News

Use bank­ing services for mobiles and the In­ter­net

In most cases, there is no need to visit a bank branch to utilise banking services as most main transactions and various services can be accessed using mobile phones or a computer. This is a summary of services that do not require bank visits or human contact.
16 March 2020 - Landsbankinn

All main actions can be carried out via the app and online banking. If you need assistance or financial advice, please call Landsbankinn’s Customer Service Centre at +354 410 4000 or email landsbankinn@landsbankinn.is. The web messenger can also be a useful contact channel and is located in the bottom right corner of the Bank’s website. The web messenger is available between 9-17:00 on banking days and the Customer Service Centre is open to 16:00.

The Icelandic Medical Director of Health has asked the population to utilise contactless payment solutions while the COVID-19 outbreak persists. We recommend that customers use their mobiles or smartwatches rather than contactless payment cards, as this is safer and more convenient. The contactless function on payment cards caps individual transactions at ISK 5000 while no maximum restrictions apply to payments using mobiles and watches. Payment can be made with Apple Pay, Landsbankinn’s card app (for Androids), Garmin Pay or Fitbit Pay.

If you have Landsbankinn’s app you do not need the plastic card to pay for transactions online. The app contains the card number, validity period and the CVC number. It is easy and safe to copy and paste such information into online payment forms.

Applying for a payment card in Landsbankinn’s app is quickly done. The payment card information can subsequently be transferred directly to the app that utilises it (Apple Pay, the card app, Garmin or Fitbit) and start making contactless payments.

Did you get a gift card for Christmas? You can register Landsbankinn gift cards in Apple Pay, the card app, Garmin Pay or Fitbit Pay and use it to make contactless payment anytime and anywhere.

International transfers can be made simply in the app and online banking. Online banking also allows you to create savings accounts, order regular savings and trade in equities and in funds.

It is easy to pay all bills both via the app and online banking. It can also be convenient to register monthly bills for direct debit, ensuring that they are paid automatically on the due date.

If you require extra funds to bridge the gap caused by unexpected expenses, you can apply for an Aukaklán loan in the app and smooth repayment across up to 5 years. The funds are deposited to your account or credited to your credit card immediately.

The app allows you to change your overdraft limit or initiate a gradual lowering of the overdraft, or increase the authorisation on a credit card. If you need to smooth credit card bills across multiple repayment dates, this can be done simply and quickly through Landsbankinn online banking.

If new housing is in the cards, housing loans can be applied for online. You complete a credit assessment on Landsbankinn’s website and then apply for a loan using an automated process. Once that is done, a Bank advisor will call you.

Vehicle loans can be applied for with a car dealership using an electronic signature or by contacting the Customer Service Centre. If the loan amount exceeds ISK 2.2 million for an individual or ISK 4.4 million for married couples/common-law spouses, an electronic credit assessment can be downloaded from landsbankinn.is in a matter of minutes.

If you believe you might not be able to make payment on your bills, it is always best to contact the Bank sooner rather than later. Landsbankinn can offer various solutions. Advice on a myriad of financial issues can be obtained by calling the Customer Service Centre, chatting via web messenger or emailing.

Not a Landsbankinn customer? Simply download the Landsbankinn app and use electronic ID to become a customer.

You may also be interested in
New temp image
20 Sept. 2021

Icelandic Economic Weekly: 20 September 2021

The general government deficit was 8.6% of GDP in 2020 and 11.1% of GDP in Q2 2021.
New temp image
16 Sept. 2021

Landsbankinn in Þórshöfn moves

Landsbankinn’s outlet in Þórshöfn has moved to Kjörbúðin’s facilities at Langanesvegur 2. The Bank’s services and opening hours remain unchanged and the ATM is accessible during Kjörbúðin’s opening hours.
New temp image
13 Sept. 2021

Icelandic Economic Weekly: 13 September 2021

A total of 150,000 foreign passengers departed via Keflavík airport in August.
New temp image
6 Sept. 2021

Icelandic Economic Weekly: 6 September 2021

The Icelandic economy grew by 7.3% in Q2 compared with the same period in 2020.
Peningaseðlar
3 Sept. 2021

The Icelandic króna depreciated in August

The Icelandic króna depreciated against the currencies of our main trading partners in August. At the end of the month, the euro stood at ISK 149.6, compared to ISK 146.9 at the end of July. The CBI intervened two days in August, selling euros both days.
New temp image
1 Sept. 2021

New legislation on financial instruments - you may need to take action

New laws on financial instruments enter into effect on 1 September 2021. The changes require action from legal entities and natural persons, who are not Icelandic nationals or who hold multiple citizenships and intend to trade in financial instruments.
New temp image
1 Sept. 2021

Some RSA tokens expire

Customers whose tokens have expired may experience difficulties executing payment. If you get an error message when attempting to confirm a payment with your RSA token, it is likely that the token has expired.
New temp image
31 August 2021

Landsbankinn changes interest rates - fixed rates on housing mortgages unchanged

Variable interest rates on non-indexed housing mortgages increase by 0.20 percentage points (pp). Fixed rates on non-indexed housing mortgages are unchanged. Interest rates on inflation-indexed housing mortgages, both variable and fixed, are also unchanged.
New temp image
30 August 2021

Icelandic Economic Weekly: 30 August 2021

The MPC raised policy rates by 0.25 percentage points last week.
New temp image
23 August 2021

Icelandic Economic Weekly: 23 August 2021

We expect the MPC to hold policy rates unchanged on Wednesday.
Cookies

By clicking "Allow All", you agree to the use of cookies to enhance website functionality, analyse website usage and assist with marketing.

More on cookies