Best companies for GBP/IQD transfers
2 of 2 providers Last updated on 10 November 2026
Based on 6,000 GBP transfer Best companies for GBP/IQD transfers Sort Cheapest
Promoted Regency FX Pay via Bank transfer	Fee £0.00 1 GBP = 2032.9647 IQD +0.27% vs mid-market	Recipient gets IQD 12,197,787.96 Minutes - 24 hours
9 reviews Personal account managerReceive to bank accountProfessional, personal service
Ways to receive money in Iraq with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 GBP = 2032.9647 IQD IQD 12,197,787.96You pay£6,000.00
Run a live search Showing top United Kingdom to Iraq deals for 6,000 GBP. Do a live search with your exact amount for today's best rates.
Run a live search Showing companies that send from a business account. Run a business search to get live GBP to IQD rates.
Run a live search These companies offer multi-currency accounts for spending IQD. We suggest doing a live search based on how much GBP you're planning to spend in Iraq.
Run a live search These are managed services with real human support for large GBP transfers. Click the link and update the transfer amount to get the best deal.
Exclusive: First Transfer Deal Regency FX Pay via Bank transfer	Fee £0.00 1 GBP = 2032.9647 IQD +0.27% vs mid-market	Recipient gets IQD 12,197,787.96 Minutes - 24 hours
9 reviews CheapestFastestOur top pick Personal account managerReceive to bank accountProfessional, personal service
Ways to receive money in Iraq with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 GBP = 2032.9647 IQD IQD 12,197,787.96You pay£6,000.00
$0 fee on first online transfers MoneyGram Pay via Debit card	Fee £4.99 1 GBP = 1989.5723 IQD +2.43% vs mid-market	Recipient gets IQD 11,937,433.80 Minutes - 24 hours
2 reviews
Ways to receive money in Iraq with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours £4.991 GBP = 1989.5723 IQD IQD 11,937,433.80You pay£6,004.99

$0 fee on first online transfers MoneyGram Pay via Credit card	Fee £4.99 1 GBP = 1989.5723 IQD +2.43% vs mid-market	Recipient gets IQD 11,937,433.80 Minutes - 24 hours
2 reviews
Ways to receive money in Iraq with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours £4.991 GBP = 1989.5723 IQD IQD 11,937,433.80You pay£6,004.99
$0 fee on first online transfers MoneyGram Pay via Bank transfer	Fee £4.99 1 GBP = 1989.5723 IQD +2.43% vs mid-market	Recipient gets IQD 11,937,433.80 Minutes - 24 hours
2 reviews
Ways to receive money in Iraq with MoneyGram when paying by bank transfer. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours £4.991 GBP = 1989.5723 IQD IQD 11,937,433.80You pay£6,004.99
How Our Results Work Mid-market rate: 1 GBP = 2038.4685 IQD Updates every 60 minutes.

Why compare

GBP/IQD exchange rate

Best ways to pay & receive

Transfer speed

How to send money from UK to Iraq

Pick a company

For a one-off GBP transfer to Iraq, I suggest picking the cheapest option which is Regency FX.

Regency FX was the cheapest on 26 of the 27 days it quoted £6,000 transfers to Iraq.

On a 6,000 GBP transfer, Regency FX delivers the most IQD.

The best option will change depending on how much you actually send, so I suggest to get the best GBP/IQD rate.

Fund your transfer

You have 3 ways to pay, including bank transfer, debit card, and credit card.

Paying from your bank is usually the fastest, since most companies connect to your banking app via Open Banking.

Anywhere a debit card works, Apple Pay and Google Pay usually do too.

Verify and send

First time round you'll need to confirm your name, date of birth, address and a photo ID.

On a £6,000 transfer the verification is normally instant but can take a couple of hours.

Compare amounts

How much GBP are you sending to Iraq?

How much GBP you send to Iraq heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Regency FX was the cheapest in 98% of the transfers from £6,000 it quoted, and in 98% of all the transfers it quoted.


£500	2.43%	£4.99	IQD 994,786.15with debit card to cash pickup	+IQD 71,422.12
£1,000	2.35%	£4.99	IQD 1,989,572.30with debit card to cash pickup	+IQD 132,051.10
£2,000	2.37%	£4.99	IQD 3,979,144.60with debit card to cash pickup	IQD 0.00
£6,000This page	0.27%	£0.00	IQD 12,197,787.96with bank transfer to bank deposit	+IQD 195,265.62
£10,000	0.27%	£0.00	IQD 20,324,724.07with bank transfer to bank deposit	+IQD 321,750.80
£50,000	0.25%	£0.00	IQD 101,638,531.14with bank transfer to bank deposit	+IQD 1,619,937.11
£250,000	0.20%	£0.00	IQD 508,529,473.11with bank transfer to bank deposit	IQD 0.00

Mid-market rate: 1 GBP = 2038.4685 IQD

GBP/IQD Exchange Rate History

Is today a good time to send money from UK to Iraq?

The cheapest way to send GBP to IQD can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Regency FX), across 30 days of comparisons for 6,000 GBP transfers to Iraq.

Each line shows what the recipient gets when you send £6,000, after fees, as quoted by each company. The mid-market line shows what £6,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more IQD per GBP than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 1 of the last 30 days.

Right now, Regency FX pays 12,197,787.96 IQD on 6,000 GBP, which is 33,023.19 IQD less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 12,218,413.84 IQD.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Iraq.

We've tracked 209 comparisons to check how often today's top companies were the cheapest across 7 amounts over the past month.

Regency FXAppeared in 109 comparisons
Cheapest in 98% of them
MoneyGramAppeared in 168 comparisons
Cheapest in 57% of them

Based on 209 comparisons across 7 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Regency FX is the cheapest and gets you the most IQD, and it was also the cheapest in 98% of the 109 comparisons it appeared in over the past month.

It's a good pick for both one-off and regular transfers to Iraq.

MoneyGram (today's second cheapest) was the cheapest in 57% of its comparisons, so if you send money to Iraq regularly, it's worth comparing it with Regency FX before each transfer.

Ways to send money from the UK to Iraq

There are many ways to send money to Iraq from the UK, including currency broker, online, app, and in person, and more.

For small & frequent transfers

Money transfer apps

If you send small amounts back home to Iraq, say weekly or monthly, an app like MoneyGram is the easiest and cheapest way to do it.

It charges £4.99 in fees, has 2.43% markup, lets you save recipient details, and IQD will arrive in minutes.

Over the past month, MoneyGram was the cheapest app on 100% of the days it appeared for £6,000 transfers.

For one off transfers

Online transfers

Sending money online is good for occasional medium sized IQD transfers, around £1,000 - £5,000.

Online companies like MoneyGram often have higher limits and/or first time promos.

Of the 2 companies we compared, MoneyGram is the cheapest online service and will get you IQD11,937,433.80 on a £6,000 transfer.

In our comparisons over the past month, it was the cheapest online service on 27 of the 27 days it quoted.

For large transfers

Brokers

Currency brokers like Regency FX are the best for £10,000+ transfers (things like house deposits, education fees, relocation, etc.).

You get a dedicated account manager to handle your transfer to Iraq, and real human support.

Regency FX charges no fees on large transfers, but adds 0.27% markup on top of the current GBP/IQD rate.

The markup gets better the more GBP you send, so we suggest .

Our analysis shows Regency FX was the cheapest broker in 100% of the transfers from £6,000 it quoted.

For business transfers

Global accounts

Global accounts are for UK businesses making payments overseas.

For suppliers, freelancers, salaries, or invoices in Iraq, companies like Airwallex, WorldFirst, or Payoneer handle batch and recurring payments a consumer app simply can’t.

Ways to fund GBP and receive IQD in Iraq

Pay-in and pay-out methods will affect how much GBP you deposit and how much IQD your recipient gets. Use the table below to see how different options change how much you pay and what they get.

The overall best and cheapest way to send £6,000 to Iraq is via Regency FX, using a bank transfer to deposit GBP and bank deposit to receive IQD.

Depositing GBP

You have 3 pay-in options for transfers to Iraq, including bank transfer, debit card, and credit card.

The cheapest pay-in option is bank transfer.

The fastest option in the UK is almost always bank transfer, since most companies use Open Banking and Faster Payments System (FPS).

The most expensive deposit option is bank transfer.

Be careful with credit card deposits, since your bank often treats it as a cash advance and will charge interest.

Receiving money in Iraq

Money can reach Iraq by bank deposit and cash pickup, and each delivery method comes with its own fees.

The cheapest way to receive money in Iraq is with bank deposit on average.

Receiving cash

MoneyGram is the cheapest option for cash pickup (getting you IQD11,937,433.80 on a £6,000 transfer).

Digital wallets

Your recipient can receive IQD directly into a digital wallet (like PayPal or similar) which usually takes a few minutes to arrive.

1

Bank transfer Bank deposit

You pay £6,000.00

IQD12,197,788

Cheapest
2

Bank transfer Cash pickup

You pay £6,004.99

IQD11,937,434

-IQD260,354
3

Debit card Cash pickup

You pay £6,004.99

IQD11,937,434

-IQD260,354
4

Credit card Cash pickup

You pay £6,004.99

IQD11,937,434

-IQD260,354

Consider this when sending GBP to Iraq

There are a few nuances you should consider before sending GBP to Iraq such as limits, taxes, and safety.

Compare GBP/IQD transfer options

Right now, these are the best money transfer options for a £6,000 transfer to Iraq:

Cheapest way to send money to Iraq

The cheapest way is to use Regency FX, pay in with a bank transfer and withdraw via bank deposit. You will get IQD12,197,787.96, which is 2.13% more than the next best option.

Fastest way to send money to Iraq

The fastest way is to use Regency FX via bank transfer deposit and bank deposit for pay out. You get IQD12,197,787.96 and it will arrive in minutes - 24 hours.

UK transfer limits

There is no legal limit and no tax on sending your own money abroad.

Main hard limits come from your bank or money transfer company, often around £10,000 to £25,000 online (which you can usually increase in the app).

Also, the "£10,000 declaration" only applies to physically carrying cash through the border, not online transfers.

And on bigger GBP/IQD transfers (roughly £10,000 up) expect a source-of-funds check, such as a payslip or a statement.

These are anti-money-laundering checks, and they can hold your transfer up, so have the documents ready.

The transfer costs involved

Your cost is the fee plus the exchange-rate margin.

For example, sending £6,000 with Regency FX will get you 12,197,787.96 IQD, that’s including £0 fee and 0.27% in exchange rate markup.

Taxes on money transfers

There is no UK tax for the act of sending money to Iraq.

And, regular gifts from your normal income are free of inheritance tax straight away, with no cap and no seven-year wait, as long as you can still cover your usual living costs.

Staying safe when sending abroad

Only ever use a provider authorised by the FCA, which you can check on the FCA register in under a minute.

The rules in place for any scams cover domestic pound transfers only, on a transfer abroad you're less protected.

Always confirm who you're really sending to before you send, because there's little recourse after.

For more information, check our guide to money transfer regulations in the UK.

How we analyse the market

We track 2 regulated companies offering money transfers from the UK to Iraq in real time.

We analyse the fees, exchange rates, deposit/withdrawal methods, and each goes through our internal review.

Most GBP/IQD pricing data comes directly from the providers. We collect the rest manually, run it through our comparison engine and label it in the table.

In the past 30 days alone, we analysed 209 comparisons across 7 amounts.

This page covers the cheapest and fastest options for GBP/IQD transfers. This is how we pick them:

Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Send money from United Kingdom

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Mon, 12 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2005.2450	–	IQD 12,031,470.26
Regency FX Cheapest	1999.8309	£0.00	IQD 11,998,985.29	−IQD 32,484.97
MoneyGram	1962.8825	£4.99	IQD 11,777,295.00	−IQD 254,175.26

Tue, 13 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2010.2868	–	IQD 12,061,720.76
Regency FX Cheapest	2004.8590	£0.00	IQD 12,029,154.11	−IQD 32,566.65
MoneyGram	1962.2894	£4.99	IQD 11,773,736.40	−IQD 287,984.36

Wed, 14 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1723.9451	–	IQD 10,343,670.86
MoneyGram Cheapest	1966.4411	£4.99	IQD 11,798,646.60	+IQD 1,454,975.74
Regency FX	1719.2905	£0.00	IQD 10,315,742.95	−IQD 27,927.91

Thu, 15 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2006.4350	–	IQD 12,038,609.86
Regency FX Cheapest	2001.0176	£0.00	IQD 12,006,105.61	−IQD 32,504.25
MoneyGram No quote collected this day	–	–	–	–

Fri, 16 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2018.5092	–	IQD 12,111,055.39
Regency FX Cheapest	2013.0593	£0.00	IQD 12,078,355.54	−IQD 32,699.85
MoneyGram	1966.8860	£4.99	IQD 11,801,316.00	−IQD 309,739.39

Sat, 17 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2018.6929	–	IQD 12,112,157.41
Regency FX Cheapest	2013.2424	£0.00	IQD 12,079,454.59	−IQD 32,702.82
MoneyGram	1976.2274	£4.99	IQD 11,857,364.40	−IQD 254,793.01

Mon, 19 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2026.5466	–	IQD 12,159,279.54
Regency FX Cheapest	2021.0749	£0.00	IQD 12,126,449.49	−IQD 32,830.05
MoneyGram	1976.2274	£4.99	IQD 11,857,364.40	−IQD 301,915.14

Tue, 20 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2024.2899	–	IQD 12,145,739.63
Regency FX Cheapest	2018.8244	£0.00	IQD 12,112,946.13	−IQD 32,793.50
MoneyGram	1975.7826	£4.99	IQD 11,854,695.60	−IQD 291,044.03

Wed, 21 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2026.7332	–	IQD 12,160,398.95
Regency FX Cheapest	2021.2610	£0.00	IQD 12,127,565.88	−IQD 32,833.07
MoneyGram No quote collected this day	–	–	–	–

Thu, 22 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2032.6820	–	IQD 12,196,091.78
MoneyGram Cheapest	1986.4585	£4.99	IQD 11,918,751.00	−IQD 277,340.78
Regency FX No quote collected this day	–	–	–	–

Fri, 23 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2027.2021	–	IQD 12,163,212.44
Regency FX Cheapest	2021.7286	£0.00	IQD 12,130,371.76	−IQD 32,840.68
MoneyGram	1985.8654	£4.99	IQD 11,915,192.40	−IQD 248,020.04

Sat, 24 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2026.0812	–	IQD 12,156,487.41
Regency FX Cheapest	2020.6108	£0.00	IQD 12,123,664.89	−IQD 32,822.52
MoneyGram	1983.6412	£4.99	IQD 11,901,847.20	−IQD 254,640.21

Mon, 26 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2019.2484	–	IQD 12,115,490.36
Regency FX Cheapest	2013.7964	£0.00	IQD 12,082,778.54	−IQD 32,711.82
MoneyGram	1983.6412	£4.99	IQD 11,901,847.20	−IQD 213,643.16

Tue, 27 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2022.9260	–	IQD 12,137,556.26
Regency FX Cheapest	2017.4641	£0.00	IQD 12,104,784.86	−IQD 32,771.40
MoneyGram	1979.0446	£4.99	IQD 11,874,267.60	−IQD 263,288.66

Wed, 28 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2019.1147	–	IQD 12,114,688.46
Regency FX Cheapest	2013.6631	£0.00	IQD 12,081,978.81	−IQD 32,709.65
MoneyGram No quote collected this day	–	–	–	–

Thu, 29 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2015.6295	–	IQD 12,093,777.05
Regency FX Cheapest	2010.1873	£0.00	IQD 12,061,123.85	−IQD 32,653.20
MoneyGram	1969.5550	£4.99	IQD 11,817,330.00	−IQD 276,447.05

Fri, 30 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	–	–	–
MoneyGram Cheapest	1973.2619	£4.99	IQD 11,839,571.40	–
Regency FX No quote collected this day	–	–	–	–

Sat, 31 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2028.4791	–	IQD 12,170,874.73
Regency FX Cheapest	2023.0022	£0.00	IQD 12,138,013.37	−IQD 32,861.36
MoneyGram	1990.6102	£4.99	IQD 11,943,661.20	−IQD 227,213.53

Sun, 1 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2028.4034	–	IQD 12,170,420.59
Regency FX Cheapest	2022.9267	£0.00	IQD 12,137,560.46	−IQD 32,860.13
MoneyGram	1990.6102	£4.99	IQD 11,943,661.20	−IQD 226,759.39

Mon, 2 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2039.4413	–	IQD 12,236,647.93
MoneyGram Cheapest	1990.6102	£4.99	IQD 11,943,661.20	−IQD 292,986.73
Regency FX No quote collected this day	–	–	–	–

Tue, 3 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2033.1531	–	IQD 12,198,918.43
Regency FX Cheapest	2027.6636	£0.00	IQD 12,165,981.35	−IQD 32,937.08
MoneyGram	1987.4964	£4.99	IQD 11,924,978.40	−IQD 273,940.03

Wed, 4 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2032.5090	–	IQD 12,195,054.02
Regency FX Cheapest	2027.0212	£0.00	IQD 12,162,127.38	−IQD 32,926.64
MoneyGram	1988.2378	£4.99	IQD 11,929,426.80	−IQD 265,627.22

Thu, 5 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2041.9155	–	IQD 12,251,492.87
Regency FX Cheapest	2036.4023	£0.00	IQD 12,218,413.84	−IQD 33,079.03
MoneyGram	1998.6171	£4.99	IQD 11,991,702.60	−IQD 259,790.27

Fri, 6 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2034.5854	–	IQD 12,207,512.23
Regency FX Cheapest	2029.0920	£0.00	IQD 12,174,551.95	−IQD 32,960.28
MoneyGram	1995.6516	£4.99	IQD 11,973,909.60	−IQD 233,602.63

Sat, 7 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2022.2498	–	IQD 12,133,498.73
Regency FX Cheapest	2016.7897	£0.00	IQD 12,100,738.29	−IQD 32,760.44
MoneyGram	1985.7171	£4.99	IQD 11,914,302.60	−IQD 219,196.13

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