Need to send money to Morocco? Considering a wire to transfer the money to Morocco? Before you visit your bank to organise it, make sure you check out the wire transfer fees. You might get a shock as to how much the fees will be and depending on the amount of the transfer, it might make more sense to send the money by other methods.
What can make it worse is in addition to your bank imposing a fee for sending the money to a place in Morocco, the person receiving the transfer of money will possibly also incur a fee from the bank where they have their account. One way to reduce the likelihood of this charge is to send the international wire transfer in their local currency.
To initiate a wire transfer to Morocco, you will possibly need a SWIFT code. These are unique for each bank and are based on references such as the bank and country.
Bank wire details for Morocco
- Country – Morocco
- SWIFT Country Code – MA
- Central Bank Name – Bank Al-Maghrib
- Currency – Dirham
- Currency Code – MAD