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.