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Faroe Islands

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Money in Faroe Islands

Payments, banking, ATMs, cash and cards.

Payments, banking, ATMs, cash and cards. — in Faroe Islands.

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The parts of money in Faroe Islands people ask about most.

Updating…

The short answer — money in Faroe Islands

One best pick of each kind, before you browse everything.

Best app

Wise (formerly TransferWise)

A global technology company that facilitates international money transfers and offers insights on corporate taxation.

Get the app

Apps & services12

What to install before you land — one tap to get each one.

Money & payments

7 items

Official site

Elektron

The primary interbank clearing and settlement system in the Faroe Islands, essential for all electronic payments.

Official site

Atlantic Airways

The national airline of the Faroe Islands, providing flights to and from the islands.

App

Føroya Tele (Faroese Telecom)

While primarily a telecom provider, they offer mobile payment solutions and top-up services that are widely used.

App

Taksi

Although primarily for booking taxis, their app often integrates payment functionalities, making it a common way to pay for transport.

Banking

10 items

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Official site

Wise (formerly TransferWise)

A global technology company that facilitates international money transfers and offers insights on corporate taxation.

09/06/2026
App

Betri Banki

Largest bank in the Faroe Islands, offering a full range of banking services for residents.

App

BankNordik

A leading financial institution in the Faroe Islands providing banking and insurance services.

App

Norðoya Sparikassi

A local savings bank serving the northern islands, offering traditional banking services.

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