How to send money to Iraq

Find the best exchange rates and lowest fees when you send money to Iraq.

Given events over the past few decades and the ongoing instability in Iraq, it probably won’t surprise you to learn that sending an international money transfer to Iraq isn’t as easy as it is for other countries. But that doesn’t mean it’s impossible – in fact, there are more options at your disposal when you want to send money to Iraq than you might expect.
World First Foreign Exchange

World First International Money Transfers

Special $0 fee offer for finder.com readers
Because World First is a trusted partner of finder.com, you can send your money transfer overseas for free.

No fees: There is no online transfer fee for all finder.com customers.

  • Enjoy competitive exchange rates.
  • Spot contracts, forward contracts and limit orders are available.
  • Receive weekly updates on market exchange rates.

    I want to send

    to

    Enter your details to speak to a foreign exchange expert

    By submitting this form, you agree to finder.com privacy policy
    Ofx Logo

    Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

    With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

    • Buying property abroad
    • Emigrating
    • Regular overseas payments
    • Risk management
    • Forecasting

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    World First Foreign Exchange
    USD 1,000 1 day USD 0.00 1178.284 Online IQD 5,891,419 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.
    Go to site View details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

    Compare up to 4 providers

    Banks versus money transfer companies

    Although there are many money transfer providers who will refuse to send money transfers to Iraq, there are some institutions capable of handling the transaction for you. You could ask your bank whether they can send money to Iraq but you may be hit with high fees and low exchange rates. You can do your bank balance a huge favour by shopping around to see how much it costs to send a transfer via a specialist money transfer company. These providers are experts at sending money overseas and offer a much better deal when it comes to exchange rates. They also charge lower fees and if you choose a reputable company, you can be guaranteed a safe and secure transaction.

    Case Study: Hosni Sends Money to Iraq
    Hosni is studying political science in the USA but he still speaks to his parents back home in Baghdad every second day. When his father gets into a bit of financial trouble, Hosni offers to send him $1,000 to help pay off his debts. He does a bit of research and finds two money transfer companies who can handle his transaction, so he compares their services to see which one offers the best value for money.

    Money transfer company 1Money transfer company 2
    Exchange rate1 USD = N/A Transfers are sent in US Dollars1 USD = N/A Transfers are sent in US Dollars
    Transfer fee$18$25
    Transfer methodCash pickupCash pickup
    Processing time10 minutes15 minutes

    As you can see, Hosni can save $7 in fees if he uses the first transfer company.

    How to compare transfer companies when transferring money to Iraq

    • Exchange rates. Does the company regularly offer higher or lower exchange rates than the competition? If its rates are higher, does it also charge high fees?
    • Fees. How much will you need to fork out each time you send a transfer? Does this change depending on the transfer method or pickup option you choose?
    • Transfer methods. Can you lodge transfers online or using a mobile app? Do you need to visit a branch to place a transfer request?
    • Transfer options. Are there flexible transfer options available, for example forward contracts, to allow you to make the most of fluctuations in the market?
    • Turnaround time. How long will it take until your beneficiary can access the funds you send?
    • Minimum amount. Will you need to exceed a minimum transfer limit every time you send money overseas? If so, will it be possible for you to manage this?
    • Pickup methods. How can your recipient access the funds you send: through their bank account or by visiting an agent location?
    • Customer service. If you ever have a problem with a transaction, will you be able to rely on round-the-clock customer support to provide the assistance you need?
    Back to top

    How to send money to Iraq from America

    • Western Union. Western Union can make the money you send available for collection within minutes from its branch locations throughout Iraq.
    • MoneyGram. MoneyGram is the second largest money transfer provider in the world and it also has cash pickup locations in Iraq.
    Back to top

    Emergency cash transfers in Iraq

    Need to send an emergency transfer to Iraq? Don’t worry: there are companies available to handle your transfer and get your money there within minutes. However, just be wary of the fact that you will need to pay more for getting your money there so quickly, with lower exchange rates and high fees both contributing to the cost of your transfer. Check all the details of your transaction closely to ensure exactly how much of an impact it will have on your bank balance.


    Find a money transfer location near you

    Back to top

    Tips for picking up cash in Iraq

    • Only visit a transfer agent in an area that has been deemed safe by authorities
    • Ask a friend to come along to help you collect the funds safely
    • Don’t flash your cash around in public
    • Don’t carry large sums of cash around for any length of time
    • Deposit the money into a bank account ASAP
    Back to top

    How to send money to Iraq

    You’ll usually need to follow these steps if you want to send money to Iraq:

    • Provide your name, contact information and address
    • Provide a form of photo ID
    • Provide your recipient’s name, country of residence and contact details
    • Provide all the details of your transfer, including the amount of money you wish to send and the currency in which your beneficiary will receive the funds
    • Pay for the transaction, including any transfer fee
    • Keep hold of any transaction reference number you receive – you can use this to monitor the progress of your transaction
    Was this content helpful to you? No  Yes

    Ask a Question

    You are about to post a question on finder.com

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Disclaimer: At finder.com we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
    Rates and fees mentioned in comments are correct at the time of publication.
    By submitting this question you agree to the finder.com privacy policy.

    US International Money Transfers Offers

    Learn about our information service
    HiFX International Money Transfers

    Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

    WorldRemit International Money Transfers

    Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

    World First Foreign Exchange

    Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.

    TransferWise International Money Transfers

    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

    feedback