Iceland Money Transfers
Transfering money to Iceland, whether for emigration, imports, or sending money to a family member, using a regulated currency broker is fast, simple and safe. For a live quote on your money transfer, fill in your details on the form above and an FSA-regulated currency company will be in touch.
Making Icelandic Money Transfers
Bank Details Required
You will need the following information to make a money transfer to Iceland:
Transfer Time for Icelandic Money Transfers
Icelandic money transfers are usually received the day after transmission. If you are using a currency company for sending money to Iceland, you should find funds arrive the next day after you have settled in sterling with your provider. In some cases Icelandic banks may take one extra day to physically clear funds to the final beneficiary account.
Charges and Exchange Rates
The cost of international money transfers can be broken down into 2 sections: transfer charges, and exchange rates. Banks normally charge around £30 for a transfer, and also make up to 4% by 'loading' the exchange rate applied to a transaction.
Both these costs can be reduced by using a currency broker. Usually transfer charges are much less (or free), and the exchange rate should be much closer to the market rate. Please see our dedicated page on Icelandic Krona exchange rates for more information. Euro payments are often also accepted in Iceland, particularly for larger transactions. For a quote from a currency broker to send either currency, simply fill in your details at the top of the page.
There may also be a small charge made by the receiving bank, to process and credit the payment to the Icelandic bank account, and/or the routing bank, which is an intermediary used to route the payment through the international banking network to the recipient bank.