How to send money to Morocco
Find out how to send money to Morocco with the best exchange rate in 4 easy steps
1. Check if the MAD exchange rate is at your advantage
Converting your money on the right day can help you save money. Follow the Moroccan dirham rate and validate your transaction when you can get a good exchange rate.
2. Select the optimal option by comparing all the available providers.
Monito's comparison engine lists quite a few money transfer companies able to send money to Morocco, such as TransferWise, Western Union, MoneyGram, Currencies Direct, OFX. Save money by comparing all your options to find the most competitive option for your upcoming transfer.
3. Choose the best provider for your specific needs
Based on which criteria will make your choice? Total cost, time for the money to arrive, number of positive evaluations? Examine the pros and cons before making your choice.
It is also important to pay attention to the pay-in/out methods. You can often have providers allowing you to wire the money from your bank account, some will also accept cards. At the other end, in Morocco, you can decide if your want the amount in MAD to be transferred to your recipient's account or be available for cash pick-up.
4. Sign up and start your transfer with the money transfer provider you selected
The last step is to complete the sign-up form on the money transfer provider's website - be prepared to give an offical ID and/or a proof of adress - and set upyour transfer to Morocco.