indó

indóindó（冰岛数字银行）

Iceland 数字银行 Fully online Residents only ★ 4.1

Minimum depositFree to open, no minimum deposit

Monthly feeNo opening fee; the day-to-day account is billed by actual service

Minimum balanceNo minimum balance

How to apply—

Processing timeAbout 10-15 min in the app (e-ID required)

Institution typeDigital Bank

Data baseline 2026-10. Editor-verified, but rules change — confirm with the official site before applying. Data transparency →

About this bank

Iceland’s first new licensed bank in over 30 years (2022) — digital only, no branches
Free to open with no minimum deposit
Modern app, good if you only need savings and a day-to-day account
Regulated by the Central Bank of Iceland with deposit protection

Still requires a kennitala and electronic ID; tourists and short stays are ineligible
No branches, so cash handling is awkward
Narrower product range than the big three

Obtain a kennitala and electronic ID first, then open the account in the app and request a debit card

These are stable, standing account benefits (not time-limited) — available as long as you qualify:

Bank offers change frequently by region and quarter. Checked 2026-10; follow the bank's official promo page.

Having documents ready lowers the chance of rejection; policies change, so confirm with the bank before applying.

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