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

TapTap Send is the fastest way to send money from Spain to Morocco, and its delivery time is minutes.

For the cheapest option, Key Currency will get you 76,481.87 MAD on a 7,000 EUR transfer.

Best companies for EUR/MAD transfers

11 of 11 providers

Last updated on 10 November 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 = 10.9597 MAD -0.06% vs mid-market Recipient gets MAD 75,125.89 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 = 10.9597 MAD
MAD 75,125.89You pay€7,000.00
Promoted

Xe

Pay via Debit card
Fee €0.00 1 EUR = 10.8003 MAD +1.41% vs mid-market Recipient gets MAD 75,602.10 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 = 10.8003 MAD
MAD 75,602.10You pay€7,000.00

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Showing top Spain 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 = 10.9260 MAD +0.25% vs mid-market Recipient gets MAD 76,481.87 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 = 10.9260 MAD
MAD 76,481.87You pay€7,000.00
Exclusive: First Transfer Deal

Regency FX

Pay via Bank transfer
Fee €0.00 1 EUR = 10.9238 MAD +0.27% vs mid-market Recipient gets MAD 76,466.54 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 = 10.9238 MAD
MAD 76,466.54You pay€7,000.00
Only available via Mobile App

Sendwave

Pay via Debit card
Fee €0.00 1 EUR = 10.9193 MAD +0.31% vs mid-market Recipient gets MAD 76,434.89 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 = 10.9193 MAD
MAD 76,434.89You pay€7,000.00
Cash pickupMinutes - 3 days
Free1 EUR = 10.8590 MAD
MAD 76,013.21You pay€7,000.00

OFX

Pay via Bank transfer
Fee €0.00 1 EUR = 10.8986 MAD +0.50% vs mid-market Recipient gets MAD 76,290.19 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 = 10.8986 MAD
MAD 76,290.19You pay€7,000.00

TapTap Send

Pay via Debit card
Fee €0.00 1 EUR = 10.8700 MAD +0.76% vs mid-market Recipient gets MAD 76,090.00 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 = 10.8700 MAD
MAD 76,090.00You pay€7,000.00
Mobile moneyMinutesAvailable via:DamaneCash, Orange
Free1 EUR = 10.8700 MAD
MAD 76,090.00You pay€7,000.00
Cash pickupMinutesAvailable via:Al Barid Bank, Barid Cash, Cash Plus, Wafacash
€2.501 EUR = 10.8700 MAD
MAD 76,090.00You pay€7,002.50
Mobile walletMinutesAvailable via:LanaCash
€2.501 EUR = 10.8700 MAD
MAD 76,090.00You pay€7,002.50
$0 fee on first online transfers

MoneyGram

Pay via Debit card
Fee €2.99 1 EUR = 10.8539 MAD +0.91% vs mid-market Recipient gets MAD 75,977.30 Minutes - 24 hours

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

MethodFee & ratesRecipient gets
Cash pickupMinutes - 24 hours
€2.991 EUR = 10.8539 MAD
MAD 75,977.30You pay€7,002.99
Bank depositMinutes - 24 hoursAvailable via:All Banks, BMCE Bank
€0.991 EUR = 10.8008 MAD
MAD 75,605.60You pay€7,000.99
Card depositMinutes - 24 hoursAvailable via:Bank Debit Card
€6.401 EUR = 10.6422 MAD
MAD 74,495.40You pay€7,006.40
$0 fee on first online transfers

MoneyGram

Pay via Credit card
Fee €2.99 1 EUR = 10.8539 MAD +0.91% vs mid-market Recipient gets MAD 75,977.30 Minutes - 24 hours

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

MethodFee & ratesRecipient gets
Cash pickupMinutes - 24 hours
€2.991 EUR = 10.8539 MAD
MAD 75,977.30You pay€7,002.99
Bank depositMinutes - 24 hoursAvailable via:All Banks, BMCE Bank
€0.991 EUR = 10.8008 MAD
MAD 75,605.60You pay€7,000.99
Card depositMinutes - 24 hoursAvailable via:Bank Debit Card
€6.401 EUR = 10.6422 MAD
MAD 74,495.40You pay€7,006.40
$0 fee on first online transfers

MoneyGram

Pay via Bank transfer
Fee €2.99 1 EUR = 10.8539 MAD +0.91% vs mid-market Recipient gets MAD 75,977.30 Minutes - 24 hours

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

MethodFee & ratesRecipient gets
Cash pickupMinutes - 24 hours
€2.991 EUR = 10.8539 MAD
MAD 75,977.30You pay€7,002.99
Bank depositMinutes - 24 hoursAvailable via:BMCE Bank, All Banks
€0.991 EUR = 10.8008 MAD
MAD 75,605.60You pay€7,000.99

Xe

Pay via Debit card
Fee €0.00 1 EUR = 10.8003 MAD +1.41% vs mid-market Recipient gets MAD 75,602.10 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 = 10.8003 MAD
MAD 75,602.10You pay€7,000.00

Xe

Pay via Bank transfer
Fee €0.00 1 EUR = 10.8003 MAD +1.41% vs mid-market Recipient gets MAD 75,602.10 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 = 10.8003 MAD
MAD 75,602.10You pay€7,000.00

Xe

Pay via Credit card
Fee €0.00 1 EUR = 10.8003 MAD +1.41% vs mid-market Recipient gets MAD 75,602.10 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 = 10.8003 MAD
MAD 75,602.10You pay€7,000.00

Moneycorp

Pay via Bank transfer
Fee €0.00 1 EUR = 10.8000 MAD +1.40% vs mid-market Recipient gets MAD 75,600.13 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 = 10.8000 MAD
MAD 75,600.13You pay€7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Bank transfer
Fee €62.80 1 EUR = 10.8492 MAD +0.96% vs mid-market Recipient gets MAD 75,263.36 Within an hour
Multi-currency cardReceive to bank account

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

MethodFee & ratesRecipient gets
Bank depositWithin an hour
€62.801 EUR = 10.8492 MAD
MAD 75,263.36You 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 = 10.9597 MAD -0.06% vs mid-market Recipient gets MAD 75,125.89 Same day
Our top pick
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 = 10.9597 MAD
MAD 75,125.89You pay€7,000.00

Wise

Pay via iDEAL
Fee €155.09 1 EUR = 10.9597 MAD -0.06% vs mid-market Recipient gets MAD 75,018.16 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 = 10.9597 MAD
MAD 75,018.16You pay€7,000.00
Only available via Mobile App

WorldRemit

Pay via Debit card
Fee €0.00 1 EUR = 10.6827 MAD +2.50% vs mid-market Recipient gets MAD 74,778.90 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
Free1 EUR = 10.6827 MAD
MAD 74,778.90You pay€7,000.00
Card depositMinutes - 2 days
Free1 EUR = 10.5359 MAD
MAD 73,751.44You pay€7,000.00

Wise

Pay via Debit card
Fee €198.58 1 EUR = 10.9597 MAD -0.06% vs mid-market Recipient gets MAD 74,541.52 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 = 10.9597 MAD
MAD 74,541.52You pay€7,000.00

Wise

Pay via Credit card
Fee €239.33 1 EUR = 10.9597 MAD -0.06% vs mid-market Recipient gets MAD 74,094.91 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 = 10.9597 MAD
MAD 74,094.91You pay€7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Debit card
Fee €221.00 1 EUR = 10.8492 MAD +0.96% vs mid-market Recipient gets MAD 73,547.01 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
€221.001 EUR = 10.8492 MAD
MAD 73,547.01You 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 = 10.9534 MAD Updates every 60 minutes.

How to send money from Spain to Morocco

Pick a company

For a one-off transfer from Spain to Morocco, I suggest picking Key Currency, it will get you the most MAD.

Key Currency was the cheapest on 13 of the 30 days it quoted €7,000 transfers to Morocco.

The best option will change depending on the amount, so it's good to to get the best EUR/MAD rate today.

Fund your transfer

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

Bizum only works between Spanish accounts and caps at €1,000 per transfer (some banks set it lower), which is why these companies exist in the first place.

Verify and send

First time round you'll need your DNI, or your NIE if you're not Spanish, and a proof of address.

An empadronamiento certificate covers the address if you don't have a bill in your name yet.

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 54% of the transfers from €5,000 it quoted, and in 54% of all the transfers it quoted.

Cheapest service
€500-1.05%€0.00MAD 5,527.43with debit card to bank deposit+MAD 148.97
€1,0000.18%€0.00MAD 10,920.85with debit card to bank deposit+MAD 160.56
€2,0000.17%€0.00MAD 21,841.70with debit card to bank deposit+MAD 285.91
€5,0000.20%€0.00MAD 54,604.26with debit card to bank deposit+MAD 687.51
€7,000This page0.25%€0.00MAD 76,481.87with bank transfer to bank deposit+MAD 983.37
€10,0000.25%€0.00MAD 109,259.82with bank transfer to bank deposit+MAD 1,360.80

Mid-market rate: 1 EUR = 10.9534 MAD

EUR/MAD Exchange Rate History

Is today a good time to send money from Spain 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

Tue, 10 Nov 2026Mid-market rateMAD 76,673.56 Key Currency MAD 76,481.87Key CurrencyMAD 76,481.87Regency FXMAD 76,466.54SendwaveMAD 76,434.89

75.500
76.000
76.500
77.000
77.500
At the mid-market rateWith the cheapest optionKey CurrencyRegency FXSendwave
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9954 – MAD 76,967.54
Key Currency Cheapest 10.9679 €0.00 MAD 76,775.12 −MAD 192.42
Regency FX 10.9657 €0.00 MAD 76,759.73 −MAD 207.81
Sendwave 10.8966 €0.00 MAD 76,276.55 −MAD 690.99
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.8350 – MAD 75,844.89
Sendwave Cheapest 10.8633 €0.00 MAD 76,042.96 +MAD 198.07
Key Currency 10.8079 €0.00 MAD 75,655.28 −MAD 189.61
Regency FX 10.8057 €0.00 MAD 75,640.11 −MAD 204.78
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.8456 – MAD 75,919.05
TapTap Send Cheapest 10.9500 €0.00 MAD 76,650.00 +MAD 730.95
Key Currency 10.8185 €0.00 MAD 75,729.25 −MAD 189.80
Regency FX 10.8163 €0.00 MAD 75,714.06 −MAD 204.99
Sendwave No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9780 – MAD 76,846.26
TapTap Send Cheapest 11.0000 €0.00 MAD 77,000.00 +MAD 153.74
Key Currency 10.9506 €0.00 MAD 76,654.14 −MAD 192.12
Regency FX 10.9484 €0.00 MAD 76,638.77 −MAD 207.49
Sendwave 10.9001 €0.00 MAD 76,300.91 −MAD 545.35
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.0207 – MAD 77,144.80
TapTap Send Cheapest 11.0000 €0.00 MAD 77,000.00 −MAD 144.79
Key Currency 10.9931 €0.00 MAD 76,951.93 −MAD 192.87
Regency FX 10.9909 €0.00 MAD 76,936.50 −MAD 208.29
Sendwave No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9334 – MAD 76,533.68
Sendwave Cheapest 10.9174 €0.00 MAD 76,421.80 −MAD 111.88
Key Currency 10.9060 €0.00 MAD 76,342.35 −MAD 191.33
Regency FX 10.9039 €0.00 MAD 76,327.04 −MAD 206.64
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9334 – MAD 76,533.68
Sendwave Cheapest 10.9174 €0.00 MAD 76,421.80 −MAD 111.88
Key Currency 10.9060 €0.00 MAD 76,342.35 −MAD 191.33
Regency FX 10.9039 €0.00 MAD 76,327.04 −MAD 206.64
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9272 – MAD 76,490.12
Sendwave Cheapest 10.9230 €0.00 MAD 76,461.07 −MAD 29.05
Key Currency 10.8998 €0.00 MAD 76,298.89 −MAD 191.23
Regency FX 10.8977 €0.00 MAD 76,283.60 −MAD 206.52
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9869 – MAD 76,908.41
Key Currency Cheapest 10.9594 €0.00 MAD 76,716.13 −MAD 192.27
Regency FX 10.9573 €0.00 MAD 76,700.75 −MAD 207.65
Sendwave No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9738 – MAD 76,816.85
Key Currency Cheapest 10.9464 €0.00 MAD 76,624.81 −MAD 192.04
Regency FX 10.9442 €0.00 MAD 76,609.45 −MAD 207.40
Sendwave No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.0299 – MAD 77,209.05
Key Currency Cheapest 11.0023 €0.00 MAD 77,016.03 −MAD 193.02
Regency FX 11.0001 €0.00 MAD 77,000.58 −MAD 208.47
Sendwave No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9821 – MAD 76,874.55
Sendwave Cheapest 10.9825 €0.00 MAD 76,877.29 +MAD 2.74
Key Currency 10.9546 €0.00 MAD 76,682.36 −MAD 192.19
Regency FX 10.9524 €0.00 MAD 76,666.98 −MAD 207.57
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9957 – MAD 76,969.65
Sendwave Cheapest 10.9683 €0.00 MAD 76,778.03 −MAD 191.62
Key Currency 10.9682 €0.00 MAD 76,777.22 −MAD 192.43
Regency FX 10.9660 €0.00 MAD 76,761.83 −MAD 207.82
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
Sendwave No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9866 – MAD 76,906.08
Key Currency Cheapest 10.9591 €0.00 MAD 76,713.82 −MAD 192.26
Regency FX 10.9569 €0.00 MAD 76,698.43 −MAD 207.65
Sendwave No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9821 – MAD 76,874.83
Sendwave Cheapest 10.9547 €0.00 MAD 76,683.11 −MAD 191.72
Key Currency 10.9547 €0.00 MAD 76,682.65 −MAD 192.18
Regency FX 10.9525 €0.00 MAD 76,667.27 −MAD 207.56
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9787 – MAD 76,850.82
Key Currency Cheapest 10.9512 €0.00 MAD 76,658.69 −MAD 192.13
Regency FX 10.9490 €0.00 MAD 76,643.32 −MAD 207.50
Sendwave 10.9308 €0.00 MAD 76,515.46 −MAD 335.36
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9393 – MAD 76,575.06
TapTap Send Cheapest 11.0000 €0.00 MAD 77,000.00 +MAD 424.94
Sendwave 10.9372 €0.00 MAD 76,560.33 −MAD 14.73
Key Currency 10.9119 €0.00 MAD 76,383.62 −MAD 191.44
Regency FX 10.9098 €0.00 MAD 76,368.31 −MAD 206.75
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.0114 – MAD 77,079.74
Key Currency Cheapest 10.9839 €0.00 MAD 76,887.04 −MAD 192.70
Regency FX 10.9817 €0.00 MAD 76,871.62 −MAD 208.12
Sendwave 10.9450 €0.00 MAD 76,614.93 −MAD 464.81
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.0045 – MAD 77,031.18
Key Currency Cheapest 10.9769 €0.00 MAD 76,838.60 −MAD 192.58
Regency FX 10.9747 €0.00 MAD 76,823.19 −MAD 207.99
Sendwave 10.9471 €0.00 MAD 76,629.98 −MAD 401.20
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.0045 – MAD 77,031.18
Key Currency Cheapest 10.9769 €0.00 MAD 76,838.60 −MAD 192.58
Regency FX 10.9747 €0.00 MAD 76,823.19 −MAD 207.99
Sendwave 10.9471 €0.00 MAD 76,629.98 −MAD 401.20
Exchange rateFeeRecipient getsDifference
Mid-market rate 11.0489 – MAD 77,341.98
Key Currency Cheapest 11.0212 €0.00 MAD 77,148.62 −MAD 193.36
Regency FX 11.0190 €0.00 MAD 77,133.15 −MAD 208.83
Sendwave 10.9641 €0.00 MAD 76,748.35 −MAD 593.63
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9997 – MAD 76,997.80
TapTap Send Cheapest 11.0000 €0.00 MAD 77,000.00 +MAD 2.21
Key Currency 10.9722 €0.00 MAD 76,805.30 −MAD 192.49
Regency FX 10.9700 €0.00 MAD 76,789.90 −MAD 207.90
Sendwave 10.9558 €0.00 MAD 76,690.95 −MAD 306.85
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9925 – MAD 76,947.77
TapTap Send Cheapest 11.0000 €0.00 MAD 77,000.00 +MAD 52.23
Sendwave 10.9719 €0.00 MAD 76,803.37 −MAD 144.40
Key Currency 10.9651 €0.00 MAD 76,755.40 −MAD 192.37
Regency FX 10.9629 €0.00 MAD 76,740.01 −MAD 207.76
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9833 – MAD 76,883.03
TapTap Send Cheapest 11.0000 €0.00 MAD 77,000.00 +MAD 116.97
Key Currency 10.9558 €0.00 MAD 76,690.82 −MAD 192.21
Regency FX 10.9536 €0.00 MAD 76,675.45 −MAD 207.58
Sendwave 10.9472 €0.00 MAD 76,630.12 −MAD 252.91
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9066 – MAD 76,346.48
TapTap Send Cheapest 11.0000 €0.00 MAD 77,000.00 +MAD 653.52
Key Currency 10.8794 €0.00 MAD 76,155.61 −MAD 190.87
Regency FX 10.8772 €0.00 MAD 76,140.34 −MAD 206.14
Sendwave 10.8644 €0.00 MAD 76,051.01 −MAD 295.47
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.8803 – MAD 76,162.15
TapTap Send Cheapest 11.0000 €0.00 MAD 77,000.00 +MAD 837.85
Key Currency 10.8531 €0.00 MAD 75,971.74 −MAD 190.41
Regency FX 10.8509 €0.00 MAD 75,956.51 −MAD 205.64
Sendwave 10.8368 €0.00 MAD 75,857.88 −MAD 304.27
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9218 – MAD 76,452.62
TapTap Send Cheapest 11.0000 €0.00 MAD 77,000.00 +MAD 547.38
Key Currency 10.8945 €0.00 MAD 76,261.49 −MAD 191.13
Regency FX 10.8923 €0.00 MAD 76,246.20 −MAD 206.42
Sendwave 10.8368 €0.00 MAD 75,857.88 −MAD 594.74
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9579 – MAD 76,705.33
Key Currency Cheapest 10.9305 €0.00 MAD 76,513.56 −MAD 191.77
Regency FX 10.9283 €0.00 MAD 76,498.22 −MAD 207.11
Sendwave 10.8898 €0.00 MAD 76,228.74 −MAD 476.59
Exchange rateFeeRecipient getsDifference
Mid-market rate 10.9534 – MAD 76,673.56
Key Currency Cheapest 10.9260 €0.00 MAD 76,481.87 −MAD 191.68
Regency FX 10.9238 €0.00 MAD 76,466.54 −MAD 207.01
Sendwave 10.9193 €0.00 MAD 76,434.89 −MAD 238.66

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. 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 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 11 of the last 30 days.

Right now, Key Currency pays 76,481.87 MAD on 7,000 EUR, which is 191.68 MAD less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 77,148.62 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 179 comparisons to check how often today's top companies were the cheapest across 6 amounts over the past month.

  1. Key CurrencyAppeared in 59 comparisons

    Cheapest in 54% of them

  2. Regency FXAppeared in 59 comparisons

    Never the cheapest

  3. SendwaveAppeared in 120 comparisons

    Cheapest in 21% of them

Based on 179 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 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, but it only quotes some of the amounts we track, so it isn't included in these figures.

Ways to send money from Spain to Morocco

11 companies send money from Spain to Morocco, across app, currency broker, online, global business account, multi-currency account, and in person, and more.

Monthly remesas abroad

Money transfer apps

Sending monthly remesa is extremely popular in Spain.

Money transfer apps let you save contacts, schedule transfers, and lock-in rates.

Useful if you’re sending €100 to €300 monthly to Morocco.

Sendwave charges €0 on a €7,000 transfer and pays out 76,434.89 MAD in minutes - 3 days, often straight into a mobile wallet, so the person receiving doesn't need a bank account.

Over the past month, Sendwave was the cheapest app on 57% of the days it appeared for €7,000 transfers.

You can pay for the transfers via bank transfer, debit card, credit card, and iDEAL, but Bizum is usually not accepted as a funding method.

For cash pickup and deposit

In-person transfers

The locutorio on the corner has been sending money home for decades, and for families who need to collect cash the same day, this is the best way.

Pay MoneyGram the €7,000 by card or transferencia, and they can collect cash in Morocco.

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

Cash transfers are faster than online methods, but usually more expensive, so .

For one-off transfers

Online transfers

For medium sized or one-off transfers to Morocco, an online money transfer service funded from your bank account is better than any bank.

MoneyGram turns €7,000 into 75,977.30 MAD with a €2.99 fee and 0.91% markup.

In our comparisons over the past month, it was the cheapest online service on 28 of the 29 days it quoted.

Sending large amounts

Currency brokers

Currency brokers are best for sending €10,000+ to Morocco. This can be things like selling property, moving a pension, moving back home, etc…

Key Currency charges no fee and works on a margin, with a person on the phone, and offices in Spain if you'd rather sit down with someone.

Our analysis shows Key Currency was the cheapest broker in 97% of the transfers from €5,000 it quoted.

For getting paid and spending abroad

Multi-currency accounts

If you often receive MAD (things like pensions, payments, salary, dividends, etc…), this is the best way to do it.

Because a multi-currency account gives you account details to receive MAD like a local and you can exchange it to EUR at any time.

The best multi-currency account in Spain with MAD support is offered by Revolut.

Over the past month, it came out cheapest among multi-currency accounts on 69% of days.

For example, converting €7,000 gets you 75,263.36 MAD.

For businesses and autónomos paying abroad

Global accounts

Companies like Wise Business, Payoneer, or Airwallex are best suited for businesses in Spain making payments to Morocco.

You can pay suppliers and freelancers, process invoices, make batch payments, and much more.

Ways to fund EUR and receive MAD in Morocco

How you fund the transfer and how your recipient receives it affect the fees and how much MAD they get.

With Key Currency, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending €7,000 gives your recipient 76,481.87 MAD.

For funding your transfer from Spain, you can use bank transfer, debit card, credit card, and iDEAL.

Bizum only supports domestic transfers in Spain, so it cannot send money to Morocco directly.

Pay from your Spanish bank account

Deposit your funds with a SEPA Instant (essentially your bank transfer) using your ES IBAN.

It is fast to fund the transfer, although delivery to Morocco depends on the company's payout time and delivery method.

In Morocco, the recipient can use bank deposit, cash pickup, card deposit, mobile money, and mobile wallet to receive money.

Collect cash in Morocco

Your recipient can collect MAD from a participating MoneyGram location in Morocco.

  1. 1
    Bank transfer Bank deposit

    You pay €7,000.00

    DH76,482

    Cheapest

  2. 2
    Debit card Bank deposit

    You pay €7,000.00

    DH76,435

    -DH47

  3. 3
    Debit card Cash pickup

    You pay €7,002.50

    DH76,090

    -DH392

  4. 4
    Debit card Mobile money

    You pay €7,000.00

    DH76,090

    -DH392

  5. 5
    Debit card Mobile wallet

    You pay €7,002.50

    DH76,090

    -DH392

Show moreShow less
  1. 6
    Bank transfer Cash pickup

    You pay €7,002.99

    DH75,977

    -DH505

  2. 7
    Credit card Cash pickup

    You pay €7,002.99

    DH75,977

    -DH505

  3. 8
    Credit card Bank deposit

    You pay €7,000.99

    DH75,606

    -DH876

  4. 9
    iDEAL Bank deposit

    You pay €7,000.00

    DH75,018

    -DH1,464

  5. 10
    Debit card Card deposit

    You pay €7,006.40

    DH74,495

    -DH1,986

  6. 11
    Credit card Card deposit

    You pay €7,006.40

    DH74,495

    -DH1,986

What to consider when sending money from Spain

Here are a few things to know before sending money from Spain to Morocco.

Find the best EUR/MAD transfer

These are the current best options for sending €7,000 to Morocco:

Cheapest option

Use Key Currency, pay by bank transfer and choose bank deposit for the payout. Your recipient gets 76,481.87 MAD, which is 0.02% more than the next best option.

Fastest option

With TapTap Send, a debit card payment to bank deposit gives your recipient 76,090 MAD, and its delivery time is minutes.

SEPA & MAD are different

SEPA and SEPA Instant only work with euro payments, and Bizum largely operates in Spain.

Sending EUR to Morocco is different because it needs a currency conversion.

SEPA or SEPA Instant can be used to fund the transfer itself (since both are in EUR), but it does not guarantee instant transfer to Morocco.

Expect questions on a large payment

Your bank or transfer company can ask for a justificante showing the source and purpose of a large or unusual transfer.

Keep the sale agreement for property, an invoice for tuition or a bank statement for savings.

Ask your bank to raise its own online transfer limit before the payment is due, rather than splitting a payment to avoid a check.

Staying safe when sending money

A payment or electronic-money institution is not the same as a bank, so do not assume its stored balance has bank deposit protection.

For bank deposits, protection normally comes from the deposit guarantee scheme in the bank's home country.

For a transfer service, check how customer money is safeguarded and avoid leaving a large balance there longer than needed.

When in doubt, use the Banco de Espana register to check the legal entity behind a transfer service.

How we analyse the market

Every company here is authorised to operate in Spain, and you can check any of them on the Banco de España register yourself. We track 11 of them on EUR to MAD, comparing fees, rates and the ways money can be paid in and collected. In the past 30 days alone, we analysed 179 comparisons across 6 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.

Pricing mostly comes straight from the companies, and anything we collect by hand is marked in the table.

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