Questions and Answers

Dear customers.

We at Landsbankinn will endeavour to answer any questions that our customers may have and we will continue to post answers here on our website.

If you have any questions that are not addressed here, please visit one of our branches or call us at 410 4000. Opening hours of our branches, Service Centre and ATMs remain unchanged. Personal Online Banking is open 24/7.


Deposits

  • What is the difference between inflation-indexed and non-indexed deposit accounts?

  • What is the difference between monthly and annual interest payments?

  • Are deposits with Landsbankinn secure?

  • Are foreign currency accounts (FX accounts) with Landsbankinn also secure?


Back to top


Funds and equity

  • What are the main reasons for impairment to Landsbankinn's funds?

  • Are any funds comprised solely of treasury bonds?

  • What is the difference between owning deposits in savings accounts and assets in UCITS?


Back to top


Pension savings

  • How much can I pay towards supplementary pension savings?

  • Can supplementary pension savings be withdrawn?

  • What happens in the event of the death of a pension fund member?

  • Is it possible to alter the investment options of future premiums?

  • Can mandatory pension savings be withdrawn?

  • What investment options does Landsbankinn offer?

  • Should I continue paying towards supplementary pension savings?

  • Should I transfer my supplementary pension savings from Íslenski lífeyrissjóðurinn to another investment form?

  • Is it possible to terminate a pension savings plan and transfer benefits to other custodians (funds not owned by Landsbankinn)?

  • Are pension savings secure?

  • How are supplementary pension savings taxed?

  • What happens if the beneficiary suffers disability?

  • Do I have to pay my supplementary and mandatory pension savings to the same party?


Back to top

Temporary authorisation to withdraw personal pension savings


Back to top


Housing mortgage and payment netting


See more solutions for households

Back to top

Payment netting of inflation-indexed loans

  • What does payment netting of indexed loans entail?

  • What is the purpose of payment netting of inflation-indexed loans?

  • Who is eligible to apply for payment netting?

  • How do I apply for payment netting?

  • What documents must accompany applications for payment netting?

  • How is payment netting implemented?

  • How much could my repayment burden decrease if I utilise payment netting?

  • Is payment netting cost-efficient?

  • Can I opt out of payment netting later during the loan period?

  • Does payment netting cost anything?


Back to top

Payment netting of exchange rate indexed mortgages

  • What does payment netting of exchange rate indexed mortgages entail?

  • What is the purpose of payment netting of exchange rate indexed loans?

  • Who is eligible to apply for payment netting on exchange rate indexed loans?

  • Does payment netting of exchange rate indexed loans cost anything?

  • Is payment netting of exchange rate indexed loans cost-efficient?

  • How is the netting of exchange rate indexed loans implemented?


Back to top


Inflation and indexation

  • What is indexation?

  • How does indexation work?

  • Which is a better savings form – indexed or non-indexed?

  • When are indexed savings forms a better option?

  • When are non-indexed savings forms a better option?

  • How is it that indexed accounts can yield negative returns?

  • What is inflation?

  • What is deflation?


Back to top



General
Currency Chg.% Bid Ask
EUR 0.00 172.90 174.10
USD Down 0.08 126.68 127.56
GBP 0.00 190.12 191.58
JPY 0.00 1.4003 1.4119
DKK 0.00 23.23 23.4060
CHF Up 0.01 118.15 119.15
TWI Down 0.02 228.15 228.81
Visa
Currency Rate Date updated
EUR 178.1707 11/03
USD 130.6313 11/03
GBP 194.7245 11/03
DKK 24.1379 11/03
SEK 18.3411 11/03
NOK 22.2845 11/03
CHF 122.6875 11/03
MasterCard
Currency Rate Date updated
EUR 178.1157 12/03
USD 129.9918 12/03
GBP 195.1906 12/03
DKK 24.1040 12/03
SEK 18.3976 12/03
NOK 22.3340 12/03
CHF 122.4355 12/03

Links