Should I carry cash in Iceland?

Cards are commonly used in Iceland even for quite small transactions. However, if you intend to visit isolated villages, or stay in rural farmhouse accommodation in Iceland, it's a good idea to carry enough cash to tide you over. ATMs – Hraðbanki in Icelandic, or Cashpoints, are easily found in cities and towns.



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Most locals only use card payments instead of cash, and you likely won't run into any small businesses in any of the small Icelandic towns that only take cash, no matter how small your purchase is. Again, for the most convenience, opt to bring your credit and debit cards with you to Iceland and pay that way.

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Do you need cash in Iceland? No, you don't need any cash in Iceland. And yes, you can pay everywhere by debit or credit card. Note that some places (such as unmanned petrol stations) only accept credit cards with a 4-digit pin.

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As we have already touched upon, Iceland is a relatively cashless country, but it is always wise to carry around some króna in cash form. There are plenty of ATMs in Reykjavík and several at Keflavík Airport for you to withdraw the local Icelandic currency.

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Budget-Friendly Travel Planning You should plan to spend around kr27,531 ($202) per day on your vacation in Iceland, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, kr4,728 ($35) on meals for one day and kr4,249 ($31) on local transportation.

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Entry, Exit and Visa Requirements Your passport should be valid for at least three months beyond the period of stay if you plan on transiting a Schengen country review our U.S. Travelers in Europe page. You will need sufficient proof of funds and a return plane ticket.

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Water bottle Before the tourism industry boomed, locals would never buy bottled water, “because clean water is free in Iceland and can be found in lakes, waterfalls, and rivers”. When traveling in Iceland, bring a bottle and fill it up from taps and, clean rivers and waterfalls.

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