Money Transfer 2026
Send Money to Morocco: 2026 Comparison (Reduced Fees)
Wise, Western Union, Pia, Remitly... Options for sending money to Morocco are plentiful, but fees vary enormously. Who's really cheapest in 2026?
Every year, billions of dirhams are transferred to Morocco by the diaspora (MRE). Yet a large portion is lost in hidden exchange fees and opaque banking commissions.
1. The 3 Main Methods
A. Neobanks (Wise, Revolut)
- How it works: You make a local SEPA transfer, they deposit Dirhams from their local Moroccan account.
- Advantage: Total transparency. Real mid-market rate.
- Disadvantage: Recipient needs a bank account.
B. Cash Operators (Western Union, MoneyGram, Ria)
- Advantage: Speed (minutes) and accessibility (no bank account needed).
- Disadvantage: Hidden cost through exchange rate markup of 2-5%.
C. Traditional Banks
- Advantage: Security for very large amounts (>€50,000).
- Disadvantage: High fixed fees (sending + receiving) and unfavourable exchange rate. 3-5 business days.
Comparison: Sending €1,000 to Morocco
Simulation on 5 January 2026 (Indicative interbank rate: 1€ = 10.85 MAD)
| Service | Sending Fee | Exchange Rate | Received (MAD) |
|---|---|---|---|
| Wise | ~€6.50 | 10.85 (Real) | ~10,780 MAD |
| Western Union (Cash) | €2.90 | 10.45 (Markup) | ~10,420 MAD |
| Traditional Bank | ~€15 + €20 (Recv.) | 10.60 | ~10,230 MAD |
Finding: On a €1,000 transfer, the difference between best and worst can reach 550 MAD (about €50)!
FAQ
Is it legal to send cash by post?▼
No. Sending banknotes by mail is strictly prohibited. Customs will seize the envelope entirely.
What's the Western Union limit for Morocco?▼
Depends on your country and identity verification level. Generally €1,000/day without advanced verification, up to €5,000 after ID validation.
Moroccan RIB: How many digits?▼
The Moroccan RIB has 24 digits. For international transfers, you need the IBAN (starting with MA followed by 26 characters) and the bank's SWIFT/BIC code.
Check the Rate Before Sending
Always check today's official rate to calculate your real loss.
See Official Rate on Deviz.ma