Tariff of Charges

In effect since Friday, April 27, 2012 Expand
1 Bills
1.1 Purchased bills stored at Landsbankinn
1.1.1Purchased bills stored at Landsbankinn, commission0.75%
1.1.2Minimum830kr.
1.1.3+ Costs incurred300kr.
1.2 Purchased bills stored outside Landsbankinn
+ Collection fee of custodian
1.2.1Purchased bills stored outside Landsbankinn, commission 1%
1.2.2Minimum 830kr.
1.2.3+ Costs incurred 300kr.
2 Bonds and loan agreements (also applies to foreign-currency loans)
2.1 Loans and bond purchases
2.1.1Borrowing fee (commission)2%
2.1.2Borrowing fee for Varðan and Náman members and payments debited from account1.7%
2.2 Completed bond, collateral agreement or pledge
2.2.1Completed bond, collateral agreement or pledge 2,800kr.
2.2.2Additional fee for more complex bond, loan agreement, collateral agreement or pledge - minimum10,000kr.
2.3 Statement of encumbrances and registration of title
2.3.1 Statement of encumbrances
2.3.1.1From Lánstraust (credit rating service)1,100kr.
2.3.1.2From district commissioner2,000kr.
2.3.2Registration of title, incurred costs payable to district commissioner2,000kr.
2.3.3Administration for registration of title documents525kr.
2.3.4Administration for registration of title documents - sent by car5,000kr.
2.4 Payments
2.4.1Notification and payment fee, loan debited, payment coupon sent 195kr.
2.4.2Notification and payment fee, loan debited, payment coupon not sent 120kr.
2.4.3Notification and payment fee, loan not debited, payment coupon sent 595kr.
2.4.4Notification and payment fee, loan not debited, payment coupon not sent520kr.
2.4.5Notification and payment fee, cost per payment in foreign currency or with Reibor reference820kr.
2.4.6 Pre-/repayment penalty for loans other than property loans
2.4.6.1For each remaining year0.4%
2.4.6.2Maximum5%
2.5 Mortgage subordination, etc.
2.5.1Endorsement of conditional mortgage subordination/acceptance to be second mortgagee 2,000kr.
2.5.2Mortgage subordination5,500kr.
2.5.3Major mortgage subordination - minimum10,000kr.
2.5.4 Mortgage transfer and mortgage release per loan
2.5.4.1Mortgage transfer and mortgage release per loan - Simple8,000kr.
2.5.4.2 Mortgage transfer and mortgage release per loan - Major
2.5.4.2.1Mortgage transfer and mortgage release per loan - Major - minimum20,000kr.
2.5.4.2.2Mortgage transfer and mortgage release per loan - Major - maximum40,000kr.
2.5.5 Substitution of debtor
2.5.5.1Substitution of debtor - Simple10,000kr.
2.5.5.2 Substitution of debtor - Major
2.5.5.2.1Substitution of debtor - Major - minimum20,000kr.
2.5.5.2.2Substitution of debtor - Major - maximum40,000kr.
2.6 Amendment of terms and conditions
2.6.1 Arrangement fee
2.6.1.1Arrangement fee - minimum10,000kr.
2.6.1.2Arrangement fee - maximum50,000kr.
2.6.3+Additional fee for default on amount due4,000kr.
2.6.4Administration and guarantee of loan prepayment, each creditor5,000kr.
2.7 Fee for changing loan currency
2.7.1 Changing between foreign currencies
2.7.1.1Changing between foreign currencies0.2%
2.7.1.2Minimum20,000kr.
2.7.2 Between ISK and foreign currency
2.7.2.1Between ISK and foreign currency0.4%
2.7.2.2Minimum20,000kr.
2.8 Loan extensions (Corporate Banking)
2.8.1Loan extensions for a term shorter than 12 months at a time0.15%
2.8.2Loan extensions for a term longer than 12 months at a time0.5%
3 Business agreements (produce and operating loans)
3.1 Handling fee for agreement, annual commission
3.1.1Handling fee for agreement exceeding ISK 50m; annual commission 0.3%
3.1.2Handling fee for agreement ISK 50m and lower; annual commission 0.5%
3.3Completed collateral agreement 2,800kr.
3.4Arrangement fee 1,500kr.
3.5Service fee; costs incurred for each distribution of proceeds 300kr.
3.6Completed loan or business agreement (produce and operating loans) - minimum10,000kr.
3.7 Fee for changing loan currency
3.7.1 Fee for changing loan currency (between foreign currencies)
3.7.1.1Fee for changing loan currency (between foreign currencies) 0.2%
3.7.1.2Fee for changing loan currency - minimum20,000kr.
3.7.2 Fee for changing loan currency (between ISK and foreign currency)
3.7.2.1Fee for changing loan currency (between ISK and foreign currency)0.4%
3.7.2.2Fee for changing loan currency (between ISK and foreign currency) - minimum20,000kr.
3.8Notification and payment fee, cost per payment 820kr.
4 Lines of credit
4.1Fee for undrawn portion of binding credit line 0.3%
5 Íbúðalán Housing Mortgages
5.1 Loans and bond purchases
5.1.1Borrowing fee for Housing Mortgages1%
5.1.2Borrowing fee for Housing Mortgages, for Varðan members0.5%
5.2 Completed bond, collateral agreement or pledge
5.2.1Completed bond, collateral agreement or pledge 2,800kr.
5.2.2Additional fee for more complex bond, loan agreement, collateral agreement or pledge - minimum10,000kr.
5.2.3Handling of pledges of collateral for loans other than Landsbankinn's (HFF, pension funds) and declaration - minimum10,000kr.
5.3 Statement of encumbrances and registration of title
5.3.1 Statement of encumbrances
5.3.1.1From Lánstraust (credit rating service)1,100kr.
5.3.1.2From district commissioner2,000kr.
5.3.2Registration of title, incurred costs payable to district commissioner2,000kr.
5.3.3Administration for registration of title documents525kr.
5.3.4Administration for registration of title documents - sent by car5,000kr.
5.4 Payments
5.4.1Notification and payment fee, loan debited, payment coupon sent 195kr.
5.4.2Notification and payment fee, loan debited, payment coupon not sent 120kr.
5.4.3Notification and payment fee, loan not debited, payment coupon sent 595kr.
5.4.4Notification and payment fee, loan not debited, payment coupon not sent520kr.
5.4.5Notification and payment fee, cost per payment in foreign currency820kr.
5.4.6Notification and payment fee, cost per payment on real estate loan in foreign currency, automatic debit410kr.
5.4.7 Pre-/repayment penalty for mortgages and property loans in ISK.
5.4.7.1Pre-/repayment penalty for indexed mortgages and property loans in ISK, for each remaining year0.2%
5.4.7.2Maximum2%
5.4.7.3*For a limited time only, a 100% discount will be granted on pre-payment charges/accelerated payment on indexed housing mortgages and floating interest real estate loans
5.4.7.4Pre-/repayment penalty for non-indexed mortgages at fixed interest rates for the fixed rate period2%
5.4.8Pre-/repayment penalty for foreign-currency property loans, on due date0kr.
5.5 Mortgage subordination, etc.
5.5.1Endorsement of conditional mortgage subordination/acceptance to be second mortgagee 2,000kr.
5.5.2Mortgage subordination5,500kr.
5.5.3Major mortgage subordination - minimum10,000kr.
5.5.4 Mortgage transfer and mortgage release per loan
5.5.4.1Mortgage transfer and mortgage release per loan - Simple8,000kr.
5.5.4.2 Mortgage transfer and mortgage release per loan - Major
5.5.4.2.1Mortgage transfer and mortgage release per loan - Major - minimum fee20,000kr.
5.5.4.2.2Mortgage transfer and mortgage release per loan - Major - maximum fee40,000kr.
5.5.5 Substitution of debtor
5.5.5.1Substitution of debtor - Simple10,000kr.
5.5.5.2 Substitution of debtor - Major
5.5.5.2.1Substitution of debtor - Major - minimum fee20,000kr.
5.5.5.2.2Substitution of debtor - Major - maximum fee40,000kr.
5.5.6Handling of transfers of mortgages and pledges of collateral for HFF and other mortgages 5,000kr.
5.6 Amendment of terms and conditions
5.6.1 Arrangement fee
5.6.1.1Arrangement fee - minimum10,000kr.
5.6.1.2Arrangement fee - maximum50,000kr.
5.6.2+Additional fee for default on amount due4,000kr.
5.6.3Administration and guarantee of loan prepayment, each creditor5,000kr.
5.6.4 Amendment to principal
5.6.4.1Amendment to principal, each loan5,000kr.
5.6.4.2Maximum per Id./Reg. No.10,000kr.
5.7 Fee for changing loan currency
5.7.1 Fee for changing loan currency (between foreign currencies)
5.7.1.1Fee for changing loan currency (between foreign currencies) 0.2%
5.7.1.2Minimum20,000kr.
5.7.2 Fee for changing loan currency between ISK and foreign currency
5.7.2.1Fee for changing loan currency between ISK and foreign currency0.4%
5.7.2.2Minimum20,000kr.
5.8Completion charge 5,000kr.
6 Personal credit rating, etc.
In addition to the credit rating fee, a fee is payable for summary of transactions (from FE system) see item 31.5
6.1Personal credit rating for Landsbankinn loans 3,500kr.
6.2Credit rating of a married/cohabiting couple for Landsbankinn loans 5,000kr.
6.3Credit rating of Varðan/Náman members for Landsbankinn loans other than Housing Mortgage 0kr.
6.4Credit rating regarding payment difficulty or other major rating, including ratings for HFF 2,500kr.
6.5Credit rating for non-Landsbankinn loans (e.g. for pension funds etc.) 8,500kr.
6.6Credit rating for non-Landsbankinn loans, Varðan and Náman members 5,000kr.
6.7Confirmation of credit worthiness/credit assessment for lot applications to municipalities - credit assessment not included 2,000kr.
7 Defaults (applies to all defaults unless otherwise specified)
7.1Collection warning900kr.
7.2Reminder of collection warning 0kr.
7.3 Interim collection letter
7.3.1Receivable principal up to and including ISK 2,9991,250kr.
7.3.2Receivable principal ISK 3,000 up to and including ISK 9,9992,000kr.
7.3.3Receivable principal ISK 10,000 up to and including ISK 79,999 3,500kr.
7.3.4Receivable principal ISK 80,000 and higher5,500kr.
7.4 First reminder of interim collection letter
7.4.1Receivable principal up to and including ISK 2,9991,250kr.
7.4.2Receivable principal ISK 3,000 up to and including ISK 9,9992,000kr.
7.4.3Receivable principal ISK 10,000 up to and including ISK 79,999 3,500kr.
7.4.4Receivable principal ISK 80,000 and higher5,500kr.
7.5 Second reminder of interim collection letter
7.5.1Receivable principal up to and including ISK 2,9991,250kr.
7.5.2Receivable principal ISK 3,000 up to and including ISK 9,9992,000kr.
7.5.3Receivable principal ISK 10,000 up to and including ISK 79,999 3,500kr.
7.5.4Receivable principal ISK 80,000 and higher5,500kr.
7.6One phone call, interim collection 500kr.
7.7Legal costs as per a separate tariff
8 Current accounts, debit cards and other accounts
Fees are only charged to customers aged 18 years and older.
8.1 Cheque books
8.1.125 cheques 320kr.
8.1.2Customers who request special printing of cheque books pay the additional costs thereof.
8.2 Overdrawn cheque or debit card transaction
8.2.1ISK 5,000 or lower 750kr.
8.2.2Between ISK 5,000.01 and ISK 10,000.00 1,410kr.
8.2.3Between ISK 10,000.01 and ISK 50,000.00 2,475kr.
8.2.4Between ISK 50,000.01 and ISK 200,000.00 4,950kr.
8.2.5Over ISK 200,000.00 11,400kr.
8.3 Account statement
8.3.1Sent by post, for each mail delivery exceeding one per year 150kr.
8.3.2Additional statement, delivered at branch 150kr.
8.3.3Statement by telephone service 0kr.
8.3.4Balance and transactions read over phone by employee95kr.
8.3.5Internet Banking statement45kr.
8.4 Debit cards
8.4.1Annual fee 495kr.
8.4.2New debit card, if previous card lost1,000kr.
8.4.3Additional card for account495kr.
8.4.4The annual fee for a salary account with salary insurance (Launavernd) differs by age and the insured amount.
8.5 Transaction fees
8.5.1Debit card transaction 13kr.
8.5.2Cheque transactions and withdrawals 54kr.
8.5.3ATM transaction in Iceland 0kr.
8.5.4Debit card withdrawal from overseas bank or ATM 2%
8.5.5Payment with debit card at overseas retailer or service provider 1%
9 Transfers, payments at Customer Service Centre, etc.
Faxed receipts, see items 32
9.1Transfer in ISK between customer's own accounts, both with Landsbankinn0kr.
9.2Other transfers within Landsbankinn, to other commercial or savings banks, payment of giro, payment slips and on credit cards 100kr.
9.3Deposit to an account with another bank or savings bank 100kr.
9.3.1Time-consuming transfers to other banks incur time-based charges.
9.4Transfers to or from foreign currency accounts in Iceland 200kr.
9.5Transfer to E*TRADE 200kr.
9.6Telephone information service (+354) 515-4444 (account balance and transfers) 0kr.
9.7Notification by e-mail 40kr.
9.8Notification by text message (SMS) 50kr.
10 Payment service, payment equalisation, Varðan Premier Club, etc.
10.1 Payment equalisation
10.1.1Annual fee for payment equalisation (annual fee includes one payment plan per year and payment service, direct payments and giro/payment slips if received by the Bank.) 4,800kr.
10.1.2Monthly fee400kr.
10.1.3 Additional fee (for major plans)
10.1.3.1Additional fee (for major plans) - minimum1,500kr.
10.1.3.2Additional fee (for major plans) -maximum5,000kr.
10.2Change to payment plan400kr.
10.3Payment service, per slip100kr.
10.4Payment by direct debit, per slip 0kr.
10.5Varðan club's annual fee = fee of VISA/MasterCard Gold card and connect. fee for Icelandair Saga Club card - see items 33 and 34
10.6 Default of payment on Payment service account, in accordance with item 7
11 Giro service
11.1 A, B and BB giro
11.1.1Fee per slip according to printer's invoice
11.1.2Payment fee per each paid slip 95kr.
11.2 C giro slip
11.2.1C giro slip 120kr.
11.2.2Printing fee according to printer's tariff
11.3D giro slip
11.3.1Refund for damaged C and D giro slips, sales price less ISK 10
12 Collection
12.1Successful collection 790kr.
12.1.1+ Incurred storage costs
12.2Unsuccessful collection 690kr.
12.2.1+ Incurred storage costs
12.3Approval of debt instrument 460kr.
12.4Collection of Landsbankinn bills and bonds, no charge 0kr.
13 Collection service and Félagaþjónusta (service for non-business organisations)
13.1 Creating a receivable
13.1.1Creating a receivable in Corporate Internet Banking 40kr.
13.1.2Creating a receivable in IT division (with Excel file) 68kr.
13.1.3Creating a receivable in branch 250kr.
13.2Payment slips incl. printing, per slip15kr.
13.3Electronic display45kr.
13.4Mailing of payment slip, automated 106kr.
13.5Printing and mailing of payment slip175kr.
13.6Printing of payment slip, collected at branch 70kr.
13.7Payment fee75kr.
13.8Reminder fee130kr.
13.9 Change/cancellation of a receivable
13.9.1Change/cancellation of a receivable in Corporate Internet Banking40kr.
13.9.2Change/cancellation of a receivable in IT division (with Excel file)68kr.
13.9.3Change/cancellation of a receivable in branch 135kr.
13.10Extension of payment deadline granted through Corporate Internet Banking40kr.
13.11Receivable sent to collection by lawyers/debt collection agency90kr.
13.12 Direct payments
13.12.1Direct payments, receivables pool 1%
13.12.2Minimum48kr.
13.12.3Maximum98kr.
13.13Special adjustments, hourly rate14,900kr.
14 Félagabanki - (Internet Banking Services for Non-business Organisations)
14.1 Fixed fee
14.1.1Monthly fee - Accounting system for Residents' Associations1,900kr.
14.1.2Annual fee - Internet Banking for Residents' Associations0kr.
14.2Payment service, each payment 80kr.
15 Online banking and related services
15.1 Annual fee
15.1.1Annual fee for Corporate Internet Banking0kr.
15.1.2Annual fee for Private Internet Banking0kr.
15.2 Transaction fees
15.2.1Corporate Internet Banking transaction fee 0kr.
15.2.2Private Internet Banking transaction fee 0kr.
15.3 Mailing of receipts
15.3.1Mailing of receipts for Corporate Internet Banking150kr.
15.3.2Mailing of receipts for Internet Banking for Non-Business Organisations150kr.
15.3.3Mailing of receipts for Private Internet Banking150kr.
15.4Text messaging (SMS) 0kr.
15.5Corporate Internet Banking netting service 13kr.
15.6RSA SecurID token - annual fee 11,000kr.
15.7RSA SecurID token - renewal fee 3,000kr.
15.8 Card reader
15.8.1Card reader1,700kr.
15.8.2Card reader - clients in loyalty programmes1,000kr.
15.9Credit reference service Lánstraust - check of customer's own data - Corporate/Private Internet Banking 350kr.
15.10 Services to parties involved in further collection
15.10.1B2B connection to collection service system - fee per claim75kr.
15.10.2Manual edit/cancellation of claim 90kr.
15.10.3Other service - fee per hour14,000kr.
15.11 Cash card systems (price without VAT)
15.11.1 Specially designed company cards (price does not include design)
15.11.1.1500 pc470kr.
15.11.1.21,000 pc260kr.
15.11.1.31,500 pc200kr.
15.11.1.42,000 pc180kr.
15.11.1.53,000 pc135kr.
15.11.1.65,000 pc105kr.
15.11.1.710,000 pc75kr.
15.11.2Standard cards with company logo, 100 -1,200 pc
Price assumes that printed logo containes up to 4 colours		200kr.
15.11.3Fee linked to turnover1.75%
15.12Authentication token - new token in case of loss or damage800kr.
16 Securities transactions
16.1 Transaction and custody fees
16.1.1Handling fee for all securities transactions300kr.
16.1.2Handling fee for purchasing/selling Landsbankinn Funds using Private Internet Banking150kr.
16.1.3 Custody fee
Custody fees are calculated on a monthly basis and debited once yearly, in January for the previous year. No custody fee is charged for Landsbankinn products.
16.1.3.1Custody fee0.015%
16.1.3.2Minumum2,000kr.
16.2 Housing Bonds
16.2.1Commission (purchase/sale)0.4%
16.2.2Minimum3,000kr.
16.2.3Transaction fee for each unit lower than ISK 1,000,000 100kr.
16.2.4Exchange of Housing Bonds 1,500kr.
16.3 Treasury bonds
16.3.1Commission (purchase/sale)0.4%
16.3.2Minimum3,000kr.
16.4 Treasury bills, Treasury notes, bank bonds and bank bills
16.4.1Commission (purchase/sale)0.4%
16.4.2Minimum3,000kr.
16.4.3Landsbankinn bank bonds, resale commission 0.5%
16.5 Other securities
16.5.1Other standard market securities 0.75%
16.5.2 Mortgages
16.5.2.1Mortgages - minimum1%
16.5.2.2Mortgages - maximum2%
16.5.2.3Minimum3,000kr.
16.5.3 Other non-standard securities
16.5.3.1Other non-standard securities - minimum0.3%
16.5.3.2Other non-standard securities - maximum2%
16.5.3.3Minimum3,000kr.
16.6 Equities
16.6.1 Purchase/sale - Listed equities
16.6.1.1Commission1%
16.6.1.2Minimum3,000kr.
16.6.2 Purchase/sale - Unlisted equities
16.6.2.1Commission1.5%
16.6.2.2Minimum3,000kr.
16.6.3 Purchase/sale - securities transactions via Personal Internet Banking
16.6.3.1Commission0.75%
16.6.3.2Minimum1,950kr.
16.6.4 Foreign equities
16.6.4.1 Purchase/sale - Equities in USD
16.6.4.1.1Commission1%
16.6.4.1.2Purchase/sale - Equities in USD - minimum100.00USD
16.6.4.2 Purchase/sale - USA Penny Stocks (stock under USD 1 per share) in USA
16.6.4.2.1Purchase/sale - USA Penny Stocks (stock under USD 1 per share) in USA, fee per share0.02USD
16.6.4.2.2Minimum100.00USD
16.6.4.3 Purchase/sale - Equities in GBP
16.6.4.3.1Commission1%
16.6.4.3.2Minimum75GBP
16.6.4.3.3+ stamp duty for purchases in GBP0.5%
16.6.4.4 Equities transactions in USD - E*TRADE
16.6.4.4.1Minimum20kr.
16.6.4.4.2Maximum25kr.
16.6.4.5 Purchase/sale - other foreign equities
16.6.4.5.1Commission1%
16.6.4.5.2Minimum10,000kr.
16.6.4.6 Bank charges for foreign transactions as per tariff
16.6.4.7Delivery of foreign equities from custody800kr.
16.6.4.8Corporate actions300kr.
16.7 Dematerialised (electronic) securities
16.7.1Transferral of securities475kr.
16.7.2Pledging of collateral per ID No.700kr.
16.7.3Delivery of securities700kr.
16.7.4Opening deceased person's account at Icelandic Securities Depository1,900kr.
16.7.5Payments for dematerialised securities300kr.
16.8 Landsbankinn mutual funds (UCITS and investment funds)
16.8.1Government Bond Fund Long Duration1%
16.8.2Government Bond Fund Medium Duration1%
16.8.3Government Bond Fund Short Duration1%
16.8.4Government Bond Fund - Indexed1%
16.8.5Government Bond Fund - Non-indexed1%
16.8.6Bankable Fund - Government-backed0%
16.8.7Turnaround of the Government Bond Fund and Bankable Fund is T+1 (transactions are carried out the following business day)
16.8.8Landsbankinn Iceland Selected Equities Fund2%
16.8.9Turnaround of the Selected Equities Fund is T+3 (settlement = 3 banking days)
16.8.10Short-Term Fixed Income Fund - initial fee0.7%
16.8.11Long-Term Fixed Income Fund - initial fee0.7%
16.8.12No charge is levied on clients transferring between Fixed Income Funds
16.8.13Turnaround of the Fixed Income Funds is T+1 (settlement = 1 banking day)
16.8.14Landsbankinn Global Equity Fund Purchase price2%
16.8.15Landsbankinn Nordic 402%
16.8.16Turnaround is T+3 (settlement = 3 banking days), trading gains are 2%, irrespective of amount
16.8.17Regular subscription to UCITS and investment funds, handling fee100kr.
16.8.18Subscribers receive a 100% discount on bid-offer spread.
16.8.20Discount on bid-offer spread when purchasing/selling funds using Internet Private Banking is 25%
17 Safety deposit boxes for customers of Landsbankinn - annual fee
17.1Boxes smaller than 200 sq. cm 3,000kr.
17.2201-300 sq. cm 3,500kr.
17.3301-400 sq. cm 4,000kr.
17.4401-600 sq. cm 5,000kr.
17.5601-900 sq. cm 7,000kr.
17.6900 sq. cm and larger 9,000kr.
17.7Small short-term boxes in Mjódd branch, monthly fee1,000kr.
17.8Larger short-term boxes in Mjódd branch, monthly fee2,000kr.
17.9Change of lock (lost key) 16,000kr.
17.10Box forcibly opened and lock changed 30,000kr.
18 Night safe
18.1Initial fee for box 3,000kr.
19 Letters of credit - imports
19.1Fee per annum, based on pledged collateral and creditworthiness - minimum2.5%
19.2Handling charge 20,000kr.
19.3Amendment fee 7,500kr.
19.4Cancellation fee 6,000kr.
19.5 Additional fee for more complex L/C documents
19.5.1Additional fee for more complex L/C documents - minimum7,500kr.
19.5.2Additional fee for more complex L/C documents - maximum75,000kr.
19.6Cost of sending message - per SWIFT message1,000kr.
20 Letter of Guarantee
20.1Fee per annum, based on pledged collateral and creditworthiness - minimum2.5%
20.2Handling charge20,000kr.
20.3Amendment fee7,500kr.
20.4 Additional fee for more complex letters of guarantee and other documentation
20.4.1Additional fee for more complex letters of guarantee and other documentation -minimum7,500kr.
20.4.2Additional fee for more complex letters of guarantee and other documentation - maximum75,000kr.
20.5Cost of sending message - per SWIFT message1,000kr.
21 Rent guarantees
21.1 Fee, annual rate (per annum)
21.1.1Fee per annum if deposits are 100% pledged as collateral2.5%
21.1.2Fee per annum, no collateral6%
21.2Handling charge8,000kr.
21.3Amendment fee2,500kr.
22 Letters of credit - exports
22.1Advising commission (charged only when the L/C is unconfirmed by Landsbankinn) 0.05%
22.1.1Advising commission - minimum 4,000kr.
22.1.2Advising commission - maximum 20,000kr.
22.1.3L/C forwarded to correspondent bank 2,000kr.
22.2Confirmation commission, for each 3-month period started 0.5%
22.2.1Confirmation commission - minimum4,000kr.
22.3Payment commission/documentation commission 0.25%
22.3.1Payment commission/documentation commission - minimum6,000kr.
22.3.2Payment commission/documentation commission off amount exceeding ISK 25,000,000 0.15%
22.4Express deliveries. Fee according to service provider's tariff
22.5Amendment fee 5,000kr.
22.6 Discounting/negotiation fee
22.6.1Discounting/negotiation fee 0.2%
22.6.2Discounting/negotiation fee - minimum 6,000kr.
22.6.3 + Discount rate for estimated 10 days (LIBOR + 2.25%)
22.7 L/C transfer
22.7.1L/C transfer 0.45%
22.7.2L/C transfer - minimum 10,000kr.
22.8Discrepancy in documents 3,000kr.
22.9Cost of sending message - per SWIFT message1,000kr.
23 Letter of Indemnity for a Bill of Lading
23.1 Letter of Indemnity for a Bill of Lading - fee
23.1.1Fee for the first 3 months of the covered period1%
23.1.2 + For each additional 3 months started 0.5%
23.2Handling charge3,000kr.
24 Collection - exports
24.1Collection commission 0.2%
24.1.1Collection commission - maximum 30,000kr.
24.1.2Collection commission - minimum 7,500kr.
24.2Express deliveries. Fee according to service provider's tariff
24.3 Bills of exchange - discounting fee
24.3.1Bills of exchange - discounting fee 0.45%
24.3.2+ Costs incurred 1,000kr.
24.3.3 + Discount rate for estimated 10 days (LIBOR + 2.25%)
24.4Cost of sending message - per SWIFT message1,000kr.
25 Collection - imports
25.1 Collection commission
25.1.1Collection commission 0.2%
25.1.2Collection commission - minimum 3,000kr.
25.2Return fee 2,500kr.
25.3Delivery fee
+ Minimum Collection commission 		1,000kr.
25.4Reminder fee 1,000kr.
25.5Amendment fee 1,000kr.
25.6Protest fee 1,000kr.
25.7Query fee 1,000kr.
25.8 Past due balances, additional fee per month
30 days after receipt of sight drafts, 10 days after maturity of bills of exchange. Additional fee for each balance due.
25.8.1Past due balances, additional fee per month 0.05%
25.8.2Past due balances, additional fee per month - minimum 1,000kr.
25.8.3Past due balances, additional fee per month - maximum 3,000kr.
25.9Cost of sending message - per SWIFT message1,000kr.
26 Special transactions
26.1Transaction fee for Launavernd (salary insurance) 100kr.
26.2Additional discount on insurance from TM Insurance for Varðan members 5%
27 Foreign currency purchases, deposits into foreign currency accounts in Iceland and payments from overseas *
27.1Notes 0kr.
27.2Commercial cheques and International Money Orders (IMOs)
Current penalty interest on bounced cheques, from date of purchase to date of payment 		0.4%
27.2.1Costs incurred 165kr.
27.3 SWIFT transfers
27.3.1Direct wire transfer from overseas commercial bank to an account with Landsbankinn700kr.
27.3.2Direct wire transfer from overseas commercial bank to an account with Landsbankinn, manual entry2,000kr.
27.3.3Wire transfer from domestic commercial bank to an account with Landsbankinn1,500kr.
27.3.4Wire transfer from domestic commercial bank to an account with Landsbankinn, manual entry2,000kr.
27.3.5Transfer request received as SWIFT MT101, deposited to an account with Landsbankinn400kr.
27.3.6Transfer request received as SWIFT MT101, forwarded to another bank700kr.
27.3.7Withdrawn over the counter2,000kr.
27.3.8 Withdrawn in foreign notes
27.3.8.1Withdrawn in foreign notes 1.5%
27.3.8.2Minimum 400kr.
27.4* At airports, on board passenger ships, at conventions and in comparable circumstances, up to triple ISK fees may be charged.
28 Sale of foreign currency and payment from foreign currency accounts in Iceland
28.1Sale of foreign notes and coins 0kr.
28.2Withdrawals in foreign notes from foreign currency accounts in Iceland 1.5%
28.3Cheques sold2,500kr.
28.4 SWIFT transfers
28.4.1SWIFT transfers 1,500kr.
28.4.2SWIFT transfers via Landsbankinn's Corporate Internet Banking1,000kr.
28.4.3SWIFT transfers, cost paid by sender3,000kr.
28.4.4SWIFT transfers, surcharge for express delivery3,000kr.
28.5 Suspension/cancellation of payment
28.5.1 Before payment is made 2,700kr.
28.5.2 After payment is made 2,700kr.
28.5.3 Queries
28.5.3.1Queries - minimum500kr.
28.5.3.2Queries - maximum9,900kr.
28.6Account statement through SWIFT MT940/MT950 100kr.
28.7All foreign banking fees and other direct costs incurred are paid separately.
28.8At airports, on board passenger ships, at conventions and in comparable circumstances, up to triple ISK fees may be charged.
29 Foreign currency accounts
29.1Starting fee - converted into account currency equivalent 15,000kr.
29.2Transfer fee - performed by Landsbankinn employee 200kr.
29.3Starting fee - students 0kr.
29.4Internet Banking transfers - students 0kr.
29.5Transfer through telephoning bank - students 200kr.
29.6 Account statement
29.6.1Sent by post, for each mail delivery exceeding one per year 150kr.
29.6.2Additional statement, delivered at branch 150kr.
29.6.3Statement by telephone service 0kr.
29.6.4Balance and transactions read over phone by employee95kr.
29.6.5Internet Banking statement45kr.
29.7Withdrawals over the counter 54kr.
30 Bank notes and coins in ISK
30.1 Counting of coins
30.1.1Amount deposited to a Landsbankinn account (low deposits) 0%
30.1.2Amount deposited to accounts with other banks/paid in bank notes 3%
30.1.3No charge for counting coins from children´s moneyboxes
30.2Sale of coins, per pack 20kr.
31 Information request
31.1Summary of transactions 250kr.
31.2 Summary for annual financial statements
31.2.11-2 companies 2,500kr.
31.2.23-4 companies 5,000kr.
31.2.35 or more companies 7,500kr.
31.3Statement of liabilities, balance owing and details of both ISK and FX loans 250kr.
31.4 Information search; for transaction document or older data and photocopying
31.4.1Information search; for transaction document or older data and photocopying, each transaction 250kr.
31.4.2Express service 500kr.
31.5Summary of transactions (FE-statement)1,250kr.
31.6Statement on a person's finances, loan commitments, etc. 1,200kr.
31.7Lookup in Registrar of Companies (Creditinfo)500kr.
32 Various other services
32.1 Receipt of deposits
32.1.1Receipt of deposits, payee unknown10,000kr.
32.1.2Other receipt of deposits15,000kr.
32.2Mailing of receipts, extra copies and other general postal deliveries 150kr.
32.3Receipt or other documents scanned and sent via email150kr.
32.4Advertising for lost savings bank books (never exceeding 20% of balance)400kr.
32.5 Transfer of pension savings to another custodian
There is no charge for transfers within the Landsbankinn Group.
32.5.1Transfer of pension savings to another custodian 1%
32.5.2Minimum 6,000kr.
32.6 For services not paid for in any other way, hourly rate
32.6.1 General work
Work that requires a greater level of expertise must be agreed upon separately.
32.6.1.1General work - hourly rate7,500kr.
32.6.1.2Minimum4,000kr.
32.7 Faxing
32.7.1Faxing within Iceland, each page 100kr.
32.7.2Faxing overseas, each page 200kr.
32.8Commission for quota transfer 10,000kr.
32.9 Handling cost for establishing new business relationship with foreign clients
32.9.1Handling cost for establishing new business relationship with foreign clients/legal entities domiciled abroad (application for Id. No., KYC etc.) Includes cost of applying for new Id. No. with the National Registry25,000kr.
32.9.2Handling cost for establishing new business relationship with foreign clients/individuals domiciled abroad (application for Id. No., KYC etc.)20,000kr.
32.9.3Handling cost for establishing new business relationship with foreign clients/individuals physically present in Iceland2,000kr.
32.10Varðan advisory service for non-members12,000kr.
33 MasterCard
33.1 ATLAS Card (discontinued)
33.1.1Annual fee 5,500kr.
33.1.2Annual fee for additional card2,750kr.
33.2 MasterCard Gold with traveller cheque
33.2.1Annual fee9,500kr.
33.2.2Annual fee for additional card4,750kr.
33.3 Platinum Card with traveller cheque
33.3.1Annual fee18,600kr.
33.3.2Annual fee for additional card7,000kr.
33.4 Corporate Card
33.4.1Annual fee for Purchase Card0kr.
33.4.2Annual fee for Vildarkorts Corporate13,900kr.
33.4.2.1Personal Card, available with Corporate Card upon request 0kr.
33.4.2.2Personal Card, annual fee of additional card4,750kr.
33.4.3Annual fee for Business Gold Card (discontinued)10,900kr.
33.4.4Annual fee for Business Platinum Card (discontinued)18,600kr.
33.5 Other MasterCard fees
33.5.1Reissue of lost card, in Iceland1,400kr.
33.5.2Domestic cash withdrawal, commission2.2%
33.5.3Domestic cash withdrawal, withdrawal fee120kr.
33.5.4 Cash withdrawal abroad
33.5.4.1Cash withdrawal abroad, commission2.5%
33.5.4.2Minimum fee440kr.
33.5.5Transaction fees for payment equalisation260kr.
33.5.6 Emergency cash
33.5.6.1Emergency cash3.5%
33.5.6.2Emergency cash, Minimum fee3,000kr.
33.5.7Invoice fee, paid with payment slip340kr.
33.5.8Invoice fee, electronic payment slip, Internet banking statement210kr.
33.5.9Invoice fee, using Direct Debit195kr.
33.5.10Invoice fee, using Direct Debit, Internet banking statement75kr.
33.5.11Balance and transactions read over phone by employee95kr.
33.5.12Default of payment in accordance with item 7
34 Visa credit cards
Credit card fees not included in this Tariff of Charges can be found in the card issuers' tariffs.
34.1Account without a card, annual fee0kr.
34.2 Visa Classic
34.2.1Annual fee2,600kr.
34.2.2Annual fee for additional card (family card and linked card)1,300kr.
34.3 Náman A - card
34.3.1Annual fee, includes basic travel insurance 495kr.
34.3.2Annual fee, includes comprehensive travel insurance2,900kr.
34.3.3Annual fee for additional card (family and linked cards), includes basic travel insurance495kr.
34.3.4Annual fee for additional card (family and linked cards), includes comprehensive travel insurance1,450kr.
34.4 My Card (personalised picture card) (discontinued)
34.4.1Annual fee 2,900kr.
34.4.2Annual fee for additional card (family card and linked card)1,450kr.
34.4.3Annual fee for Icelandair Saga Club Card600kr.
34.5 Visa Black (discontinued)
34.5.1Annual fee 2,900kr.
34.5.2Annual fee for additional card (family and linked cards)1,450kr.
34.5.3Annual fee for Icelandair Saga Club Card600kr.
34.6 Black A-card
34.6.1Annual fee 5,300kr.
34.6.2AnAnnual fee for additional card (family and linked cards)2,100kr.
34.7 Travel card / Premium Travel Card
34.7.1Annual fee 5,300kr.
34.7.2Annual fee for additional card (family and linked cards)2,100kr.
34.7.3Annual fee for Icelandair Saga Club Card1,500kr.
34.8 Gold Card / Gold A Card / Gold Premium Card
34.8.1Annual fee 8,900kr.
34.8.1.1Monthly fee if assessed on a 12M basis742kr.
34.8.1.2Quarterly fee if assessed on a 3M basis2,225kr.
34.8.2Annual fee for additional card (family and linked cards)3,700kr.
34.8.3Annual fee for Icelandair Saga Club Card1,500kr.
34.9 Platinum Premium Card / Platinum A Card
34.9.1Annual fee 19,500kr.
34.9.1.1Monthly fee if assessed on a 12M basis1,625kr.
34.9.1.2Quarterly fee if assessed on a 3M basis4,875kr.
34.9.2Annual fee for Family Card9,900kr.
34.10 Visa Business
34.10.1Annual fee, Purchase Card0kr.
34.10.2Annual fee for Silver Business Card / Silver Premium Business Card8,900kr.
34.10.3Annual fee for Gold Business Card / Gold Premium Business Card15,900kr.
34.10.4Annual fee for Platinum Premium Business Card22,500kr.
34.10.5Annual fee for Icelandair Saga Club Card1,500kr.
34.11 Landsbankinn Gift Card
34.11.1Landsbankinn Gift Card440kr.
34.11.250% discount for clients in loyalty programmes220kr.
34.11.3Corporate customers of Landsbankinn get a 50% discount on the card220kr.
34.12 Other VISA fees
34.12.1Domestic cash withdrawal, commission2.2%
34.12.2Domestic cash withdrawal, withdrawal fee120kr.
34.12.3Transaction fee, split payments (Fjölgreiðslur)250kr.
34.12.4Invoice fee, paid with payment slip340kr.
34.12.5Invoice fee, electronic payment slip, Internet banking statement210kr.
34.12.6Invoice fee, debited from account195kr.
34.12.7Invoice fee, debited from account, Internet banking statement 75kr.
34.12.8PIN code via Internet banking0kr.
34.12.9Balance and transactions read over phone by employee95kr.
34.13Default of payment in accordance with item 7
34.14 Valitor's tariff for Visa credit cards
34.14.1Reissue of card1,800kr.
34.14.2Reissu of card numbers attached to card-free accounts600kr.
34.14.3Emergency cash3,500kr.
34.14.4Emergency card5,900kr.
34.14.5 Cash withdrawal abroad
34.14.5.1Cash withdrawal abroad, commission2.75%
34.14.5.2Minimum fee for cash withdrawal abroad650kr.
34.14.6PIN code on paper, sent or collected at branch500kr.
35 Vehicle loans and vehicle facilities
35.1 Initial cost and collection
35.1.1 Borrowing charge, percentage of loan amount
35.1.1.16 mos.1.5%
35.1.1.27 - 30 mos.2%
35.1.1.331 - 47 mos.2.5%
35.1.1.448 - 59 mos.3%
35.1.1.560 - 84 mos.3.5%
35.1.1.6Loyalty programme-1%
35.1.2Stamp duty, percentage of loan amount1.5%
35.1.3Fee for registration2,000kr.
35.1.4Payment fee per due date595kr.
35.1.5Payment fee if borrower has taken out multiple loans245kr.
35.1.6Payment fee if direct payment/payment services apply to loan120kr.
35.2 Changes to loan terms
35.2.1New leased equipment/transfer of pledge10,000kr.
35.2.2Change of borrower10,000kr.
35.2.3 Debt restructuring
35.2.3.1Debt restructuring10,000kr.
35.2.3.2Debt restructuring, loan in arrears1%
35.2.3.3Debt restructuring, loan in arrears - minimum10,000kr.
35.2.4Change to loan currency
Currencies can only be changed from foreign currencies to ISK		0kr.
35.3 Non-fulfilment
35.3.1Collection warning after 7 days0kr.
35.3.2Reminder after 20 days1,250kr.
35.3.3Final reminder after 35 days1,250kr.
35.3.4Telegram after 55 days (price per telegram)2,500kr.
35.3.5 Premium on redeemed commitments towards third parties
35.3.5.1Parking tickets, vehicle tax and negligence fee2,800kr.
35.3.5.2Vehicle weight tax, insurance, fees on redeemed debt up to3%
35.3.5.3Vehicle weight tax, insurance, fees - minimum2,800kr.
35.4 Other
35.4.1Search for document and photocopying per page300kr.
36 Private or operating lease
25.5% VAT levied on all fees where VAT applies to agreements
36.1 Initial cost and collection
36.1.1Leasing fee is calculated per day from delivery of vehicle to 1st due date for payment and collected with 1st lease payment
36.1.2Payment fee per due date595kr.
36.1.3Payment fee if borrower has taken out multiple loans245kr.
36.1.4Payment fee if direct payment/payment services apply to loan120kr.
36.2 Non-fulfilment
36.2.1Collection warning after 7 days0kr.
36.2.2Reminder after 20 days1,250kr.
36.2.3Final reminder after 35 days1,250kr.
36.2.4Telegram after 55 days (price per telegram)2,500kr.
36.2.5 Premium on redeemed commitments towards third parties
36.2.5.1Parking tickets, vehicle tax and negligence fee2,800kr.
36.2.5.2Vehicle weight tax, insurance, fees on redeemed debt up to3%
36.2.5.3Vehicle weight tax, insurance, fees - Minimum2,800kr.
37 Lease-to-purchase, financial leasing
25.5% VAT levied on all fees where VAT applies to agreements
37.1 Initial cost and collection
37.1.1Leasing fee is calculated per day from disbursement to 1st due date for payment and collected with 1st lease payment
37.1.2Payment fee per due date595kr.
37.1.3Payment fee if borrower has taken out multiple loans245kr.
37.1.4Payment fee if direct payment/payment services apply to loan120kr.
37.1.5 If loan includes VAT interest is paid on bills from disbursement to repayment of VAT
37.1.6Initial fee collected on 1st due date for payment1.75%
37.2 Non-fulfilment
37.2.1Collection warning after 7 days0kr.
37.2.2Reminder after 20 days1,250kr.
37.2.3Final reminder after 35 days1,250kr.
37.2.4Telegram after 55 days (price per telegram)2,500kr.
37.2.5 Premium on redeemed commitments towards third parties
37.2.5.1Parking tickets, vehicle tax and negligence fee2,800kr.
37.2.5.2Vehicle weight tax, insurance, fees on redeemed debt up to3%
37.2.5.3Vehicle weight tax, insurance, fees - Minimum2,800kr.
37.3 Alterations to a contract
37.3.1New leased equipment/transfer of pledge10,000kr.
37.3.2Change of borrower10,000kr.
37.3.3 Debt restructuring
37.3.3.1Debt restructuring10,000kr.
37.3.3.2Debt restructuring, loan in arrears1%
37.3.3.3Debt restructuring, loan in arrears - minimum10,000kr.
37.3.4Change to loan currency
Currencies can only be changed from foreign currencies to ISK		0kr.
37.4 Pre-payment charge
37.4.1Outstanding amount acc. to agreement3%
41 Description missing
41.1Description missing0.25%
41.2Description missing1.5%
41.3Description missing0.5%
41.4Description missing0.75%
41.5Description missing0.3%
41.6Description missing10%
41.7Description missing0kr.