How to send money to Iceland from Poland with the best PLN-ISK rate

The exchange rate determines the price you’ll pay for Iceland Krona when you send Zloty to Iceland.

The current exchange rate between the Zloty and Iceland Krona is 33.6342, and it constantly fluctuates.

When calculating the cost of sending money from Poland to Iceland, a combination of fees and exchange rates ensure the best deal:

• The Mid-Market and Exchange Rates: The current PLN-ISK mid-market rate is 33.6342 ISK per Zloty. Finding a provider as close to this number as possible will ensure more Iceland Krona for your money.

• Fees: Transfer fees are charged on top of a transfer. Revolut currently offers the lowest fees of 75.8 PLN per transfer (based on zł7,400 transfer). Although, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The total amount received in Iceland Krona is the biggest indicator in the total cost of sending money to Poland from Iceland. The higher the total amount received in Iceland, the lower the cost of sending from Poland.

It’s possible that waiting a day or two can help you get more ISK for the same amount of Zloty. But, the best way to lock in a price between Poland and Iceland is by using a forward contract.

A debit card is our recommended option for money transfers between Poland and Iceland. Revolut offers the best price on a debit card.

Here are all the ways to send money from Poland to Iceland:

Bank transfers

Bank transfers are often the best payment method for money transfers from Poland to Iceland.

A money transfer company like Wise offer bank transfers between Poland and Iceland with lower fees and better exchange rates than you would get from a traditional bank.

On average, Wise is the cheapest provider for bank transfers of the 4 we tested when sending PLN to Iceland.

Debit and prepaid cards

Sending money from Poland to Iceland with a debit or a prepaid card is very simple with Wise.


Wise is a leader in debit card payments for transfers from Poland to Iceland, competing among a total of 4 active money transfer companies on this route.

Credit cards

We recommend avoiding credit cards where possible due to a lack of support and high fees.

If you have to use a credit card, we recommend comparing your options to find the company with the lowest fees.

Always choose providers that are regulated by financial authorities in both Poland and Iceland to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between Poland and Iceland.

Some services have minimum or maximum thresholds on how much you can transfer from Poland to Iceland.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Wise if you need to send large amounts of PLN to Iceland. The combination of rates and fees when sending to Iceland is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Poland, or entering Iceland. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in Iceland. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from Poland to Iceland will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from Poland into Iceland Krona. Wise is the best company for bank transfers between Poland and Iceland.

And if you need cash right away, check if cash pickup is an option for transfers between Poland and Iceland.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Revolut.

When signing up to a money transfer company to send between Poland and Iceland, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in Poland this will be a government ID like a passport or driver's license. In Iceland it will be a similar set of documents, although this should only be needed if you are opening a new account in Iceland, or collecting in cash.

Big transactions between Poland and Iceland, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Wise in part due to their easy sign up process in Poland.

When sending large amounts of money between Poland and Iceland there will be tax implications to consider.

Some transfers into Iceland Krona may need to be reported to tax authorities in Iceland, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in Iceland based on age, income and a few other elements. When in doubt, please contact a tax professional in Poland or Iceland to discuss your personal circumstances.