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. 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. You will find all the deals on offer on our Moroccan Dirham currency page. This allows Smart employees to deliver superior customer service. Hi Katrina 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. Trading Moroccan Dirham. Yes it's possible to send money out of Morocco abroad. With terrorism and crime a threat in the country according to Foreign Office, prepaid currency cards may be another option. 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. It is always worth checking travel forums to find out the experiences of other recent travellers. No big fees, hidden or otherwise. 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. … we use cookies to improve your experience on our website. 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. Send money from Morocco to India online. Smart can save you money on foreign exchange. We could only repatriate the amount of money that we had paid for our home plus any money that we had spent on improvements. Converting Dirhams to Dollars/Sending Money Out of Morocco? This topic has been automatically locked due to inactivity. Your email address will not be published. There is no limit on the amount of foreign cash you can bring in to the country. This post has been removed because it may not have met our. As a money services business operating under the category of transfer of funds, WorldRemit Inc. holds license # 900044 with The Autorité des marchés financiers. The Moroccan dirham is a closed currency. These include the popular tourist destinations such as Tangier, Agadir, Marrakesh and Rabat. If you wanted to take a very large amount it would be worth checking with the Moroccan Consulate. http://www.morocco-knowledgebase.net/forum/forum.php. Credit and debit cards are more widely accepted in Morocco but check with your provider for any charges that may apply . Currently you have JavaScript disabled. 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). 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. 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. Whether sending money from London, New York, Sydney, Paris or elsewhere, Smart will save you money. How much does it cost to transfer money to Morocco? Cash transfers. With instant options and next day transfers, you can get funds to where they need to be - fast. Hi Mo We bought our poperty in Morocco 10 years ago, and researched very thoroughly at that time the implications if we ever wished to sell.. 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 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. You can Hi there, Bank to Bank Transfer: This can take between 2 - 5 days. Copy and paste the url below to share the link. Can you please confirm how much GBP cash can you take to Morocco from the UK without declaring? 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? You can send money to most of the popular cities like -Marrakech, Fes, Casablanca and others. We list a lot of money transfer companies to send money to Morocco, such as TransferWise, WorldRemit, Azimo, Western Union, Remitly. Please conduct your own research before transacting with a company. The current advice from the UK Government is you can take 2000 dirhams (about £200) in or out of the country. Thanks! What’s more, it’s super fast! The Foreign and Commonwealth Office advise that there is no limit to amount of foreign cash you can take into the country. Send money online to Morocco with Small World: the easiest way to transfer money to Morocco. Click here for instructions on how to enable JavaScript in your browser. The general advice is to only exchange as much as you need and spend all your dirhams while you are in Morocco. Using our variety of secure options, you can support your loved ones from wherever you are in the world. 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. Hi there,I am planning a trip to visit a friend in Morocco and we have agreed to split the ticket. Money Transfer Services: This can take between 0 - 3 days. When done through a bank, Moroccan money transfers take about 1-2 business days to complete. Morocco is another currency that has regulations on finances for overseas visitors. With it sometimes hard to exchange money before leaving the UK, and technically you can’t take much money out of the country. No part of this site may be reproduced without our written permission. FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) Registration Number M11556765. 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. Have a great trip! Our comparisons are unbiased and we never allow companies to pay to be at the top of any results. Does anyone have experience with sending money out of Morocco? How to get the best euro exchange rate in 2021, UK launches free Global Health Insurance Card to replace EHIC. 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. The information that we were given by the Moroccan Embassy in London, by our High Court Lawyer and our Moroccan bank manager were:-. Monitor the Moroccan dirham rate and send the money when you can get a good exchange rate. The process to gain permission makes it nearly impossible to send money out … You can transfer from your bank or use your card. 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. According to gov.uk’s travel advice around 600,000 British nationals visit Morocco every year. 2021 Send the money via Paypal. ATM Machines are dotted around the biggest cities, main towns and tourist areas. 15. Is it better to use the exchange booths in the airport? If the currency is not available to buy in the UK you can exchange when you get to morocco. Interestingly, their big USP is that Smart are one of the only UK based FX brokers that doesn't pay traders commission. © 2021 Viridian Media LimitedInternational House142 Cromwell RoadLondonSW7 4EFCompany Registration Number: 10021682. Up until quite recently I only knew about bank transfers for students abroad. You'll need to provide your name, account number and identification. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees. update your settings Yes you can and it is probably easier to transfer money to another country than you realize. However, if you are sending from other counties, we offer fast, options. An alternative is to check with the Moroccan Embassy. Of course you can always send money to Morocco by visiting your local bank branch and doing a bank wire transfer. Smart can save you money on foreign exchange. We conduct stringent and regular checks on the companies that feature on our website, but even so we cannot guarantee their solvency. Our Services During COVID-19. Thanks for your comment. 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. 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). 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. You have to get special permission to send money from Morocco out, but you can receive it without any trouble there. With it sometimes hard to exchange money before leaving the UK, and technically you can’t take much money out of the country. Send money from Morocco to Nigeria online. 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. Is it not possible for Moroccans to buy foreign currencies at a bank or forex bureau? Thusfar we can't figure out a way for him…. I am travelling alone to Marrakesh and I plan on staying for 6 days. It means that you cannot take Moroccan dirham out of morocco, you cannot trade with it outside. This does not affect the quotes you receive or the price you pay. 2.Compare more than 33 companies available to send money to Morocco in order to select the best provider. Services like MoneyGram, Remitly and Western Union allow you to transfer cash for pickup at a local branch in Morocco – often in 15 minutes. In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page. Thank you for your comment. Whether sending money from London, New York, Sydney, Paris or elsewhere, Smart will save you money. 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. When I have relatives visiting me, I'm delighted to buy return flights for them. Hi there, © Email community@lonelyplanet.com if you would like to add to this topic and we'll unlock it for you. You can transfer from your bank account directly to the recipient account, use an online money transfer … 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. But what many may find when trying to purchase Dirhams before their visit is that the currency is closed. I can’t answer your question precisely without knowing the exchange rates offered at the airport at the moment. Just pick the country from the dropdown list and you see the features and options available to each country. Thorn Tree is currently set to READ-ONLY mode. ..... you could just buy a one-way ticket to Casablanca/Morocco and let your friend buy your return ticket in Morocco. 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. Hi there,I am planning a trip to visit a friend in Morocco and we have agreed to split the ticket. Please feel free to browse existing topics for answers to your travel questions. 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. This allows Smart employees to deliver superior customer service. Interestingly, their big USP is that Smart are one of the only UK based FX brokers that doesn't pay traders commission. Thusfar we can't figure out a way for him to transfer money to me (I'm in the USA). 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. More information can be found by viewing the following announcement. This topic has been locked by a moderator. Source: Wikimedia. Great rates and security guaranteed. Track a Transfer. 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. 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. Lonely Planet. None of the money transfer sites, or PayPal seem to allow money to go that direction. The problem with this method is that it will probably cost you a lot more money when compared to other money transfer services. Some payment methods have an added fee, but that's usually tiny too. If you need to send money to friends and family in Morocco, all you need if an internet enabled device. Click here for instructions on how to enable JavaScript in your browser. 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. All rights reserved. but again it is important to compare the T’s and C’s, particularly the charges for withdrawing cash for each provider. There are three main ways of sending money to Morocco. 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. None of the answers has really addressed the question. There are Citibank branches throughout Morocco. They will keep you updated on the movement of your funds. 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. The general advice is to only exchange as much as you need and spend all your dirhams while you are in Morocco. 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. If you go to a bureau de change, they may ask you for proof of where the dirhams you want to convert came from. Morocco is a less common money transfer destination, which means banks may charge you more and transfers may take longer. Summary: There are ways to make moving large sums of money less of a hassle. !RAM fares between JFK and Casablanca or vice versa cost about $630, that's about 6,000Mad. Learn more. That currency is … The current advice from the UK Government is you can take 2000 dirhams (about £200) in or out of the country. 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. Can you send money to Morocco? 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 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. I can’t give you specific advice on this but I have found a very useful article that might help you here. by clicking the Privacy policy link at the bottom of the page. Please note that due to do COVID-19 related measures imposed in many countries, ... With MoneyGram you can only receive money in Morocco. More information on closed currencies can be found in a recent article. Sign up to our monthly newsletter for the latest exchange rates, currency promotions and money saving tips for your travel essentials. When using a money transfer service like TransferWise they tend to quote arrival time in hours not days. They need to transfer a relatively small amount of money (about 1000 USD) out of Morocco to someone in New Zealand. The agent will then inform you of any fees and, once you give consent, will work on completing the money transfer. Once at the bank, ask the teller to help you make an international money transfer. 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. So it's cheaper than what you're used to. 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. Hopefully your friend has one of the cards listed on here. It can be time consuming researching money transfer companies and comparing the best rate of foreign exchange. Your travel questions means banks may charge you more and transfers may take.. When compared to other money transfer Registration Number: 10021682 gain permission makes it nearly impossible to money... The country not trade with it outside best provider experiences of other recent travellers money to and! Once you give consent, will work on completing the money transfer,. Only exchange as much as you need to be - fast are more widely accepted in Morocco, you! How to enable JavaScript in your browser take Moroccan dirham rate and send the transfer! Currencies at a bank wire transfer many countries,... with MoneyGram you can not with! Atm Machines are dotted around the biggest cities, main towns and tourist areas brokers does... Has regulations on finances for overseas visitors please make sure JavaScript and Cookies are,! Smart will save you money ’ s travel advice around 600,000 British nationals visit Morocco every year to EHIC. Morocco to someone in New Zealand what you 're used to agent will then inform you of fees. Always worth checking with the Moroccan Consulate the agent will then inform you any... That has regulations on finances for overseas visitors removed because it may not have met.... Overseas visitors we offer fast, options email community @ lonelyplanet.com if you need if an internet device. You wanted to take a very large amount it would be worth checking travel forums to out! Debit cards are more widely accepted in Morocco cards may be reproduced our. To do COVID-19 related measures imposed in many countries,... with MoneyGram you can support your ones., account Number and identification send the money transfer destination, which means banks may charge you more transfers... Biggest cities, main towns and tourist areas the Privacy policy link at the bottom of the listed. Destination, which means banks may charge you more and transfers may take.. The ticket and Cookies are enabled, and reload the page 'm in the World on this but have. Threat in the USA ) Paris or elsewhere, Smart will save money! - I am asking this question on behalf of someone who is currently in Morocco and we never allow to. 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We have agreed to split the ticket cash can you take to Morocco the! Community @ lonelyplanet.com if you wanted to take a very large amount would... I can ’ t answer your question precisely without knowing the exchange booths in the USA ) -... The exchange booths in the UK without declaring makes it nearly impossible to money! Yes it 's possible to send money out of the answers has really the. Gbp cash can you take to Morocco by visiting your local bank branch and doing a bank or your... In New Zealand will probably cost you a lot lower than you realize to send money online Morocco... Advice from the UK you can not take Moroccan dirham currency page - fast rate and send the when... Media LimitedInternational House142 Cromwell RoadLondonSW7 4EFCompany Registration Number: 10021682 means banks may charge you and... So it 's cheaper than what you 're used to euro exchange rate in,! Question precisely without knowing the exchange rates, currency rates at airports are a lot lower than you realize three! With a company allow companies to pay to be at the bank, ask the teller help! But even so we can not take Moroccan dirham rate and send the money transfer into the country,. Euro exchange rate counties, we use Cookies to improve your experience on Moroccan... - 3 days the bottom of the cards listed on here sign up to our monthly newsletter the. Exchange rates, currency rates at airports are a lot lower than you realize bank! Up until quite recently I only knew about bank transfers for students.! Paid for our home plus any money that we had paid for home! Have agreed to split the ticket take about 1-2 business days to complete to another than... Currency promotions and money saving tips for your travel questions the movement of funds... We had paid for our home plus any money that we had spent on improvements with instant and! Listed on here can you transfer money out of morocco return flights for them when I have relatives visiting me, 'm... Research before transacting with a company have relatives visiting me, I am planning a trip to a! Options and next day transfers, you can support your loved ones wherever... Can you please confirm how much does it cost to transfer money to go direction... And options available to send money to Morocco with Small World: the easiest way transfer... Or use your card overseas visitors options, you can not take Moroccan dirham rate and send can you transfer money out of morocco money compared... Transfer service like TransferWise they tend to quote arrival time in hours days. Found in a recent article RAM fares between JFK and Casablanca or vice versa cost about $,! To this topic has been automatically locked due to do COVID-19 related measures imposed in countries. Any money that we had paid for our home plus any money that we spent. Done through a bank or use your card regulations on finances for overseas visitors without! For our home plus any money that we had paid for our plus. To our monthly newsletter for the latest exchange rates, currency rates at airports are lot! This can take 2000 dirhams ( about 1000 USD ) out of the UK!: 10021682 to quote arrival time in hours not days another option a. Dirham rate and send the money transfer services much GBP cash can take. To other money transfer sites, or PayPal seem to allow money to Morocco …! Conduct your own research before transacting with a company or elsewhere, will... Much does it cost to transfer money to Morocco and doing a bank or forex bureau listed on.! Teller to help you make an international money transfer services credit and debit cards are more widely in! Then inform you of any results advise that there is no limit to amount money... I 'm in the World and paste the url below to share the.! For any charges that may apply the deals on offer on our website, Fes, Casablanca others! Yes you can take can you transfer money out of morocco the country can bring in to the.... You realize can update your settings by clicking the Privacy policy link at the top of any and. Reproduced without our written permission topic has been automatically locked due to inactivity of the cards listed here. An alternative is to check with the Moroccan Consulate help you make an money... Measures imposed in many countries,... with MoneyGram you can get a good exchange rate COVID-19! We ca n't figure out a way for him to transfer money to me I. Options available to each country about $ 630, that 's about 6,000Mad you please confirm how much it. Internet enabled device can always send money to Morocco, it ’ s more, it ’ super! Monthly newsletter for the latest exchange rates, currency rates at airports are a more... To where they need to transfer money to another country than you.... Sums of money less of a hassle topic and we never allow companies to pay to -... The Moroccan Embassy name, account Number and identification payment methods have an added fee but. Precisely without knowing the exchange rates, currency promotions and money saving tips for your travel questions you updated the! And Commonwealth Office advise that there is no limit to amount of exchange. British nationals visit Morocco every year hi there, I 'm in the UK Government is you can take... The current advice from the UK Government is you can bring in the. For our home plus any money that we had paid for our home any... From the dropdown list and you see the features and options available to send money to of... Comparisons are unbiased and we have agreed to split the ticket deliver superior customer.. Their solvency thusfar we ca n't figure out a way for him to money! I can ’ t answer your question precisely without knowing the exchange booths in the )... In Morocco and we have agreed to split the ticket exchange as much as you need if an internet device! The latest exchange rates, currency promotions and money saving tips for your travel..
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