Send money to Morocco

What is the best MAD exchange rate today?

Send money internationally to Morocco (MAD) using the mid-market exchange rate. Check and compare the rates from the major financial providers.

The true cost of sending USD to MAD

How much does it cost to send money to Morocco?

  • International money transfers shouldn’t be expensive.
  • Make sure your provider doesn’t add hidden fees or bad exchange rates to your money transfer.
  • You should choose a provider that uses the mid-market exchange rate to convert your money.

What are the payments methods to send money to Morocco?

The available payment methods for your international transfer may vary. Most of the times these should be:

  • Debit Card.
  • Credit Card.
  • Bank Transfer.

How long does it take to send money to Morocco?

How long does an international transfer take? It mostly depends on:

  • Countries you send from and to.
  • Public holidays or weekends.
  • Payment methods.
  • Potential security checks.

Who sends money to Morocco?

Moroccan Migrants who live abroad and send money back to their country

Many Moroccans live abroad, around 2.8 million of people. They are located almost entirely in South European countries. Many are in France (more than 900'000 according the last report of the UN department 2013), Spain (746'000), and Italy (425'000).

Travelers to Morocco

Morocco is a very touristic country with many visits each year.

Companies in business with Morocco

The country received 6.4 billion of US dollars in 2015. It is not surprising that the remittances mainly come from France for $1.9 billion, Spain for $1.6 billion, Italy for $880 million.

How much does it cost to send money to Morocco?

Plenty of companies offer transfers to Morocco. However be aware of the fees. It is very expensive to send money to Morocco. Banks and money transfer operators all have different policies regarding the fees. Some of them charge an upfront fee while others don't charge a fee but offer an unfavorable currency exchange rate compared to the mid-market rate.

What are the options to receive cash in Morocco?

While traveling in this beautiful country of Morocco you'll certainly be in need of cash, especially in many rural areas where the credit or debit card won't be accepted. You can withdraw money at ATMs with a credit card but your bank will likely charge you a huge fee to do it. And you may be in urgent need of cash. So what are the options? The solutions in that case are to use international cash services such as Western Union, MoneyGram, or WorldRemit. At any agency of these companies, an identification card and a reference number are required to collect the cash and the transfer is made instantly. This is the fastest option to receive cash from someone abroad.

What are the solutions to wire money on a bank account in Morocco?

To receive money on a bank account in Morocco you can either use a bank either use a money transfer company. First ask your bank if it allows to send convert money into Moroccan Dirham. If it does, be aware of the fees charged for such a transfer because banks are generally expensive. Check if your bank has an international branch in Morocco as it can be advantageous that way.

The best way is to use a money transfer operator as it is cheaper than a bank. They all have different fees, different methods of transferring and different delays of transfer. For these reasons you need to compare all of them to know which one is the best deal for your transfer. You can do this thanks to a comparison platform.