Compare money transfers to Iceland

The best services to transfer money to Iceland

Some of us find ourselves trying to purchase land in Selfoss, give out loan to a brother in Reykjavik, or even seal the deal with our supplier in Akureyri. If any of these or something similar rings a bell to you, you're most likely trying to wire money to Iceland.

If you're new to the world of overseas transactions, especially concerning this Nordic Island Nation, you might experience some apprehension. That's perfectly normal. Using the right platform that is stress-free and free from security risks, will lessen your worries with time. But how exactly do you find the right transfer service? There are so many of them, and figuring out which one is the best, can be tricky. We'll be taking you through all of that in this article. You'll learn the easiest way to transfer funds to your friends and family in Iceland, from any country.

How to easily process a money transfer to Iceland?

The process of sending money to Iceland is similar to that of sending money to any other international country. You'll first have to identify a transfer service in your country that has Iceland as a beneficiary. The rest is quite simple. You'll often be required to create an online profile first. These would include relevant banking details, depending on the method of payment available, you might also have to provide your credit card information. Once that's complete, you can fill in your beneficiaries' details like their bank account, and start making a transaction.

Easy right? Well, that's only after identifying the right remittance companies. To help you out, consider points such as payment method (both in and out), and window frame of the transfer. Don't forget to cross-check the value of your currency against Icelandic Krona.

Which service should you use to send money to Iceland?

Many countries engage in international transactions with Iceland daily. For many countries, WorldRemit is the sole or at least the most popular transfer service. They are fast, often completing your transfer within minutes of finalization. WorldRemit is also flexible with their payment methods. Other highly rated providers include Wise, WesternUnion, and Skrill.

How much does it cost to send money to Iceland?

It's no surprise that people will often try to find the cheapest way to send money to Iceland. While the cost of an international money order can be static, it's quite different from online transactions. You'll find that the price can vary widely across various services and countries. With that in mind, you might notice that Western Union charges 0.004% in online fees on an amount that WorldRemit charges nothing.

Still, ask yourself, what are their delivery options, what exchange rate do they use, and ultimately how much will the person receive after deducting other fees.

About us

Our Company is, without a doubt, one of the best ways to compare money transfers to Iceland. You can avoid the problematic procedure that moving currency virtually entails, with no negotiations on efficiency or security. So you can buy that piece of land Selfoss, or help out the brother in Reykjavik.