FAQ

  • Can foreign nationals, who are not residents of Iceland, open an account with Landsbankinn?
  • How long does it take to open an account for a foreign client who is not a resident of Iceland?
  • Can the right to sign (power of attorney) be granted to other parties for an account opened for a foreign national?
  • What interest rates are paid on Landsbankinn accounts?
  • What is a custody account?
  • Regarding the certification of an applicant's passport copy - is it acceptable to have the copy certified by a local mayor?
  • Are deposits taxed in Iceland?
  • Does the Icelandic state guarantee customer deposits if a bank ends up in financial difficulties?
  • Can you buy Certificates of Deposit (CDs) in Iceland?
  • Can I conduct derivative transactions with Landsbankinn?
  • Can foreign transfers be carried out through online banking?
  • Can I have access to Landsbankinn online banking?
  • What is inflation indexation?