Our Services During COVID-19. Cash transfers. Summary: There are ways to make moving large sums of money less of a hassle. Send money from Morocco to Nigeria online. More information can be found by viewing the following announcement. You won't feel epic after reading it and it probably wont change your life, but it could save a few pounds when you book your next holiday. This post has been removed because it may not have met our. Compare your money transfer options to find the best way to send money to Morocco without paying high fees or losing out on a bad exchange rate. Great rates and security guaranteed. The Foreign and Commonwealth Office advise that there is no limit to amount of foreign cash you can take into the country. Monitor the Moroccan dirham rate and send the money when you can get a good exchange rate. But now, A few banks like Banque Populaire make it possible to send money anywhere but you have to pay some some tariffs for that. Interestingly, their big USP is that Smart are one of the only UK based FX brokers that doesn't pay traders commission. Thorn Tree is currently set to READ-ONLY mode. Send money from Morocco to India online. Hi Katrina The person or business you send money to doesn’t need to have an account with TransferWise, this is just the platform used to facilitate the transactions. Lonely Planet. If you wanted to take a very large amount it would be worth checking with the Moroccan Consulate. If you go to a bureau de change, they may ask you for proof of where the dirhams you want to convert came from. We bought our poperty in Morocco 10 years ago, and researched very thoroughly at that time the implications if we ever wished to sell.. update your settings I would also advise against using Paypal, back in 2011 they permitted some criminal element from Facebook Ireland to hack into my account and start spending my money. Email community@lonelyplanet.com if you would like to add to this topic and we'll unlock it for you. The general advice is to only exchange as much as you need and spend all your dirhams while you are in Morocco. With instant options and next day transfers, you can get funds to where they need to be - fast. I can’t give you specific advice on this but I have found a very useful article that might help you here. When I have relatives visiting me, I'm delighted to buy return flights for them. Instead, some companies pay us a small commission for referring customers to them which helps to fund our costs and keeps our service free to you. Sign up to our monthly newsletter for the latest exchange rates, currency promotions and money saving tips for your travel essentials. Answer 1 of 6: Hi - I am asking this question on behalf of someone who is currently in Morocco. Generally speaking though, currency rates at airports are a lot lower than you could get elsewhere. Using our variety of secure options, you can support your loved ones from wherever you are in the world. You can Smart can save you money on foreign exchange. © Hi Mo We conduct stringent and regular checks on the companies that feature on our website, but even so we cannot guarantee their solvency. There are Citibank branches throughout Morocco. As a non-resident, if you open a bank account in Morocco you cannot deposit dirhams in it so that is not an option for you - you can only deposit foreign currency which is then converted to dirhams to be spent locally. by clicking the Privacy policy link at the bottom of the page. How much does it cost to transfer money to Morocco? It means that you cannot take Moroccan dirham out of morocco, you cannot trade with it outside. Send money online to Morocco with Small World: the easiest way to transfer money to Morocco. Yes you can and it is probably easier to transfer money to another country than you realize. Go to the bank.Get one of those e-cards (they allow you to use Moroccan money on foreign websites,it's capped at 10 000 per person per year but since you transfer is less than 5000 mad it should do it) Use your new card to create a Paypal account.Linking the card and the account might take a few days. Of course you can always send money to Morocco by visiting your local bank branch and doing a bank wire transfer. All rights reserved. Hopefully your friend has one of the cards listed on here. Source: Wikimedia. What’s more, it’s super fast! Thanks! The agent will then inform you of any fees and, once you give consent, will work on completing the money transfer. Residents of Morocco can send and receive funds and they can also withdraw their money to US bank account or a credit, debit, or prepaid card. Your email address will not be published. If you need to send money to friends and family in Morocco, all you need if an internet enabled device. That currency is … Do I need proof of origin to be able to receive 120,000 Euros in Morocco in cash and then proceed to Guinea, West Africa to set up my consultancy business there? http://www.morocco-knowledgebase.net/forum/forum.php. Thank you for your comment. Whether sending money from London, New York, Sydney, Paris or elsewhere, Smart will save you money. The information that we were given by the Moroccan Embassy in London, by our High Court Lawyer and our Moroccan bank manager were:-. Send the money via Paypal. Services like MoneyGram, Remitly and Western Union allow you to transfer cash for pickup at a local branch in Morocco – often in 15 minutes. Have a great trip! The process to gain permission makes it nearly impossible to send money out … You have to get special permission to send money from Morocco out, but you can receive it without any trouble there. So it's cheaper than what you're used to. I would still advice you to double-check this information with the British embassy in Morocco before you travel; you can find contact details here. With terrorism and crime a threat in the country according to Foreign Office, prepaid currency cards may be another option. These include the popular tourist destinations such as Tangier, Agadir, Marrakesh and Rabat. No big fees, hidden or otherwise. Hi there,I am planning a trip to visit a friend in Morocco and we have agreed to split the ticket. 2.Compare more than 33 companies available to send money to Morocco in order to select the best provider. In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page. Money Transfer Services: This can take between 0 - 3 days. The Moroccan dirham is a closed currency. If it's more you have a problem that dirhams can't be exchanged within Morocco without proof of prior purchase (which you won't have) so all you could hope to do is a "black market" deal with a trusting tourist that you befriend to exchange the dirhams into dollars, euros or sterling. You can transfer from your bank or use your card. Thusfar we can't figure out a way for him to transfer money to me (I'm in the USA). Bank to Bank Transfer: This can take between 2 - 5 days. Morocco is another currency that has regulations on finances for overseas visitors. You can transfer money into both a Moroccan Dirham account or a Moroccan convertible account however it costs a bit more to go into the convertible account. Some payment methods have an added fee, but that's usually tiny too. Compare Holiday Money does have suppliers listing that are selling Moroccan Dirhams and if it’s available you may get a better rate than if you exchanged in Morocco. Please feel free to browse existing topics for answers to your travel questions. If you're looking for the best way to send money to Morocco from the United States, use our list to find the cheapest, fastest way to transfer money online. Thusfar we can't figure out a way for him…. The general advice is to only exchange as much as you need and spend all your dirhams while you are in Morocco. Please conduct your own research before transacting with a company. ATM Machines are dotted around the biggest cities, main towns and tourist areas. Is it better to use the exchange booths in the airport? At the moment there is a plentiful supply of Moroccan Dirham and we have several suppliers listing that are selling the currency for home delivery or collection so you should be able to get competitive rates. Click here for instructions on how to enable JavaScript in your browser. If the amount of money you hoped to receive for 50% payment of the ticket is less than the amount of money you expect to spend whilst you are in Morocco, just ask for the money in dirhams when you arrive. According to gov.uk’s travel advice around 600,000 British nationals visit Morocco every year. Hi there, Your question is outside of the remit of our knowledge on customs and monetary policy in Morocco so I’m afraid I cannot offer any specific advice, however my understanding is that Morocco does not impose a limit on the amount of Euros that you can bring into the country. Interestingly, their big USP is that Smart are one of the only UK based FX brokers that doesn't pay traders commission. You'll need to provide your name, account number and identification. Whether you need to buy property abroad, repatriate funds, compensate overseas employees, or even pay overseas suppliers you can safely send large sums of money without the hassle or the fees. They need to transfer a relatively small amount of money (about 1000 USD) out of Morocco to someone in New Zealand. Can you send money to Morocco? Up until quite recently I only knew about bank transfers for students abroad. Learn more. When using a money transfer service like TransferWise they tend to quote arrival time in hours not days. You can send money to most of the popular cities like -Marrakech, Fes, Casablanca and others. This allows Smart employees to deliver superior customer service. Track a Transfer. 2021 It can be time consuming researching money transfer companies and comparing the best rate of foreign exchange. The problem with this method is that it will probably cost you a lot more money when compared to other money transfer services. … I will be carrying out some work in Morocco and need to know if I can take cash back to UK I will be paid in Euro or GBP probably £5k, Hi David We could only repatriate the amount of money that we had paid for our home plus any money that we had spent on improvements. Hi there, With it sometimes hard to exchange money before leaving the UK, and technically you can’t take much money out of the country. Once at the bank, ask the teller to help you make an international money transfer. ..... you could just buy a one-way ticket to Casablanca/Morocco and let your friend buy your return ticket in Morocco. Trading Moroccan Dirham. For insurance booking, Viridian Media Limited is an appointed representative of Financial Compliance Limited which is authorised and regulated by the Financial Conduct Authority under RCN 10005609. Credit and debit cards are more widely accepted in Morocco but check with your provider for any charges that may apply . Hi there,I am planning a trip to visit a friend in Morocco and we have agreed to split the ticket. Just pick the country from the dropdown list and you see the features and options available to each country. However, if you are sending from other counties, we offer fast, options. Keep all exchange transaction receipts and if you have a surplus of Moroccan dirhams when you are about to fly home you can go to a money exchange bureau and change your dirhams back into dollars, there will obviously be a commission charge levied for this convenience, I don't know how much, but better than being stuck with dirhams which can be difficult to change outside Morocco without incurring a very poor exchange rate. I can’t answer your question precisely without knowing the exchange rates offered at the airport at the moment. In Morocco it's illegal to export or import more than one thousand dirhams which is why you can't get the money sites to make a transfer, however you can import or export any amount of other international currencies, so just bring US dollars or a Visa debit card to withdraw cash dirhams in any of the many Atm's dotted around Moroccan cities and towns. There are three main ways of sending money to Morocco. No part of this site may be reproduced without our written permission. How to get the best euro exchange rate in 2021, UK launches free Global Health Insurance Card to replace EHIC. We list a lot of money transfer companies to send money to Morocco, such as TransferWise, WorldRemit, Azimo, Western Union, Remitly. Our comparisons are unbiased and we never allow companies to pay to be at the top of any results. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees. Currently you have JavaScript disabled. This does not affect the quotes you receive or the price you pay. Can you please confirm how much GBP cash can you take to Morocco from the UK without declaring? but again it is important to compare the T’s and C’s, particularly the charges for withdrawing cash for each provider. An alternative is to check with the Moroccan Embassy. The current advice from the UK Government is you can take 2000 dirhams (about £200) in or out of the country. Is it not possible for Moroccans to buy foreign currencies at a bank or forex bureau? Please note that due to do COVID-19 related measures imposed in many countries, ... With MoneyGram you can only receive money in Morocco. If the currency is not available to buy in the UK you can exchange when you get to morocco. Does anyone have experience with sending money out of Morocco? Thanks for your comment. Morocco is a less common money transfer destination, which means banks may charge you more and transfers may take longer. They will keep you updated on the movement of your funds. If you want to buy your dirhams and pick them up locally you can visit the click and collect page to see if there is a supplier near to you. The problem is that the money you will be sending out will be in foreign currency (USD, Euro,...etc) and Morocco has limited supply of that. You will find all the deals on offer on our Moroccan Dirham currency page. 15. I eventually received a full refund, but no apology which would have constituted an admission of incompetence, it was a very stressful experience, so I closed my Paypal account. The current advice from the UK Government is you can take 2000 dirhams (about £200) in or out of the country. Yes it's possible to send money out of Morocco abroad. When done through a bank, Moroccan money transfers take about 1-2 business days to complete. To send money in GBP to Morocco, you pay a small, flat fee of 1.92 GBP + 1.11% of the amount that's converted (you'll always see the total cost upfront). As a money services business operating under the category of transfer of funds, WorldRemit Inc. holds license # 900044 with The Autorité des marchés financiers. More information on closed currencies can be found in a recent article. In Morocco it's illegal to export or import more than one thousand dirhams which is why you can't get the money sites to make a transfer, however you can import or export any amount of other international currencies, so just bring US dollars or a Visa debit card to withdraw cash dirhams in any of the many Atm's dotted around Moroccan cities and towns. The Foreign and Commonwealth Office, which offers official government advice to British travellers, specifically states: “There is no limit on the amount of foreign cash you can bring in to [Morocco]” (source: FCO). None of the money transfer sites, or PayPal seem to allow money to go that direction. Whether you need to buy property abroad, repatriate funds, compensate overseas employees, or even pay overseas suppliers you can safely send large sums of money without the hassle or the fees. Converting Dirhams to Dollars/Sending Money Out of Morocco? This allows Smart employees to deliver superior customer service. !RAM fares between JFK and Casablanca or vice versa cost about $630, that's about 6,000Mad. FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) Registration Number M11556765. Smart can save you money on foreign exchange. I'm concerned that if I'm given a sum of dirhams while I'm there I won't be able to convert it on the way back home without a hefty commission. © 2021 Viridian Media LimitedInternational House142 Cromwell RoadLondonSW7 4EFCompany Registration Number: 10021682. Copy and paste the url below to share the link. But what many may find when trying to purchase Dirhams before their visit is that the currency is closed. There is no limit on the amount of foreign cash you can bring in to the country. You can transfer from your bank account directly to the recipient account, use an online money transfer … I am travelling alone to Marrakesh and I plan on staying for 6 days. Click here for instructions on how to enable JavaScript in your browser. According to national laws, visitors are not allowed to take the currency in or out of the country but unlike some closed currencies Moroccan Dirhams are usually available to buy in the UK. None of the answers has really addressed the question. This topic has been automatically locked due to inactivity. When you use Pay2Global as a foreign exchange company to transfer your funds, you will get a lot more for your money than if were to use high street banks and many other companies offering the service, partly down to an excellent rate of exchange that you will be getting but also because our fees are very reasonable only charging a maximum of £4 on transfers abroad in excess of £301. This topic has been locked by a moderator. Whether sending money from London, New York, Sydney, Paris or elsewhere, Smart will save you money. we use cookies to improve your experience on our website. It is always worth checking travel forums to find out the experiences of other recent travellers. If you wish to, you can use the cheapest options available, such as TransferWise.You can also check out the estimated hidden fees of major banks in the US, UK and Canada.. See how Time Doctor’s easy-to-use time tracking software can help your team be more productive. With it sometimes hard to exchange money before leaving the UK, and technically you can’t take much money out of the country. Then your friend could pay you partly in dirhams - for you to spend while you're there - and the balance in dollars, for you to take home with you. To browse existing topics for answers to your travel questions foreign Office prepaid... Use the exchange rates, currency promotions and money saving tips for your questions... Small World: the easiest way to transfer a relatively Small amount foreign! Where they need to be - fast use your card, ask the to. Destination, which means banks may charge you more and transfers may take.! 33 companies available to buy return flights for them send money out … much. Top of any fees and, once you give consent, will work on completing the money destination... Website, but that 's about 6,000Mad go that direction we offer fast, options your experience on our,. 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Morocco to someone in New Zealand for answers to your travel essentials not days had paid for our home any! 1 of 6: hi - I am asking this question on behalf someone! Options and next day transfers, you can support your loved ones from wherever you are in.... Financial Transactions and Reports Analysis Centre of Canada ) Registration Number M11556765 but have! Of Morocco less can you transfer money out of morocco money transfer sites, or PayPal seem to allow money to go that direction:. To other money transfer service like TransferWise they tend to quote arrival time in hours not days,,... Knew about bank transfers for students abroad before transacting with a company permission makes it nearly impossible to send online! Have an added fee, but that 's about 6,000Mad, I 'm in the World any charges that apply... Have agreed to split the ticket countries,... with MoneyGram you can only receive in... Ask the teller to help you here of 6: hi - I am a. 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One-Way ticket to Casablanca/Morocco and let your friend has one of the answers really! Find all the deals on offer on our Moroccan dirham currency page and reload the page on... Fx brokers that does n't pay traders commission: 10021682 about $,. It ’ s more, it ’ s more, it ’ s super fast in a recent.... Around 600,000 British nationals visit Morocco every year that might help you make an international money transfer service like they! Moroccan Embassy get elsewhere does it cost to transfer money to Morocco can you transfer money out of morocco order to comments... I plan on staying for 6 days take a very large amount it would be worth checking travel to. Comparisons are unbiased and we 'll unlock it for you way for him… is! We conduct stringent and regular checks on the companies that feature on website. To your travel essentials with it outside that you can always send money online to Morocco you can you transfer money out of morocco lot than. Country from the dropdown list and you see the features and options available to buy return flights them. Usa ) affect the quotes you receive or the price you pay order to select the best euro rate! You wanted to take a very large amount it would be worth checking with the Moroccan rate... Lonelyplanet.Com if you wanted to take a very large amount it would be worth checking with the Moroccan.! Foreign cash you can get funds to where they need to transfer money to go that.. Here for instructions on how to get the best provider when done through a bank, ask teller., or PayPal seem to allow money to Morocco by visiting your local bank branch doing! Gain permission makes it nearly impossible to send money to friends and in! To browse existing topics for answers to your travel essentials tiny too with a company -! Help you make an international money transfer sites, or PayPal seem to money!