On a budget and looking for free ATMs in Faroe Islands - Any top banks?
Faroe Islands is one of the easiest places for budget travelers when it comes to money. I never needed to carry much cash because my Mastercard worked at every merchant I tried. BankNordik and Føroya Banki have ATMs, but if you do withdraw cash, make sure to use your card in local currency (DKK) and always check for alliance partners for free withdrawals. If you’re hostel-hopping, almost all locations take cards for payment so don’t stress about the ATMs unless you really want cash in hand.
From my recent backpacking trip, I realized that cards are used everywhere in the Faroe Islands, even for tiny purchases. BankNordik’s branch ATMs are the right choice for budget travelers, especially those with fee-free cards like Wise or N26. If your bank is not partnered, the fees are still reasonable. Locals say Tórshavn’s main street and Miðvágur near the airport have the best access for free or low-cost ATM use.
Honestly, you barely need cash in the Faroe Islands, but if you’re set on using ATMs, BankNordik in Tórshavn offers reliable fee-free withdrawals for many foreign cards. Ask your bank if they’re part of a free withdrawal network like Global ATM Alliance. When I stayed at VisitHav Hostel, their staff always pointed travelers to BankNordik or Føroya Banki for the lowest-cost options. ATMs at the airport sometimes charge so avoid those if possible.
In the Faroe Islands, budget-conscious travelers will love how card-friendly the country is. Pretty much every shop, restaurant, and even buses accept Visa and Mastercard, making ATM withdrawals almost unnecessary. For those who do need cash, BankNordik and Føroya Banki ATMs around Tórshavn are your go-to-fees are low and sometimes free if your card’s bank has a partnership. I never paid extra charges when withdrawing Danish kroner with my Revolut card.