How to send money to Morocco from Canada with the best CAD-MAD rate

Western Union is the cheapest way to send money from Canada to Morocco based on the 11 companies we analyzed, giving your recipient 7,025.91 MAD from CA$1,000.

Best companies for CAD/MAD transfers

11 of 11 providers

Last updated on 28 October 2026

Based on 1,000 CAD transfer

Best companies for CAD/MAD transfers

Sort Cheapest
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Wise

Pay via Bank Transfer
Fees: $26.54 1 CAD = 7.0147 MAD +0.04% vs mid-market Recipient gets MAD 6,828.51 Next day
Receive to bank accountDedicated support for large transfers

Ways to receive money in Morocco with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext dayAvailable via:Bank Transfer
$26.541 CAD = 7.0147 MAD
MAD 6,828.51You pay$1,000.00
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WorldRemit

Pay via Debit Card
Fees: $3.99 1 CAD = 6.6918 MAD +4.75% vs mid-market Recipient gets MAD 6,665.07 Next Day
Receive to bank account or cash pickup

Ways to receive money in Morocco with WorldRemit when paying by debit card.

MethodFee & ratesRecipient gets
Cash pickupNext Day
$3.991 CAD = 6.6918 MAD
MAD 6,665.07You pay$1,000.00

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Western Union

Pay via Debit Card
Fees: $0.00 1 CAD = 7.0259 MAD -0.12% vs mid-market Recipient gets MAD 7,025.91 Next Day
Cheapest
Receive to bank account or cash pickup

Ways to receive money in Morocco with Western Union when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 7.0259 MAD
MAD 7,025.91You pay$1,000.00

Western Union

Pay via Bank Transfer
Fees: $0.00 1 CAD = 7.0259 MAD -0.12% vs mid-market Recipient gets MAD 7,025.91 Next Day
Receive to bank account or cash pickup

Ways to receive money in Morocco with Western Union when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 7.0259 MAD
MAD 7,025.91You pay$1,000.00

Remitly

Pay via Bank Transfer
Fees: $0.00 1 CAD = 7.0050 MAD +0.17% vs mid-market Recipient gets MAD 7,005.00 Within a week
Receive to bank account or cash pickup

Ways to receive money in Morocco with Remitly when paying by bank transfer.

MethodFee & ratesRecipient gets
Cash pickupWithin a week
Free1 CAD = 7.0050 MAD
MAD 7,005.00You pay$1,000.00
Bank depositWithin a week
Free1 CAD = 7.0050 MAD
MAD 7,005.00You pay$1,000.00
Mobile walletWithin a week
Free1 CAD = 7.0050 MAD
MAD 7,005.00You pay$1,000.00

Remitly

Pay via Interac
Fees: $0.00 1 CAD = 7.0050 MAD +0.17% vs mid-market Recipient gets MAD 7,005.00 Within a week
Receive to bank account or cash pickup

Ways to receive money in Morocco with Remitly when paying by interac.

MethodFee & ratesRecipient gets
Cash pickupWithin a week
Free1 CAD = 7.0050 MAD
MAD 7,005.00You pay$1,000.00
Bank depositWithin a week
Free1 CAD = 7.0050 MAD
MAD 7,005.00You pay$1,000.00
Mobile walletWithin a week
Free1 CAD = 7.0050 MAD
MAD 7,005.00You pay$1,000.00

Paysend

Pay via Debit Card
Fees: $0.00 1 CAD = 6.9732 MAD +0.63% vs mid-market Recipient gets MAD 6,973.19 6-12 Hours

Ways to receive money in Morocco with Paysend when paying by debit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 6.9732 MAD
MAD 6,973.19You pay$1,000.00

Paysend

Pay via Credit Card
Fees: $0.00 1 CAD = 6.9732 MAD +0.63% vs mid-market Recipient gets MAD 6,973.19 6-12 Hours

Ways to receive money in Morocco with Paysend when paying by credit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 6.9732 MAD
MAD 6,973.19You pay$1,000.00

OFX

Pay via Bank Transfer
Fees: $0.00 1 CAD = 6.9716 MAD +0.65% vs mid-market Recipient gets MAD 6,971.65 6-12 Hours
Receive to bank account

Ways to receive money in Morocco with OFX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 6.9716 MAD
MAD 6,971.65You pay$1,000.00

Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 6.9588 MAD +0.84% vs mid-market Recipient gets MAD 6,958.80 Within minutes
Receive to bank account or cash pickup

Ways to receive money in Morocco with Remitly when paying by debit card.

MethodFee & ratesRecipient gets
Cash pickupWithin minutes
Free1 CAD = 6.9588 MAD
MAD 6,958.80You pay$1,000.00
Bank depositWithin minutes
Free1 CAD = 6.9588 MAD
MAD 6,958.80You pay$1,000.00
Mobile walletWithin minutes
Free1 CAD = 6.9588 MAD
MAD 6,958.80You pay$1,000.00

Remitly

Pay via Credit Card
Fees: $20.00 1 CAD = 6.9588 MAD +0.84% vs mid-market Recipient gets MAD 6,958.80 Within minutes
Receive to bank account or cash pickup

Ways to receive money in Morocco with Remitly when paying by credit card.

MethodFee & ratesRecipient gets
Cash pickupWithin minutes
$20.001 CAD = 6.9588 MAD
MAD 6,958.80You pay$1,020.00
Bank depositWithin minutes
$20.001 CAD = 6.9588 MAD
MAD 6,958.80You pay$1,020.00
Mobile walletWithin minutes
$20.001 CAD = 6.9588 MAD
MAD 6,958.80You pay$1,020.00

Panda Remit

Pay via Bank Transfer
Fees: $8.99 1 CAD = 6.9885 MAD +0.41% vs mid-market Recipient gets MAD 6,925.67 6-12 Hours
0 reviews

Ways to receive money in Morocco with Panda Remit when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
$8.991 CAD = 6.9885 MAD
MAD 6,925.67You pay$1,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit Card
Fees: $4.99 1 CAD = 6.8904 MAD +1.82% vs mid-market Recipient gets MAD 6,890.40 6-12 Hours

Ways to receive money in Morocco with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$4.991 CAD = 6.8904 MAD
MAD 6,890.40You pay$1,004.99
Bank deposit6-12 HoursAvailable via:BMCE Bank, All Banks
$1.991 CAD = 6.8903 MAD
MAD 6,890.30You pay$1,001.99
$0 fee on first online transfers

MoneyGram

Pay via Credit Card
Fees: $4.99 1 CAD = 6.8904 MAD +1.82% vs mid-market Recipient gets MAD 6,890.40 6-12 Hours

Ways to receive money in Morocco with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$4.991 CAD = 6.8904 MAD
MAD 6,890.40You pay$1,004.99
Bank deposit6-12 HoursAvailable via:BMCE Bank, All Banks
$1.991 CAD = 6.8903 MAD
MAD 6,890.30You pay$1,001.99
$0 fee on first online transfers

MoneyGram

Pay via Cash deposit
Fees: $4.99 1 CAD = 6.8904 MAD +1.82% vs mid-market Recipient gets MAD 6,890.40 6-12 Hours

Ways to receive money in Morocco with MoneyGram when paying by cash deposit.

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$4.991 CAD = 6.8904 MAD
MAD 6,890.40You pay$1,004.99
Bank deposit6-12 HoursAvailable via:All Banks, BMCE Bank
$1.991 CAD = 6.8903 MAD
MAD 6,890.30You pay$1,001.99
Only available via Mobile App

Sendwave

Pay via Debit Card
Fees: $1.99 1 CAD = 6.9020 MAD +1.66% vs mid-market Recipient gets MAD 6,888.25 2 Days
Receive to bank account or cash pickup

Ways to receive money in Morocco with Sendwave when paying by debit card.

MethodFee & ratesRecipient gets
Bank deposit2 Days
$1.991 CAD = 6.9020 MAD
MAD 6,888.25You pay$1,000.00
Cash pickup2 Days
$1.991 CAD = 6.8880 MAD
MAD 6,874.26You pay$1,000.00

Moneycorp

Pay via Bank Transfer
Fees: $0.00 1 CAD = 6.8769 MAD +2.00% vs mid-market Recipient gets MAD 6,876.92 Next Day

Ways to receive money in Morocco with Moneycorp when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 6.8769 MAD
MAD 6,876.92You pay$1,000.00

TapTap Send

Pay via Debit Card
Fees: $0.00 1 CAD = 6.8500 MAD +2.41% vs mid-market Recipient gets MAD 6,850.00 Minutes
Fastest
Receive to bank account

Ways to receive money in Morocco with TapTap Send when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes
Free1 CAD = 6.8500 MAD
MAD 6,850.00You pay$1,000.00
Mobile moneyMinutesAvailable via:DamaneCash, Orange
Free1 CAD = 6.8500 MAD
MAD 6,850.00You pay$1,000.00
Cash pickupMinutesAvailable via:Al Barid Bank, Barid Cash, Cash Plus, Wafacash
$2.501 CAD = 6.8500 MAD
MAD 6,850.00You pay$1,002.50
Mobile walletMinutesAvailable via:LanaCash
$2.501 CAD = 6.8500 MAD
MAD 6,850.00You pay$1,002.50

Wise

Pay via Bank Transfer
Fees: $26.54 1 CAD = 7.0147 MAD +0.04% vs mid-market Recipient gets MAD 6,828.51 Next day
Recommended
Receive to bank accountDedicated support for large transfers

Ways to receive money in Morocco with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext dayAvailable via:Bank Transfer
$26.541 CAD = 7.0147 MAD
MAD 6,828.51You pay$1,000.00

Wise

Pay via Interac
Fees: $32.14 1 CAD = 7.0147 MAD +0.04% vs mid-market Recipient gets MAD 6,789.23 Same day
Receive to bank accountDedicated support for large transfers

Ways to receive money in Morocco with Wise when paying by interac.

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
$32.141 CAD = 7.0147 MAD
MAD 6,789.23You pay$1,000.00

Wise

Pay via Debit Card
Fees: $37.18 1 CAD = 7.0147 MAD +0.04% vs mid-market Recipient gets MAD 6,753.87 Same day
Receive to bank accountDedicated support for large transfers

Ways to receive money in Morocco with Wise when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
$37.181 CAD = 7.0147 MAD
MAD 6,753.87You pay$1,000.00
Only available via Mobile App

WorldRemit

Pay via Debit Card
Fees: $3.99 1 CAD = 6.6918 MAD +4.75% vs mid-market Recipient gets MAD 6,665.07 Next Day
Receive to bank account or cash pickup

Ways to receive money in Morocco with WorldRemit when paying by debit card.

MethodFee & ratesRecipient gets
Cash pickupNext Day
$3.991 CAD = 6.6918 MAD
MAD 6,665.07You pay$1,000.00

Wise

Pay via Credit Card
Fees: $51.42 1 CAD = 7.0147 MAD +0.04% vs mid-market Recipient gets MAD 6,653.99 Same day
Receive to bank accountDedicated support for large transfers

Ways to receive money in Morocco with Wise when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
$51.421 CAD = 7.0147 MAD
MAD 6,653.99You pay$1,000.00
How Our Results Work
Mid-market rate: 1 CAD = 7.0173 MAD Updates every 60 minutes.

How to send money from Canada to Morocco

Pick a company

Start with the cheapest, which is Western Union at 7,025.91 MAD on CA$1,000.

Western Union was the cheapest on 25 of the 30 days it quoted CA$1,000 transfers to Morocco.

More than half of Canadians sending money still pay at a store counter. The same company is often cheaper online.

Fund your transfer

You have 5 ways to pay, including debit card, bank transfer, credit card, interac, and cash deposit.

Interac e-Transfer is how most companies take your money, moving it into their Canadian account so they can carry it over the border.

Verify and send

First time round you'll need a photo ID, and often where the money came from.

Your first transfer will be slower than the ones after it because of those checks, so send it a few days before it's needed.

Compare amounts

How much CAD are you sending to Morocco?

How much CAD you send to Morocco heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Western Union was the cheapest in 61% of the transfers up to C$1,000 it quoted, and in 68% of all the transfers it quoted.

Cheapest service
$100-1.38%$0.00MAD 711.62with bank transfer to cash pickup+MAD 33.80
$500-1.34%$0.00MAD 3,557.55with bank transfer to cash pickup+MAD 99.51
$1,000This page-0.12%$0.00MAD 7,025.91with debit card to bank deposit+MAD 130.66
$3,0000.31%$0.00MAD 20,993.74with debit card to bank deposit+MAD 318.39
$10,0000.25%$0.00MAD 70,006.87with bank transfer to bank deposit+MAD 1,004.63
$50,0000.20%$0.00MAD 350,310.82with bank transfer to bank deposit+MAD 3,911.48

Mid-market rate: 1 CAD = 7.0173 MAD

CAD/MAD Exchange Rate History

Is today a good time to send money from Canada to Morocco?

The cheapest way to send CAD to MAD can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Western Union), across 30 days of comparisons for 1,000 CAD transfers to Morocco.

MAD received for $1,000, after fees

Wed, Oct 28, 2026Mid-market rateMAD 7,017.26 Western Union MAD 7,025.91Western UnionMAD 7,025.91RemitlyMAD 7,005.00PaysendMAD 6,973.19

6,600
6,700
6,800
6,900
7,000
7,100
At the mid-market rateWith the cheapest optionWestern UnionRemitlyPaysend
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.7930 – MAD 6,793.05
Western Union Cheapest 6.8099 $0.00 MAD 6,809.91 +MAD 16.86
Paysend 6.7653 $0.00 MAD 6,765.26 −MAD 27.79
Remitly 6.6930 $0.00 MAD 6,693.00 −MAD 100.05
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.8332 – MAD 6,833.21
Western Union Cheapest 6.8244 $0.00 MAD 6,824.41 −MAD 8.80
Paysend 6.7786 $0.00 MAD 6,778.62 −MAD 54.59
Remitly 6.7057 $0.00 MAD 6,705.70 −MAD 127.51
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.8262 – MAD 6,826.24
Western Union Cheapest 6.8183 $0.00 MAD 6,818.27 −MAD 7.97
Paysend 6.7772 $0.00 MAD 6,777.25 −MAD 48.99
Remitly 6.7010 $0.00 MAD 6,701.00 −MAD 125.24
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.8950 – MAD 6,894.96
Western Union Cheapest 6.8796 $0.00 MAD 6,879.57 −MAD 15.39
Paysend 6.8576 $0.00 MAD 6,857.63 −MAD 37.33
Remitly 6.7828 $0.00 MAD 6,782.80 −MAD 112.16
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.9772 – MAD 6,977.23
Western Union Cheapest 6.9911 $0.00 MAD 6,991.09 +MAD 13.86
Paysend 6.9350 $0.00 MAD 6,935.02 −MAD 42.21
Remitly 6.8599 $0.00 MAD 6,859.90 −MAD 117.33
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.9570 – MAD 6,957.02
Western Union Cheapest 6.9911 $0.00 MAD 6,991.09 +MAD 34.07
Paysend 6.9350 $0.00 MAD 6,935.02 −MAD 22.00
Remitly 6.8599 $0.00 MAD 6,859.90 −MAD 97.12
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.9550 – MAD 6,955.03
Western Union Cheapest 6.9911 $0.00 MAD 6,991.09 +MAD 36.06
Paysend 6.9227 $0.00 MAD 6,922.73 −MAD 32.30
Remitly 6.8469 $0.00 MAD 6,846.90 −MAD 108.13
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.9758 – MAD 6,975.81
Western Union Cheapest 7.0057 $0.00 MAD 7,005.72 +MAD 29.91
Paysend 6.9565 $0.00 MAD 6,956.51 −MAD 19.30
Remitly 6.8820 $0.00 MAD 6,882.00 −MAD 93.81
Exchange rateFees:Recipient getsDifference
Mid-market rate 7.0092 – MAD 7,009.25
Western Union Cheapest 7.0320 $0.00 MAD 7,032.02 +MAD 22.78
Paysend 6.9747 $0.00 MAD 6,974.67 −MAD 34.57
Remitly 6.9023 $0.00 MAD 6,902.30 −MAD 106.94
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.9898 – MAD 6,989.80
Western Union Cheapest 7.0197 $0.00 MAD 7,019.65 +MAD 29.85
Paysend 6.9529 $0.00 MAD 6,952.95 −MAD 36.85
Remitly 6.8785 $0.00 MAD 6,878.50 −MAD 111.30
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.9879 – MAD 6,987.90
Western Union Cheapest 6.9989 $0.00 MAD 6,998.94 +MAD 11.04
Paysend 6.9304 $0.00 MAD 6,930.41 −MAD 57.49
Remitly 6.8571 $0.00 MAD 6,857.10 −MAD 130.80
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.8949 – MAD 6,894.88
Western Union Cheapest 6.9131 $0.00 MAD 6,913.12 +MAD 18.24
Paysend 6.7945 $0.00 MAD 6,794.52 −MAD 100.36
Remitly 6.7176 $0.00 MAD 6,717.60 −MAD 177.28
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.8949 – MAD 6,894.88
Western Union Cheapest 6.9131 $0.00 MAD 6,913.12 +MAD 18.24
Paysend 6.7945 $0.00 MAD 6,794.52 −MAD 100.36
Remitly 6.7176 $0.00 MAD 6,717.60 −MAD 177.28
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.8899 – MAD 6,889.89
Western Union Cheapest 6.9131 $0.00 MAD 6,913.12 +MAD 23.23
Paysend 6.8024 $0.00 MAD 6,802.40 −MAD 87.49
Remitly 6.7247 $0.00 MAD 6,724.70 −MAD 165.19
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.7946 – MAD 6,794.55
Remitly Cheapest 6.8035 $0.00 MAD 6,803.50 +MAD 8.95
Western Union 6.8004 $0.00 MAD 6,800.37 +MAD 5.82
Paysend 6.7668 $0.00 MAD 6,766.83 −MAD 27.72
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.8700 – MAD 6,870.05
Remitly Cheapest 6.8922 $0.00 MAD 6,892.20 +MAD 22.15
Western Union 6.8892 $0.00 MAD 6,889.18 +MAD 19.13
Paysend 6.8600 $0.00 MAD 6,860.00 −MAD 10.05
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.9179 – MAD 6,917.90
Western Union Cheapest 6.9325 $0.00 MAD 6,932.46 +MAD 14.56
Remitly 6.9168 $0.00 MAD 6,916.80 −MAD 1.10
Paysend 6.8788 $0.00 MAD 6,878.82 −MAD 39.08
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.9144 – MAD 6,914.43
Western Union Cheapest 6.9198 $0.00 MAD 6,919.79 +MAD 5.36
Remitly 6.8683 $0.00 MAD 6,868.30 −MAD 46.13
Paysend 6.8410 $0.00 MAD 6,841.00 −MAD 73.43
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.8724 – MAD 6,872.44
Remitly Cheapest 6.8897 $0.00 MAD 6,889.70 +MAD 17.26
Western Union 6.8856 $0.00 MAD 6,885.56 +MAD 13.12
Paysend 6.8585 $0.00 MAD 6,858.47 −MAD 13.97
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.8724 – MAD 6,872.44
Remitly Cheapest 6.8897 $0.00 MAD 6,889.70 +MAD 17.26
Western Union 6.8856 $0.00 MAD 6,885.56 +MAD 13.12
Paysend 6.8585 $0.00 MAD 6,858.47 −MAD 13.97
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.9147 – MAD 6,914.75
Remitly Cheapest 6.9092 $0.00 MAD 6,909.20 −MAD 5.55
Western Union 6.8856 $0.00 MAD 6,885.56 −MAD 29.19
Paysend 6.8777 $0.00 MAD 6,877.73 −MAD 37.02
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.9471 – MAD 6,947.08
Western Union Cheapest 6.9482 $0.00 MAD 6,948.25 +MAD 1.17
Remitly 6.9462 $0.00 MAD 6,946.20 −MAD 0.88
Paysend 6.9125 $0.00 MAD 6,912.45 −MAD 34.63
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.9576 – MAD 6,957.64
Western Union Cheapest 6.9825 $0.00 MAD 6,982.55 +MAD 24.91
Remitly 6.9505 $0.00 MAD 6,950.50 −MAD 7.14
Paysend 6.9235 $0.00 MAD 6,923.52 −MAD 34.12
Exchange rateFees:Recipient getsDifference
Mid-market rate 7.0001 – MAD 7,000.15
Western Union Cheapest 6.9728 $0.00 MAD 6,972.78 −MAD 27.37
Remitly 6.9650 $0.00 MAD 6,965.00 −MAD 35.15
Paysend 6.9344 $0.00 MAD 6,934.38 −MAD 65.77
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.9991 – MAD 6,999.13
Western Union Cheapest 7.0222 $0.00 MAD 7,022.19 +MAD 23.06
Remitly 6.9840 $0.00 MAD 6,984.00 −MAD 15.13
Paysend 6.9555 $0.00 MAD 6,955.50 −MAD 43.63
Exchange rateFees:Recipient getsDifference
Mid-market rate 7.0098 – MAD 7,009.82
Western Union Cheapest 7.0220 $0.00 MAD 7,022.02 +MAD 12.20
Remitly 6.9929 $0.00 MAD 6,992.90 −MAD 16.92
Paysend 6.9652 $0.00 MAD 6,965.16 −MAD 44.66
Exchange rateFees:Recipient getsDifference
Mid-market rate 7.0098 – MAD 7,009.82
Western Union Cheapest 7.0220 $0.00 MAD 7,022.02 +MAD 12.20
Remitly 6.9929 $0.00 MAD 6,992.90 −MAD 16.92
Paysend 6.9652 $0.00 MAD 6,965.16 −MAD 44.66
Exchange rateFees:Recipient getsDifference
Mid-market rate 6.9962 – MAD 6,996.20
Western Union Cheapest 7.0220 $0.00 MAD 7,022.02 +MAD 25.83
Remitly 6.9886 $0.00 MAD 6,988.60 −MAD 7.59
Paysend 6.9622 $0.00 MAD 6,962.17 −MAD 34.02
Exchange rateFees:Recipient getsDifference
Mid-market rate 7.0203 – MAD 7,020.32
Western Union Cheapest 7.0268 $0.00 MAD 7,026.77 +MAD 6.45
Remitly 7.0027 $0.00 MAD 7,002.70 −MAD 17.62
Paysend 6.9717 $0.00 MAD 6,971.67 −MAD 48.65
Exchange rateFees:Recipient getsDifference
Mid-market rate 7.0173 – MAD 7,017.26
Western Union Cheapest 7.0259 $0.00 MAD 7,025.91 +MAD 8.65
Remitly 7.0050 $0.00 MAD 7,005.00 −MAD 12.26
Paysend 6.9732 $0.00 MAD 6,973.19 −MAD 44.07

Exchange rateFees:Recipient getsDifference

Each line shows what the recipient gets when you send $1,000, after fees, as quoted by each company. The mid-market line shows what $1,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more MAD per CAD than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 25 of the last 30 days.

Right now, Western Union pays 7,025.91 MAD on 1,000 CAD, which is 8.65 MAD more than the mid-market amount, so it's a good deal (pretty much free money).

Today's payout isn't the best this month though, since the highest receive amount was 7,032.02 MAD.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

If you need to send money now, it's a good time to send.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Morocco.

We've tracked 180 comparisons to check how often today's top companies were the cheapest across 6 amounts over the past month.

  1. Western UnionAppeared in 119 comparisons

    Cheapest in 68% of them

  2. RemitlyAppeared in 104 comparisons

    Cheapest in 34% of them

  3. PaysendAppeared in 92 comparisons

    Cheapest in 1% of them

Based on 180 comparisons across 6 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyze companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Western Union is the cheapest and gets you the most MAD, and it was also the cheapest in 68% of the 119 comparisons it appeared in over the past month.

It's a good pick for both one-off and regular transfers to Morocco.

Remitly (today's second cheapest) was the cheapest in only 34% of its comparisons, so it's rarely the cheapest option for transfers to Morocco.

Ways to send money from Canada to Morocco

There are 11 companies sending money to Morocco, but how you send depends on your needs.

Most common option

In-person transfers

Hand your cash over the counter and your recipient can collect it the same day without needing an app or bank account.

Bring CA$1,000 in cash to the closest Western Union location, and your recipient picks up 7,025.91 MAD within minutes.

Our data shows Western Union came out cheapest among in-person options on 83% of days in the past month.

Cash transfers cost more

Cash transfer to Morocco is usually the most expensive option, compare your options above to get the best deal.

For transfers home

Money transfer apps

An app does the same job as the store for less, and you top it up with an Interac e-Transfer, the same way you'd send money to a friend.

Western Union charges CA$0 in fees and adds -0.12% markup, so your CA$1,000 delivers 7,025.91 MAD in next day.

Over the past month, Western Union was the cheapest app on 83% of the days it appeared for CA$1,000 transfers.

You don't need a SIN to sign up either, a passport works.

For one-off transfers

Online transfers

For bigger or less frequent transfers, compare a couple of online services on the day, and pick the cheapest.

Of the 11 companies we compared, Western Union is the cheapest online service and currently gets you 7,025.91 MAD on a CA$1,000 transfer after a CA$0 fee and -0.12% markup.

In our comparisons over the past month, it was the cheapest online service on 25 of the 30 days it quoted.

Funding by bank transfer (EFT) is cheapest but takes 1-2 days to clear, and Interac e-Transfer or debit card is faster but pricier.

For large transfers from Canada

Currency brokers

For property, tuition, moving from Canada, or an inheritance, a broker is the best and usually the cheapest option.

Brokers like OFX charge no fees but add 0.65% on CAD/MAD interbank rate.

The markup gets lower the more you send, with an account manager handling it end to end.

Our analysis shows OFX was the cheapest broker in 60% of all the transfers it quoted.

If you're sending large amounts, expect more questions about the transfers, so have statements and documents ready to avoid delays.

For businesses paying abroad

Global accounts

Global accounts handle the business side, paying suppliers, contractors and overseas invoices in MAD.

Companies like OFX, Airwallex, or WorldFirst are set up for the batch and recurring payments a personal app can't do.

For spending abroad and getting paid

Multi-currency accounts

If part of your life runs in MAD, be it spending it, saving it, or waiting for a better rate, a multi-currency account can hold it alongside your CAD.

Wise lets you hold CAD and MAD, and convert between them at low cost.

For example, converting $1,000 costs $26.54 in fees at 0.04% markup, which gets you 6,828.51 MAD.

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

Ways to fund CAD and receive MAD in Morocco

With Western Union, paying by debit card and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 7,025.91 MAD.

Deposit CAD using debit card, bank transfer, credit card, interac, and cash deposit.

I suggest using Interac e-Transfer for simplicity

Follow the company's Interac instructions and check the business name before sending.

Do not send to an email address supplied outside the company's app or website.

The recipient can receive MAD through bank deposit, cash pickup, mobile wallet, and mobile money.

For a bank deposit payout, you will need the recipient's bank details in Morocco.

  1. 1
    debit card Bank deposit

    You pay CA$1,000.00

    DH7,026

    Cheapest

  2. 2
    Bank transfer Bank deposit

    You pay CA$1,000.00

    DH7,026

    DH0

  3. 3
    Bank transfer Cash pickup

    You pay CA$1,000.00

    DH7,005

    -DH21

  4. 4
    Bank transfer Mobile wallet

    You pay CA$1,000.00

    DH7,005

    -DH21

  5. 5
    Interac Cash pickup

    You pay CA$1,000.00

    DH7,005

    -DH21

Show moreShow less
  1. 6
    Interac Bank deposit

    You pay CA$1,000.00

    DH7,005

    -DH21

  2. 7
    Interac Mobile wallet

    You pay CA$1,000.00

    DH7,005

    -DH21

  3. 8
    credit card Bank deposit

    You pay CA$1,000.00

    DH6,973

    -DH53

  4. 9
    debit card Cash pickup

    You pay CA$1,000.00

    DH6,959

    -DH67

  5. 10
    debit card Mobile wallet

    You pay CA$1,000.00

    DH6,959

    -DH67

  6. 11
    credit card Cash pickup

    You pay CA$1,020.00

    DH6,959

    -DH67

  7. 12
    credit card Mobile wallet

    You pay CA$1,020.00

    DH6,959

    -DH67

  8. 13
    Cash deposit Cash pickup

    You pay CA$1,004.99

    DH6,890

    -DH136

  9. 14
    Cash deposit Bank deposit

    You pay CA$1,001.99

    DH6,890

    -DH136

  10. 15
    debit card Mobile money

    You pay CA$1,000.00

    DH6,850

    -DH176

Consider this when sending CAD to Morocco

Interac can fund an international transfer, but it does not send money abroad by itself. You should also know what happens when a transfer reaches the FINTRAC reporting threshold.

Compare CAD/MAD transfer options

For a CA$1,000 transfer to Morocco, these are the cheapest, fastest and easiest options available now.

Best way to send money to Morocco

Western Union is the cheapest and easiest option, funded by debit card with bank deposit for the payout. Your recipient gets 7,025.91 MAD, which is 0.3% more than the next best option.

Fastest way to send money to Morocco

TapTap Send is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 6,850 MAD in minutes.

Interac only works inside Canada

An Interac e-Transfer cannot go directly to a recipient in Morocco.

When a transfer company accepts Interac, you send CAD to its Canadian account and the company handles the international side over its own network.

C$10,000 reporting threshold

There is no C$10,000 legal cap on electronic transfers from Canada.

A reporting entity must report an international electronic funds transfer of C$10,000 or more to FINTRAC, including linked transfers that meet the 24-hour rule.

The bank or transfer company makes that report, you do not file it yourself.

But you may be asked for proof of where the money came from.

Sending your own cash or making a genuine cash gift does not create a Canadian gift tax simply because the money goes abroad.

Tax can become relevant when you transfer an appreciated asset rather than cash, or when attribution rules apply.

CDIC protection

Money held with a payment company is not covered by CDIC in the same way as an eligible bank deposit.

Payment companies covered by the Retail Payment Activities Act must safeguard end-user funds, but the Bank of Canada does not resolve individual fee or payment disputes.

If you’re unsure about the company, you can check the company in the FINTRAC MSB Registry.

If you live in Quebec, also confirm that it is allowed to provide money services there.

How we analyse the market

Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.

That covers 11 FINTRAC-registered companies sending CAD to Morocco, updated in real time during a live search, compared on rates, fees and how your recipient can collect.

In the past 30 days alone, we analyzed 180 comparisons across 6 amounts.

This page covers the cheapest and fastest options for CAD/MAD transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Each goes through our review. More on who we are, why you can trust us and getting started.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.