Best companies for USD/IQD transfers
2 of 2 providers Last updated on 28 October 2026
Based on 7,000 USD transfer Best companies for USD/IQD transfers Sort Cheapest
Promoted Regency FX Pay via Bank transfer	Fee $0.00 1 USD = 1514.6875 IQD +0.27% vs mid-market	Recipient gets IQD 10,602,812.34 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 USD = 1514.6875 IQD IQD 10,602,812.34You pay$7,000.00
Run a live search Showing top United States to Iraq deals for 7,000 USD. 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 USD 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 USD you're planning to spend in Iraq.
Run a live search These are managed services with real human support for large USD transfers. Click the link and update the transfer amount to get the best deal.
$0 fee on first online transfers MoneyGram Pay via Cash deposit	Fee $60.79 1 USD = 1520.0000 IQD -0.08% vs mid-market	Recipient gets IQD 10,640,000.00 Minutes - 24 hours
2 reviews Cheapest
Ways to receive money in Iraq with MoneyGram when paying by cash deposit. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours $60.791 USD = 1520.0000 IQD IQD 10,640,000.00You pay$7,060.79
Exclusive: First Transfer Deal Regency FX Pay via Bank transfer	Fee $0.00 1 USD = 1514.6875 IQD +0.27% vs mid-market	Recipient gets IQD 10,602,812.34 Minutes - 24 hours
9 reviews FastestRecommended 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 USD = 1514.6875 IQD IQD 10,602,812.34You pay$7,000.00
$0 fee on first online transfers MoneyGram Pay via Bank transfer	Fee $5.99 1 USD = 1368.0000 IQD +10.45% vs mid-market	Recipient gets IQD 9,576,000.00 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 $5.991 USD = 1368.0000 IQD IQD 9,576,000.00You pay$7,005.99

$0 fee on first online transfers MoneyGram Pay via Debit card	Fee $75.99 1 USD = 1368.0000 IQD +10.45% vs mid-market	Recipient gets IQD 9,576,000.00 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 $75.991 USD = 1368.0000 IQD IQD 9,576,000.00You pay$7,075.99
$0 fee on first online transfers MoneyGram Pay via Credit card	Fee $179.99 1 USD = 1368.0000 IQD +10.45% vs mid-market	Recipient gets IQD 9,576,000.00 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 $179.991 USD = 1368.0000 IQD IQD 9,576,000.00You pay$7,179.99
How Our Results Work Mid-market rate: 1 USD = 1518.7882 IQD Updates every 60 minutes.

Why compare

USD/IQD exchange rate

Best ways to pay & receive

Transfer speed

How to send money from US to Iraq

Pick a company

If you're sending a one-off transfer, then MoneyGram is the best option.

MoneyGram was the cheapest on 30 of the 30 days it quoted $7,000 transfers to Iraq.

For recurring transfers, I'd suggest using an app or a multi-currency account with MoneyGram.

For large transfers, a broker like Regency FX is the best option.

If your recipient needs cash, MoneyGram is the cheapest.

How much you send will affect the best option for you right now.

Pay for it

You have 4 ways to pay for your transfer to Iraq, including bank transfer, cash deposit, debit card, and credit card.

Usually, using bank transfer to fund your transfer is the cheapest but slowest option (ACH and takes a day or two).

You can use a debit card, Apple Pay and Google Pay for quicker deposit but its a bit more expensive.

I suggest avoiding credit cards since these are most expensive and have cash advance fees (Amex is very rarely accepted in general).

Check and send

First time round you'll need to confirm who you are.

An SSN isn't required, an ITIN or a foreign passport works with most companies here.

Compare amounts

How much USD are you sending to Iraq?

How much USD 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 MoneyGram was the cheapest in 100% of the transfers from $5,000 it quoted, and in 100% of all the transfers it quoted.


$500	-0.08%	$7.19	IQD 760,000.00with cash deposit to cash pickup	+IQD 62,945.56
$2,000	-0.08%	$20.79	IQD 3,040,000.00with cash deposit to cash pickup	+IQD 228,000.00
$5,000	-0.08%	$44.79	IQD 7,600,000.00with cash deposit to cash pickup	+IQD 570,000.00
$7,000This page	-0.08%	$60.79	IQD 10,640,000.00with cash deposit to cash pickup	+IQD 645,837.53
$10,000	-0.08%	$84.79	IQD 15,200,000.00with cash deposit to cash pickup	+IQD 922,625.04
$50,000	-0.08%	$404.79	IQD 76,000,000.00with cash deposit to cash pickup	+IQD 4,610,087.65
$100,000	-0.08%	$804.79	IQD 152,000,000.00with cash deposit to cash pickup	+IQD 9,204,987.41
$250,000	-0.08%	$2,004.79	IQD 380,000,000.00with cash deposit to cash pickup	+IQD 23,012,468.52

Mid-market rate: 1 USD = 1518.7882 IQD

USD/IQD Exchange Rate History

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

The cheapest way to send USD 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 MoneyGram), across 30 days of comparisons for 7,000 USD transfers to Iraq.

Each line shows what the recipient gets when you send $7,000, after fees, as quoted by each company. The mid-market line shows what $7,000 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.

Understanding USD/IQD exchange rate

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 USD 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 28 of the last 30 days.

Right now, MoneyGram pays 10,640,000 IQD on 7,000 USD, which is 8,482.56 IQD more than the mid-market amount, so it's a good deal (pretty much free money).

Today's payout is the highest in the past month.

If you need to send money now, it's a good time to send.

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 207 comparisons to check how often today's top companies were the cheapest across 8 amounts over the past month.

MoneyGramAppeared in 202 comparisons
Cheapest every time
Regency FXAppeared in 116 comparisons
Cheapest in 2% of them

Based on 207 comparisons across 8 amounts over the last 30 days.

Is the cheapest money transfer company always the best?

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 analyze companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today MoneyGram is the cheapest and gets you the most IQD, and it was also the cheapest in 100% of the 202 comparisons it appeared in over the past month.

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

Regency FX (today's second cheapest) was the cheapest in only 2% of its comparisons, so it's rarely the cheapest option for transfers to Iraq.

Ways to send money from the US to Iraq

There are 2 companies available for sending money from the US to Iraq, across online, app, in person, and broker, and more.

For regular transfers home

Money transfer apps

If you send a few hundred dollars home every payday, an app is usually the cheapest way and the least work.

MoneyGram charges $60.79 on a $7,000 transfer with -0.08% markup, saves your recipient's details for next time, and IQD arrives in minutes - 24 hours.

Over the past month, MoneyGram was the cheapest app on 100% of the days it appeared for $7,000 transfers.

Funding from a US bank account or debit card avoids the 1% federal tax that applies to cash-funded transfers.

Sending without a US bank account

Cash & in-person transfers

Paying in cash at an agent can work without a US bank account.

The ID accepted depends on the company and the amount, so check before visiting if you do not have an SSN.

Hand $7,000 to a MoneyGram agent in the US, and your recipient will get 10,640,000 IQD in minutes - 24 hours.

Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.

However, transfers funded with cash or a money order carry a 1% federal tax since January 1, 2026. To avoid it, fund with a debit card or bank account instead (most agents take both).

For one-off transfers

Online transfers

For a one-off transfer, an online service funded from your checking account is usually the cheapest way to send money to Iraq.

Of all online companies listed here, MoneyGram gets you the most IQD per USD.

On a $7,000 transfer, you will get 10,640,000 IQD after a $60.79 fee and -0.08% markup.

In our comparisons over the past month, it was the cheapest online service on 30 of the 30 days it quoted.

But, bank funding (ACH) takes 1 to 3 business days to clear, while debit cards (and Google Pay/Apple Pay) are usually instant but cost a bit more.

For transfers over $10,000

Currency brokers

For large transfers to Iraq (e.g. a property purchase, tuition, or moving to Iraq), a broker like Regency FX charges no fee, gives you a dedicated account manager, and adds 0.27% markup on USD/IQD that gets lower the more you send.

Our analysis shows Regency FX was the cheapest broker in 100% of the transfers from $5,000 it quoted.

Business payments from the US

Global accounts

Global accounts are for US businesses paying people abroad.

Companies like Airwallex, WorldFirst, or Payoneer handle the recurring and batch payments, invoicing, tracking, and more.

Ways to fund USD and receive IQD in Iraq

With MoneyGram, paying by cash deposit and receiving through cash pickup is the cheapest combination. Sending $7,000 gives your recipient 10,640,000 IQD.

Deposit USD by bank transfer, cash deposit, debit card, and credit card.

The simplest way is to pay from your US checking account

Pay by bank transfer using your routing and account numbers.

An ACH payment is usually cheaper than a card, but it may take some time for it to clear before a money transfer company can send the money to Iraq.

You can deposit cash

You'll need to visit the nearest MoneyGram branch and hand over $7,000.

MoneyGram is the cheapest option and will get you 10,640,000 IQD on a $7,000 transfer after fees.

Transfers funded with physical cash are subject to the 1% US remittance transfer tax, but funding from a US bank account or with a US-issued debit or credit card is exempt.

Zelle, Venmo and Cash App only support domestic transfers, so they cannot send money to Iraq.

Your recipient in Iraq can collect IQD through bank deposit and cash pickup.

They can collect cash in Iraq

Your recipient can collect IQD from a participating MoneyGram location in Iraq.

They should take a valid photo ID and the collection reference, and check that the name on the transfer matches their ID.

1

Cash deposit Cash pickup

You pay $7,060.79

IQD10,640,000

Cheapest
2

Bank transfer Bank deposit

You pay $7,000.00

IQD10,602,812

-IQD37,188
3

Bank transfer Cash pickup

You pay $7,005.99

IQD9,576,000

-IQD1,064,000
4

Debit card Cash pickup

You pay $7,075.99

IQD9,576,000

-IQD1,064,000
5

Credit card Cash pickup

You pay $7,179.99

IQD9,576,000

-IQD1,064,000

Things to consider before sending USD to Iraq

The way you fund the transfer now affects the tax, while US law gives you specific rights if something goes wrong.

Find the right USD/IQD company

Cheapest way to send money to Iraq

The cheapest option is MoneyGram, funded by cash deposit with cash pickup for the payout. Your recipient gets 10,640,000 IQD, which is 0.35% more than the next best option.

Fastest way to send money to Iraq

The fastest option is MoneyGram. Pay by cash deposit and choose cash pickup for the payout. Your recipient gets 10,640,000 IQD, with the money arriving in minutes - 24 hours.

Cash-funded transfers now carry a 1% tax

Since January 1, 2026, a 1% federal tax applies when an international transfer is funded with cash, a money order, a cashier's check or a traveler's check.

Funding from a US bank account, including ACH, or with a US-issued debit or credit card is exempt.

The rule applies to how you pay in, so your recipient can still collect cash without triggering the tax.

The $10,000 rule is not a transfer limit

There is no federal cap on how much of your own money you can send electronically abroad.

Your bank or transfer company can set its own limit and ask for proof of where a large or unusual payment came from.

Cash reports and the declaration for physically carrying more than $10,000 across the US border are separate rules.

Do not split cash transactions to avoid a report.

You normally have 30 minutes to cancel

The US Remittance Transfer Rule requires a covered company to show the exchange rate, fees and expected amount received before you pay.

You can normally cancel within 30 minutes at no charge, provided the money has not been deposited or collected.

You also have error-resolution rights if the wrong amount arrives or the transfer never turns up.

Contact the company first and keep the receipt.

The CFPB explains the cancellation and error process.

Need to send a large amount of USD to Iraq?

For transfers over $10,000, MoneyGram is the best option.

It offers the best exchange rate, which is more important than the fee for large transfers to Iraq.

While MoneyGram may not always be the cheapest or fastest way to send IQD, they offer years of experience, and will offer you the peace of mind you need when sending large amounts abroad.

Read Review

How we analyze the market

We track, save, and analyze the cost, speed, and product offerings of the leading money transfer services available between Iraq and United States. 

We work with leading money transfer companies to provide real time fees and exchange rates. In the past 30 days alone, we analyzed 207 comparisons across 8 amounts.

This page covers the cheapest and fastest options for USD/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.

For a deeper understanding of our commitment to integrity and transparency, check out these articles:

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.

Related transfer routes

Send money to Iraq

Send money from United Kingdom to Iraq Send money from Spain to Iraq

Tue, Sep 29, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1310.5000	–	IQD 9,173,500.00
MoneyGram Cheapest	1320.0000	$60.79	IQD 9,240,000.00	+IQD 66,500.00
Regency FX	1306.9616	$0.00	IQD 9,148,731.55	−IQD 24,768.45

Wed, Sep 30, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1310.0000	–	IQD 9,170,000.00
MoneyGram Cheapest	1320.0000	$60.79	IQD 9,240,000.00	+IQD 70,000.00
Regency FX	1306.4630	$0.00	IQD 9,145,241.00	−IQD 24,759.00

Thu, Oct 1, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1310.0000	–	IQD 9,170,000.00
MoneyGram Cheapest	1320.0000	$60.79	IQD 9,240,000.00	+IQD 70,000.00
Regency FX	1306.4630	$0.00	IQD 9,145,241.00	−IQD 24,759.00

Fri, Oct 2, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1316.9080	–	IQD 9,218,355.71
MoneyGram Cheapest	1320.0000	$60.79	IQD 9,240,000.00	+IQD 21,644.29
Regency FX	1313.3523	$0.00	IQD 9,193,466.15	−IQD 24,889.56

Sat, Oct 3, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1310.0000	–	IQD 9,170,000.00
MoneyGram Cheapest	1320.0000	$60.79	IQD 9,240,000.00	+IQD 70,000.00
Regency FX	1306.4630	$0.00	IQD 9,145,241.00	−IQD 24,759.00

Sun, Oct 4, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1307.1628	–	IQD 9,150,139.88
MoneyGram Cheapest	1320.0000	$60.79	IQD 9,240,000.00	+IQD 89,860.12
Regency FX	1303.6335	$0.00	IQD 9,125,434.50	−IQD 24,705.38

Mon, Oct 5, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1309.0405	–	IQD 9,163,283.19
MoneyGram Cheapest	1320.0000	$60.79	IQD 9,240,000.00	+IQD 76,716.81
Regency FX	1305.5060	$0.00	IQD 9,138,542.32	−IQD 24,740.87

Tue, Oct 6, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1307.3095	–	IQD 9,151,166.57
MoneyGram Cheapest	1320.0000	$60.79	IQD 9,240,000.00	+IQD 88,833.43
Regency FX	1303.7798	$0.00	IQD 9,126,458.42	−IQD 24,708.15

Fri, Oct 9, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1510.3085	–	IQD 10,572,159.48
MoneyGram Cheapest	1520.0000	$60.79	IQD 10,640,000.00	+IQD 67,840.52
Regency FX	1506.2307	$0.00	IQD 10,543,614.65	−IQD 28,544.83

Sat, Oct 10, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1515.0569	–	IQD 10,605,398.17
MoneyGram Cheapest	1520.0000	$60.79	IQD 10,640,000.00	+IQD 34,601.83
Regency FX	1510.9662	$0.00	IQD 10,576,763.60	−IQD 28,634.57

Mon, Oct 12, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1514.0302	–	IQD 10,598,211.34
MoneyGram Cheapest	1520.0000	$60.79	IQD 10,640,000.00	+IQD 41,788.66
Regency FX	1509.9423	$0.00	IQD 10,569,596.17	−IQD 28,615.17

Tue, Oct 13, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1518.7616	–	IQD 10,631,331.35
MoneyGram Cheapest	1520.0000	$60.79	IQD 10,640,000.00	+IQD 8,668.65
Regency FX	1514.6610	$0.00	IQD 10,602,626.75	−IQD 28,704.60

Wed, Oct 14, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1512.1716	–	IQD 10,585,201.31
MoneyGram Cheapest	1520.0000	$60.79	IQD 10,640,000.00	+IQD 54,798.69
Regency FX	1508.0888	$0.00	IQD 10,556,621.27	−IQD 28,580.04

Thu, Oct 15, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1515.0000	–	IQD 10,605,000.00
MoneyGram Cheapest	1520.0000	$60.79	IQD 10,640,000.00	+IQD 35,000.00
Regency FX	1510.9095	$0.00	IQD 10,576,366.50	−IQD 28,633.50

Fri, Oct 16, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1515.1637	–	IQD 10,606,145.74
MoneyGram Cheapest	1520.0000	$60.79	IQD 10,640,000.00	+IQD 33,854.26
Regency FX	1511.0727	$0.00	IQD 10,577,509.15	−IQD 28,636.59

Sat, Oct 17, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1518.2138	–	IQD 10,627,496.33
MoneyGram Cheapest	1520.0000	$60.79	IQD 10,640,000.00	+IQD 12,503.67
Regency FX	1514.1146	$0.00	IQD 10,598,802.09	−IQD 28,694.24

Mon, Oct 19, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1520.9739	–	IQD 10,646,817.16
MoneyGram Cheapest	1520.0000	$60.79	IQD 10,640,000.00	−IQD 6,817.16
Regency FX	1516.8673	$0.00	IQD 10,618,070.75	−IQD 28,746.41

Wed, Oct 21, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1513.2502	–	IQD 10,592,751.25
MoneyGram Cheapest	1520.0000	$60.79	IQD 10,640,000.00	+IQD 47,248.75
Regency FX	1509.1644	$0.00	IQD 10,564,150.82	−IQD 28,600.43

Thu, Oct 22, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1516.0755	–	IQD 10,612,528.32
MoneyGram Cheapest	1520.0000	$60.79	IQD 10,640,000.00	+IQD 27,471.68
Regency FX	1511.9821	$0.00	IQD 10,583,874.49	−IQD 28,653.83

Fri, Oct 23, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1515.2325	–	IQD 10,606,627.81
MoneyGram Cheapest	1520.0000	$60.79	IQD 10,640,000.00	+IQD 33,372.19
Regency FX	1511.1414	$0.00	IQD 10,577,989.91	−IQD 28,637.90

Sat, Oct 24, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1514.8837	–	IQD 10,604,186.19
MoneyGram Cheapest	1520.0000	$60.79	IQD 10,640,000.00	+IQD 35,813.81
Regency FX	1510.7936	$0.00	IQD 10,575,554.89	−IQD 28,631.30

Mon, Oct 26, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1512.6695	–	IQD 10,588,686.17
MoneyGram Cheapest	1520.0000	$60.79	IQD 10,640,000.00	+IQD 51,313.83
Regency FX	1508.5852	$0.00	IQD 10,560,096.72	−IQD 28,589.45

Tue, Oct 27, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1518.2768	–	IQD 10,627,937.58
MoneyGram Cheapest	1520.0000	$60.79	IQD 10,640,000.00	+IQD 12,062.42
Regency FX	1514.1774	$0.00	IQD 10,599,242.15	−IQD 28,695.43

Wed, Oct 28, 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1518.7882	–	IQD 10,631,517.44
MoneyGram Cheapest	1520.0000	$60.79	IQD 10,640,000.00	+IQD 8,482.56
Regency FX	1514.6875	$0.00	IQD 10,602,812.34	−IQD 28,705.10

Compare the best ways to send money from United States to Iraq

Best companies for USD/IQD transfers