It is the women's football department of Íþróttafélagið Vestri multi-sport club.

After ÍBÍ women's team folded before the 1988 season, a women's team was founded under the BÍ'88 name and took its spot in the top-tier 1. deild kvenna.

[1] They won the then second-tier 2. deild kvenna in 1989 but withdrew from the top-tier 1. deild kvenna prior to the 1990 season and did not field a team again until 1992.

[3] In 2023, the club registered a women's team for the 2024 season in 2. deild kvenna and hired Kristján Arnar Ingason as the new head coach.

[4] Players who have played for Vestri (BÍ'88, BÍ/Bolungarvík) and earned international caps at senior level.