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

Compare today's GBP to ISK (British Pound to Icelandic Krona) exchange rates

Isle of Man
Iceland
GBP

Interbank Exchange Rate: 1 GBP = 168.0780 ISK
Updated about an hour ago

Found 1 Remittance Service Providers

TRANSFERWISE
Read more about Wise
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 GBP =
165 243.00 ISK
Transfer Limit (GBP): 1 - 1000000
Locked-In Rate1 GBP = 165.2430 ISK

If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.





All you need to know about British Pound to Icelandic Krona money transfers

Easily compare money transfer providers in one place to send money from Isle of Man to Iceland. Send money overseas to your loved ones by comparing British Pound (GBP) to Icelandic Krona (ISK) 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.

When making a money transfer to Iceland from Isle of Man, we currently have 1 remittance service providers available.

Wise currently offers the most competitive rate for sending money to Iceland and their 1 GBP to ISK exchange rate today is 165.2430.

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 Isle of Man.

Were you looking to send money from Iceland to Isle of Man 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 GBP to ISK Conversion Rates

Here are some latest GBP to ISK (British Pound to Icelandic Krona) exchange rates for popular conversion amounts*.

1 GBP168.08 ISK
5 GBP840.39 ISK
10 GBP1,680.78 ISK
25 GBP4,201.95 ISK
50 GBP8,403.90 ISK
100 GBP16,807.80 ISK
150 GBP25,211.70 ISK
200 GBP33,615.60 ISK
250 GBP42,019.50 ISK
300 GBP50,423.40 ISK
400 GBP67,231.20 ISK
500 GBP84,039.00 ISK
600 GBP100,846.80 ISK
700 GBP117,654.60 ISK
800 GBP134,462.40 ISK
1,000 GBP168,078.00 ISK
1,500 GBP252,117.00 ISK
2,000 GBP336,156.00 ISK
2,500 GBP420,195.00 ISK
3,000 GBP504,234.00 ISK
4,000 GBP672,312.00 ISK
5,000 GBP840,390.00 ISK
10,000 GBP1,680,780.00 ISK
15,000 GBP2,521,170.00 ISK
20,000 GBP3,361,560.00 ISK
30,000 GBP5,042,340.00 ISK
40,000 GBP6,723,120.00 ISK
50,000 GBP8,403,900.00 ISK
100,000 GBP16,807,800.00 ISK

*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 to Iceland from Isle of Man?

Sending money internationally to Iceland from Isle of Man can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your British Pound to ISK remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Iceland. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Icelandic Krona.


How to get the best rate to transfer money to Iceland from Isle of Man?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your GBP to Icelandic Krona money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Isle of Man to Iceland. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for GBP to ISK remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way for transferring money to Iceland from Isle of Man?

One of the most important things to watch out for is hidden fees when sending money to Iceland from Isle of Man. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Iceland using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Icelandic Krona foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best GBP to Iceland exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Iceland from Isle of Man.


How to send money to Iceland from Isle of Man through a bank?

We do not recommend using your local bank in Isle of Man for your next GBP to ISK overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Isle of Man to Iceland (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending ISK to Iceland. These companies will let you use your local bank account in Isle of Man to pay for your Iceland money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


What is the fastest way to do a money transfer to Iceland from Isle of Man?

If you need to convert GBP to ISK as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Isle of Man to Iceland could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your British Pound to Icelandic Krona funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Iceland.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Isle of Man to Iceland. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to transfer money from Isle of Man to Iceland?

Comparing money transfer companies for sending money to Iceland from Isle of Man can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Iceland. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your British Pound to Icelandic Krona transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Icelandic Krona yield on every British Pound that you send.


Step by step guide to transfer money to Iceland from Isle of Man

With so many possible ways to transfer British Pound to Icelandic Krona, 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 Isle of Man to Iceland 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 Isle of Man and the receiver in Iceland. 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 GBP to Icelandic Krona money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.