Follow these easy steps

• ID-number

  The first step

  In Iceland, a bank account can only be opened if you have an Icelandic ID number. Citizens from the EEA/EFTA states can apply for an ID number at the Icelandic National Registry. Other citizens can visit the Directorate of Immigration website for more information.

• ID

  Electronic ID

  You can apply for an electronic ID with an Icelandic ID number. You can then use the electronic ID to open a bank account online.

• welcome

  Opening a bank account

  Opening a bank account is quick and easy if you have an electronic ID. Simply choose 'debit account' and sign in using your electronic ID. You can open a debit account with or without a debit card. If you do not have an electronic ID, you can still apply for a bank account by visiting our nearest branch. Please remember to bring your passport with you. A residence permit is also required for customers from any country outside the EEA/EFTA.

  View the process

• savings

  Savings accounts

  Begin saving for the things that matter to you, and take control of your financial future. Open a savings account with us.

  Private pension

  A private pension is an easy way to secure a better future. You contribute 2-4% of your monthly income to your personal pension, and your employer is legally obligated to contribute an additional 2% on top of your wage.

• digital

  Online bank and app

  Manage your money wherever you are.

  We are constantly working on new digital solutions to ensure we are there for you around the clock.

• transactions

  International transactions

  International transactions can be carried out through our online bank and branches. Open international transactions in online bank

• loans

  Personal loans

  When the Icelandic ID number is 24 months old or older, foreign nationals may apply for lending products through automated processes, such as credit cards, overdrafts or personal loans, provided that the applicant meets the bank’s general lending criteria and has undergone a valid due diligence assessment.
  

  For mortgage loans, the Icelandic ID number does not have to be at least 24 months old but foreign nationals from countries outside the European Economic Area (EEA) or European Free Trade Association (EFTA) must provide a valid residence permit before applying.

• credit

  Credit cards

  You can apply for a prepaid credit card. If you want to apply for a traditional credit card, the same terms and conditions apply to credit card applications and loans. Learn more

• contact

  Contact us

  Please get in touch with us if you have any questions regarding our services or banking in Iceland.