Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's ISK to XOF (Icelandic Krona to CFA Franc BCEAO) exchange rates

Iceland
Benin
ISK

Interbank Exchange Rate: 1 ISK = 4.5301 XOF
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Icelandic Krona to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Iceland to Benin. Send money overseas to your loved ones by comparing Icelandic Krona (ISK) to CFA Franc BCEAO (XOF) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Iceland.

Were you looking to send money from Benin to Iceland instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest ISK to XOF Conversion Rates

Here are some latest ISK to XOF (Icelandic Krona to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 ISK4.53 XOF
5 ISK22.65 XOF
10 ISK45.30 XOF
25 ISK113.25 XOF
50 ISK226.51 XOF
100 ISK453.01 XOF
150 ISK679.52 XOF
200 ISK906.02 XOF
250 ISK1,132.53 XOF
300 ISK1,359.03 XOF
400 ISK1,812.04 XOF
500 ISK2,265.05 XOF
600 ISK2,718.06 XOF
700 ISK3,171.07 XOF
800 ISK3,624.08 XOF
1,000 ISK4,530.10 XOF
1,500 ISK6,795.15 XOF
2,000 ISK9,060.20 XOF
2,500 ISK11,325.25 XOF
3,000 ISK13,590.30 XOF
4,000 ISK18,120.40 XOF
5,000 ISK22,650.50 XOF
10,000 ISK45,301.00 XOF
15,000 ISK67,951.50 XOF
20,000 ISK90,602.00 XOF
30,000 ISK135,903.00 XOF
40,000 ISK181,204.00 XOF
50,000 ISK226,505.00 XOF
100,000 ISK453,010.00 XOF

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money from Iceland to Benin?

With the global remittance market booming, there are so many choices for Icelandic Krona to XOF money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Benin from Iceland. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final XOF amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best remit rate for transferring money from Iceland to Benin?

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Benin from Iceland.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your ISK to CFA Franc BCEAO remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for ISK to XOF remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


What's the cheapest way to send money from Iceland to Benin?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Iceland to Benin via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Icelandic Krona to CFA Franc BCEAO remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Iceland to Benin exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for ISK to XOF remittances.


Should I use my bank to send money from Iceland to Benin?

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low ISK to XOF exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Iceland to Benin money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Benin from Iceland. They do this by letting you fund your transaction through your local bank account in Iceland, and by allowing you to choose the payout to be your recipient's bank account in Benin. But, you are likely to get much better rates and lower fees compared to your bank.


How to send money from Iceland to Benin fast?

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Iceland to Benin. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.

To help you convert ISK to XOF fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.

If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Icelandic Krona amount reaching Benin. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.

Hopefully, you do not find yourself in a crisis where you have to rush CFA Franc BCEAO quickly to Benin, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.


Which are the best money transfer companies to transfer money from Iceland to Benin?

Iceland to Benin money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Benin as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Icelandic Krona to CFA Franc BCEAO money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to send money from Iceland to Benin

With so many possible ways to transfer Icelandic Krona to CFA Franc BCEAO, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Iceland to Benin remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Iceland and the receiver in Benin. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your ISK to CFA Franc BCEAO money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.