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The 1967 Icelandic Cup was the eighth edition of the National Football Cup.

It took place between 29 July 1967 and 21 October 1967, with the final played at Melavöllur in Reykjavík. The cup was important, as winners qualified for the UEFA Cup Winners' Cup (if a club won both the league and the cup, the defeated finalists would take their place in the Cup Winners' Cup). Teams from the Úrvalsdeild karla (1st division) did not enter until the quarter finals. In prior rounds, teams from the 2. Deild (2nd division), as well as reserve teams, played in one-legged matches. In case of a draw, lots were drawn. From the semi-finals, after a replay, lots were drawn.

KR Reykjavík won their 7th Cup in 8 seasons, beating 2. Deild Víkingur Reykjavík, 3 - 0 in the final.

• Entrance of 6 clubs from 1. Deild

21 October 1967 (1967-10-21)

KR Reykjavík	3–0	Víkingur Reykjavík (D2)
Schram Sigmunðsson Felixson	Report

Melavöllur, Reykjavík

• KR Reykjavík won their seventh Icelandic Cup and qualified for the 1968–69 European Cup Winners' Cup.

• 1967 Úrvalsdeild
• Icelandic Cup

• (in Icelandic) 1967 Icelandic Cup results at the site of the Icelandic Football Federation