🇮🇸 Iceland— Cash & Currency
Iceland Revenue and Customs (Skatturinn)
2026-07-01
Declaration Threshold
US$10,000
ISK
You must declare to customs if you are carrying cash, traveler's cheques, money orders, or negotiable bearer instruments totaling above this amount when entering or leaving Iceland.
What Must Be Declared
| Instrument | Declaration Required |
|---|---|
| Physical currency (any currency) | Yes, if above threshold |
| Traveler's cheques | Yes, if above threshold |
| Bank drafts / money orders | Yes, if above threshold |
| Bearer bonds / negotiable instruments | Yes, if above threshold |
| Credit cards / debit cards | Generally no |
| Electronic payment apps | Generally no |
Failure to declare
Carrying undeclared cash above the threshold can result in seizure of funds, fines, and in some jurisdictions criminal prosecution. When in doubt, declare.
Additional Country Notes
- 01Iceland is NOT in the EU but is in the Schengen Area + EEA.
- 02Strict biosecurity: Iceland is rabies-free; pet imports require multi-month preparation similar to UK/AU.
- 03Used riding equipment (saddles, riding clothing) banned to protect Icelandic horse population from disease.