Free directory of all 29 correspondent bank SWIFT/BIC codes registered in ICELAND. Click any bank to view its full record and track an international SWIFT payment routed through it.
Iceland's Central Bank operates an ISK RTGS following the post-2008 capital control era, which was fully lifted in 2017. Landsbankinn, Íslandsbanki, and Arion banki are the primary correspondents, processing fishing industry export proceeds (Iceland is among the world's largest per-capita fish exporters), aluminium smelting payments, and a fast-growing tourism sector. ISK is a small currency with limited correspondent reach, so most international wires convert through EUR or USD.
| RTGS / Settlement System | RTGS (Central Bank of Iceland — Seðlabanki Íslands) |
|---|---|
| Currency | ISK — Icelandic Krona |
| Central Bank | Central Bank of Iceland |
| Typical SWIFT Timing | 1–3 days (international SWIFT) |
Most international SWIFT wires arrive in Iceland within 2–5 business days. Payments cleared through correspondent banks may take longer depending on intermediary routing and local cut-off times.
Iceland processes large-value interbank settlements through RTGS. Retail transfers typically use ACH or local clearing networks, while cross-border wires enter via SWIFT.
The primary settlement currency is ISK — Icelandic Krona. Foreign-currency wires are converted at the receiving bank's prevailing rate unless a specific currency account is held at the beneficiary institution.
Total correspondent banks indexed: 29