Loading...
Send money from Spain to Morocco(EUR → MAD)
EUR
MAD|Updated recentlyMid-market 10.7193Cheapest todayof 16 providers
Paysend
Rate 10.6089 · Fee free
You send
€1,000
Recipient gets
MAD10,609
Affiliate link · No extra cost to you
Quick answer: The cheapest way to send money from Spain to Morocco in May 2026 is Paysend, which delivers 10,608.88 MAD on a 1,000 EUR transfer with a fee of zero.
Last reviewed: by Awais Imran, Reviews Editor
↓
Rates are low right now
17th percentile
Based on 60 days of data (2026-03-13 to 2026-05-20)
Today's best
MAD1,060.37
Paysend
60-day avg
1 EUR = 10.64 MAD
Best rate
10.66
2026-03-28 · Ria Money Transfer
Worst rate
10.54
2026-03-13 · Remitly
What is the cheapest way to send EUR to MAD?
Sending €1,000 from Spain to Morocco. Sorted by best value — most money received.
Source: SendMoneyCompare · Data updated every 6 hours from live provider APIs
#ProviderRateFeeRecipient gets
Rate 10.6089·Fee Free·1.03% markup
↓ 0.4% over 7dAvg: 10.62 MAD (-0.1% vs avg)Range: 10.60–10.64
1
10.6089
Free
MAD10,608.88
Rate 10.6260·Fee €1.99·0.87% markup
↓ 0.4% over 7dAvg: 10.64 MAD (-0.2% vs avg)Range: 10.62–10.66
2
10.6260
€1.99
MAD10,604.88
Rate 10.6024·Fee Free·1.09% markup
↓ 0.5% over 7dAvg: 10.62 MAD (-0.2% vs avg)Range: 10.60–10.65
3
10.6024
Free
MAD10,602.45
Rate 10.6078·Fee €0.99·1.04% markup
↓ 0.2% over 7dAvg: 10.61 MAD (-0.1% vs avg)Range: 10.60–10.62
4
10.6078
€0.99
MAD10,597.30
Rate 10.5982·Fee €0.80·1.13% markup
↓ 0.3% over 7dAvg: 10.60 MAD (-0.1% vs avg)Range: 10.59–10.62
5
10.5982
€0.80
MAD10,589.68
Rate 10.6153·Fee €3.00·0.97% markup
↓ 0.4% over 7dAvg: 10.60 MAD (-0.1% vs avg)Range: 10.58–10.63
6
10.6153
€3.00
MAD10,583.46
Rate 10.5799·Fee Free·1.30% markup
↓ 1.1% over 53dAvg: 10.70 MAD (-1.1% vs avg)Range: 10.58–10.78
7
Under 3 minutes (95% of transfers)1.30% markup
↓ 1.1% over 53dAvg: 10.70 MAD (-1.1% vs avg)Range: 10.58–10.78
10.5799
Free
MAD10,579.94
Rate 10.4899·Fee €2.49·2.14% markup
↓ 0.5% over 50dAvg: 10.56 MAD (-0.7% vs avg)Range: 10.46–10.65
8
Minutes to 3-5 days2.14% markup
↓ 0.5% over 50dAvg: 10.56 MAD (-0.7% vs avg)Range: 10.46–10.65
10.4899
€2.49
MAD10,463.77
Rate 10.7214·Fee €24.16
↓ 0.6% over 59dAvg: 10.81 MAD (-0.8% vs avg)Range: 10.70–10.95
9
10.7214
€24.16
MAD10,462.40
Rate 10.4256·Fee €1.99·2.74% markup
↓ 0.4% over 7dAvg: 10.44 MAD (-0.2% vs avg)Range: 10.42–10.46
10
10.4256
€1.99
MAD10,404.83
Rate 10.3956·Fee Free·3.02% markup
↓ 0.5% over 59dAvg: 10.48 MAD (-0.8% vs avg)Range: 10.39–10.57
11
Minutes to 3 days3.02% markup
↓ 0.5% over 59dAvg: 10.48 MAD (-0.8% vs avg)Range: 10.39–10.57
10.3956
Free
MAD10,395.56
Rate 10.3977·Fee €10.00·3.00% markup
Rate 10.4481·Fee €17.24·2.53% markup
Rate 10.3784·Fee €15.00·3.18% markup
↓ 0.6% over 56dAvg: 10.47 MAD (-0.9% vs avg)Range: 10.35–10.60
14
1-3 business days3.18% markup
↓ 0.6% over 56dAvg: 10.47 MAD (-0.9% vs avg)Range: 10.35–10.60
10.3784
€15.00
MAD10,222.74
Rate 10.4588·Fee €36.55·2.43% markup
↓ 0.5% over 56dAvg: 10.55 MAD (-0.8% vs avg)Range: 10.43–10.69
15
2-4 business days2.43% markup
↓ 0.5% over 56dAvg: 10.55 MAD (-0.8% vs avg)Range: 10.43–10.69
10.4588
€36.55
MAD10,076.54
Rate 10.6335·Fee Free·0.80% markup
Some links on this page are affiliate links. We may earn a commission at no extra cost to you. This does not affect our rankings, which are based on real transfer data. Editorial policy
Compare the cheapest ways to send money from Spain to Morocco. We compare fees, exchange rates, and transfer speeds from 15+ providers so you get the most MAD for your €.
Money transfers from Spain to Morocco are a vital lifeline for families and businesses. With dozens of providers competing for this corridor, rates and fees vary widely. Specialist money transfer companies often beat bank rates by 2–4%, potentially saving you hundreds of EUR per year. Use our comparison to find today's best deal.
Which provider offers the best EUR to MAD rate?
Paysend
4.3Exchange rate
10.6089
Fee
Free
Recipient gets
MAD10,608.88
Speed
2 days
Which provider is best for each transfer type?
Different providers excel at different things. Here's who's best for each use case on the Spain to Morocco route.
Cheapest transfer
Paysend
Delivers the most MAD for your money
Fastest transfer
Sendwave
Delivers in Instant
Cash pickup
Dahabshiil
Widest cash pickup network
Bank transfer
Paysend
Best rate for bank deposit to Morocco
How to send money to Morocco
Sending money to Morocco is straightforward with the right provider. Here's how it works in 3 simple steps.
Step 1
Enter your transfer details
Choose how much EUR you want to send, compare providers above, and pick the one offering the best MAD amount for your transfer to Morocco.
Step 2
Add your recipient
Enter your recipient's details in Morocco — you'll need their rib number. Most providers verify details instantly.
Step 3
Send & track your transfer
Pay using bank transfer, debit card, or credit card. Track your money in real-time until it arrives — bank deposit typically takes 1–2 business days.
What you need to send money to Morocco
Make sure you have these details from your recipient before starting your transfer.
Full name
Recipient's full name as registered with their Moroccan bank
RIB number
24-digit Relevé d'Identité Bancaire — Morocco's bank account identifier
Bank name
Name of the receiving bank (e.g. Attijariwafa, BMCE, Banque Populaire)
Note: Morocco uses the RIB (Relevé d'Identité Bancaire) system — a 24-digit number that identifies the bank, branch, and account. Morocco has also adopted IBAN format (28 characters starting with 'MA').
Transfer examples: EUR to MAD
See how much your recipient would get for common transfer amounts.
Send €500
ProviderFeeReceives
Paysend
10.61 · 2 days
Dahabshiil
10.60 · 0-3 days
Wise
10.72 · 120 hours
Revolut
10.60 · 1-2 days
Western Union
10.61 · Instant
Sendwave
10.63 · Instant
ProviderFeeRateReceivesSpeed
PaysendFree10.61MAD5,3042 days
DahabshiilFree10.60MAD5,3010-3 days
Wise€6.0010.72MAD5,296120 hours
Revolut€0.3010.60MAD5,2961-2 days
Western Union€0.9910.61MAD5,293Instant
Sendwave€1.9910.63MAD5,292Instant
Send €1,000
ProviderFeeReceives
Paysend
10.61 · 2 days
Sendwave
10.63 · Instant
Dahabshiil
10.60 · 0-3 days
Western Union
10.61 · Instant
MoneyGram
10.60 · 0-1 days
Revolut
10.62 · 1-2 days
ProviderFeeRateReceivesSpeed
PaysendFree10.61MAD10,6092 days
Sendwave€1.9910.63MAD10,605Instant
DahabshiilFree10.60MAD10,6020-3 days
Western Union€0.9910.61MAD10,597Instant
MoneyGram€0.8010.60MAD10,5900-1 days
Revolut€3.0010.62MAD10,5831-2 days
Send €5,000
ProviderFeeReceives
Wise
10.72 · 120 hours
Sendwave
10.63 · Instant
Paysend
10.61 · 2 days
Western Union
10.61 · Instant
Dahabshiil
10.60 · 0-3 days
Revolut
10.60 · 1-2 days
ProviderFeeRateReceivesSpeed
Wise€6.0010.72MAD53,543120 hours
Sendwave€1.9910.63MAD53,109Instant
PaysendFree10.61MAD53,0442 days
Western Union€0.9910.61MAD53,029Instant
DahabshiilFree10.60MAD53,0120-3 days
Revolut€0.3010.60MAD52,9881-2 days
How much does it cost to send money from Spain to Morocco?
Transfer fees from Spain to Morocco vary by provider. Specialist services charge €0–10 per transfer, while banks charge €25–50 plus a 2–5% exchange rate markup. The exchange rate markup is usually the bigger cost — always compare the total MAD your recipient receives, not just the advertised fee.
Understanding the total cost
The true cost of a money transfer has two components:
Transfer fee
The upfront charge — typically €0–€10 with specialist providers.
Exchange rate markup
The hidden cost — the difference between the provider's rate and the mid-market rate (10.7193).
Ways to send money to Morocco
Choose how you want to pay for your transfer. Each payment method has different costs and speeds.
Cash pickup is very popular in Morocco due to the cultural preference for cash transactions. Western Union and MoneyGram have extensive agent networks across the country.
Debit Card
Medium costSpeed: Minutes to hours
Fast and convenient — small card processing fee applies
Credit Card
Higher costSpeed: Minutes to hours
Fastest option but highest fees — card issuer may charge cash advance fee
Bank Transfer
Low costSpeed: 1–3 business days
Usually the cheapest option — lowest fees and no card processing charges
Cash
Medium costSpeed: Varies
Pay cash at an agent location — available at select providers
Google Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
Apple Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
How can my recipient receive money in Morocco?
Your recipient in Morocco can receive money through these delivery methods. The best option depends on their location and preferences.
Bank Deposit
1–2 business days
Transfer to Moroccan bank accounts via RIB or IBAN.
WiseWorldRemitWestern Union
Cash Pickup
Minutes
Collect cash from Wafacash, bank branches, and partner agent locations across Morocco.
Western UnionMoneyGramRia Money Transfer
Mobile Wallet
Minutes
Transfer to mobile money wallets — growing but still developing in Morocco.
WorldRemit
What are the transfer limits and regulations for Morocco?
Important rules and requirements to know before sending money to Morocco.
Regulatory body
Bank Al-Maghrib (Morocco's Central Bank)
Inbound transfer limits
No restriction on receiving remittances — Morocco is a major remittance-receiving country
Documentation you may need
- Sender's government-issued ID
- Recipient's Moroccan National ID (CIN) for cash pickups
Important things to know
- The Moroccan dirham (MAD) is partially pegged to a basket of EUR and USD.
- Morocco is one of the top remittance-receiving countries in Africa — over $11 billion annually.
- Cash pickup remains the preferred method for many Moroccan recipients.
How long does it take to send money to Morocco?
Most transfers from Spain to Morocco arrive within 1–2 business days with specialist providers. Bank wires take 3–5 business days. Some providers offer instant or same-day delivery to Morocco for a small premium.
FastExpress delivery
- SendwaveInstant
- Western UnionInstant
- TapTap SendUnder 3 minutes (95% of transfers)
- RemitlyMinutes to 3-5 days
- WorldRemitInstant
Standard delivery
- Paysend2 days
- Dahabshiil0-3 days
- MoneyGram0-1 days
- Revolut1-2 days
- Wise120 hours
Popular banks in Morocco
These are the most commonly used banks for receiving international transfers in Morocco.
BankSWIFT/BICNotes
Attijariwafa Bank
BCMAMAMCXXX
BMCE Bank (Bank of Africa)
BMCEMAMCXXX
Banque Populaire
BCPOMAMC
CIH Bank
CIABORMAXX
Crédit du Maroc
CDMAMACXXX
EUR to MAD Exchange Rate History
Daily best exchange rates from top providers over the last 60 days. Rates shown are for sending $100.
| Date | __mid Market__ | Xoom (PayPal) | Wise | Commerzbank | Deutsche Bank |
|---|---|---|---|---|---|
| Trend | |||||
| May 20 | 10.5800 | 10.3958 | 10.7211✓ | 10.3780 | 10.4593 |
| May 19 | 10.6100 | 10.3935 | 10.7169✓ | 10.3657 | 10.4637 |
| May 18 | 10.5900 | 10.4098 | 10.7167✓ | 10.3673 | 10.4412 |
| May 17 | 10.6100 | 10.3977 | 10.7229✓ | 10.3735 | 10.4475 |
| May 16 | 10.5900 | 10.3977 | 10.7229✓ | 10.3735 | 10.4475 |
| May 15 | 10.5800 | 10.3963 | 10.7212✓ | 10.3779 | 10.4619 |
| May 14 | 10.5867 | 10.4137 | 10.7528✓ | 10.4057 | 10.4980 |
| May 13 | 10.6590 | 10.3948 | 10.7259✓ | 10.3707 | 10.4636 |
| May 12 | 10.6590 | 10.3931 | 10.7043✓ | 10.3529 | 10.4286 |
| May 11 | 10.6590 | 10.4270 | 10.7295✓ | 10.3833 | 10.4470 |
| May 10 | 10.6590 | 10.4250 | 10.7496✓ | 10.4019 | 10.4657 |
| May 9 | 10.6590 | 10.4250 | 10.7496✓ | 10.4019 | 10.4657 |
| May 8 | 10.6590 | 10.4571 | 10.7186✓ | 10.3766 | 10.4308 |
| May 7 | 10.6590 | 10.4795 | 10.8114✓ | 10.4673 | 10.5382 |
| May 6 | 10.6590 | 10.4819 | 10.8128✓ | 10.4839 | 10.5699 |
| May 5 | 10.6590 | 10.4748 | 10.8098✓ | 10.4602 | 10.5392 |
| May 4 | 10.6590 | 10.5048 | 10.8304✓ | 10.4808 | 10.5793 |
| May 3 | 10.6590 | 10.5029 | 10.8413✓ | — | 10.5907 |
| May 2 | 10.6590 | 10.5029 | 10.8413✓ | 10.4921 | 10.5907 |
| May 1 | 10.6590 | 10.4935 | 10.8220✓ | 10.4834 | 10.5752 |
| Apr 30 | 10.6590 | 10.4828 | 10.8111✓ | 10.4724 | 10.5423 |
| Apr 29 | 10.6590 | 10.5107 | 10.8426✓ | 10.4943 | 10.5953 |
| Apr 28 | 10.6590 | 10.5092 | 10.8475✓ | 10.4932 | 10.5757 |
| Apr 27 | 10.6590 | 10.5143 | 10.8379✓ | 10.4869 | 10.5967 |
| Apr 26 | 10.6590 | 10.5083 | 10.8259✓ | 10.4738 | 10.5834 |
| Apr 25 | 10.6590 | 10.5083 | 10.8259✓ | 10.4738 | 10.5834 |
| Apr 24 | 10.6590 | 10.5058 | 10.8166✓ | — | — |
| Apr 23 | 10.6590 | 10.5302 | 10.8490✓ | — | — |
| Apr 22 | 10.6590 | 10.5178 | 10.8691✓ | 10.5223 | 10.6015 |
| Apr 21 | 10.6590 | 10.5462 | 10.8686✓ | 10.5240 | 10.6155 |
| Apr 20 | 10.6590 | 10.5119 | 10.8348✓ | 10.4965 | — |
| Apr 19 | 10.6590 | 10.5295 | 10.8656✓ | 10.5215 | 10.5996 |
| Apr 18 | 10.6590 | 10.5295 | 10.8656✓ | 10.5215 | 10.5996 |
| Apr 17 | 10.6590 | 10.5501 | 10.8811✓ | 10.5443 | 10.6260 |
| Apr 16 | 10.6590 | 10.5608 | 10.8966✓ | 10.5501 | 10.6383 |
| Apr 15 | 10.6590 | 10.5689 | 10.8974✓ | 10.5571 | 10.6258 |
| Apr 14 | 10.6590 | 10.5587 | 10.8874✓ | 10.5336 | 10.6381 |
| Apr 13 | 10.6590 | 10.5367 | 10.8229✓ | 10.4860 | 10.5610 |
| Apr 12 | 10.6590 | 10.5472 | 10.8816✓ | 10.5428 | 10.6183 |
| Apr 11 | 10.6590 | 10.5472 | 10.8816✓ | 10.5428 | 10.6183 |
| Apr 10 | 10.6590 | 10.5583 | 10.8809✓ | 10.5386 | 10.6289 |
| Apr 9 | 10.6590 | 10.5367 | 10.8561✓ | 10.5132 | 10.5990 |
| Apr 8 | 10.6590 | 10.5388 | 10.9480✓ | 10.5995 | 10.6941 |
| Apr 7 | 10.6590 | 10.5028 | 10.8261✓ | 10.5066 | 10.5587 |
| Apr 6 | 10.6590 | 10.5174 | 10.8469✓ | 10.5356 | 10.6010 |
| Apr 5 | 10.6590 | 10.5047 | 10.8313✓ | 10.5109 | 10.5818 |
| Apr 4 | 10.6590 | 10.5047 | 10.8313✓ | 10.5109 | 10.5818 |
| Apr 3 | 10.6590 | 10.4919 | 10.8277✓ | 10.5171 | 10.5880 |
| Apr 2 | 10.6590 | 10.4616 | 10.8003✓ | 10.4834 | 10.5540 |
| Apr 1 | 10.6590 | 10.4534 | 10.8069✓ | 10.4796 | 10.5518 |
| Mar 31 | 10.6590 | 10.4484 | 10.7844✓ | 10.4391 | 10.5391 |
| Mar 30 | 10.6590 | 10.4219 | 10.7571✓ | 10.4227 | 10.4860 |
| Mar 29 | 10.6590 | 10.4275 | 10.7362✓ | 10.3875 | 10.4536 |
| Mar 28 | 10.6590✓ | — | — | — | — |
| Mar 18 | 10.7992✓ | 10.4777 | 10.7992✓ | 10.4467 | 10.5478 |
| Mar 17 | 10.8003✓ | 10.4793 | 10.8003✓ | 10.4638 | 10.5610 |
| Mar 16 | 10.8107✓ | 10.5096 | 10.8107✓ | 10.4728 | 10.5701 |
| Mar 15 | 10.7865✓ | 10.4491 | 10.7865✓ | 10.4441 | 10.5121 |
| Mar 14 | 10.7865✓ | 10.4491 | 10.7865✓ | 10.4441 | 10.5121 |
| Mar 13 | 10.7865✓ | 10.4491 | 10.7865✓ | 10.4441 | 10.5121 |
Common questions about sending money from Spain to Morocco
What is the cheapest way to send money from Spain to Morocco?
The cheapest option changes daily based on exchange rates. Use our comparison table above to see today's rates from every provider. Specialist services like Wise, Remitly, and OFX consistently offer better value than banks.
How long does it take to send money from Spain to Morocco?
Most specialist providers deliver to Morocco within 1–2 business days. Some offer instant delivery for certain payment methods. Bank wires typically take 3–5 business days.
How much does it cost to send €1,000 from Spain to Morocco?
Costs depend on the provider's fee and exchange rate markup. Compare all providers in our table above to see exactly how much MAD your recipient would receive from a €1,000 transfer today.
Can I send money from Spain to Morocco online?
Yes, all the providers we compare support online transfers from Spain to Morocco. Most also offer mobile apps. You can typically pay by bank transfer, debit card, or credit card.
Is it better to use a bank or a money transfer service to send money to Morocco?
Money transfer services are almost always cheaper. Banks typically charge €25–50 per wire plus a 2–5% exchange rate markup. Specialist providers charge €0–10 with markups under 1%, saving you significantly on every transfer to Morocco.
Everything about sending money to Morocco
Recipient requirements, delivery methods, regulations, popular banks, and more.
Other routes to Morocco
Popular corridors
Top provider reviews
Useful guides
Compare all providers for Spain to Morocco
Enter your exact amount to see personalised quotes from every provider on this route.
Compare providers now