Split your costs

You can spread the cost of your card payments with just one click on the Íslandsbanki app.

  1. Click on your card in the Íslandsbanki app to see the cards account overview
  2. Click on 'spread the cost' and 'new cost spread' and enter the amount you want to pay. The payment must be at least 10% of the amount owed. Choose how many months you want to spread the costs of paying the balance.
  3. If your invoice is ISK 100,000, and you want to spread the cost over 4 months, then you will receive notice of an unpaid invoice of ISK 25,000 each month. You can also deposit money into your card in the amount of 25.000.

Note that the minimum amount that you can split the cost of is ISK 20,000.

Split card payments in Íslandsbanki app (in Icelandic)