Best companies for GBP/ISK transfers
3 of 3 providers Last updated on 28 October 2026
Based on 6,000 GBP transfer Best companies for GBP/ISK transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee £89.26 1 GBP = 162.9580 ISK +0.03% vs mid-market	Recipient gets kr 963,202.00 Next day
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Iceland with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:SWIFT £89.261 GBP = 162.9580 ISK kr 963,202.00You pay£6,000.00
Promoted Regency FX Pay via Bank transfer	Fee £0.00 1 GBP = 162.5740 ISK +0.27% vs mid-market	Recipient gets kr 975,443.90 Minutes - 24 hours
9 reviews Personal account managerReceive to bank accountProfessional, personal service
Ways to receive money in Iceland with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 GBP = 162.5740 ISK kr 975,443.90You pay£6,000.00
Run a live search Showing top United Kingdom to Iceland deals for 6,000 GBP. Do a live search with your exact amount for today's best rates.
Run a live search Showing companies that send from a business account. Run a business search to get live GBP to ISK rates.
Run a live search These companies offer multi-currency accounts for spending ISK. We suggest doing a live search based on how much GBP you're planning to spend in Iceland.
Run a live search These are managed services with real human support for large GBP transfers. Click the link and update the transfer amount to get the best deal.
Exclusive: First Transfer Deal Regency FX Pay via Bank transfer	Fee £0.00 1 GBP = 162.5740 ISK +0.27% vs mid-market	Recipient gets kr 975,443.90 Minutes - 24 hours
9 reviews Cheapest Personal account managerReceive to bank accountProfessional, personal service
Ways to receive money in Iceland with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 GBP = 162.5740 ISK kr 975,443.90You pay£6,000.00
Wise Pay via Bank transfer	Fee £89.26 1 GBP = 162.9580 ISK +0.03% vs mid-market	Recipient gets kr 963,202.00 Next day
25 reviews Recommended Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Iceland with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:SWIFT £89.261 GBP = 162.9580 ISK kr 963,202.00You pay£6,000.00
Wise Pay via Debit card	Fee £107.84 1 GBP = 162.9580 ISK +0.03% vs mid-market	Recipient gets kr 960,175.00 Next day
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Iceland with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:SWIFT £107.841 GBP = 162.9580 ISK kr 960,175.00You pay£6,000.00
Pricing based on Revolut Standard plan Revolut Pay via Debit card	Fee £92.00 1 GBP = 162.3423 ISK +0.41% vs mid-market	Recipient gets kr 959,118.00 Within minutes
10 reviews Fastest Multi-currency cardReceive to bank account
Ways to receive money in Iceland with Revolut when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes £92.001 GBP = 162.3423 ISK kr 959,118.00You pay£6,000.00
US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US / for details.
Wise Pay via Credit card	Fee £219.22 1 GBP = 162.9580 ISK +0.03% vs mid-market	Recipient gets kr 942,024.00 Next day
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Iceland with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:SWIFT £219.221 GBP = 162.9580 ISK kr 942,024.00You pay£6,000.00
How Our Results Work Mid-market rate: 1 GBP = 163.0141 ISK Updates every 60 minutes.

Why compare

GBP/ISK exchange rate

Best ways to pay & receive

Transfer speed

How to send money from UK to Iceland

Pick a company

For a one-off GBP transfer to Iceland, I suggest picking the cheapest option which is Regency FX.

Regency FX was the cheapest on 27 of the 27 days it quoted £6,000 transfers to Iceland.

On a 6,000 GBP transfer, Regency FX delivers the most ISK.

The best option will change depending on how much you actually send, so I suggest to get the best GBP/ISK rate.

Fund your transfer

You have 3 ways to pay, including bank transfer, debit card, and credit card.

Paying from your bank is usually both cheapest and quickest, since most companies connect straight into your banking app via Open Banking.

Anywhere a debit card works, Apple Pay and Google Pay usually do too.

Verify and send

First time round you'll need to confirm your name, date of birth, address and a photo ID.

On a £6,000 transfer it's normally instant but can take a couple of hours.

Compare amounts

How much GBP are you sending to Iceland?

How much GBP you send to Iceland heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Regency FX was the cheapest in 100% of the transfers from £6,000 it quoted, and in 100% of all the transfers it quoted.


£500	0.51%	£3.50	kr 80,523.00with debit card to bank deposit	+kr 1,408.50
£1,000	0.38%	£7.00	kr 161,127.00with debit card to bank deposit	+kr 2,159.50
£2,000	0.39%	£24.00	kr 320,731.00with debit card to bank deposit	kr 0.00
£6,000This page	0.27%	£0.00	kr 975,443.90with bank transfer to bank deposit	+kr 15,451.32
£10,000	0.27%	£0.00	kr 1,625,764.42with bank transfer to bank deposit	+kr 25,305.34
£50,000	0.25%	£0.00	kr 8,125,807.22with bank transfer to bank deposit	+kr 76,546.48
£250,000	0.20%	£0.00	kr 40,668,973.80with bank transfer to bank deposit	+kr 394,931.53

Mid-market rate: 1 GBP = 163.0141 ISK

GBP/ISK Exchange Rate History

Is today a good time to send money from UK to Iceland?

The cheapest way to send GBP to ISK can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Regency FX), across 30 days of comparisons for 6,000 GBP transfers to Iceland.

Each line shows what the recipient gets when you send £6,000, after fees, as quoted by each company. The mid-market line shows what £6,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more ISK per GBP than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of ISK on every transfer from UK.

Right now, Regency FX pays 975,443.9 ISK on 6,000 GBP, which is 2,640.83 ISK less than the mid-market amount.

Today's payout is the highest in the past month.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Iceland.

We've tracked 196 comparisons to check how often today's top companies were the cheapest across 7 amounts over the past month.

Regency FXAppeared in 96 comparisons
Cheapest every time
WiseAppeared in 187 comparisons
Cheapest in 18% of them
RevolutAppeared in 172 comparisons
Cheapest in 39% of them

Based on 196 comparisons across 7 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Regency FX is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.

Wise (today's second cheapest) was the cheapest in only 18% of its comparisons, so it's rarely the cheapest option for transfers to Iceland.

Ways to send money from the UK to Iceland

There are many ways to send money to Iceland from the UK, including app, multi-currency account, global account, broker, and online, and more.

For small & frequent transfers

Money transfer apps

If you send small amounts back home to Iceland, say weekly or monthly, an app like Wise is the easiest and cheapest way to do it.

It charges £89.26 in fees, has 0.03% markup, lets you save recipient details, and ISK will arrive in minutes.

Over the past month, Wise was the cheapest app on 100% of the days it appeared for £6,000 transfers.

For one off transfers

Online transfers

Sending money online is good for occasional medium sized ISK transfers, around £1,000 - £5,000.

Online companies like Wise often have higher limits and/or first time promos.

Of the 3 companies we compared, Wise is the cheapest online service and will get you kr963,202 on a £6,000 transfer.

In our comparisons over the past month, it was the cheapest online service on 30 of the 30 days it quoted.

For large transfers

Brokers

Currency brokers like Regency FX are the best for £10,000+ transfers (things like house deposits, education fees, relocation, etc.).

You get a dedicated account manager to handle your transfer to Iceland, and 24/7 support.

Regency FX charges no fees on large transfers, but adds 0.27% markup on top of the current GBP/ISK rate.

The markup gets better the more GBP you send, so we suggest .

Our analysis shows Regency FX was the cheapest broker in 100% of the transfers from £6,000 it quoted.

For spending and receiving

Multi-currency accounts

Multi-currency accounts let you hold and spend Iceland Krona abroad like a local.

Wise offers the best multi-currency account.

With it, converting £6,000 to ISK will get you kr963,202 after fees.

If you don’t have ISK in your account, your GBP will auto-convert whenever you pay with Wise in Iceland.

Once you have ISK in the account, there are no extra fees from Wise for spending or holding it (local ATM charges may still apply).

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

For business transfers

Global accounts

Global accounts are for UK businesses making payments overseas.

For suppliers, freelancers, salaries, or invoices in Iceland, companies like Airwallex, WorldFirst, or Payoneer handle batch and recurring payments a consumer app simply can’t.

Ways to fund GBP and receive ISK in Iceland

Pay-in and pay-out methods will affect how much GBP you deposit and how much ISK your recipient gets. Use the table below to see how different options change how much you pay and what they get.

The overall best and cheapest way to send £6,000 to Iceland is via Regency FX, using a bank transfer to deposit GBP and bank deposit to receive ISK.

Depositing GBP

You have 3 pay-in options for transfers to Iceland, including bank transfer, debit card, and credit card.

The cheapest pay-in option is bank transfer.

The fastest option in the UK is almost always bank transfer, since most companies use Open Banking and Faster Payments System (FPS).

The most expensive deposit option is debit card.

Be careful with credit card deposits, since your bank often treats it as a cash advance and will charge interest.

Receiving money in Iceland

Money can reach Iceland by bank deposit, and each delivery method comes with its own fees.

The cheapest way to receive money in Iceland is with bank deposit on average.

Digital wallets

Your recipient can receive ISK directly into a digital wallet (like PayPal) which usually takes a few minutes to arrive.

1

Bank transfer Bank deposit

You pay £6,000.00

kr975,444

Cheapest
2

Debit card Bank deposit

You pay £6,000.00

kr960,175

-kr15,269
3

Credit card Bank deposit

You pay £6,000.00

kr942,024

-kr33,420

Consider this when sending GBP to Iceland

There are a few nuances you should consider before sending GBP to Iceland such as limits, taxes, and safety.

Compare GBP/ISK transfer options

Right now, these are the best money transfer options for a £6,000 transfer to Iceland:

Cheapest way to send money to Iceland

The cheapest way is to use Regency FX, pay in with a bank transfer and withdraw via bank deposit. You will get kr975,443.9, which is 1.26% more than the next best option.

Fastest way to send money to Iceland

The fastest way is to use Revolut via debit card deposit and bank deposit for pay out. You get kr959,118 and it will arrive in within minutes.

UK transfer limits

There is no legal limit and no tax on sending your own money abroad.

Main hard limits come from your bank or money transfer company, often around £10,000 to £25,000 online (which you can usually increase in the app).

Also, the "£10,000 declaration" only applies to physically carrying cash through the border, not online transfers.

And on bigger GBP/ISK transfers (roughly £10,000 up) expect a source-of-funds check, such as a payslip or a statement.

These are anti-money-laundering checks, and they can hold your transfer up, so have the documents ready.

The transfer costs involved

Your cost is the fee plus the exchange-rate margin.

For example, sending £6,000 with Regency FX will get you 975,443.9 ISK, that’s including £0 fee and 0.27% in exchange rate markup.

A bank like on the other hand, will get you kr0, that’s £ in fees but % in FX fees.

Taxes on money transfers

There is no UK tax for the act of sending money to Iceland.

And, regular gifts out of your normal income are free of inheritance tax straight away, no cap and no seven-year wait.

Staying safe when sending abroad

Only ever use a provider authorised by the FCA, which you can check on the FCA register in under a minute.

The rules in place for any scams cover domestic pound transfers only, on a transfer abroad you're less protected.

Always confirm who you're really sending to before you send, because there's little recourse after.

For more information, check our guide to money transfer regulations in the UK.

How we analyse the market

We track 3 regulated companies offering money transfers from the UK to Iceland in real time.

We analyse the fees, exchange rates, deposit/withdrawal methods, and each goes through our internal review.

Most GBP/ISK pricing data comes directly from the providers. We collect the rest manually, run it through our comparison engine and label it in the table.

In the past 30 days alone, we analysed 196 comparisons across 7 amounts.

This page covers the cheapest and fastest options for GBP/ISK transfers. This is how we pick them:

Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Send money from United Kingdom

Send money to Iceland

Send money from United States to Iceland Send money from Poland to Iceland Send money from Denmark to Iceland Send money from Sweden to Iceland

Tue, 29 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	159.7647	–	kr 958,588.36
Regency FX Cheapest	159.3334	£0.00	kr 956,000.17	−kr 2,588.19
Wise	159.7600	£88.69	kr 944,391.00	−kr 14,197.36
Revolut	159.1523	£92.00	kr 940,271.00	−kr 18,317.36

Wed, 30 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	159.9837	–	kr 959,902.48
Regency FX Cheapest	159.5518	£0.00	kr 957,310.75	−kr 2,591.73
Wise	159.9360	£90.44	kr 945,151.00	−kr 14,751.48
Revolut	159.3658	£92.00	kr 941,533.00	−kr 18,369.48

Thu, 1 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	160.3122	–	kr 961,873.39
Regency FX Cheapest	159.8794	£0.00	kr 959,276.33	−kr 2,597.06
Wise	160.2970	£91.63	kr 947,094.00	−kr 14,779.39
Revolut	159.6856	£92.00	kr 943,422.00	−kr 18,451.39

Fri, 2 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	160.7586	–	kr 964,551.34
Regency FX Cheapest	160.3245	£0.00	kr 961,947.05	−kr 2,604.29
Wise	160.7580	£88.70	kr 950,289.00	−kr 14,262.34
Revolut	160.1504	£92.00	kr 946,168.00	−kr 18,383.34

Sat, 3 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	–	–	–
Wise Cheapest	161.4230	£88.12	kr 954,313.00	–
Revolut	160.4004	£152.00	kr 938,021.00	–
Regency FX No quote collected this day	–	–	–	–

Sun, 4 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	161.0761	–	kr 966,456.80
Regency FX Cheapest	160.6412	£0.00	kr 963,847.37	−kr 2,609.43
Wise	161.4230	£88.12	kr 954,313.00	−kr 12,143.80
Revolut	160.3843	£152.00	kr 937,927.00	−kr 28,529.80

Mon, 5 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	161.9291	–	kr 971,574.56
Regency FX Cheapest	161.4919	£0.00	kr 968,951.31	−kr 2,623.25
Wise	161.9660	£93.36	kr 956,675.00	−kr 14,899.56
Revolut	160.3554	£92.00	kr 947,379.00	−kr 24,195.56

Tue, 6 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	161.4720	–	kr 968,832.24
Regency FX Cheapest	161.0361	£0.00	kr 966,216.39	−kr 2,615.85
Wise	161.4420	£92.18	kr 953,770.00	−kr 15,062.24
Revolut	160.8224	£92.00	kr 950,138.00	−kr 18,694.24

Wed, 7 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	162.1359	–	kr 972,815.69
Regency FX Cheapest	161.6982	£0.00	kr 970,189.09	−kr 2,626.60
Wise	162.1310	£91.03	kr 958,027.00	−kr 14,788.69
Revolut	161.5079	£92.00	kr 954,188.00	−kr 18,627.69

Thu, 8 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	–	–	–
Wise Cheapest	161.5790	£90.47	kr 954,856.00	–
Revolut	160.9492	£92.00	kr 950,887.00	–
Regency FX No quote collected this day	–	–	–	–

Fri, 9 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	161.3042	–	kr 967,825.00
Regency FX Cheapest	160.8686	£0.00	kr 965,211.87	−kr 2,613.13
Wise	161.3220	£90.45	kr 953,340.00	−kr 14,485.00
Revolut	160.6894	£92.00	kr 949,352.00	−kr 18,473.00

Sat, 10 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	161.7454	–	kr 970,472.59
Regency FX Cheapest	161.3087	£0.00	kr 967,852.31	−kr 2,620.28
Wise	161.6390	£90.45	kr 955,214.00	−kr 15,258.59
Revolut	160.5904	£152.00	kr 939,132.00	−kr 31,340.59

Mon, 12 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	161.7592	–	kr 970,554.98
Regency FX Cheapest	161.3224	£0.00	kr 967,934.48	−kr 2,620.50
Wise	161.6950	£87.53	kr 956,017.00	−kr 14,537.98
Revolut No quote collected this day	–	–	–	–

Tue, 13 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	161.2582	–	kr 967,549.42
Regency FX Cheapest	160.8228	£0.00	kr 964,937.04	−kr 2,612.38
Wise	161.2540	£90.45	kr 952,939.00	−kr 14,610.42
Revolut No quote collected this day	–	–	–	–

Wed, 14 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	161.3052	–	kr 967,831.44
Regency FX Cheapest	160.8697	£0.00	kr 965,218.30	−kr 2,613.14
Wise	161.3190	£89.32	kr 953,505.00	−kr 14,326.44
Revolut	160.7117	£92.00	kr 949,484.00	−kr 18,347.44

Thu, 15 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	161.2571	–	kr 967,542.86
Regency FX Cheapest	160.8217	£0.00	kr 964,930.49	−kr 2,612.37
Wise	161.2160	£91.62	kr 952,525.00	−kr 15,017.86
Revolut No quote collected this day	–	–	–	–

Fri, 16 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	161.3971	–	kr 968,382.67
Regency FX Cheapest	160.9613	£0.00	kr 965,768.04	−kr 2,614.63
Wise	161.3770	£88.67	kr 953,953.00	−kr 14,429.67
Revolut	160.9692	£92.00	kr 951,006.00	−kr 17,376.67

Sat, 17 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	161.1275	–	kr 966,764.99
Regency FX Cheapest	160.6925	£0.00	kr 964,154.72	−kr 2,610.27
Wise	161.5040	£89.25	kr 954,610.00	−kr 12,154.99
Revolut	160.4602	£152.00	kr 938,371.00	−kr 28,393.99

Mon, 19 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	161.8332	–	kr 970,999.08
Regency FX Cheapest	161.3962	£0.00	kr 968,377.38	−kr 2,621.70
Wise	161.8390	£89.25	kr 956,590.00	−kr 14,409.08
Revolut	161.2143	£92.00	kr 952,453.00	−kr 18,546.08

Tue, 20 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	161.8983	–	kr 971,389.97
Regency FX Cheapest	161.4612	£0.00	kr 968,767.22	−kr 2,622.75
Wise	161.8880	£89.82	kr 956,787.00	−kr 14,602.97
Revolut No quote collected this day	–	–	–	–

Wed, 21 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	162.5132	–	kr 975,079.43
Regency FX Cheapest	162.0745	£0.00	kr 972,446.71	−kr 2,632.72
Wise	162.5170	£89.22	kr 960,602.00	−kr 14,477.43
Revolut No quote collected this day	–	–	–	–

Thu, 22 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	162.4865	–	kr 974,918.90
Wise Cheapest	162.4910	£90.96	kr 960,166.00	−kr 14,752.90
Regency FX No quote collected this day	–	–	–	–
Revolut No quote collected this day	–	–	–	–

Fri, 23 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	162.7668	–	kr 976,600.75
Regency FX Cheapest	162.3273	£0.00	kr 973,963.92	−kr 2,636.83
Wise	162.8470	£85.72	kr 963,123.00	−kr 13,477.75
Revolut	162.2509	£92.00	kr 958,578.00	−kr 18,022.75

Sat, 24 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	162.8752	–	kr 977,251.05
Regency FX Cheapest	162.4354	£0.00	kr 974,612.47	−kr 2,638.58
Wise	162.8650	£85.72	kr 963,229.00	−kr 14,022.05
Revolut	161.5646	£152.00	kr 944,830.00	−kr 32,421.05

Mon, 26 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	162.4824	–	kr 974,894.20
Regency FX Cheapest	162.0437	£0.00	kr 972,261.98	−kr 2,632.22
Wise	162.5170	£88.65	kr 960,695.00	−kr 14,199.20
Revolut	161.8281	£92.00	kr 956,080.00	−kr 18,814.20

How to send money to Iceland from UK with the best GBP-ISK rate

Best companies for GBP/ISK transfers