News

Moving to Ice­land and need a bank account?

Creating a bank account is not complicated, even if you’re new to Iceland. To become a customer of an Icelandic bank, you first need an Icelandic identification number - kennitala. If you do not have an Id.No., your first step is to apply for one with Registers Iceland. The website of Registers Iceland, skra.is, has all information about how to apply.
Mosfellsbær
14 September 2020 - Landsbankinn

Once you’ve gotten your Id.No., there are two ways to open a bank account.

1. With electronic ID. If you have electronic ID, you can download Landsbankinn’s app and become a customer. When you become a customer, you can also open an account, apply for a debit card, and open a savings account or purchase securities.

In exceptional cases, electronic ID is not enough to open a bank account. If you are having trouble, please don’t hesitate to contact us, for example by email to landsbankinn@landsbankinn.is.

2. By making an appointment to visit us. If you do not have electronic ID, you can make an appointment to visit us at a branch of your choosing and we will help you to get electronic ID for your phone. Electronic ID simplifies access to various social services and we recommend that all customers get it. To get electronic ID, you need to have an Icelandic Id.No. and your phone’s SIM card needs to support electronic ID.

If you can't or do not want to use electronic ID, we would be happy to have you make an appointment at a nearby branch to become a customer.

All main bank services on your phone

The app and online banking, which you can set to either Icelandic, English and Polish, allows you to apply for credit cards, view your balance, freeze cards and retrieve card information.

We are always there for you

The Bank’s Customer Service Centre is open weekdays between 9:00 and 16:00. Our advisors in the Customer Service Centre can provide details about the Bank’s products and services. You can call us at +354 410 4000, email us at landsbankinn@landsbankinn.is or chat online on landsbankinn.is. You can tend to bank business in the app and online banking anytime, anywhere.

You are also welcome to make an appointment with us, either over the phone or at one of our branches. We are there to help when you need advice or assistance.

ATMs and branches throughout Iceland

Landsbankinn operates ATMs in over 60 locations throughout Iceland. The ATMs can be set to Icelandic, English or Polish. You can see the locations of ATMs on our website and in the app. The Bank also operates branches and outlets in 36 locations in Iceland. Feel free to email any queries or comments to our Customer Service Centre at landsbankinn@landsbankinn.is, by using the “Contact us” form or chat online.

Get a raise with private pension savings

If you are entering the Icelandic job market, we recommend that you sign a contract for private pension savings. If you pay 2-4% of wages toward a private pension, your employer contributes another 2% of wages - a de facto wage increase you wouldn’t get otherwise. Private pension savings can be utilised tax-free to save up to purchase housing or make down payment on a housing loan, provided certain conditions are met.

Contactless payments

Debit and credit cards can be linked to your phone and other smart devices and used to pay for products and services. It is easy to register a card to Apple Pay through either the Landsbankinn app or Apple Wallet. For Androids, download the card app Kort from Google Play Store and register your card. You can also use Garmin Pay or Fitbit Pay, as you like.

Loans and limits

Loans available to new customers are based, among other factors, on the customer’s business history. As a rule, customers are required to have a 2-year history with the Bank before being eligible for large loans. For more information, make an appointment to speak to an advisor.

Aukakrónur – effective benefit system

We recommend that you link your credit card to Aukakrónur. Whenever you use your credit card, you accrue Aukakrónur, between 0.2% to 0.5% on all domestic turnover, in addition to receiving discounts with our Aukakrónur partners.

Banking service for children and youths

We offer various banking services to children and young people and encourage you to take a look at our products. Sprotar is a service designed to appeal to children aged 0-8 years, Klassi is for youths aged 9-15 years, and Náman is for young people aged 16-24 years.

You may also be interested in
7 Jan. 2022

Íslenski lífeyrissjóðurinn publishes detailed information on the sustainability of investments

The pension fund Íslenski lífeyrissjóðurinn has published information on the sustainability platform of companies and funds the pension fund invests in. The pension fund also published information about GHG emissions from its domestic investment portfolio. This is the first time an Icelandic pension fund releases such detailed information about the sustainability of its investments.
New temp image
5 Jan. 2022

Sigríður Guðmundsdóttir new HR Manager at Landsbankinn

Sigríður Guðmundsdóttir has been hired as Landsbankinn’s HR Manager.
Kona
22 Dec. 2021

We find solutions

We are here to help find solutions. Banking service and financial advice is available over the phone or remote meetings, through email or web chat on landsbankinn.is. Due to restrictions on gatherings, branch visits will be by appointment only as of 23 December.
New temp image
21 Dec. 2021

Three new managers at Landsbankinn

Landsbankinn has hired three new managers in Risk Management, Asset Management & Capital Markets and the Marketing department.
New temp image
6 Dec. 2021

Landsbankinn Corporate Finance advises Reginn on real estate development transaction

Reginn hf. and Hagar hf. concluded a subscription agreement on 3 December 2021, providing for subscriptions to shares in real estate developer Klasi ehf. Reginn will own a third of shares in Klasi and pay for its shares with an asset portfolio comprised of assets for sale and property for development.
New temp image
24 Nov. 2021

Landsbankinn changes interest rates

Variable interest rates on non-indexed housing mortgages increase by 0.35 percentage points (pp). Fixed rates on non-indexed 36-month housing mortgages increase by 0.30 pp and fixed rates on non-indexed 60-month housing mortgages by 0.25 pp. Interest rates on inflation-indexed housing mortgages, both variable and fixed, are unchanged.
New temp image
24 Nov. 2021

New Head of Landsbankinn Asset Management

Búi Örlygsson has taken up the position of Head of Asset Management at Landsbankinn. Búi has 21 years of experience of asset management and has worked for Landsbankinn since the year 2000. Asset Management falls under the Bank’s Asset Management & Capital Markets division.
New temp image
9 Nov. 2021

Verification system for card use – changes to Visa website

Please note that minor changes are set to be made to the website that appears when Visa cardholders are asked to confirm online purchase with code. The changes will apply as of Wednesday, 10 November 2021.
9 Nov. 2021

Exhibition of abstract art in Austurstræti 11

Landsbankinn has opened an exhibition of 20 abstract works from its collection in its Austurstræti 11 branch. The exhibition will be open during the branch's opening hours.
3 Nov. 2021

We’re opening a sandbox to develop new solutions

A new Act on Payment Services has entered into effect. In response, we have opened a sandbox that allows fintechs and other companies in the sector to develop fintech solutions that link to the Bank’s systems.
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