Q&A

Foreign payments

  • What is SEPA?
  • What is IBAN?
  • What is SWIFT/BIC?
  • Where can I find an IBAN number/SWIFT code for my account?
  • Is there a charge for foreign transfers in online banking?
  • What is a Federal Wire, Routing number or ABA number?
  • To what countries can I make a foreign transfer?
  • In what currencies can I make a foreign transfer?
  • To what countries can I send euro payments (SEPA payments)?
  • What are euro payments?
  • Do I have to apply to make foreign payments?
  • Where do I find foreign transfers in online banking?
  • Can I block foreign transfers in online banking?
  • What is an express transfer?
  • What does sharing the cost mean?
  • What does pay all costs mean?

Obligation to notify

Please note that, despite the fact that capital controls have been almost completely lifted in Iceland, Landsbankinn must notify certain transactions to the Central Bank of Iceland. In certain cases, Landsbankinn may request further information from customers to fulfil its obligation to notify.

Further details on information provided to the Central Bank