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Overall best way: Payoneer
Payoneer scored the highest of the 3 money transfer companies supporting IQD to GBP transfers.
In total, Payoneer appeared in 55.6% of Iraq to United Kingdom searches.
For a great mix of cost, speed & features, we advise using Payoneer for your Iraq to United Kingdom transfer.
How to compare companies offering money transfers from Iraq to United Kingdom
- Always compare rates
Use our live comparison tool to make sure you aren't missing the best rates to send money from Iraq to the United Kingdom. This ensures the best price.
- Choose a provider
Select the company that offers you the best value & options for sending to the United Kingdom.
- Click, sign up & send
Sign up & make your transfer. Your funds will soon be on their way from Iraq to your chosen country & currency.
Summary of recent searches
Considerations for sending money from Iraq to United Kingdom
Always compare ways to send money from Iraq to the United Kingdom to get the best options for fees, speed, and reliability.
Our analysis included 3 providers that operate between Iraq and United Kingdom.
Through this, you get a comprehensive view of all the options you have in Iraq when you need to send money to the United Kingdom.
Cheapest way to send money from Iraq to the United Kingdom: Sokin
On average, Sokin fees were 13.33* IQD per transfer and customers would expect an exchange rate between IQD-GBP that is 0.5% different to the mid-market rate
Against the others tested, Sokin is 0.4% cheaper than the second-best option.
To secure a cheap way to transfer IQD to the United Kingdom, Sokin is our recommendation.
*The most common fee applied to IQD-GBP by Sokin, based on data from the past six months.
Fastest company to send money to the United Kingdom from Iraq: Wise.
Through our data, Wise was the quickest way to send money from Iraq to Pound Sterling 55.6% of the time.
Sending money through Wise to the United Kingdom from Iraq has an average fee of 22.47 IQD.
To understand who was the fastest, we tested Wise as part of 3 money transfer providers. Within this, we looked at the overall speed of sending money from Iraq to the United Kingdom. This was made up of transfer times to the United Kingdom after Iraqi Dinars were added to a money transfer account.
When fast money transfers between Iraq and the United Kingdom are a priority, Wise is our recommended choice.
Sending large amounts of money
Of the 3 companies compared, Payoneer has the strongest option for large transfers from Iraq to the United Kingdom.
Whatever the reason, sending bigger sums of money can be costly if you get a bad exchange rate from Iraqi Dinar to Pound Sterling.
The Payoneer rate makes them great for large transfers between the United Kingdom and Iraq.
Understanding the cost of money transfers to United Kingdom from Iraq
The total cost of sending money to United Kingdom from Iraq is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for IQD-GBP is 0.0006 GBP per Iraqi Dinar.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Pound Sterling for your Iraqi Dinars.
The IQD-GBP mid-market rate over the last three months has seen the Iraqi Dinar worth an average 0.0006 GBP. Within this there has been a high of 0.0006, and a low of 0.0006.
From 3 companies compared, Payoneer offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting IQD to GBP.
Fees: When sending money there may be additional fees. Instarem offers the lowest fee of the 3 providers tested, averaging 13.33 IQD per transfer over the last 6 months.
Amount Received: When comparing providers, the best measure is the amount of Pound Sterling eventually received in the United Kingdom.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in the United Kingdom, means a better overall cost of sending money from Iraq.
How to find the best exchange rate for Iraqi Dinar to Pound Sterling
Timing is essential for sending money between IQD and GBP. The exchange rate you secure impacts how much GBP you get for your IQD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from IQD to GBP has seen some fluctuation. On average, it stood at 0.0006.
During this period, the highest value recorded was 0.0006, while the lowest was 0.0006.
Payoneer, which is our recommended service to send money online from Iraq to United Kingdom offers an exchange rate that is only 1.24% above the mid-market rate.
Want to secure the best IQD-Pound Sterling exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Iraq to United Kingdom!
Paying for your Iraq to United Kingdom transfer
Bank transfers
Paying via a bank transfer is often the better option for sending money from Iraq to the United Kingdom.
By using a money transfer company such as Sokin for transfers from Iraq to the United Kingdom, you can send money and while benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Sokin is the cheapest provider for bank transfers from the 3 we tested when sending IQD to the United Kingdom.
With an average fee of 0 IQD to send money from Iraq to the United Kingdom, Sokin offers the best combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Iraq to the United Kingdom with a debit or a prepaid card is easy with Instarem.
Instarem is a one of the better options in the market for international debit card transfers from Iraq to the United Kingdom.
Credit cards
For credit card transfers from Iraq to the United Kingdom, Instarem is our top choice of the 3 companies offering this payment method.
Be aware of fees: using a credit card to transfer money can mean being charged for a cash advance by your card provider. We always recommend a bank transfer or debit card payment if it is a possibility.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between United Kingdom and Iraq.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Iraq to United Kingdom.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send IQD to GBP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
