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So OUT checkbook, smartphone IN, is more or less the good news of the Bank of Israel. The Bank of Israel plans to allow each bank’s customer to transfer checks to different times through the use of digital devices such as mobile phones and computers, with the intention of saving the use of a checkbook that also costs money, and of course also due to the importance of preserving the environment. It will significantly reduce the use of paper. We will probably no longer need to physically meet a person in order to hand him the check.