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Tariff changes – foreign payments

Landsbankinn's tariff has been amended to reflect changes in foreign exchange transactions. Most of the changes enter into effect today, 19 June, while others become effective on 20 August. Landsbankinn’s customers will soon be able to carry out foreign payments in online banking at a lower cost than when purchasing such transactions from cashiers in branches and most of the changes are a reflection of this.

In addition to changes to foreign payment items in the tariff, certain charges are cancelled and new options and tariff items added. Among new items are so-called euro payments, or SEPA payments, which customers will be able to carry out through online banking. SEPA stands for the single euro payment area, a European-wide standard intended to facilitate euro denominated transfers between European countries, reducing the cost of such payments. It will be less expensive to transfer currency through online banking than with cashiers in branches and this applies to both euro denominated payments (SEPA) as well as other foreign transfers (SWIFT).

Changes to item descriptions are made for clarification purposes and enter into effect immediately. Among changes to the tariff, published with two months’ notice and entering into effect on 20 August, are the introduction of a set fee on queries, the charge on cancelling or recalling payments increases and charges on SWIFT payments changes.

Information about the new and old tariff of Landsbankinn


News and Notifications - 15 November 2018 09:15 AM

Landsbankinn changes interest rates

Today, Landsbankinn has raised non-indexed deposit and lending rates by 0.10-0.25 percentage points and lowered variable indexed deposit and lending rates by 0.10 percentage points. Rates on domestic foreign currency accounts have also been increased.


Vikubyrjun/Weekly bulletin - 12 November 2018 10:53 AM

Icelandic Economic Weekly: Monday 12 November 2018

The MPC raised policy rates by 0.25 percentage points. Concurrent with the policy rate decision, the CBI released its quarterly Monetary Bulletin. Icelandair Group acquired WOW air. Íslandsbanki released results for the first 9 months of the year.


News and Notifications - 07 November 2018 09:12 AM

Resigns as a Member of the Board of Directors of Landsbankinn hf.

Samúel Guðmundsson has resigned from the Board of Directors of Landsbankinn. Samúel was elected as alternate to the Board of Directors in April 2016 and became a regular member in March 2018.