How to Send Money from Iraq to China with Rakiiz

In today’s world, sending money internationally has become an essential part of financial life for Iraqis—whether to support family abroad, pay university tuition fees, or manage cross-border businesses. While many focus on direct fees, exchange rates and hidden charges are often the biggest factor in determining how much actually reaches the recipient.

Traditional bank transfers can take days and are loaded with non-transparent margins on the exchange rate. This is where modern digital platforms like Rakiiz come in—combining speed, security, and transparency to make international money transfers easier and more reliable.

In this guide, you’ll learn step by step how to send money from Iraq to China, including the practical process, expected fees, ways to reduce costs, and real examples showing the difference between traditional transfers and digital transfers with Rakiiz.

Choosing the Best Transfer Method

A. Traditional Transfers

• Official Banks: Secure, but high fees and a 3–7 day transfer time.

• International Transfer Companies: Slightly faster, but with added fees and hidden exchange rate margins.

B. Digital Transfers (Rakiiz)

• Speed: Delivery within hours.

• Cost: Low, nearly fixed fees, with full transparency on exchange rates.

• Security: Full compliance with AML and KYC standards.

• Ease of Use: Simple interface for both sender and recipient.

Conclusion: Digital transfer with Rakiiz is the best option in most cases, especially for frequent or high-value transfers.

Deciding the Amount and Payment Method

A. Local Bank Transfer in Iraq via Rakiiz

• Fees: Usually lower than cards.

• Speed: A few hours for the deposit to appear on the platform.

• Security: Through trusted local banks with full protection.

Tip: For large or non-urgent amounts, choose a local bank transfer to save costs. For urgent cases, cards are excellent with Rakiiz’s transparency.

Understanding Fees and Exchange Rates

A. Checking the Exchange Rate

Rakiiz shows the mid-market rate with no hidden margins, so you know exactly what the recipient will get.

B. Reviewing Fees

Clear, low fees compared to banks—displayed upfront before you send.

C. Quick Comparison

Conclusion: With Rakiiz, you gain transparency and real savings, while traditional methods eat away at your money through fees and margins.

Entering Recipient Details in China

A. Essential Information Needed

1. Full Name exactly as in the Chinese bank account (must match spelling).

2. Account Number or Payment Card (double-check digits).

3. Bank Name and Branch Address if required.

B. Tips to Avoid Errors

• Double-check spellings and numbers before sending.

• Use official details from the recipient.

• For the first time, send a small test transfer.

Accuracy prevents delays or rejections.

Confirming and Tracking the Transfer

A. Check Before Sending

• Net amount the recipient will receive after fees.

• Exchange rate—real-time with no margins.

• Personal details: name/account/bank.

B. Confirming the Transfer

Click “Confirm Transfer” and Rakiiz will process it immediately.

C. Live Tracking

Track status inside your Rakiiz account with notifications at both processing and recipient bank delivery stages.

Tip: For large transfers the first time, do a small test transfer first.

Smart Tips to Save Money and Time

1. Always compare exchange rates before sending.

2. Send larger amounts less frequently to reduce total fees.

3. Avoid traditional channels for urgent transfers (they’re slow and costly).

4. Use a trusted platform like Rakiiz for transparency, security, and higher value.

5. Watch the market and send when rates are favorable if not urgent.

Example: Sending $5,000 tuition fees to China

• With a traditional bank: loss of $150–200 (fees + hidden margin).

• With Rakiiz: nearly the full amount arrives within hours, with transparent, fixed fees.

Common Real-Life Scenarios

A. Paying Tuition Fees ($5,000 to Beijing)

• With Rakiiz: Fast delivery, real exchange rate, transparent fees.

B. Supporting Family ($500 monthly)

• With Rakiiz: Very low fees, quick arrival, higher net value.

C. Business Transfers

• With Rakiiz: Transparent rates reduce hidden losses, and speed ensures supply chain stability.

In every scenario, Rakiiz provides: real exchange rates, lower fees, and faster delivery—for individuals and businesses.

Conclusion

Why wait days for your money to reach China when you can send it within hours?

With Rakiiz, every transfer is:

• Fast: Delivered in just hours.

• Transparent: Know upfront exactly how much your recipient will get.

• Secure: AML/KYC compliance and advanced protection.

• Easy: A smooth experience, even for non-digital users.

Don’t let hidden fees and exchange rate tricks eat away at your money. Make sure every dollar arrives where it should.

Start now with Rakiiz—send your money with confidence, speed, and peace of mind.
Begin your transfer with Rakiiz today!