Expat Advice: Financial Issues in Reykjavik, Iceland

What is the name of the city or town that you are reporting on?

Reykjavik

Which banks do you use? If you have a local account, which bank do you use? How do you like it? Do you also have an account in your home country? Which bank? Do they charge for ATM withdrawals? Do they charge a lot for international wire transfers? How has it been working with them from abroad? Do you use a special international wire transfer service? Do you use an online bank? If so, tell us about them.

To setup a bank account in Reykjavik, you should visit one of the local banks and branches, such as Arion Bank, Landsbankinn, and Íslandsbanki. All of these banks offer comprehensive banking services, including setting up new bank accounts. Before setting up a bank account, it’s wise to bring your passport or other identification document, proof of address in Reykjavik, and some other documents as required by the bank. Additionally, it may be helpful to contact the bank beforehand to see what documents and information you need to provide in order to set up an account.

Allianz Care
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Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.

Allianz Care

Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.
Get Quote