- HQ
- London
- Fee
- Free personal

Icelandic savings bank. TIF €100k. Not an Indonesian wallet and not an EMI.
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Our take
indó sparisjóður hf. is an Icelandic savings bank. Central Bank of Iceland. TIF up to €100,000. Nóatún 17, Reykjavík. You need an Icelandic electronic ID, age 18, EEA residency. Directories spell it Indo and file it next to an Indonesian wallet. This desk will not.
Founded 2018, launched as a fee-allergic current account in a market of three large banks. Sustainability-index brag is marketing. The sparisjóður word is the review.
indó lists Savings bank — indó sparisjóður hf. under Central Bank of Iceland in Iceland. On safeguarding we currently write: TIF up to €100,000 per depositor per bank. Holder / issuer line: indó sparisjóður hf.. An AML programme is claimed. Local bank details (IBAN / sort code / equivalent) are part of the pitch. We list 1 live markets on the product. As we score the sticker: monthly ISK 0 core pitch — confirm live; FX No FX-fee pitch — still an ISK bank; ATM No card-fee pitch — confirm live. This desk would open it for: People with Icelandic electronic ID and EEA residency who want a TIF savings bank, not a travel wallet.
What it does well: Named Icelandic savings bank; TIF €100k; Fee honesty is the product. What to watch: Iceland-resident / eID; Tiny market; Directories collide with Indonesia. Desk score 7.0 / 10 (safety 8.2, fees 8.4, features 6.4, app 7.4). Last verified 2026-08-30. Headquartered in Reykjavík, Iceland; founded 2018. None of this is advice — it is a file so you can read the entity before the card colour.
Best for: People with Icelandic electronic ID and EEA residency who want a TIF savings bank, not a travel wallet.
TIF up to €100,000 per depositor per bank
Holder / issuer: indó sparisjóður hf.
Licence
Icelandic savings bank. Not an Indonesian wallet. EEA + eID.
indó holds a banking-style licence (Central Bank of Iceland). Still read the legal entity on the statement, not the app icon.
TIF up to €100,000 per depositor per bank
We list 1 market desk on the desk. Residency and onboarding rules still sit with indó.
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No published user reviews yet. The desk score still comes from licence, fees, and the product — not from a empty star average.