Online Banking Specialist salary in Iceland

Average Yearly Salary of Online Banking Specialist in Iceland is approximately 6,073,613 ISK (42,186 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Online Banking Specialist do?

An online banking specialist is responsible for managing and overseeing the digital banking operations of a financial institution. They ensure the smooth functioning of online banking platforms, including websites and mobile applications, and provide technical support to customers. Their duties may include setting up online accounts, troubleshooting technical issues, assisting with online transactions, and ensuring compliance with security protocols. Online banking specialists also stay updated on industry trends and advancements in technology to improve the overall user experience. They collaborate with various teams, such as IT, marketing, and customer service, to enhance online banking services and address customer needs effectively.

Skills: online banking, digital banking, financial technology, customer support, cybersecurity, financial services
Job industry: Finance

How much does Online Banking Specialist make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Online Banking Specialist a well paid job?

No, our data shows that Online Banking Specialist is typically not a well-paid job. The salary varies based on experience. Meaning that even though Online Banking Specialist might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Online Banking Specialist?

High salary for Online Banking Specialist would be somewhere between 6,680,974 ISK and 8,806,739 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Online Banking Specialist in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 6,073,613 ISK
Estimated Monthly Salary: 506,134 ISK
Estimated Weekly Salary: 116,800 ISK per week
Estimated Hourly Salary: 2,920 ISK per hour
By working as Online Banking Specialist a person can save up to 787 USD per month or 9,440 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Online Banking Specialist

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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