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Companies for transfers from United Kingdom to Iceland
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."
"Card-to-card transfers can be received in just two minutes."
"Moneygram is a well established service with over 80 years in the sector. They support over 200 countries worldwide and have over 440,000 retail locations."
Best option: Wise
We tested & reviewed 5 money transfer providers, and Wise scored highly in each category.
Over the last six months, Wise appeared in 100% of United Kingdom to Iceland searches, and was the top rated company supporting money transfers between GBP and ISK.
For a great mix of cost, speed & features, transfer from United Kingdom to Iceland Krona using Wise.
How to compare companies offering money transfers from United Kingdom to Iceland
- Always compare rates
Use our live comparison tool to make sure you aren't missing the best rates to send money from the United Kingdom to Iceland. This ensures the best price.
- Choose a provider
Select the company that offers you the best value & options for sending to Iceland.
- Click, sign up & send
Sign up & make your transfer. Your funds will soon be on their way from the United Kingdom to your chosen country & currency.
Summary of recent searches
Considerations ahead of sending money from United Kingdom to Iceland
A comparison of providers offering services between the United Kingdom and Iceland, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.
We’ve compared 5 providers that provide services for sending Pound Sterling to Iceland. This ensures you will get the best options for your transfer to Iceland from the United Kingdom.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from the United Kingdom to Iceland.
Cheapest way to transfer money to Iceland from the United Kingdom: Revolut
Of the 5 providers compared, data shows that Revolut is 1% cheaper than the second-best option.
The is cost is made up of an average GBP-ISK exchange rate that is 0.11% different to the mid-market rate and an average fee of 0* GBP.
If you want to secure the best rates on a GBP to Iceland transfer, Revolut will result in the most Iceland Krona received.
*The most common fee applied to GBP-ISK by Revolut, based on data from the past six months.
Fastest way to transfer money from United Kingdom to Iceland: MoneyGram
Our data shows that MoneyGram came up as the fastest option for sending Pound Sterling into Iceland Krona in 50% of searches. This makes them well suited to urgent GBP to ISK money transfers.
The average fee for a GBP-Iceland Krona transfer through MoneyGram is 11.5 GBP.
To get the 'fastest' option we compared 5 providers for overall speed of sending money from the United Kingdom to Iceland - this includes depositing Pound Sterling, transfer times, withdrawal timeframes in Iceland.
When speed matters, MoneyGram is your best choice for sending into Iceland from the United Kingdom.
Transferring large sums of money
Of the 5 money transfer companies tested, Wise is the strongest option for large transfers from the United Kingdom to Iceland.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from the United Kingdom to Iceland can become expensive through your bank or with the wrong provider.
Wise is our choice for sending large sums of money to GBP because they offer a strong all-round product.
Understanding the cost of transferring money to Iceland from United Kingdom
Fees and exchange rates make up the total cost of sending money from Iceland to Iceland. Finding a company that can offer both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: The current GBP-ISK mid-market rate is 172.4542 ISK per Pound Sterling. You will get more Iceland Krona for your Pound Sterlings if you find a provider close to this number.
For context, over the last three months the GBP-ISK mid-market rate has had a high of 181.2609, a low of 179.3101 and averaged 180.2855 ISK per Pound Sterling.
Across the 5 companies compared, the best exchange rate is with Wise.
Unless fees are unusually high, the exchange rate you receive on converting GBP to ISK will be the biggest determining factor when working out the cost of transferring Pound Sterlings to Iceland.
Fees: Transfer fees are charged as part of the transfer. Revolut at an average of 0 GBP per transfer over the last 6 months, offers the lowest fees overall. We’d always recommend comparing providers for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount of Iceland Krona eventually received in Iceland. You can assume that a lower cost of sending from the United Kingdom will result in more money received in Iceland.
Track the exchange rate for Pound Sterling to Iceland Krona
Sending money at the right time between GBP and ISK can make a huge difference to overall cost. The exchange rate impacts how much ISK you get for your GBP.
Over the last six months, the average numbers are:
The exchange rate from GBP to ISK averaged 180.2855 ISK.
The highest value recorded was 181.2609 ISK, while the lowest was 179.3101 ISK.
5 providers currently offer transfers between the United Kingdom and Iceland close to this rate.
Want to secure the best GBP-Iceland Krona exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from United Kingdom to Iceland!
Payment methods for United Kingdom to Iceland transfers
Bank transfers
Bank transfers are often the fastest option, and normally the cheapest, for sending money from the United Kingdom to Iceland.
By opting for a money transfer company such as Revolut for transfers from the United Kingdom to Iceland, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Revolut is the cheapest provider for bank transfers from the 5 we tested when sending GBP to Iceland.
With an average fee of GBP0 to send money from the United Kingdom to Iceland, Revolut offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid card payments
Using a debit card, or prepaid option, for sending money from the United Kingdom to Iceland is easy with Wise.
Wise is a market leader in debit card payments for transfers from the United Kingdom to Iceland, this is among a total of 5 money transfer companies compared.
Credit card transfers
When it comes to sending money with a credit card from the United Kingdom to Iceland, emerges as our top choice of the 5 companies offering this service.
Fee alert: credit card money transfers often result in a cash advance fee being charged by your card issuer. We recommend bank transfer or debit card where possible.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Iceland and United Kingdom.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from United Kingdom to Iceland.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send GBP to ISK.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
