How to send money to Morocco from Germany with the best EUR-MAD rate

Key Currency is the best and cheapest service overall. On €7,000 you will get 76,594.79 MAD after fees and the exchange rate.

We’ve compared 12 money transfer companies in more detail below.

Best companies for EUR/MAD transfers

12 of 12 providers

Last updated on 28 October 2026

Based on 7,000 EUR transfer

Best companies for EUR/MAD transfers

Sort Cheapest
Promoted

Wise

Pay via Bank transfer
Fee €145.26 1 EUR = 10.9647 MAD +0.04% vs mid-market Recipient gets MAD 75,160.17 Same day
Multi-currency cardReceive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
€145.261 EUR = 10.9647 MAD
MAD 75,160.17You pay€7,000.00
Promoted

Xe

Pay via Debit card
Fee €0.00 1 EUR = 10.8449 MAD +1.14% vs mid-market Recipient gets MAD 75,914.30 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 10.8449 MAD
MAD 75,914.30You pay€7,000.00

Run a live search

Showing top Germany to Morocco deals for 7,000 EUR. Do a live search with your exact amount for today's best rates.
Exclusive: Special Rate for 1st Transfer

Key Currency

Pay via Bank transfer
Fee €0.00 1 EUR = 10.9421 MAD +0.25% vs mid-market Recipient gets MAD 76,594.79 Minutes - 3 days
Cheapest
Personal account managerReceive to bank account

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 3 days
Free1 EUR = 10.9421 MAD
MAD 76,594.79You pay€7,000.00
Exclusive: First Transfer Deal

Regency FX

Pay via Bank transfer
Fee €0.00 1 EUR = 10.9399 MAD +0.27% vs mid-market Recipient gets MAD 76,579.43 Minutes - 24 hours
Personal account managerReceive to bank accountProfessional, personal service

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 10.9399 MAD
MAD 76,579.43You pay€7,000.00

OFX

Pay via Bank transfer
Fee €0.00 1 EUR = 10.9147 MAD +0.50% vs mid-market Recipient gets MAD 76,402.83 Minutes - 24 hours
Personal account managerReceive to bank account

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 10.9147 MAD
MAD 76,402.83You pay€7,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit card
Fee €9.99 1 EUR = 10.9077 MAD +0.57% vs mid-market Recipient gets MAD 76,353.90 Minutes - 24 hours

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

MethodFee & ratesRecipient gets
Card depositMinutes - 24 hoursAvailable via:Bank Debit Card
€9.991 EUR = 10.9077 MAD
MAD 76,353.90You pay€7,009.99
Cash pickupMinutes - 24 hours
€3.991 EUR = 10.8278 MAD
MAD 75,794.60You pay€7,003.99
Bank depositMinutes - 24 hoursAvailable via:BMCE Bank, All Banks
€0.801 EUR = 10.8277 MAD
MAD 75,793.90You pay€7,000.80
$0 fee on first online transfers

MoneyGram

Pay via Credit card
Fee €9.99 1 EUR = 10.9077 MAD +0.57% vs mid-market Recipient gets MAD 76,353.90 Minutes - 24 hours

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

MethodFee & ratesRecipient gets
Card depositMinutes - 24 hoursAvailable via:Bank Debit Card
€9.991 EUR = 10.9077 MAD
MAD 76,353.90You pay€7,009.99
Cash pickupMinutes - 24 hours
€3.991 EUR = 10.8278 MAD
MAD 75,794.60You pay€7,003.99
Bank depositMinutes - 24 hoursAvailable via:BMCE Bank, All Banks
€0.801 EUR = 10.8277 MAD
MAD 75,793.90You pay€7,000.80
Only available via Mobile App

Sendwave

Pay via Debit card
Fee €0.00 1 EUR = 10.8710 MAD +0.90% vs mid-market Recipient gets MAD 76,097.00 Minutes - 3 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 depositMinutes - 3 days
Free1 EUR = 10.8710 MAD
MAD 76,097.00You pay€7,000.00
Cash pickupMinutes - 3 days
Free1 EUR = 10.8107 MAD
MAD 75,675.11You pay€7,000.00

TapTap Send

Pay via Debit card
Fee €0.00 1 EUR = 10.8600 MAD +1.00% vs mid-market Recipient gets MAD 76,020.00 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 EUR = 10.8600 MAD
MAD 76,020.00You pay€7,000.00
Mobile moneyMinutesAvailable via:DamaneCash, Orange
Free1 EUR = 10.8600 MAD
MAD 76,020.00You pay€7,000.00
Cash pickupMinutesAvailable via:Al Barid Bank, Barid Cash, Cash Plus, Wafacash
€2.501 EUR = 10.8600 MAD
MAD 76,020.00You pay€7,002.50
Mobile walletMinutesAvailable via:LanaCash
€2.501 EUR = 10.8600 MAD
MAD 76,020.00You pay€7,002.50

Xe

Pay via Debit card
Fee €0.00 1 EUR = 10.8449 MAD +1.14% vs mid-market Recipient gets MAD 75,914.30 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 10.8449 MAD
MAD 75,914.30You pay€7,000.00

Xe

Pay via Bank transfer
Fee €0.00 1 EUR = 10.8449 MAD +1.14% vs mid-market Recipient gets MAD 75,914.30 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 10.8449 MAD
MAD 75,914.30You pay€7,000.00

Xe

Pay via Credit card
Fee €0.00 1 EUR = 10.8449 MAD +1.14% vs mid-market Recipient gets MAD 75,914.30 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 10.8449 MAD
MAD 75,914.30You pay€7,000.00
$0 fee on first online transfers

MoneyGram

Pay via Bank transfer
Fee €3.99 1 EUR = 10.8278 MAD +1.30% vs mid-market Recipient gets MAD 75,794.60 Minutes - 24 hours

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

MethodFee & ratesRecipient gets
Cash pickupMinutes - 24 hours
€3.991 EUR = 10.8278 MAD
MAD 75,794.60You pay€7,003.99
Bank depositMinutes - 24 hoursAvailable via:BMCE Bank, All Banks
€0.801 EUR = 10.8277 MAD
MAD 75,793.90You pay€7,000.80

Moneycorp

Pay via Bank transfer
Fee €0.00 1 EUR = 10.8160 MAD +1.40% vs mid-market Recipient gets MAD 75,711.74 Minutes - 2 days

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 2 days
Free1 EUR = 10.8160 MAD
MAD 75,711.74You pay€7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Bank transfer
Fee €31.75 1 EUR = 10.8469 MAD +1.12% vs mid-market Recipient gets MAD 75,584.07 Same day
Multi-currency cardReceive to bank account

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

MethodFee & ratesRecipient gets
Bank depositSame day
€31.751 EUR = 10.8469 MAD
MAD 75,584.07You pay€7,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

Wise

Pay via Bank transfer
Fee €145.26 1 EUR = 10.9647 MAD +0.04% vs mid-market Recipient gets MAD 75,160.17 Same day
Recommended
Multi-currency cardReceive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
€145.261 EUR = 10.9647 MAD
MAD 75,160.17You pay€7,000.00

Wise

Pay via iDEAL
Fee €155.09 1 EUR = 10.9647 MAD +0.04% vs mid-market Recipient gets MAD 75,052.38 Same day
Multi-currency cardReceive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
€155.091 EUR = 10.9647 MAD
MAD 75,052.38You pay€7,000.00

Deutsche Bank

Pay via Bank transfer
Fee €37.05 1 EUR = 10.7246 MAD +2.26% vs mid-market Recipient gets MAD 74,674.61 Minutes - 5 days
0 reviews

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

MethodFee & ratesRecipient gets
Bank depositMinutes - 5 days
€37.051 EUR = 10.7246 MAD
MAD 74,674.61You pay€7,000.00
Only available via Mobile App

WorldRemit

Pay via Debit card
Fee €1.99 1 EUR = 10.6661 MAD +2.81% vs mid-market Recipient gets MAD 74,641.26 Minutes - 2 days
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Cash pickupMinutes - 2 days
€1.991 EUR = 10.6661 MAD
MAD 74,641.26You pay€7,000.00
Card depositMinutes - 2 days
Free1 EUR = 10.6398 MAD
MAD 74,478.53You pay€7,000.00

Wise

Pay via Debit card
Fee €198.58 1 EUR = 10.9647 MAD +0.04% vs mid-market Recipient gets MAD 74,575.53 Same day
Multi-currency cardReceive 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
€198.581 EUR = 10.9647 MAD
MAD 74,575.53You pay€7,000.00

Wise

Pay via Credit card
Fee €239.33 1 EUR = 10.9647 MAD +0.04% vs mid-market Recipient gets MAD 74,128.72 Same day
Multi-currency cardReceive 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
€239.331 EUR = 10.9647 MAD
MAD 74,128.72You pay€7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Debit card
Fee €191.00 1 EUR = 10.8469 MAD +1.12% vs mid-market Recipient gets MAD 73,856.70 Within minutes
Multi-currency cardReceive to bank account

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
€191.001 EUR = 10.8469 MAD
MAD 73,856.70You pay€7,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

How Our Results Work
Mid-market rate: 1 EUR = 10.9695 MAD Updates every 60 minutes.

How to send money from Germany to Morocco

Pick a company

For a one-off transfer from Germany, I suggest picking the cheapest option which is Key Currency.

Key Currency was the cheapest on 26 of the 28 days it quoted €7,000 transfers to Morocco.

On a 7,000 EUR transfer, Key Currency delivers the most MAD.

This will change depending on how much you actually send, so I suggest running a live search to get the best EUR/MAD rate.

Fund your transfer

You have 4 ways to pay, including bank transfer, debit card, credit card, and iDEAL.

Verify and send

First time round you'll need a photo ID and proof of your German address.

Video identification is also normal and takes a few minutes.

Compare amounts

How much EUR are you sending to Morocco?

How much EUR 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 Key Currency was the cheapest in 91% of the transfers from €7,000 it quoted, and in 91% of all the transfers it quoted.

Cheapest service
€1,0000.31%€0.00MAD 10,940.00with debit card to cash pickup+MAD 143.99
€5,0000.50%€0.00MAD 54,587.41with bank transfer to bank deposit+MAD 632.05
€7,000This page0.25%€0.00MAD 76,594.79with bank transfer to bank deposit+MAD 1,028.56
€50,0000.20%€0.00MAD 547,627.50with bank transfer to bank deposit+MAD 6,724.87

Mid-market rate: 1 EUR = 10.9695 MAD

EUR/MAD Exchange Rate History

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

The cheapest way to send EUR 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 Key Currency), across 30 days of comparisons for 7,000 EUR transfers to Morocco.

MAD received for €7,000, after fees

Wed, 28 Oct 2026Mid-market rateMAD 76,786.76 Key Currency MAD 76,594.79 Deutsche Bank MAD 74,674.61Key CurrencyMAD 76,594.79Regency FXMAD 76,579.43OFXMAD 76,402.83Extra cost of a bankMAD 1,920.18

73.000
74.000
75.000
76.000
77.000
78.000
79.000
At the mid-market rateWith the cheapest optionWith a bankKey CurrencyRegency FXOFX
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9481 – MAD 76,636.69
Key Currency Cheapest 10.9207 €0.00 MAD 76,445.09 −MAD 191.60
Regency FX 10.9185 €0.00 MAD 76,429.77 −MAD 206.92
OFX 10.8934 €0.00 MAD 76,253.50 −MAD 383.19
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.0029 – MAD 77,020.19
Key Currency Cheapest 10.9754 €0.00 MAD 76,827.64 −MAD 192.55
Regency FX 10.9732 €0.00 MAD 76,812.24 −MAD 207.95
OFX 10.9479 €0.00 MAD 76,635.09 −MAD 385.10
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.0013 – MAD 77,008.87
Key Currency Cheapest 10.9738 €0.00 MAD 76,816.35 −MAD 192.52
Regency FX 10.9716 €0.00 MAD 76,800.95 −MAD 207.92
OFX 10.9463 €0.00 MAD 76,623.82 −MAD 385.05
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.0397 – MAD 77,277.84
Key Currency Cheapest 11.0121 €0.00 MAD 77,084.65 −MAD 193.19
Regency FX 11.0099 €0.00 MAD 77,069.19 −MAD 208.65
OFX 10.9845 €0.00 MAD 76,891.45 −MAD 386.39
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.1935 – MAD 78,354.44
Key Currency Cheapest 11.1655 €0.00 MAD 78,158.55 −MAD 195.89
Regency FX 11.1633 €0.00 MAD 78,142.88 −MAD 211.56
OFX 11.1375 €0.00 MAD 77,962.66 −MAD 391.78
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.1619 – MAD 78,132.99
Key Currency Cheapest 11.1340 €0.00 MAD 77,937.65 −MAD 195.34
Regency FX 11.1317 €0.00 MAD 77,922.03 −MAD 210.96
OFX 11.1060 €0.00 MAD 77,742.32 −MAD 390.66
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.1044 – MAD 77,730.63
MoneyGram Cheapest 11.1101 €9.99 MAD 77,770.70 +MAD 40.07
Key Currency 11.0766 €0.00 MAD 77,536.30 −MAD 194.32
Regency FX 11.0744 €0.00 MAD 77,520.75 −MAD 209.88
OFX 11.0489 €0.00 MAD 77,341.97 −MAD 388.65
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.1674 – MAD 78,171.84
Key Currency Cheapest 11.1395 €0.00 MAD 77,976.41 −MAD 195.43
Regency FX 11.1373 €0.00 MAD 77,960.78 −MAD 211.06
OFX 11.1116 €0.00 MAD 77,780.98 −MAD 390.86
Deutsche Bank 10.9393 €37.05 MAD 76,169.78 −MAD 2,002.06
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.1905 – MAD 78,333.29
Key Currency Cheapest 11.1625 €0.00 MAD 78,137.46 −MAD 195.83
Regency FX 11.1603 €0.00 MAD 78,121.79 −MAD 211.50
OFX 11.1345 €0.00 MAD 77,941.62 −MAD 391.67
Deutsche Bank 10.9393 €37.05 MAD 76,169.78 −MAD 2,163.51
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.1567 – MAD 78,097.19
Key Currency Cheapest 11.1288 €0.00 MAD 77,901.94 −MAD 195.25
Regency FX 11.1266 €0.00 MAD 77,886.32 −MAD 210.87
OFX 11.1010 €0.00 MAD 77,706.70 −MAD 390.49
Deutsche Bank 10.9142 €37.05 MAD 75,994.99 −MAD 2,102.20
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.1519 – MAD 78,063.41
Key Currency Cheapest 11.1240 €0.00 MAD 77,868.25 −MAD 195.16
Regency FX 11.1218 €0.00 MAD 77,852.64 −MAD 210.77
OFX 11.0962 €0.00 MAD 77,673.09 −MAD 390.32
Deutsche Bank 10.9142 €37.05 MAD 75,994.99 −MAD 2,068.42
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.0179 – MAD 77,125.17
Key Currency Cheapest 10.9903 €0.00 MAD 76,932.35 −MAD 192.82
Regency FX 10.9881 €0.00 MAD 76,916.93 −MAD 208.24
OFX 10.9628 €0.00 MAD 76,739.54 −MAD 385.63
Deutsche Bank 10.6415 €37.05 MAD 74,096.23 −MAD 3,028.94
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.0179 – MAD 77,125.17
Key Currency Cheapest 10.9903 €0.00 MAD 76,932.35 −MAD 192.82
Regency FX 10.9881 €0.00 MAD 76,916.93 −MAD 208.24
OFX 10.9628 €0.00 MAD 76,739.54 −MAD 385.63
Deutsche Bank 10.6415 €37.05 MAD 74,096.23 −MAD 3,028.94
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9992 – MAD 76,994.38
Key Currency Cheapest 10.9717 €0.00 MAD 76,801.89 −MAD 192.49
Regency FX 10.9695 €0.00 MAD 76,786.49 −MAD 207.89
OFX 10.9442 €0.00 MAD 76,609.41 −MAD 384.97
Deutsche Bank 10.6572 €37.05 MAD 74,205.38 −MAD 2,789.00
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.8400 – MAD 75,879.66
Key Currency Cheapest 10.8129 €0.00 MAD 75,689.96 −MAD 189.70
Regency FX 10.8107 €0.00 MAD 75,674.78 −MAD 204.88
OFX 10.7858 €0.00 MAD 75,500.26 −MAD 379.40
Deutsche Bank 10.5999 €37.05 MAD 73,806.66 −MAD 2,073.00
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9355 – MAD 76,548.24
Key Currency Cheapest 10.9081 €0.00 MAD 76,356.87 −MAD 191.37
Regency FX 10.9059 €0.00 MAD 76,341.56 −MAD 206.68
OFX 10.8808 €0.00 MAD 76,165.50 −MAD 382.74
Deutsche Bank 10.7278 €37.05 MAD 74,697.33 −MAD 1,850.91
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.0246 – MAD 77,172.13
Key Currency Cheapest 10.9970 €0.00 MAD 76,979.20 −MAD 192.93
Regency FX 10.9948 €0.00 MAD 76,963.77 −MAD 208.36
OFX 10.9695 €0.00 MAD 76,786.27 −MAD 385.86
Deutsche Bank 10.7278 €37.05 MAD 74,697.33 −MAD 2,474.80
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.0146 – MAD 77,102.29
TapTap Send Cheapest 11.0000 €0.00 MAD 77,000.00 −MAD 102.29
Key Currency 10.9871 €0.00 MAD 76,909.54 −MAD 192.75
Regency FX 10.9849 €0.00 MAD 76,894.11 −MAD 208.18
OFX 10.9595 €0.00 MAD 76,716.78 −MAD 385.51
Deutsche Bank 10.6791 €37.05 MAD 74,358.32 −MAD 2,743.97
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
MoneyGram Cheapest 10.8714 €3.99 MAD 76,099.80 –
Deutsche Bank 10.6791 €37.05 MAD 74,358.32 –
Key Currency No quote collected this day – – – –
Regency FX No quote collected this day – – – –
OFX No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9334 – MAD 76,533.68
Key Currency Cheapest 10.9060 €0.00 MAD 76,342.35 −MAD 191.33
Regency FX 10.9039 €0.00 MAD 76,327.04 −MAD 206.64
OFX 10.8787 €0.00 MAD 76,151.01 −MAD 382.67
Deutsche Bank 10.6978 €37.05 MAD 74,488.25 −MAD 2,045.43
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9395 – MAD 76,576.71
Key Currency Cheapest 10.9122 €0.00 MAD 76,385.27 −MAD 191.44
Regency FX 10.9100 €0.00 MAD 76,369.95 −MAD 206.76
OFX 10.8848 €0.00 MAD 76,193.83 −MAD 382.88
Deutsche Bank 10.7095 €37.05 MAD 74,569.98 −MAD 2,006.73
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9856 – MAD 76,899.13
Key Currency Cheapest 10.9581 €0.00 MAD 76,706.88 −MAD 192.25
Regency FX 10.9559 €0.00 MAD 76,691.50 −MAD 207.63
OFX 10.9307 €0.00 MAD 76,514.63 −MAD 384.50
Deutsche Bank 10.7095 €37.05 MAD 74,569.98 −MAD 2,329.15
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9757 – MAD 76,830.19
Key Currency Cheapest 10.9483 €0.00 MAD 76,638.11 −MAD 192.08
Regency FX 10.9461 €0.00 MAD 76,622.75 −MAD 207.44
OFX 10.9209 €0.00 MAD 76,446.04 −MAD 384.15
Deutsche Bank 10.7366 €37.05 MAD 74,758.30 −MAD 2,071.89
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.0385 – MAD 77,269.83
Key Currency Cheapest 11.0110 €0.00 MAD 77,076.65 −MAD 193.18
Regency FX 11.0087 €0.00 MAD 77,061.20 −MAD 208.63
OFX 10.9834 €0.00 MAD 76,883.48 −MAD 386.35
Deutsche Bank 10.7333 €37.05 MAD 74,735.48 −MAD 2,534.35
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9989 – MAD 76,992.58
Key Currency Cheapest 10.9714 €0.00 MAD 76,800.10 −MAD 192.48
Regency FX 10.9692 €0.00 MAD 76,784.70 −MAD 207.88
OFX 10.9439 €0.00 MAD 76,607.62 −MAD 384.96
Deutsche Bank 10.7333 €37.05 MAD 74,735.48 −MAD 2,257.10
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
MoneyGram Cheapest 10.9228 €9.99 MAD 76,459.60 –
Deutsche Bank 10.7448 €37.05 MAD 74,815.51 –
Key Currency No quote collected this day – – – –
Regency FX No quote collected this day – – – –
OFX No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9957 – MAD 76,969.65
Key Currency Cheapest 10.9682 €0.00 MAD 76,777.22 −MAD 192.43
Regency FX 10.9660 €0.00 MAD 76,761.83 −MAD 207.82
OFX 10.9407 €0.00 MAD 76,584.80 −MAD 384.85
Deutsche Bank 10.7448 €37.05 MAD 74,815.51 −MAD 2,154.14
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9925 – MAD 76,947.33
Key Currency Cheapest 10.9650 €0.00 MAD 76,754.96 −MAD 192.37
Regency FX 10.9628 €0.00 MAD 76,739.57 −MAD 207.76
OFX 10.9375 €0.00 MAD 76,562.60 −MAD 384.73
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9861 – MAD 76,902.95
Key Currency Cheapest 10.9587 €0.00 MAD 76,710.69 −MAD 192.26
Regency FX 10.9565 €0.00 MAD 76,695.31 −MAD 207.64
OFX 10.9312 €0.00 MAD 76,518.43 −MAD 384.52
Deutsche Bank 10.7497 €37.05 MAD 74,849.29 −MAD 2,053.66
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9695 – MAD 76,786.76
Key Currency Cheapest 10.9421 €0.00 MAD 76,594.79 −MAD 191.97
Regency FX 10.9399 €0.00 MAD 76,579.43 −MAD 207.33
OFX 10.9147 €0.00 MAD 76,402.83 −MAD 383.93
Deutsche Bank 10.7246 €37.05 MAD 74,674.61 −MAD 2,112.15

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send €7,000, after fees, as quoted by each company. The mid-market line shows what €7,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. The bank line is the cheapest bank available on each day.

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 EUR 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 1 of the last 30 days.

Right now, Key Currency pays 76,594.79 MAD on 7,000 EUR, which is 191.97 MAD less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 78,158.55 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.

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 78 comparisons to check how often today's top companies were the cheapest across 4 amounts over the past month.

  1. Key CurrencyAppeared in 43 comparisons

    Cheapest in 91% of them

  2. Regency FXAppeared in 43 comparisons

    Never the cheapest

  3. OFXAppeared in 75 comparisons

    Cheapest in 15% of them

  4. Deutsche BankAppeared in 68 comparisons

    Never the cheapest

Based on 78 comparisons across 4 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 analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Key Currency is the cheapest and gets you the most MAD, and it was also the cheapest in 91% of the 43 comparisons it appeared in over the past month.

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

Regency FX (today's second cheapest) was the cheapest in only 0% of its comparisons, so it's rarely the cheapest option for transfers to Morocco.

Ways to send money from Germany to Morocco

There are 12 companies for sending money from Germany to Morocco, across app, broker, online, global account, multi-currency account, in person, and bank, and more below.

Fastest and easiest way

Online and app transfers

Within the eurozone, SEPA covers all transfers, but outside, it gets very expensive and money transfer companies make it cheaper.

Sending €7,000 with MoneyGram to Morocco gets you 76,353.9 MAD with a €9.99 fee and 0.57% markup.

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

Debit cards (and Apple Pay / Google Pay) usually have instant deposits, but your girocard usually won't work as a funding method.

For paying in cash at a counter

In-person transfers

There's no legal limit on how much you can send, so the counter in the kiosk, the callshop or the grocery store is still a popular way to send money internationally.

Deposit €7,000 to MoneyGram online, and choose cash pickup as delivery option. Once you pay, it should be available in minutes.

Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.

In general, online transfers are cheaper than sending cash to Morocco.

For Euro transfers only

Banks

Inside the eurozone, banks use a SEPA transfer which is cheap or free and there's little reason to look further.

Outside the eurozone, banks like Deutsche Bank are much more expensive.

On a €7,000 transfer, Deutsche Bank delivers 74,674.61 MAD vs 76,594.79 MAD with Key Currency.

We found Deutsche Bank was the cheapest bank on 22 of the 22 days it appeared for this amount.

For large transfers from Germany

Currency brokers

For buying property, moving to Morocco, or moving pensions, a currency broker is the best option.

A broker like Key Currency charges no fee and works on a margin. It adds 0.25% on EUR/MAD which gets negotiated the more you send.

And you get an account manager to help you through the process.

Our analysis shows Key Currency was the cheapest broker in 100% of the transfers from €7,000 it quoted.

For some international payments above €50,000, German residents may need to file an AWV report with the Bundesbank, make sure to check in advance.

For making business payments

Global accounts

Global accounts are for businesses making payments to Morocco.

Be it overseas suppliers and contractors, receiving MAD payments, or holding MAD and EUR in one business account.

Companies like Airwallex, WorldFirst, or Wise Business offer the best tools for international business transfers.

For spending & receiving

Multi-currency accounts

A multi-currency account lets you hold EUR and MAD in one account.

You get MAD bank details, and can receive international payments like rent, dividends, family payments without additional conversions.

You can convert MAD to EUR or EUR to MAD whenever you need.

The best multi-currency account is Revolut, it adds ~1.12% markup and charges small fees.

Over the past month, it came out cheapest among multi-currency accounts on 76% of days.

Ways to fund EUR and receive MAD in Morocco

With Key Currency, paying by bank transfer and receiving through bank deposit is the cheapest way. Sending €7,000 gives your recipient 76,594.79 MAD.

Our data shows that Key Currency gets your recipient 1,920.18 MAD more than Deutsche Bank, today's cheapest bank, on the same €7,000.

You can pay for the transfer using bank transfer, debit card, credit card, and iDEAL.

Using German bank

A SEPA bank transfer is usually the cheapest way to deposit EUR.

An instant SEPA payment can reduce funding time, but it does not guarantee instant delivery to Morocco.

The recipient in Morocco can receive MAD by bank deposit, cash pickup, card deposit, mobile money, and mobile wallet.

To receive MAD by bank deposit

Enter the recipient's banking details and account holder's name.

Check both before sending because correcting a bank deposit will delay the transfer.

They can receive cash in Morocco

For cash pickup, the recipient needs to visit the nearest MoneyGram branch and bring a valid photo ID and the transfer reference number.

  1. 1
    Bank transfer Bank deposit

    You pay €7,000.00

    DH76,595

    Cheapest

  2. 2
    Debit card Card deposit

    You pay €7,009.99

    DH76,354

    -DH241

  3. 3
    Credit card Card deposit

    You pay €7,009.99

    DH76,354

    -DH241

  4. 4
    Debit card Bank deposit

    You pay €7,000.00

    DH76,097

    -DH498

  5. 5
    Debit card Cash pickup

    You pay €7,002.50

    DH76,020

    -DH575

Show moreShow less
  1. 6
    Debit card Mobile money

    You pay €7,000.00

    DH76,020

    -DH575

  2. 7
    Debit card Mobile wallet

    You pay €7,002.50

    DH76,020

    -DH575

  3. 8
    Credit card Bank deposit

    You pay €7,000.00

    DH75,914

    -DH680

  4. 9
    Bank transfer Cash pickup

    You pay €7,003.99

    DH75,795

    -DH800

  5. 10
    Credit card Cash pickup

    You pay €7,003.99

    DH75,795

    -DH800

  6. 11
    iDEAL Bank deposit

    You pay €7,000.00

    DH75,052

    -DH1,542

Things to know before sending money from Germany to Morocco

The main question in Germany is whether you are sending euros inside SEPA or converting them. Large cross-border payments can also create a Bundesbank reporting duty.

Compare EUR/MAD transfer options

For a €7,000 transfer to Morocco, these are the best options:

Cheapest way to send money to Morocco

The cheapest option is Key Currency, funded by bank transfer with bank deposit for the payout. Your recipient gets 76,594.79 MAD, which is 0.02% more than the next best option.

Fastest way to send money to Morocco

The fastest option is TapTap Send. Pay by debit card and choose bank deposit for the payout. Your recipient gets 76,020 MAD in minutes.

Transfers over €50,000 may get reported

Germany's AWV reporting threshold is €50,000.

A German resident may need to report a payment above that amount to the Bundesbank when it is made to a non-resident.

It is a statistics report, not a tax or permission request.

Transfers between your own domestic and foreign accounts are exempt, and other exemptions apply depending on the payment purpose.

The automated AWV notice shown by a bank does not mean every transfer is reportable.

The Bundesbank guidance for private individuals explains who reports, what is exempt and how to file.

SEPA and SWIFT are different

If the recipient has a euro account in the SEPA area, a normal SEPA payment can be the simplest option.

A payment converted into MAD sits outside that pricing rule and may involve another bank or payout partner.

Check whether the quote uses SHA, OUR or BEN charges on a bank transfer.

This decides whether intermediary costs are shared, paid by you or deducted from what the recipient receives.

How we analyse the market

Nothing reaches this table without going through our review first, and every company is BaFin-registered or passported into Germany.

We then track 12 of them on EUR to Morocco, comparing rates, fees and the pay-in and payout options.

In the past 30 days alone, we analysed 78 comparisons across 4 amounts.

This page covers the cheapest and fastest options for EUR/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.

More on who we are, why you can trust us and how to get started.

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