indó

Icelandic savings bank. TIF €100k. Not an Indonesian wallet and not an EMI.

NeobankactiveIceland

Rate this app

7.0Solid
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Our take

Desk verdict

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.

Pros

  • +Named Icelandic savings bank
  • +TIF €100k
  • +Fee honesty is the product
  • +Not an EMI

Cons

  • Iceland-resident / eID
  • Tiny market
  • Directories collide with Indonesia
  • Not a remote IBAN mill

How it actually works

Custody
Bank balance
Local rails
IBAN / SEPA
Built for
Personal
Settlement
Local rails instant where live; SWIFT slower
Review risk
Bank-grade; still not freeze-proof
Pay surface
mastercard · physical · virtual · Apple Pay · Google Pay

Safety

TIF up to €100,000 per depositor per bank

Holder / issuer: indó sparisjóður hf.

  • Central Bank of IcelandSavings bank — indó sparisjóður hf. · Iceland

Fees

Monthly
ISK 0 core pitch — confirm live
FX markup
No FX-fee pitch — still an ISK bank
ATM
No card-fee pitch — confirm live

Features

  • IBAN
  • Fee-free core
  • Multi-currency
  • Apple Pay
  • Google Pay
  • Virtual card
  • Physical card
  • Metal card
  • Crypto
  • Stocks
  • Business
  • Kids
  • Halal
  • Icelandic savings-bank current account
  • TIF
  • EEA residency + electronic ID
  • No card-fee pitch
  • Named sparisjóður

Score

Safety25%
8.2
Fees20%
8.4
Features15%
6.4
App15%
7.4
Global15%
3.2
Support10%
7.2

Change log

Full log
  1. Licence

    indó sparisjóður hf. — TIF €100k

    Icelandic savings bank. Not an Indonesian wallet. EEA + eID.

Available in

FAQ

01

Is indó a bank?

indó holds a banking-style licence (Central Bank of Iceland). Still read the legal entity on the statement, not the app icon.

02

How is money protected?

TIF up to €100,000 per depositor per bank

03

Where is indó available?

We list 1 market desk on the desk. Residency and onboarding rules still sit with indó.

04

Card and wallets?

mastercard · physical · virtual · Apple Pay · Google Pay

Ratings and reviews

No published user reviews yet. The desk score still comes from licence, fees, and the product — not from a empty star average.

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Stars plus a short note. We publish after a desk read. “Verified user” is our tick, not yours.

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