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.
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    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
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    USD 1,000 1 day USD 0.00 1178.284 Online IQD 5,891,419 Exclusive offer: $0 transfer fee
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    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?
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    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.
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    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.

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    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
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    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
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