Aur review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Aur suits Iceland residents who want a card and an app with a monthly fee of ISK 0 and a variable rate of 2.75% credited monthly with no notice period. The catch is currency conversion, where the fee of 2.6% leaves Aur ranked 253 of 312 on the site.
Key facts
- Best for
- Everyday banking in Iceland with no monthly charge and interest paid on the balance each month.
- Monthly fee
- ISK 0↗
- Currency conversion fee
- 2.6%↗
- Transfer fee
- 0 kr.↗
- Legal entity
- Kvika banki hf.↗
- Headquarters
- Iceland↗
- Support channels
- Email, Phone, Help-centre↗
- Pricing model
- No monthly fee
- Features
- Free ATM withdrawals, Digital-only
- Official website
- aur.is
Savings
Money transfer
- Exchange rate markup
- 2.6%↗
- Delivery time
- Instant, 24/7↗
- Payout methods
- Bank, Wallet↗
- Fee to send 1,000
- ISK 0↗
Facts checked September 26, 2026, 10 sources
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- Monthly fee of ISK 0 and transfer fee of 0 kr. on an easy access account.
- Interest of 2.75% paid monthly on the balance, with no notice period to worry about.
- Free ATM withdrawals listed under free atm and digital only, with the balance and card handled in the app.
- Support by email, phone and help centre, including a help centre and a phone line.
Cons
- Currency conversion fees of 2.6% rank Aur 253 of 312 here, so foreign spending comes at a real cost.
- The variable rate of 2.75% sits below the everyday account median in this group, so balances earn less than some rivals.
Who it suits
- Iceland residents who want an easy access account, easy access, with a monthly fee of ISK 0 and interest paid monthly.
- People who pay in Icelandic krona and rarely convert, since a fee of 2.6% applies to foreign spending.
- Card users who want cash machine access in Iceland and abroad, with free withdrawals under free atm and digital only.
Who should look elsewhere
- Frequent travelers, who should weigh Varo Visa Debit Card instead: the conversion fee of 2.6% applies to every conversion, and its monthly fee is also $0.
- Anyone banking outside Iceland, where Crezu ES at a monthly fee of €0 and Bit2Me at a monthly fee of €0 are the ones to compare.
Rates and card terms
Aur pays 2.75% on the balance, and the rate type is variable. That pairing is the main thing to read here: the rate is variable, so it can move up or down rather than sitting at a fixed level for a set term. The interest is paid on the everyday balance rather than in a fixed deposit, which fits an account you live out of.
Fees and FX
The everyday account carries a monthly fee of ISK 0 and a transfer fee of 0 kr., so the standing costs sit at the bottom of the range. Currency conversion is the opposite story: a fee of 2.6% applies on the exchange, well above where most of the accounts compared here sit. Spend in Icelandic krona and the fee rarely bites.
How Aur compares
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9.0 vs 8.7
9.0 vs 8.7
9.0 vs 8.7
9.0 vs 9.0
9.0 vs 8.7
9.0 vs 9.5
9.0 vs 9.4
9.0 vs 9.3
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.1
9.0 vs 9.0
9.0 vs 9.0
9.0 vs 8.9
9.0 vs 8.9- 9.0 vs 8.9
9.0 vs 8.7
9.0 vs 8.5
9.0 vs 8.5
9.0 vs 8.5
9.0 vs 8.4
9.0 vs 8.3
9.0 vs 8.2
9.0 vs 8.1- 9.0 vs 8.1
9.0 vs 8.0
9.0 vs 8.0
9.0 vs 8.0
9.0 vs 9.1
Where Aur is available
- Available
- Iceland
- Licence in Iceland
- Financial Supervision of the Central Bank of Iceland, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does an Aur account cost each month?+
The everyday account has a monthly fee of ISK 0 and a transfer fee of 0 kr., so the standing costs sit at the bottom of the range among the accounts compared. The pricing model is no monthly fee, which is the first thing to weigh against a paid plan. Currency conversion is charged separately and sits outside those costs.
What interest rate does Aur pay?+
Aur pays 2.75% and the rate type is variable, so the number can change rather than being fixed for a period. Interest is credited monthly on the balance and there is no notice period on the account. That makes it an everyday account paying a running rate rather than a term deposit.
How much does Aur cost when I convert currency?+
The currency conversion fee is 2.6% and the exchange rate markup is 2.6%, so foreign spending carries a real cost. On this site that ranks Aur 253 of 312 brands compared. Spending in Icelandic krona and cash machine withdrawals in Iceland and abroad stay clear of it, so the fee mainly hits travel and foreign subscriptions.
Who regulates Aur and where is the account based?+
Aur is run by Kvika banki hf. in Iceland, and the regulator listed for it is the Financial Supervision of the Central Bank of Iceland. The account is easy access rather than a savings product, and interest of 2.75% is credited each month, so it is built for day to day money.
Can I use an Aur card and cash machines?+
The feature list for the account, free atm and digital only, includes free ATM withdrawals, and the service is digital only, so the app and the card handle the account day to day. Cash machine withdrawals work in Iceland and abroad, and the balance and card are available in the app straight away without any notice period.
How do I get paid, and how fast is the money?+
Money comes in and goes out through a bank account or a wallet, listed under bank and wallet. Delivery is Instant, 24/7, so transfers land at any hour of the day or night. With a transfer fee of 0 kr. and a monthly fee of ISK 0, moving money in and out stays at the floor of the range.
How do I get help from Aur?+
Support runs through email, phone and help centre, so email, phone and a help centre are all available. Questions about the card, app access to the balance, and ATM withdrawals in Iceland and abroad sit within that support. The account is digital only, so most of the day to day work is done in the app.
Who is an Aur account for?+
It suits Iceland residents who want an easy access account, easy access, with interest of 2.75% paid monthly and no notice period. It also suits people who pay in Icelandic krona. It is less suitable for frequent foreign spending, since the conversion fee of 2.6% is charged on every conversion.
Sources
- aur.is/almennir-skilmalar checked September 26, 2026
Backs: Rate type
- aur.is/gengi-gjaldmidla checked September 26, 2026
Backs: Exchange rate markup
- aur.is/kort-reikningar checked September 26, 2026
Backs: Access terms, Account kind
- aur.is/spurt-svarad checked September 26, 2026
Backs: Delivery time, Payout methods
- aur.is/verdskra checked September 26, 2026
Backs: Headline rate, Fee to send 1,000
“Innlánsvextir á Aur reikningum - greiddir út mánaðarlega 2,75%”
- aur.is checked September 26, 2026
Backs: Headquarters, Legal entity
- aur.is/gengi-gjaldmidla checked September 26, 2026
Backs: Currency conversion fee
- aur.is/hafa-samband checked September 26, 2026
Backs: Support channels
“aur@aur.is, Simi: 519-8070, Spurt & svarad help page”
- aur.is/kort-reikningar checked September 26, 2026
Backs: Transfer fee
“Faerslugjold - Aur kort 0 kr. - Aur Null account”
- aur.is/spurt-svarad checked September 26, 2026
Backs: Licences
- aur.is/verdskra checked September 26, 2026
Backs: Features, Pricing model, Monthly fee
“Aur Null askrift (Debetkort) 0 kr. - frภาษาitt debetkort”
Compiled from 11 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currencies.
Related by the facts
Aur
Everyday banking in Iceland with no monthly charge and interest paid on the balance each month.