Known for its breathtaking volcanic landscape and stunning natural beauty, Iceland is a fascinating country for visitors. The island nation boasts everything from spectacular glaciers to hot springs, making it an important inclusion on the must-visit list of many Australian travellers.
If you want to send money from Australia to Iceland - maybe you want to transfer cash to a friend or loved one visiting the country - there are plenty of transfer providers that can help. All you have to do is compare their services to see which one offers the best deal.
Send money to Iceland with WorldRemit
WorldRemit International Money Transfers
Send money online within minutes
Large range of destinations
Able to send to cash pickup locations
Send money to Iceland with WorldRemit
Use promo code 3FREE to send your first 3 transfers with no fee.
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
Banks versus money transfer companies
While you could approach your bank to handle your money transfer to Iceland, in most cases you’re better off looking elsewhere. Banks offer some pretty disappointing exchange rates to their customers, which means that a far smaller amount than you originally pay actually ends up making it to your recipient. Banks also charge high transfer fees, leaving you even further out of pocket.
Happily, there’s another solution to your transfer problem. Specialist money providers, such as OFX and WorldFirst, are experts in money transfers and trade large volumes of global currency. This means they can afford to offer much better exchange rates than any bank, plus they also charge lower fees. Check out the services these companies offer before deciding which company should handle your next international transfer.
Isaac Sends Money to Iceland
Isaac wants to send money to Iceland to help out his sister Katie. Katie is on a two-week holiday in Iceland but left her wallet behind at a bar one night, leaving her desperately short of cash. Isaac agrees to transfer her $1,000 but, since his bank doesn’t transfer exotice currencies, he decides to compare two money transfer companies in an effort to find a cheaper option.
As you can see in the table below, using the second transfer company allows Isaac to send an extra 460 ISK and also save AUD $6 in transfer fees.
If you need to get funds to Iceland as soon as possible, companies like Western Union and MoneyGram offer the convenience of international cash transfers in as little as 10 minutes. However, make sure you’re aware of the full cost of your transaction before you part with your money. High transfer fees and lower exchange rates often apply to emergency cash transfers, so if you’re not careful you could end up paying more than you realise.
Cash pickup locations in Iceland/ Western Union / MoneyGram branches in Iceland
With locations in Iceland and all over the world, Western Union and MoneyGram operate expansive international transfer networks. The details of some popular cash pickup locations in Iceland are listed below - if picking up funds, make sure you have photo ID and the details of your transaction handy.
LandsbankinnAlfabakka 10Reykjavik, 109+354-410-4000Open 12:09am to 4pm Monday to Friday
LandsbankinnKletthals 1Reykjavik, 110+354-410-4000Open 12:09am to 4pm Monday to Friday
LandsbankinnHamraborg 8Kopavog, 200+354-410-4000Open 12:09am to 4pm Monday to Friday
Landsbankinn Alfabakka 10Reykjavik, 109+354-410-4000Open 12:09am to 4pm Monday to Friday
Posturinn Hofdabakki 9Reykjavik, 1105801000Open 9am to 7pm Monday to Friday, 11am to 4pm Saturday, 1am to 4pm Sunday
Posturinn Thonglabakka 4Reykjavik, 1095801200Open 9am to 7pm Monday to Friday, 11am to 4pm Saturday, 1am to 4pm Sunday
Posturinn Dalvegi 18Kopavogur, 2005801000Open 9am to 7pm Monday to Friday, 11am to 4pm Saturday, 1am to 4pm Sunday
Posturinn Litlatuni 3Gardabaer, 2105801200Open 9am to 7pm Monday to Friday, 11am to 4pm Saturday, 1am to 4pm Sunday
Provide your details. You will usually need to register for a free account before you can send a transfer. This is often done online and you will need to provide your name, contact information and proof of ID.
Enter your transaction information. The provider will need to know where you’re sending a transfer, in what currency, and the amount you’re sending.
Pay for your transfer. The final step is to review your transaction details and then submit your transfer request. Many companies also allow you to monitor transfer progress using an online tracking service.
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.