Who sends money from the eurozone to Morocco
Common senders: long-settled diaspora families, seasonal and care workers, students, and people supporting parents back home.
About this corridor
Morocco receives most of its remittances from France, Spain, Italy and Belgium. Moroccans abroad (MRE) often hold accounts at Attijariwafa bank or Banque Populaire, and cash pickup through transfer agencies is still widely used in smaller towns. Volumes rise sharply before Eid al-Adha and during the summer Marhaba season.
Worked example: sending 500 EUR
Using the ExchangeRate-API rate on 2026-10-08, 1 EUR = 11.1686 MAD, our estimate model gives these results for sending 500 EUR:
| Provider | Est. fee | Est. received | Total cost vs mid-market |
|---|---|---|---|
| Wise | 3.89 EUR | 5,540.84 MAD | 43.48 MAD |
| Revolut | 1.50 EUR | 5,539.72 MAD | 44.59 MAD |
| Remitly | 0.00 EUR | 5,517.30 MAD | 67.01 MAD |
| Western Union | 4.46 EUR | 5,423.76 MAD | 160.55 MAD |
| Bank wire (typical) | 17.86 EUR | 5,250.23 MAD | 334.08 MAD |
In this example Wise delivers roughly 290.60 MAD more than a typical bank wire. Rates move daily and providers change pricing, so treat this as an illustration from our model; the live calculator above and the provider's own quote are what count. See how we estimate.
Sending to Morocco: what to know
- Payout options: bank accounts (Attijariwafa bank, Bank of Africa, Banque Populaire and others) and cash pickup at transfer agencies.
- Many Moroccans abroad keep an MRE account at a Moroccan bank, which makes deposits straightforward.
- Demand peaks before Eid and the summer return season, so send early if the date matters.
Rules and limits
In the eurozone: EU payment institutions are regulated under PSD2 and must be authorised in a member state. SEPA makes transfers inside Europe cheap, but payments to China go via SWIFT or a provider's local payout network.
In Morocco: Foreign exchange in Morocco is regulated by the Office des Changes and Bank Al-Maghrib; the dirham trades within a band against a euro–dollar basket.
How to pick the cheapest option
- Compare the amount received, not the fee. "Zero fee" offers usually hide their cost in the rate. How markups work.
- Small amounts: watch fixed fees. Large amounts: watch the markup.
- Avoid intermediary deductions. SWIFT wires can lose $10–30 in transit. Why.
Frequently asked questions
What is the cheapest way to send money from the eurozone to Morocco?
It depends on the amount and the day's pricing. This page calculates, at today's mid-market rate, how much MAD each provider delivers for 500 EUR; the top row is currently the cheapest by our estimate.
How much more does a bank wire cost for 500 EUR?
Using the reference rate on 2026-10-08, our model puts the gap at about 290.60 MAD versus the cheapest option. Rates and pricing change daily.
How can my recipient in Morocco receive the money?
Common payout options are bank accounts (Attijariwafa bank, Bank of Africa, Banque Populaire and others) and cash pickup at transfer agencies. Availability differs by provider, so check before you send.
How long does it take?
Digital services usually take minutes to 1–2 business days; bank wires often take 2–5 business days.
Sources
Official pages checked on