Yes. Send a request to info@landsbanki.is, and you will receive all the necessary information and forms to fill out which are required by Landsbanki to establish a business relationship.

It can take up to three weeks. If all documents are properly completed and all the information required by the bank to establish a business relationship is provided, the application process can take up to three weeks. Acquiring an Id. No. can take 7-14 days. Once the Id. No. is available and all documents have been returned to the bank an account can be opened.

Yes. Landsbanki will assist you in obtaining an Id. No.if you sign the Power of attorney form, which authorises Landsbanki to apply for an Id. No. on your behalf.

Yes, this is possible, but in such a case the bank needs to be provided with similar information as for the applicant, and a specific application form for power of attorney needs to be filled out.

Access Landsbankinn's most recent interest rates to see the rates.

A custody account is an electronic register keeping track of a customer's total assets in financial instruments, whether de-materialised or physical certificates.

If the local mayor is a notary, then this would be acceptable. As a general rule, a copy of the customer's passport must be certified by a notary public or the customer´s identification confirmed by a regulated financial institution in the European Economic Area. The certified copy must include a good, clear picture of the applicant, together with the signature, passport number and period of validity.

Financial income tax is levied on a specific tax base comprised of income on assets, i.e. interest, dividends, gains on sale of assets and rental income. A 10% tax is withheld at source on all income earned on deposits, securities or receivables, paid by commercial or savings banks, securities houses or other parties obliged to withhold tax. More information is available on www.rsk.is.

Yes, the Icelandic state guarantees customer deposits up to a certain maximum amount. Further details are available on the website of Ministry of Business Affairs or the Deposit Guarantee Fund.

No, CDs are not offered for general sale in Iceland.

To undertake such transactions, customers must have substantial financial strength, experience and knowledge or special expertise in securities trading. Specific conditions must be fulfilled for Landsbanki to undertake derivative trading for a customer. A customer must have conducted considerable trading on securities markets in the past four quarters and hold securities assets valued at over EUR 500,000. In addition, the customer must have served, for at least one year, in a position on financial markets requiring special expertise in securities investments.

No, this is not possible. On the other hand, the details can be sent by e-mail to a customer service representative of the Customer Service and Advisory Centre, who will carry out the transfer for you. The following details must be included:

- name of payor, Id. No., tel. no. and account for debit;
- name and address of recipient of payment;
- recipient's bank account number, IBAN number;
- information on the bank and SWIFT code.

If the payment is made to the US, the Routing number, ABA number or Federal wire no. (9 digits) must be provided instead of the SWIFT code. For payment sent to Canada, the Transit number (9 digits) must be included, and the Bank code (6 digits) is required for payment to Australia.

Yes, by visiting your local branch and signing an application form.

An ID token is a device used to increase security when you log in to Landsbanki's Personal or Corporate Internet Banking. The device provides you with a number from a pre-determined, encrypted number series each time it is used.

A new ID token can be obtained at any Landsbanki branch. If you wish to have one sent by mail, please contact the Customer Service and Advisory Centre, tel. +354 410 4000, or info@landsbanki.is.

Inflation indexation is the automatic adjustment of an economic variable, such as wages, taxes, or savings, to a cost-of-living index, so that the variable rises or falls in accordance with the rate of inflation. In Iceland, financial obligations are often linked to a specific index, in this case the Consumer Price Index or CPI, to ensure their value remains stable despite inflation.

This means that the principal of any amount saved in an inflation-indexed account will be regularly topped up with an indexation bonus, to reflect increases in the cost-of-living up until the time it is withdrawn. It gives your savings the same purchasing power when you withdraw them, plus the interest paid.