RelatedIcelandZero Min DepositOnline OnlyFast Approval

Arion BankArion 银行

Iceland 传统银行 In-branch required Residents only ★ 3.9
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Minimum depositBasic account, no minimum deposit
Monthly feeBasic account about ISK 300-600/month
Minimum balanceNo minimum balance
How to apply—
Processing timeAbout 30 min at the counter
Institution typeTraditional Bank
Data baseline 2026-10. Editor-verified, but rules change — confirm with the official site before applying. Data transparency →

About this bank

Advantages

  • One of the three major banks, solid personal banking
  • English service available
  • Free basic account
  • Branches in major towns

Things to note

  • Kennitala mandatory
  • Residence permit required for non-EEA
  • Smallest of the three major banks

Documents required

  • Kennitala
  • Valid passport
  • Registered Icelandic domicile
  • Residence permit (non-EEA)

Kennitala required; booking a branch appointment is recommended

Opening offers & benefits

Standing benefits

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

No Min Deposit
Bank offers change frequently by region and quarter. Checked 2026-10; follow the bank's official promo page.

FAQ

Ready? Open your account

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

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