Tariff changes

3 March 2022

On 2 May 2022, changes will be made to Landsbankinn’s price tariff, mainly on items that relate to cash transactions. The most significant changes apply to individuals and legal entities who do not own accounts or trade with us.

Individuals who own accounts with the Bank pay no fee on cash deposits, either in ATMs or with tellers. No fee is charged when our customers withdraw cash in ATMs.

Legal entities who trade through Landsbankinn and deposit cash through other channels than ATMs pay no fee. Where no deposit ATM is available, no fee will be charged provided the cash is deposited in the appropriate cash deposit pouches.

Individuals and legal entities who do not own accounts or trade with the Bank will incur a charge for cash deposits and withdrawals.

Various current tariff items increase and new items are added with these changes. The changes are intended to better reflect the cost of the Bank’s cash services. More information about fees and charges on cash transactions is provided in Chapter 16 of the price tariff, published on our website.

We encourage customers to use self-service solutions to minimise or avoid incurring charges.

The changes take effect on 2 May.

Fees

Changes to confirmation of partial payment to credit cards

We’ve made changes to the confirmation of partial payment to credit cards. The changes are part of action we’re taking to increase security in the payment confirmation process and involve replacing security numbers with strong customer authentication (SCA).

2 Dec. 2022

Landsbankinn Corporate Finance managed sale process and advised on sale of Freyja

The owners of candy producer Freyja and Langisjór ehf. have concluded an agreement on the purchase by Langisjór of K-102 ehf., which wholly-owns the subsidiary Freyja, as well as real estate connected to the operation. The sale was concluded subject to approval by the Icelandic Competition Authority. Landsbankinn Corporate Finance managed the sale process of K-102 ehf. and acted as advisor to the seller.

30 Nov. 2022

Key information about pension savings

In Iceland, all wage earners aged 16 to 70 are obligated to pay a percentage of their wages toward mandatory pension savings.

16 Nov. 2022

Aukakrónur now on your phone

You can now use your phone to pay with Aukakrónur! Simply add your Aukakrónur card to Google Wallet or Apple Wallet through Landsbankinn’s app and select Aukakrónur when you pay for goods and services with one of our 200 partners throughout Iceland.

11 Nov. 2022

Viggó Ásgeirsson to Landsbankinn

Viggó Ásgeirsson, Managing Director and one of the founders of Meniga, has been hired as Head of Business Development in Landsbankinn’s Personal Banking division.

11 Nov. 2022

Landsbankinn Corporate Finance to manage listing of Blue Lagoon

Blue Lagoon has engaged Landsbankinn Corporate Finance and Fossar Investment Bank to advise on the process for the company’s listing on Nasdaq Iceland. The company is aiming go public next year subject to market conditions.

11 Nov. 2022

Guðrún and Hildur new department heads at Landsbankinn

Guðrún S. Ólafsdóttir and Hildur Sveinsdóttir have accepted new positions as department heads in Landsbankinn’s Personal Banking division. Both women possess a great deal of experience of work in financial markets.

9 Nov. 2022

Changes to fixed rates on new housing mortgages

Fixed rates on new non-indexed 36-month housing mortgages increase by 0.15 percentage points (pp) and fixed rates on new non-indexed 60-month housing mortgages by 0.25 pp. Fixed rates on new 60-month inflation-indexed housing mortgages increase by 0.20 pp. The changes enter into effect as at 10 November 2022.

4 Nov. 2022

Investment company Kaldbakur purchases the Landsbankinn building in Akureyri

Landsbankinn has accepted the offer of Akureyri-based investment company Kaldbakur for its building, commonly known as Landsbankahúsið, at Ráðhústorgið in Akureyri. Seven offers were received and Kaldbakur made the highest bid. The purchase price is ISK 685 million. Landsbankinn will operate out of the building until it relocates.

4 Nov. 2022

Landsbankinn makes a donation to Bergið headspace in the name of Exceptional Companies

As in previous years, Landsbankinn has made a donation to a good cause in the name of all Exceptional Companies recognised by Creditinfo. This year, the donation of ISK 4 million, went to Bergið headspace.