MREs: How to Send Money to Morocco at the Best Rate (2026)
Over 5 million MREs (Moroccans Residing Abroad) regularly send money to their families. Between Western Union, bank transfers, and fintechs, fees can vary significantly. Here's how to optimise every transfer.
📊 Comparison for Sending €500 to Morocco
| Service | Fees | Applied Rate | Received in Morocco | Timeframe |
|---|---|---|---|---|
| Bank Transfer | €5-15 | ~10.60 | ~5,250 MAD | 2-4 days |
| Western Union | €8-20 | ~10.50 | ~5,170 MAD | Minutes |
| MoneyGram | €5-15 | ~10.55 | ~5,200 MAD | Minutes |
| Wise | €3-5 | ~10.80 | ~5,370 MAD | 1-2 days |
* Indicative data. Fees and rates vary by amount and receiving method.
Max gap: Up to 200 MAD difference per €500. Sending monthly, that's 2,400 MAD in potential savings a year.
🏦 SEPA Bank Transfer: The Classic
Bank transfers are safe and traceably. The downsides: slow speed (2 to 4 days) and often mediocre exchange rates applied by the receiving bank in Morocco.
💡 Top 5 Tips for MREs
- Always compare before sending: Rates and fees change daily. 5 minutes of comparing can save €10-20 per send.
- Avoid peak times: Rates are often worse on Friday evenings and Monday mornings.
- Prefer account transfers: Cash pickup (Western Union, MoneyGram) costs more in fees.
- Group your transfers: One €500 transfer is proportionally cheaper than five €100 transfers.
- Monitor the Deviz.ma rate: Send when the EUR/MAD rate is in your favour.
This article is part of
Money in Morocco: the guide for travellers and Moroccans abroad →By Hed Diou
Hed Diou is behind Deviz.ma, the platform where licensed exchange offices in Morocco compete for each request. He follows partner offices’ rates and customer requests every day.