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 Your email address will not be published.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