Cash Management

Íslandsbanki provides ISK account services for foreign financial institutions.

We offer competitive interest rates and fees. Daily SWIFT MT950 messages are free of charge.

How to apply for an account

Financial institutions that wish to open an account with Íslandsbanki, need to send us an authenticated Swift message, (MT199 or MT299), formally requesting the account opening. If the institution has never held an account in Iceland, we will also need to receive a copy of your Certificate of Incorporation, which must be dated within the last three months. This Certificate will be used to apply for an Icelandic Tax ID number on your behalf. It is sufficient to send it as a pdf file via e-mail. Please address the Swift message to Treasury - Financial Institutions, and the e-mail to