Need to send money to Iraq? Are you considering a bank wire to transfer money to Iraq? Before you walk into your bank to do it, make sure you check out the wire transfer fees. You may get a shock the amount the costs will be and depending on the amount of the transfer, it might not be worth sending the money by bank wire transfer to send the money another way.
What can make it more costly is in addition to your financial institution charging a fee for sending the money to a bank in Iraq, the person getting the money transfer will probably also be charged a fee from the bank where they have their account. A way to reduce the possibilty of the fee is to send the international wire transfer in the currency of their account.
To initiate a bank wire transfer to Iraq, you might require a SWIFT code. These are different codes for each bank and based on a number of things including the country and individual bank.
SWIFT Country Code
Central Bank Name
Central Bank of Iraq