How to send money to Iceland
Discover how to make a money transfer to Iceland at the best rate in 4 easy steps
1. Check the ISK mid-market rate against your own currency
Converting your money on a favorable day means more money arrives. You should subscribe to smart alerts to monitor the evolution of the ISK exchange rate.
2. Select the best deal by comparing the 17 available money transfer companies.
We list quite a few money transfer companies to make money transfers to Iceland, such as TransferGo, TransferWise, Western Union, MoneyGram, Xendpay. Sending money with the most competitive money transfer provider from the more than 17 available options is a sure way to save money.
3. Select the best service for your needs
Do you want to transfer money to Iceland at the lowest overall cost, with the fastest provider or with the provider with the best ratings?
It is also important to pay attention to the pay-in and pay-out methods. Transferring money from your e-banking or via your debit or credit card are the most common pay-in options to send money to Iceland online. At the other end, in Iceland, look at different options if you need the converted amount to be sent directly to the recipient's bank account or be available for cash pick-up.
4. Sign up and start your transfer to Iceland with the provider you selected
Visit the provider's website to register - be prepared to upload an ID and/or a proof of adress - and provide the details of your transfer to Iceland.