9-12 yrs
Young people can receive their first debit card in their ninth year.
Electronic ID by phone
The applicant must present a passport and sign a contract in the presence of parents or guardians at one of our branches. Parents/guardians can also apply for an ID for individuals under the age of 18 on the identification website and therefore do not need to attend the branch with the applicant to activate the ID.
Debit card
Young people aged 9 years and over can open an account and apply for a debit card at one of our branches. A parent or guardian must accompany them to sign the application.
Young people between the ages of 9 and 12 are not charged an annual fee or any transaction fees.
You can access the account and the card in the app or online bank. There you can activate the debit card and proceed to pay using a mobile phone or a smart watch.
Parents and guardians can apply for access to the account.
Future Plan Account
We encourage parents to help their children to set long-term and short-term savings goals that they can stick to.
Future Plan is an indexed savings account where the amount grows as your child grows. Savings are locked in until the age of 18.
Kass
Young people aged 9 or over can use the Kass app. Kass can be used to pay, collect or split the cost.
The Íslandsbanki app
You can handle all major banking transactions anywhere and anytime.
Fríða
Íslandsbanki's customers receive a customized refund offer from the Fríða benefit system. Fríða is accessible in the Íslandsbanki app.
