised by the Israeli Securities Authority |
| Price | Not published here. Check with the bank | A 30-day free trial for connecting banks and credit cards, including budgets and a shared household. Prices are shown in the app before any purchase |
| Platforms | Per the bank | iOS and Android apps |
Shavve operates one of the apps compared. The comparison rests on what the sites publish, not on an independent test of how they work.
When to choose them
- You need to act on an account: transfers, payments, standing orders. That happens in the bank's app.
- You have an account at one bank only and just need to look at it.
- You prefer not to share information with another party.
- Your bank shows everything you need in one picture.
When to choose Shavve
- You have accounts at several banks or several credit cards and want one picture.
- You also want to see pensions, insurance and investments read-only.
- You want a budget, net worth and a fee comparison in one place.
- You want access to be read-only and cancellable at any time.
Frequently asked questions
Does an independent app replace my bank app?
No. An app such as Shavve shows data read-only and cannot move money, so you keep doing actions in the bank's app.
Do I have to give an independent app my bank password?
In open banking you identify yourself to the bank itself and approve sharing. An app that asks for a bank password should raise a red flag. See "Open banking, simply" for details.
How do I know an app is licensed?
Check the official list of financial-information providers on the Israel Securities Authority's site, not only the app's own site. See the guide to licensed apps for details.
Can I cancel the sharing?
Yes. In open banking the consent can be cancelled, at the app and at the bank. It is worth checking this before you connect.
Sources
- בנק ישראל · 25 October 2026
- רשות ניירות ערך · 25 October 2026
The links go to each company's public pages, as read on 25 October 2026. Anything not stated there is written "not published", which does not establish that it does not exist. Prices and features change, so check the sites again.
Keep reading
Open Banking, Explained Simply: What It Allows, What It Doesn't, and How to Revoke
What Israel's open-banking framework lets you do, how consent works, what a financial information service can and cannot see, and how to revoke access at any time.
Open Banking in Israel: Which Apps Are Licensed and How to Check
What a financial-information-service licence is, how to check that an app is licensed, what it can and cannot do, and how to revoke permission, with red flags and clear steps.
Money Management Apps in Israel: How to Choose and What to Compare
How to choose an app that brings your money and pension together: criteria, and a comparison of Shavve, Finto and Moneytor based on what their own sites state, with unverified points marked.
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Connect once. Understand everything.
A bank app shows the accounts your bank manages and lets you act on them. A licensed independent app such as Shavve shows several institutions in one place, read-only and with your consent. You do not have to choose: keep the bank app for actions and add an overall picture.
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