Akif HazarviKey Takeaway
Morocco is North Africa's top remittance destination. We compared 7+ providers to find the cheapest way to send MAD.
In this guide (7 sections)
In this guide
Morocco: Why the Stable Dirham Makes Provider Choice Everything
Quick answer: The cheapest way to send money to Morocco is Wise for bank transfers (0% markup on the mid-market MAD rate) and Ria Money Transfer for cash pickup or home delivery — a unique feature on this corridor. Since the Dirham is pegged to EUR/USD, the rate barely moves, making your choice of provider the single biggest factor. Send in EUR if possible for tighter spreads. Compare live rates →
Unlike volatile currencies where timing matters, Morocco's Dirham (MAD) is pegged to a basket of EUR (60%) and USD (40%), keeping it remarkably stable. This means one thing for senders: the provider you choose is the single biggest factor in how much your recipient gets. There's no "waiting for a better rate" — the rate barely moves. But provider markups of 0.5–3% are constant and compounding.
Morocco is home to one of the world's most competitive remittance corridors, with over $12 billion flowing in from its diaspora in France, Spain, Italy, Belgium, and the Netherlands. Uniquely, Ria Money Transfer offers home delivery of cash in Moroccan cities — something no other corridor in this guide can match.
EUR to MAD is the most important pair (given the peg weighting), followed by USD to MAD. See our cheapest transfers guide for broader advice.
Best Providers for Sending Money to Morocco
Quick Comparison: Sending $500 to Morocco
| Provider | Fee | Markup | Speed | Delivery |
|---|---|---|---|---|
| Wise | ~$5 | 0% | 1–2 days | Bank |
| WorldRemit | $0–$4 | 0.8–1.5% | Minutes–2 days | Bank, cash, wallet |
| Ria Money Transfer | $0–$5 | 0.5–1.5% | Minutes–1 day | Cash, bank, home delivery |
| Western Union | $5–$12 | 1–3% | Minutes | Cash pickup, bank |
| Remitly | $0–$4 | 0.5–1.5% | Minutes–3 days | Bank, cash |
Ria is uniquely strong on this corridor with cash pickup, bank deposit, and home delivery in major Moroccan cities. Wise offers the best rate for bank transfers.
Delivery Methods in Morocco
Bank Deposit
Major banks: Attijariwafa, Banque Populaire, BMCE Bank of Africa. Moroccan IBANs: MA00 0000 0000 0000 0000 0000 000 (28 characters). Processing: 1–3 business days.
Cash Pickup
Western Union, Ria, and WorldRemit offer cash pickup at bank branches, post offices (Barid Al-Maghrib), and agent locations. Available in minutes.
Home Delivery
Ria offers home delivery of cash in major Moroccan cities — a unique feature on this corridor.
MAD Exchange Rate: What to Know
The MAD is pegged to EUR (60%) + USD (40%) with limited fluctuation. Key implications:
- EUR is the anchor: EUR-to-MAD barely moves week to week. USD-to-MAD has more variation.
- Provider markup is the main cost: With a stable currency, the cheapest provider stays cheapest consistently.
- If you can choose: Send in EUR rather than USD — tighter spreads and more predictable rates.
Tips for Morocco Transfers
- Compare total MAD received — not just fees. Use our comparison tool.
- Consider Ria for cash/home delivery — strongest Morocco coverage.
- Send in EUR if possible — tighter spreads than USD.
- Fund via SEPA (Europe) or ACH (US) — cheapest.
For more on how markups affect your transfer, see our exchange rate markup guide.
Sources & Methodology
Data based on real quotes every 6 hours. See our methodology page for details. Sources: World Bank, Bank Al-Maghrib.
Step-by-Step Guide
- 1
Compare providers
Enter your amount on our comparison tool. Compare total MAD received.
- 2
Sign up
Create an account with your chosen provider and verify with photo ID.
- 3
Enter recipient details
IBAN (28 characters) for bank, CIN number for cash pickup, or address for home delivery.
- 4
Fund and send
SEPA (Europe) or ACH (US) is cheapest. Review and confirm.
