Currency Guide

Practical tips

• Iceland is nearly cashless — credit cards work everywhere, even at most restrooms.
• You don't need to exchange to ISK beforehand — your card handles it automatically.
• Tipping is not customary in Iceland — it's included in the price.
• VISA and Mastercard are widely accepted. American Express is rarely accepted.
• Banks (Arion, Íslandsbanki, Landsbankinn) exchange currency, but rates are worse than card companies.
• You can claim a tax-free refund at the airport for purchases over 12,000 ISK on one receipt.