Instructions: Split your costs

Spreading the cost of your card payments is just one click away if you use the Íslandsbanki app.

1. Open the app by typing in your security code.
2. At the top of the screen, you can see the cards you have registered in the app. Swipe left or right to select the card you want to use to split the cost.
3. Click the three dots at the bottom of the screen, then select "Spread the cost". You can choose to split the entire invoice or selected transactions.
4. Click the three dots at the bottom of the screen, then select "Distribute". You can choose to distribute all invoices or selected transactions.
5. Next, select how many months you need to split the cost, and you'll receive an overview and payment plan.
6. Please confirm your contact information so we can send you the details about splitting the cost.
7. Once these steps have been completed, the unpaid invoice for the total amount is cancelled. A new invoice is then created for immediate payment of at least 10% of the total amount for the distribution to take effect.

Note that the minimum balance required to distribute payments from a card account is ISK 20,000.