Because the aurar coins are of such small value, you will usually find prices rounded off to the nearest kr na. Both Landsbanki and B na arbanki have a branch close to the University of Iceland. Landsbanki is next to H sk lab , and B na arbanki is inside H tel Saga. To open such an account, you will need to produce your ID number and student identity card or other valid identification. You can also use your credit card to withdraw money in banks and at ATMs if you have a PIN number.
All banks offer foreign exchange service during banking hours.
Change Group Iceland is inside the Tourist Information Centre at Bankastr ti 2. The exchange office accepts all major foreign currency, Travellers Cheques, Euro Cheques, credit and debit cards, and is an agent for Western Union Money Transfers. Open 7 days a week. Change Group Iceland has another office inside McDonald's, Austurstr ti 20. Food sold in supermarkets is, on the whole, comparatively cheaper than food sold in corner shops.