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

Comparing based on your specific needs is the best way to send money from Germany to Morocco with confidence.

For EUR/MAD

• Wise is our top pick for sending Euro to Morocco. For example, sending 7,000 EUR to MAD will cost you €145.26 in fees, and you will receive 74,004.46 MAD.

• We would recommend Key Currency for low cost, affordable transfers from Moroccan Dirhams to Morocco. We found that Key Currency is 0.02% cheaper than the second-best option. The cost is a combination of a fee of 0 EUR and an exchange rate for converting Euro to Moroccan Dirham that is 0.25% different to the mid-market rate.

• Fastest way to send money to Morocco from Germany is with Taptap Send. For example, if you send 7,000 EUR with Taptap Send to Morocco, the transfer time is minuten based on our data.

Our analysis, and search results, include 10 providers that operate between Germany and Morocco. These are ranked by speed, overall cost and ease of use.

Through this, you get a comprehensive view of all the options you have in Germany when you need to send money to Morocco.

The exchange rate determines the price you’ll pay for Moroccan Dirham when you send Euro to Morocco.

The current exchange rate between the Euro and Moroccan Dirham is 10.7915, and it constantly fluctuates.

When calculating the cost of sending money from Germany to Morocco, a combination of fees and exchange rates ensure the best deal:

• The Mid-Market and Exchange Rates: The current EUR-MAD mid-market rate is 10.7915 MAD per Euro. Finding a provider as close to this number as possible will ensure more Moroccan Dirham for your money.

• Fees: Transfer fees are charged on top of a transfer. Key Currency currently offers the lowest fees of 0 EUR per transfer (based on €7,000 transfer). Although, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The total amount received in Moroccan Dirham is the biggest indicator in the total cost of sending money to Germany from Morocco. The higher the total amount received in Morocco, the lower the cost of sending from Germany.

It’s possible that waiting a day or two can help you get more MAD for the same amount of Euro. But, the best way to lock in a price between Germany and Morocco is by using a forward contract.

A bank transfer is our recommended option for money transfers between Germany and Morocco. Key Currency offers the best price on a bank transfer.

Here are all the ways to send money from Germany to Morocco:

Bank transfers

Bank transfers are often the best payment method for money transfers from Germany to Morocco.

A money transfer company like Key Currency offer bank transfers between Germany and Morocco with lower fees and better exchange rates than you would get from a traditional bank.

On average, Key Currency is the cheapest provider for bank transfers of the 10 we tested when sending EUR to Morocco.

Debit and prepaid cards

Sending money from Germany to Morocco with a debit or a prepaid card is very simple with Wise.


Wise is a leader in debit card payments for transfers from Germany to Morocco, competing among a total of 10 active money transfer companies on this route.

Credit cards

We recommend avoiding credit cards where possible due to a lack of support and high fees.

If you have to use a credit card, we recommend comparing your options to find the company with the lowest fees.

Always choose providers that are regulated by financial authorities in both Germany and Morocco to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between Germany and Morocco.

Some services have minimum or maximum thresholds on how much you can transfer from Germany to Morocco.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Wise if you need to send large amounts of EUR to Morocco. The combination of rates and fees when sending to Morocco is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Germany, or entering Morocco. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in Morocco. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from Germany to Morocco will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from Germany into Moroccan Dirham. Wise is the best company for bank transfers between Germany and Morocco.

And if you need cash right away, check if cash pickup is an option for transfers between Germany and Morocco.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Key Currency.

When signing up to a money transfer company to send between Germany and Morocco, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in Germany this will be a government ID like a passport or driver's license. In Morocco it will be a similar set of documents, although this should only be needed if you are opening a new account in Morocco, or collecting in cash.

Big transactions between Germany and Morocco, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Wise in part due to their easy sign up process in Germany.

When sending large amounts of money between Germany and Morocco there will be tax implications to consider.

Some transfers into Moroccan Dirham may need to be reported to tax authorities in Morocco, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in Morocco based on age, income and a few other elements. When in doubt, please contact a tax professional in Germany or Morocco to discuss your personal circumstances.