How to send money to Iceland from UK with the best GBP-ISK rate
Compare ways to send money from United Kingdom to Iceland. Find the cheapest, fastest, and most reliable providers with the best GBP to ISK exchange rates.
Read on for the best deals, expert information, and all you need to send money to Iceland from United Kingdom.
"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."
"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."
Best option: Wise
We tested & reviewed 3 money transfer providers, and Wise scored highly in each category.
For example, sending 6,000 GBP to ISK will cost you £49.01 in fees, and you will receive 1,005,491 ISK. The delivery time usually is within a week, but it depends on the day you make the transfer.
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 3 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: MoneyGram
Of the 3 providers compared, data shows that MoneyGram is -9.17% cheaper than the second-best option.
The is cost is made up of GBP-ISK exchange rate that is 2% different to the mid-market rate and the a of 420.00000000000006 GBP.
If you want to secure the best rates on a GBP to Iceland transfer, MoneyGram will result in the most Iceland Krona received.
Fastest way to transfer money from United Kingdom to Iceland: MoneyGram
With MoneyGram , the transfer time to Iceland is minutes - 24 hours, with a 420.00000000000006 GBP transfer fee (based on £6,000 transfer)
To get the 'fastest' option we compared 3 providers for overall speed of sending money from the United Kingdom to Iceland - this includes depositing Pound Sterling, transfer times, withdrawal timeframes in Iceland.
Need to send over £10,000 from the UK? TorFX is your best option
Opt for a service proven with large transfers when size matters. For transfers over £10,000, your best option is TorFX.
While TorFX may not always be the cheapest or fastest way to send GBP to Iceland, they will keep you safe and relaxed while your money moves into ISK.
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 170.3894 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 7 days the GBP-ISK mid-market rate has had a high of 169.5932, a low of 168.047 and averaged 168.8545 ISK per Pound Sterling.
Across the 3 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. MoneyGram charges 420.00000000000006 GBP per transfer, which is currently the best deal on transfers to Iceland. 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 7 days, the average numbers are:
The exchange rate from GBP to ISK averaged 168.8545 ISK.
The highest value recorded was 169.5932 ISK, while the lowest was 168.047 ISK.
3 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 MoneyGram 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, MoneyGram is the cheapest provider for bank transfers from the 3 we tested when sending GBP to Iceland.
With a fee of GBP420.00000000000006 to send money from the United Kingdom to Iceland, MoneyGram 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 3 money transfer companies compared.
Credit card transfers
When it comes to credit card transfers from the United Kingdom to Iceland, we to get the best deal as not many companies offer direct credit card deposits.
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 and review methodology.
Related transfer routes
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Can I send money from United Kingdom to Iceland with MoneyTransfers.com?
What are the typical transfer fees for sending Pound Sterlings to Iceland through various providers?
How long does it take to send money from United Kingdom to Iceland?
What is the best exchange rate I can get for sending money from United Kingdom to Iceland?
Are there any minimum or maximum transfer amounts for sending money from United Kingdom to Iceland?
Can I schedule regular transfers between United Kingdom and Iceland?
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