Instructions: Extend overdraft

You can extend the overdraft authorization up to ISK 2,450,000 in the app without a service charge.

You can also apply for an extension of the overdraft with an consultant up to ISK 2,450,000 and pay ISK 950 in service fee, but free of charge above that amount.

  • You log into the app, select your debit account and press authorize at the bottom left.
  • Next is to enter an amount, select an expiration date and click continue.
  • You will then get an email for approval or rejection.