What is the best way to take money to Iceland?

It is always best to pay using Icelandic króna or using your credit or debit card where possible. As with travelling in any location, we'd recommend always carrying your credit or debit card in addition to an adequate amount of local currency in cash.



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Card payments are preferred in most places in Iceland. Of course, it's a good idea to take out some cash just in case you have issues with your card.

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Your Iceland trip cost can be as low as $100-150 USD per day if you hitchhike and camp or stay in hostel dorms. More realistically, I think $250+ USD per day will land you a much nicer trip.

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If you are travelling to Iceland from the United States or anywhere else in the world you will probably need to buy an Icelandic Sim Card. You will also need to make sure that you have an unlocked phone to put it in. Have a chat to your home network provider about international plans first though.

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It is cheaper to exchange money at the bank (or by using an ATM) than the airport. That's because currency exchange stores and kiosks at the airports mark up the exchange rate to make a profit. They know that travelers who just got off a plane probably need money right away.

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Buying a bottle of water in Iceland can be as expensive as $3! As it's the same water in the bottle as the water you get from your cold tap (the water in Iceland is super clean) then there's no need to buy water during your stay in Iceland.

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