Sending money to Morocco from Canada

MoroccoCompare international money transfer services to find the best deal when sending money to Morocco.

A North African country bordered by the Atlantic Ocean and Mediterranean Sea, Morocco is renowned for its centuries-old cities, sweeping deserts and epic mountain peaks. Whether you’re relaxing on a panoramic terrace, camel trekking through the sand dunes or sipping a hot mint tea in one of colorful street cafes, Morocco has something to offer for travelers and locals alike. While many Canadians travel to Morocco for its unique blend of Berber, Arabian and European cultural influences, there are also over 21,000 Canadians who indicate Moroccan descent, with around 75% living in Montreal. This travel between countries facilitates a near constant exchange of money, from Canadian dollars to the Moroccan dirham and vice-versa.

When it comes to sending money to Morocco, Canadians have an abundance of suitable options. So how do you make sure you choose the right service for you? Look for one that offers the most return on your dollar, with better exchange rates and lower transaction fees.

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Rates last updated February 18th, 2018

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Banks vs money transfer services

Depending on your financial institution, you may be able to send funds to Morocco, but that doesn’t mean that the bank should be your go-to. Why not? Banks are notorious for jacking up exchange rates and charging exorbitant fees. When it comes to transferring funds overseas, many Canadians opt instead for online transfer services, specialized in offering safe and affordable international money transfers. Oftentimes, these companies trade in large volumes of currency every day, which means they are in a better position to offer competitive exchange rates with lower fees than the bank.

Case Study: Peter Sends Money to Morocco

Peter needs to send $1,000 to his younger brother Matthew, who is on holiday in Morocco. On a trek through the Atlas Mountains, Matthew misplaced his wallet and needs some fast cash to hold him over until he returns home. Peter knows that his bank will overcharge on exchange rates, not to mention take several days to complete the transfer, so he decides to compare two well-known cash pickup transfer companies to find a more suitable deal.

Money Transfer Service 1 (Non-bank)Money Transfer Service 2 (Non-bank)
Exchange rate$1 CAD = MAD 7.4759$1 CAD = MAD 7.4944
Transfer fee$11.99$50
Amount received for $500 AUD (Moroccan Dirham)MAD 3,737.93MAD 3,747.21
Transfer timeInstant cash transferInstant cash transfer
Transfer optionsOnlineOnline or at branch.
Total cost of transaction$511.99$550
Amount received by recipientMAD 3737.93MAD 3747.21

Rates are indicative and subject to change. Major banking institutions may not let you transfer to a Moroccan account. You’ll need to check with your lending institution to see if they allow you to do this.

The first service has a much lower fee than the second service, but the second service offers a better exchange rate. However, the $50 fee on the second service offsets the savings on exchange rates, meaning that Peter should choose service one if he wants to save as much as $40.

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How do I compare companies if you want to send money to Morocco?

Peter’s experience shows that you can save a lot of money by comparing your money transfer options. Different money transfer services offer different fees, exchange rates and pick-up methods, so consider the following features when deciding which service to choose:

  • Exchange rates. Even a small difference in rates can add up to a big difference when you calculate the total cost of a transfer, so don’t hesitate to make comparisons before committing to a service.
  • Fees and charges. Some money transfer services offer fee-free transfers while others charge high rates. Some providers might meet you in the middle ground, and waive a transfer fee if you send more than a certain amount of money. It’s best to shop around for the best option.
  • Transfer methods. Can you send funds online, over the phone or by visiting a branch? Find out if the transfer fee changes depending on which method you use.
  • Speed of transfers. How long until your money can be accessed in Morocco? For emergency transfers, look for a company that offers the fastest possible turnaround times.
  • Minimum amount. Many companies will require you to transfer a minimum amount in order to use their services. This minimum limit could be as high as $1,000, so look for a company that suits your needs.
  • Pickup methods. While some companies allow your recipient to collect cash in person by visiting an agent location, others offer transfers direct to your recipient’s bank account. While a bank transfer might work for some, if your recipient needs fast cash in hand (like Matthew), than a direct pick-up will be a better option.
  • Customer service. Search for a company that has an excellent reputation for customer service, with both telephone and live chat support options available.

What currency is used in Morocco?

The official currency of Morocco is the Dirham, which is a closed currency, meaning you can’t buy or sell it outside of the country. You’ll often find prices quoted in euros instead of Dirhams, and you may be able to use other foreign currencies (most notably the euro, US dollar and Great British Pound) to pay for goods and services when you’re there. Naturally, this is up to the individual shop or restaurant, so double check before committing to purchase. Some of the providers that allow you to send money from Canada to Morocco include WorldRemit, Western Union and MoneyGram. You can also consult directly with your bank for more information about their transfer process.

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How do I send money to Morocco from Canada?

If you’re looking to send money to Morocco, check out some of the service providers below to get the quick low-down on some of the money transfer service options available to you.

  • TransferWise. Send money to Morocco with TransferWise. Fees fluctuate based on how much you are sending and whether you’re paying with debit or credit. Exchange rates are set around the mid-market rate as of 03 February 2018. Transfers are normally completed between one and five business days.
  • CanadianForex. No transfer fees on transactions above $10,000 and only $15 for transactions below. Canadian Forex does not use mid-market rates, but rather trades at the OFX customer rate. Transfers are normally completed within two business days.
  • TorFX. Transfer fees vary based on amount sent (ie. $1000 = $13.99 fee). Exchange rates are lower than the mid-market rate.
  • Currency Solutions. No transfer fees and competitive exchange rates (typically less than 1% margin) based on the amount sent.

Emergency cash transfers to Morocco

There are some situations where you need to transfer funds urgently. When you make an emergency transfer, you will likely need to pay higher fees, with less competitive exchange rates, in return for a quick turnaround time. Make sure your recipient is within the proximity of a cash pickup location, such as Western Union, Moneygram or WorldRemit.

Cash pickup locations in Morocco


  • Pick up at any branch of Banque Populaire, Wafacash, CanalM, and UAE Exchange.

Western Union


  • Pick up at any branch of Banque Populaire, Wafacash, Al Barid Bank and Credit du Maroc.

Tips for picking up cash in Morocco

If you do plan to visit Morocco, the Government of Canada recommends that you exercise a high degree of caution (as of 04 February 2018). Petty crimes—notably pickpocketing, purse snatchings (sometimes by motorcyclists), scams and other thefts—take place most frequently in medinas, market areas, parks and on beaches. When picking up cash, be extra careful around automated banking machines (ABMs), steer clear of isolated areas and never walk alone at night.

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How do I send money to Morocco?

If you want to send money to a Moroccan bank account, you may need the following information:

  • Personal details. You’ll need to provide basic personal details of the person you wish to send the money to, this includes information like their name and address.
  • Bank code: A three digit number.
  • Branch code: A five digit number.
  • Account number: A 14 digit number.
  • RIB Key: A two digit number.

Some providers require that you open an account with them prior to making transactions. To do this, you may need to provide your personal details and verify a linked bank account. The international money transfer provider will advise you of the requirements prior to receiving a quote to send money to Morocco.

Following your payment for the funds transfer, you should receive an invoice or receipt providing proof that the funds have been sent. Send money to Morocco quickly, easily and cheaply by comparing international money transfer companies. If you need more information about how to send money to Morocco, get in touch with us by asking a question using the form below.

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