Need to transfer money to Iceland? Thinking about a wire to send the money to Iceland? Before you visit your financial institution to do it, be sure to check the wire transfer fees. You might get a shock how much the fees and charges will be and depending on the dollar amount, it might make more sense to forward the money another way.
What can make it more expensive is in addition to your bank imposing a fee for sending the money to a place in Iceland, the recipient getting the transfer of funds will possibly also be charged a fee from their bank. A way to minimise the possibility of this fee is to remit the international wire transfer in their local currency.
To process a wire transfer to Iceland, you may need a SWIFT code. These are unique for each financial institution and are based on a number of things such as the individual banking institution and country.
Bank wire details for Iceland
- Country – Iceland
- SWIFT Country Code – IS
- Central Bank Name – Sedlabanki Islands
- Currency – Icelandic Krona
- Currency Code – ISK