Personal banking

Individuals

Foreign citizens that are domiciled abroad can establish a business relationship with Landsbankinn in order to make deposit transactions. Processing of the application entails an assessment of the applicant's eligibility and the establishment of an Id.No. in the event of transactions being made. Transactions are not made for amounts below ISK 2,000,000.

For further information please send an email to info@landsbankinn.is.

An application and the necessary accompanying documents can be sent to:

Landsbankinn hf. – Customer Service Centre
Thorvaldsensstraeti 4, 1. floor
155 Reykjavík
Iceland

Applications which must be filled out by applicant:

  • Application for a savings or foreign currency account for individuals (0393)
  • Power of Attorney to obtain Icelandic Id. No. for individuals (0080)
  • Custody account agreement for individuals (0111)

Other documents which must accompany the application:

  • W-8BEN or W-9 if the applicant will be receiving income from the US (from the Internal Revenue Service, www.irs.gov)
  • A copy of a valid passport or other identification issued by public authorities, such as identification attested by a relevant embassy, notary public or another recognised authority
  • A letter of recommendation from a bank, signed and stamped by the bank (bank reference)
  • A utility bill that verifies your name and permanent address, no older than 3 months
  • Declaration of intent and scope of business, i.e. proposed deposit amount and term of deposit (minimum initial deposit is ISK 2,000,000)