Money Transfer from the USA to Iran – the Best Money Transfer Companies to Transfer Money to Iran

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Sending money from the United States to Iran poses unique challenges thanks to economic sanctions and blocked banking channels between the two countries. However, over 1 million Iranian-Americans still need to successfully transfer money back to relatives in Iran for various emergencies, expenses, or investments.

In this article, we review the top money transfer companies that can reliably route remittances from the USA to recipients in cities and regions across Iran. We compare total fees, exchange rates, speed of transfers, local agent pick-up locations in Iran, and other features using both Iranian money transfer specialists as well as major firms like WU, MoneyGram and others with workarounds for Iranian transfers.

Whether you need to quickly arrange a one-time payment or set up recurring transfers from your US bank account, we help identify your best option. We outline the limitations, fees and transfer processes for using companies like,, as well as traditional players like Western Union and MoneyGram. Follow our tips to avoid common mistakes and have confidence your dollars can safely reach family and contacts in Tehran, Tabriz, Mashhad or other destinations in Iran.

By the end, you’ll have the information you need to choose the cheapest, fastest and most reliable money transfer service from the USA to recipients and bank accounts located throughout Iran.

Iran’s Currency – the Iranian Rial (IRR)

Iran’s currency is the Iranian Rial (IRR), and it plays a central role in the country’s economic landscape. As of my last knowledge update in January 2022, the Iranian Rial faces unique challenges due to economic sanctions imposed by various countries, including the United States. These sanctions have significantly impacted the exchange rate and the overall stability of the currency. The Iranian government has had to implement various measures to manage the currency’s value, including multiple official exchange rates and restrictions on foreign currency transactions. Despite these challenges, the Iranian Rial remains in circulation for domestic transactions, and the exchange rate fluctuates in the unofficial market. However, it’s important to note that economic conditions and currency values can change rapidly, so the current status of the Iranian Rial may differ from the information provided here.

What Are the Best Companies for Transferring Money from the USA to Iran?

When considering the best options for transferring money from the USA to Iran, XE emerges as a standout provider. Operating from the USA and allowing transactions in USD, XE facilitates money transfers to Iran with a significant degree of flexibility regarding the received currency. Recipients in Iran have the option to receive funds in either EUR, USD, or GBP, accommodating various financial preferences and needs. This capability is particularly valuable given the complex financial landscape and regulatory considerations associated with transfers to Iran. XE’s reputation for competitive exchange rates and a robust global network positions it as a reliable and efficient choice for those looking to send money from the USA to Iran. Whether it’s for personal reasons, business transactions, or other financial commitments, XE’s service ensures that transfers are not only possible but also conducted with the requisite security and efficiency.

What Is the Fastest Way to Transfer Money from the USA to Iran?

When it comes to transferring money quickly from the USA to Iran, XE is the primary option available. As the sole provider listed for this specific transfer route, XE is by default the fastest way to send money to Iran from the United States. Known for its efficient handling of international transfers, XE facilitates transactions in USD from the USA, with recipients in Iran having the option to receive the funds in EUR, USD, or GBP. While the exact speed of transfer can vary depending on factors like bank processing times in both the sending and receiving countries and compliance checks, XE is recognized for its prompt and reliable service. Their global network and experience in dealing with various currencies play a crucial role in ensuring swift and secure transactions. For individuals and businesses needing to transfer money to Iran from the USA, XE offers a blend of speed, security, and convenience, making it a suitable choice for those requiring timely financial transactions.

What Is the Cheapest Way to Transfer Money from the USA to Iran?

In terms of cost-effectiveness for transferring money from the USA to Iran, XE is the leading choice, as it is the only provider listed for this specific route. XE is known for its competitive exchange rates and lower transaction fees compared to traditional banking methods, making it the cheapest option available for sending money from the USA to Iran. When using XE, customers can benefit from its streamlined process and transparency in pricing, which can lead to cost savings, especially on larger transfers. The ability to send USD from the USA and have the funds received in either EUR, USD, or GBP in Iran offers flexibility and potentially more favorable conversion rates, depending on the currency chosen. This adaptability is particularly advantageous given the complex financial regulations associated with transfers to Iran. For those looking for an economical way to transfer money to Iran from the USA, XE provides a reliable and cost-effective service, ensuring that a greater portion of the funds reaches the intended recipient without excessive fees or charges.

Should You Transfer Money from the USA to Iran Using Your Bank? 

When considering whether to transfer money from the USA to Iran, it’s essential to assess your options thoroughly. Traditional banks, while commonly used, may not be the most cost-effective or efficient choice for international transfers. One significant drawback of relying on banks for such transactions is the associated costs. Banks often impose substantial fees, including upfront charges and hidden expenses in the form of unfavorable exchange rate markups, which ultimately result in a reduced final amount for the recipient.

Conversely, money transfer sites and specialized remittance services typically offer competitive exchange rates and lower fees, ensuring that a more substantial portion of the funds you send reaches the intended recipient. This cost-efficiency makes them a preferable option for international money transfers.

Furthermore, the timing of fund delivery is a crucial consideration. Bank transfers can be notably slower, involving multiple intermediary banks, leading to delays and uncertainty for both the sender and the recipient. In contrast, money transfer sites and specialized remittance services prioritize speed, with many platforms capable of completing transfers rapidly, sometimes within minutes. This ensures that recipients in Iran can access the funds promptly and without undue delays.

Considering these factors, if you prioritize cost efficiency and swift fund delivery, opting for money transfer sites or specialized remittance services over traditional bank transfers is likely the more advantageous choice when sending money from the USA to Iran.

How to Send Money from the USA to Iran? Step-by-Step Guide

Sending money from the USA to Iran through online transfer services is a straightforward process, and we’ve outlined a step-by-step guide to make it even smoother:

  1. Choose a Money Transfer Website:
    1. Begin by researching reputable money transfer services suitable for sending money to Iran, such as Xe.
    2. Consider key factors such as exchange rates, transaction fees, transfer speed, and customer reviews.
    3. Ensure that your selected service operates in the USA and supports transfers to Iran.
  2. Create an Account:
    1. Visit the website of your chosen provider and register for a new account.
    2. Complete the registration form with your personal details, including name, address, and contact information.
    3. Provide a valid form of identification to meet security and regulatory requirements.
    4. Proceed through any necessary verification steps, such as email or phone confirmation.
  3. Initiate a Transfer:
    1. Log in to your account and navigate to the money transfer section.
    2. Select Iran as the destination country.
    3. Enter Transfer Details:
    4. Specify the amount you intend to send, with the website displaying the equivalent in Iranian Rial (IRR) or other available currencies.
    5. Enter the recipient’s details, including their name and, if it’s a bank deposit, their banking information. Double-check for accuracy.
  4. Review and Confirm:
    1. Thoroughly review all transaction details, paying close attention to the exchange rate and any associated fees.
    2. Confirm the accuracy of all information, especially the recipient’s details.
  5. Choose Payment Method:
    1. Select your preferred payment method, which may include bank transfers, debit/credit cards, or other online payment options.
    2. Be mindful of any processing times or additional fees associated with your chosen payment method.
  6. Complete the Transaction:
    1. Finalize the transaction and make note of the confirmation and tracking number provided for future reference.
  7. Track the Transfer:
    1. Utilize the tracking number to monitor the status of your transfer on the service provider’s website.

By following these steps diligently, you can ensure a seamless and secure process for sending money from the USA to Iran through online transfer services.

How Can You Find the Best Transfer Rate from the USA to Iran?

At RemitStack, our specialization lies in assisting individuals and businesses in finding the best transfer rates for sending money from the United States to Iran. Our platform has been intricately crafted to conduct comprehensive comparisons of various money transfer providers, drawing upon our extensive industry knowledge and expertise. We place utmost importance on critical factors such as exchange rates, service fees, transfer speeds, and the reliability of each provider, all aimed at ensuring that our users can identify the most cost-effective and efficient options that align with their specific needs.

Our service proves especially valuable for those seeking to optimize the value of their financial transactions, guiding them toward securing the most favorable deals when transferring money to Iran. Be it for personal or business purposes, RemitStack is committed to providing up-to-date and comprehensive comparisons. Our mission is to simplify the process of selecting the right money transfer service, offering transparency and clarity that empowers our users to make well-informed decisions tailored to their unique transfer requirements.

With RemitStack, you can confidently navigate the intricacies of international money transfers, secure in the knowledge that you have access to the best rates and services available in the market. We are steadfast in our commitment to simplifying this often complex process, serving as a trusted resource for those seeking optimal financial solutions for their international transfers from the United States to Iran.

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