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Sending money to Norway from Iceland

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The official currency of this country is the Norwegian krone NOK which can be translated to “crown” in English. The neighbouring country of Denmark also uses this monetary value and this is because both countries joined together – along with Sweden – to create the Scandinavian Monetary Union in 1875. Although the SMU disbanded in 1914, each country retains the names of their respective currencies to this day. 

Oil is by far the biggest export to come out of Iceland and this industry funds a substantial section of the country’s revenue. For this reason, the value of NOK is largely influenced by trends in the crude oil market. 

Choosing the best service provider

When considering how to send money Norway from Iceland there are some key aspects of the transfer to consider. 

The cheapest provider we found is at Above Mid-Market Rate.

If you’re looking for the best combination of price, speed, and reliability we recommend using when transferring ISK to NOK.

This means that by using for online money transfers to Norway from Iceland, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.

Alternatively, if you are unable to access for any reason, our comparison engine has found also to be very good options when sending ISK – NOK.

This recommendation was updated one minute ago.

The cheapest way to send money from Iceland to Norway

In order to avoid high fees, you should consider the cheapest way to send from Iceland to Norway.  

has been determined by our comparison engine to be currently offering you the cheapest rates possible.

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The fastest way to send money from Iceland to Norway

When sending money from Iceland to Norway, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, is the fastest way to send ISK – NOK.

What payment methods are available when sending money from Iceland to Norway?

Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.

Sending money to Norway from Iceland using credit card

To avoid high fees you can opt to use an online money transfer provider such as to pay for your transfer to Norway.

Sending money to Norway from Iceland using a debit card

With you can send money online to Norway using your debit card. But before making a payment, make sure you understand all the processing fees in place. 

Using a wire transfer to send money from Iceland to Norway

Bank and wire transfers are the most common ways of sending money Norway as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.

If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in Norway. If you’re unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in Norway.

When sending money to Norway from Iceland using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.

On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as .

Considerations for a ISK – NOK Currency Transfer

Before sending money to Norway from Iceland, you should consider the following:

  1. The amount you want to transfer: It is likely that the more money you send to Norway the more value you will get and more NOK the recipient will receive. This is because any flat fee charged ends up as a smaller percentage of your transfer amount, and also because many providers allow you to negotiate a better exchange rate margin if sending large amounts.
  2. The ISK – NOK exchange rate margin: Money transfer providers charge a small percentage on top of the mid-market exchange rates in order to generate revenue. Current mid market rate is 0.070347 and the lowest exchange rate margin is currently offered by at above the mid market rate.
  3. Hidden fees & charges: Before sending money to Norway, make sure the provider you are using doesn’t charge any hidden fees. Our reviews of the top ranked providers , and will give insight here.

How to send money from Iceland to Norway at the best rate?

This one’s easy. Simply use our comparison table above to find the best provider to send ISK to NOK. 

After that it’s just a process of making your transfer via the following steps:

  1. Click “Visit Site” inside our comparison table
  2. Register for an account if required
  3. Input how much you are willing to send
  4. Fund your transfer
  5. Receive & save an email confirming your transfer

How to receive transfers from ISK to NOK in Norway?

Your recipient has a few methods available to receive your money in Norway. These will vary between providers, but it is possible to find services that will:

If your recipient is going to collect or have the money delivered to them in Norway, then they will usually need the following:

How much money can be transferred from Iceland to Norway?

However, the amount of NOK you can receive from Iceland will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers. 

You should also check if there are any government regulations pertaining to the amount of NOK that can be received in Norway or sent from Iceland before making your transfer.

Is Danish krone or Swedish krona accepted in Norway?
Is Norway in the SEPA zone?
How quickly will a money transfer from Iceland arrive with my recipient in Norway?