Europe
Money, cards and tipping in Iceland
ISKKrona
Money in Iceland
Practically cashless Practically cashless: cards and phones work for everything, including toilets, parking and remote petrol pumps. Set a PIN for unstaffed pumps. US$1 ≈ kr121.78 (03 Oct 2026).
Key facts
- Tipping: Not expected; service is included in prices.
- ATMs: Bank ATMs are easy to find in towns, but you'll rarely need cash. Decline dynamic currency conversion.
- Paying by phone: Apple Pay and Google Pay work almost everywhere; contactless is the norm.
- Price level: about 118% of US prices (World Bank PPP).
Cash or card, by place
| Place | Cards | Notes |
|---|---|---|
| Reykjavik | Practically cashless | Practically cashless: cards and phones work for everything, including toilets and parking. Carry no krónur unless you want souvenirs. |
| Akureyri | Practically cashless | Cards and phones work everywhere, even at tiny roadside stops. Cash is rarely needed. |
| Vík | Practically cashless | Cards and phones work everywhere, including unstaffed petrol pumps (bring a PIN). Cash is rarely needed. |
Quick answers
Do you tip in Iceland?
Not expected; service is included in prices.
Is Iceland cashless?
Practically cashless. Practically cashless: cards and phones work for everything, including toilets, parking and remote petrol pumps. Set a PIN for unstaffed pumps.
What currency does Iceland use?
The Krona (ISK). US$1 ≈ kr121.78 (03 Oct 2026).
Sources
- ExchangeRate-API open rates
- US State Department travel advisory
- Directorate of Immigration: visa services moved, long-term visa repealed (May 2026)
- Ísland.is: short-term residence permit
- EU Entry/Exit System (EES)
- Speedtest Global Index, Aug 2026
- Hopp Taxi
- Safetravel
- World Bank open data
Compiled and reviewed by SoloSquare. How we compile and score this. Spotted something out of date? Tell us.