Banking with Added Value. Discount Bank was founded in 1935 by the late Mr. Leon Recanati, and is a part of the Discount Group. The Bank offers comprehensive banking services to its customers in all areas of financial activity, through a network of 114 branches spread throughout Israel and through direct banking services - the Telebank telephone service center, an innovative website and an advanced application. Discount has committed to providing a personal, considerate and professional service experience, based on understanding customer needs and creating clear and innovative solutions. The desire to create value for new and existing customers led to the launching, in early 2013, of the Family Banking Program, which places the family in the center of our business activity, with the goal of being the best bank for families in Israel.