Banking

Banking in Iceland — what locals actually use

Local retail bank apps.

10 picksUpdated May 4, 2026

Quick answer

For banking in Iceland, start with trusted local tools, websites and community tips — then check city-specific availability. Coverage, language support and payment methods often vary by place.

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10 picks

Tools locals use

Apps, websites and services we've vetted for banking in Iceland.

Tools locals use

10 picks

10 results

Official site

Wise (formerly TransferWise)

A global technology company that facilitates international money transfers and offers insights on corporate taxation.

App

Arion banki

A leading retail bank in Iceland providing a full range of banking services.

App

Íslandsbanki

A major Icelandic financial institution offering personal and corporate banking services.

App

Landsbankinn

One of Iceland's largest banks, providing diverse financial services to individuals and businesses.

App

Kvika banki

A smaller, specialized bank in Iceland focusing on investment banking, asset management, and some retail services.

App

Western Union

Another major global player for international money transfers, offering services for sending and receiving funds.

App

PayPal

A widely used online payment system for secure purchases and sending money.

App

N26

A mobile-first bank offering easy and modern banking solutions.

App

Monzo

A popular UK-based challenger bank offering a digital-first current account with smart budgeting features.

App

Revolut

Revolut, primarily a financial super app, also offers eSIM plans, integrated within its banking services.

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Tools locals use

Wise (formerly TransferWise)

Arion banki

Íslandsbanki

Landsbankinn

Kvika banki

Western Union

PayPal

N26

Monzo

Revolut

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