How to send money to Iceland
Discover how to transfer money to Iceland at the most competitive cost in a few easy steps
1. See if the Icelandic króna conversion rate is favorable
Even though the currency market is unpredictable, it is a good idea to keep an eye on it so that you can maximize how many you (or your recipient) receives after the currency exchange. Keep an eye on the evolution of the Icelandic króna mid-market and validate your transaction when the exchange rate reaches your target level.
2. Make your choice among the 17 money transfer companies available for transfers to Iceland in order to select the best deal.
We compare 17 services able to send money to Iceland, such as TransferGo, TransferWise, Western Union, MoneyGram, Xendpay. Sending money with the best provider from the list is a sure way to save on costs.
3. Pick the best money transfer company that suits your needs
Do you want to transfer money to Iceland with the best exchange rate and lowest fees, with the fastest option or with the solution with the best customer reviews?
Another important aspect is to consider the options to pay for the transfer and receive the money. You will often have providers offering to you the option to pay by bank transfer, other providers will also give you the option to pay by cards. On the recipient's side in Iceland, look at different options if you need the money to be deposited on a local bank account or be available for cash pick-up.
4. Sign up and start your transaction with the provider of your choice
Now, simply complete the sign-up form on the money transfer provider's online portal - be ready to upload an offical ID and/or a proof of adress - and provide the details of your transfer to Iceland.