Xe is the best way to send money to Morocco. Sending NZ$10,000 gets you 55,311.6 MAD on the other end.
| 5 of 5 providers Last updated on 28 October 2026 | |||
| Based on 10,000 NZD transfer Best companies for NZD/MAD transfers | |||
| Promoted  Wise Pay via Bank transfer | Fees: $190.85 1 NZD = 5.5371 MAD +0.02% vs mid-market | Recipient gets MAD 54,314.64 Next day | |
Ways to receive money in Morocco with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer $190.851 NZD = 5.5371 MAD MAD 54,314.64You pay$10,000.00 | |||
| Promoted  Xe Pay via Bank transfer | Fees: $0.00 1 NZD = 5.5312 MAD +0.13% vs mid-market | Recipient gets MAD 55,311.60 6-12 Hours | |
Ways to receive money in Morocco with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 NZD = 5.5312 MAD MAD 55,311.60You pay$10,000.00 | |||
Run a live search Showing top New Zealand to Morocco deals for 10,000 NZD. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live NZD to MAD rates. | |||
Run a live search These companies offer multi-currency accounts for spending MAD. We suggest doing a live search based on how much NZD you're planning to spend in Morocco. | |||
Run a live search These are managed services with real human support for large NZD transfers. Click the link and update the transfer amount to get the best deal. | |||
| Xe Pay via Bank transfer | Fees: $0.00 1 NZD = 5.5312 MAD +0.13% vs mid-market | Recipient gets MAD 55,311.60 6-12 Hours | |
Ways to receive money in Morocco with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 NZD = 5.5312 MAD MAD 55,311.60You pay$10,000.00 | |||
 OFX Pay via Bank transfer | Fees: $0.00 1 NZD = 5.5105 MAD +0.50% vs mid-market | Recipient gets MAD 55,104.51 6-12 Hours | |
Ways to receive money in Morocco with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 NZD = 5.5105 MAD MAD 55,104.51You pay$10,000.00 | |||
| Xe Pay via Debit card | Fees: $40.00 1 NZD = 5.5312 MAD +0.13% vs mid-market | Recipient gets MAD 55,090.35 6-12 Hours | |
Ways to receive money in Morocco with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $40.001 NZD = 5.5312 MAD MAD 55,090.35You pay$10,000.00 | |||
| Xe Pay via Credit card | Fees: $90.00 1 NZD = 5.5312 MAD +0.13% vs mid-market | Recipient gets MAD 54,813.80 6-12 Hours | |
Ways to receive money in Morocco with Xe when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $90.001 NZD = 5.5312 MAD MAD 54,813.80You pay$10,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fees: $45.70 1 NZD = 5.4878 MAD +0.91% vs mid-market | Recipient gets MAD 54,627.50 Same day | |
Ways to receive money in Morocco with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame day $45.701 NZD = 5.4878 MAD MAD 54,627.50You pay$10,000.00 | |||
| 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. | |||
 Moneycorp Pay via Bank transfer | Fees: $0.00 1 NZD = 5.4606 MAD +1.40% vs mid-market | Recipient gets MAD 54,606.08 Next Day | |
Ways to receive money in Morocco with Moneycorp when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 NZD = 5.4606 MAD MAD 54,606.08You pay$10,000.00 | |||
| Wise Pay via Bank transfer | Fees: $190.85 1 NZD = 5.5371 MAD +0.02% vs mid-market | Recipient gets MAD 54,314.64 Next day | |
Ways to receive money in Morocco with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer $190.851 NZD = 5.5371 MAD MAD 54,314.64You pay$10,000.00 | |||
| How Our Results Work Mid-market rate: 1 NZD = 5.5381 MAD Updates every 60 minutes. | |||
Transfer details
If you're sending a one-off transfer, then Xe is the best option.
Xe was the cheapest on 2 of the 29 days it quoted NZ$10,000 transfers to Morocco.
For recurring transfers, I'd suggest using an app or a multi-currency account like Xe.
For large transfers (NZ$10k+), a broker like Xe is usually the best option.
New Zealand has no instant payment rail, so plan for the money to leave your account slower than you'd expect.
How much you send will affect the best option for you right now, so I suggest .
You can pay for the transfer via bank transfer, debit card, and credit card.
Bank transfers settle in batches a few times a business day, so a Friday evening payment can sit until Monday.
If you and the money transfer company use the same bank, it'll usually settle in seconds.
For your first transfer you'll need a photo ID and proof of address.
Nothing checks the recipient's name against the account number on an international transfer, so make sure to double check it.
How much NZD 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 Xe was the cheapest in 4% of the transfers from NZ$10,000 it quoted, and in 4% of all the transfers it quoted.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $1,000 | 0.65% | $0.00 | MAD 5,503.41with bank transfer to bank deposit | +MAD 83.79 | |
| $5,000 | 0.11% | $0.00 | MAD 27,655.80with bank transfer to bank deposit | +MAD 330.37 | |
| $10,000This page | 0.13% | $0.00 | MAD 55,311.60with bank transfer to bank deposit | +MAD 473.25 | |
| $50,000 | 0.20% | $0.00 | MAD 276,102.14with bank transfer to bank deposit | +MAD 3,361.40 | |
| $250,000 | 0.15% | $0.00 | MAD 1,382,832.64with bank transfer to bank deposit | +MAD 8,464.15 |
Mid-market rate: 1 NZD = 5.5381 MAD
The cheapest way to send NZD 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 Xe), across 30 days of comparisons for 10,000 NZD transfers to Morocco.
Wed, 28 Oct 2026Mid-market rateMAD 55,381.42 Xe MAD 55,311.60XeMAD 55,311.60OFXMAD 55,104.51RevolutMAD 54,627.50
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.4481 | – | MAD 54,481.30 | |
| | 5.4209 | $0.00 | MAD 54,208.89 | −MAD 272.41 |
| | 5.3919 | $0.00 | MAD 53,919.30 | −MAD 562.00 |
| | 5.4096 | $55.00 | MAD 53,798.36 | −MAD 682.94 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.4823 | – | MAD 54,822.62 | |
| | 5.4549 | $0.00 | MAD 54,548.51 | −MAD 274.11 |
| | 5.4304 | $55.00 | MAD 54,005.57 | −MAD 817.05 |
| | 5.3746 | $0.00 | MAD 53,745.80 | −MAD 1,076.82 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | – | – | – | |
| | 5.3854 | $0.00 | MAD 53,853.90 | – |
| | 5.4092 | $55.00 | MAD 53,794.76 | – |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5055 | – | MAD 55,055.25 | |
| | 5.4780 | $0.00 | MAD 54,779.97 | −MAD 275.28 |
| | 5.4578 | $55.00 | MAD 54,278.09 | −MAD 777.16 |
| | 5.3909 | $0.00 | MAD 53,909.40 | −MAD 1,145.85 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5836 | – | MAD 55,836.45 | |
| | 5.5557 | $0.00 | MAD 55,557.27 | −MAD 279.18 |
| | 5.4889 | $0.00 | MAD 54,888.50 | −MAD 947.95 |
| | 5.5120 | $155.00 | MAD 54,265.72 | −MAD 1,570.73 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5679 | – | MAD 55,678.64 | |
| | 5.5400 | $0.00 | MAD 55,400.25 | −MAD 278.39 |
| | 5.4889 | $0.00 | MAD 54,888.50 | −MAD 790.14 |
| | 5.5120 | $155.00 | MAD 54,265.72 | −MAD 1,412.92 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5515 | – | MAD 55,515.04 | |
| | 5.5237 | $0.00 | MAD 55,237.46 | −MAD 277.58 |
| | 5.5393 | $55.00 | MAD 55,088.15 | −MAD 426.89 |
| | 5.4937 | $0.00 | MAD 54,937.00 | −MAD 578.04 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5711 | – | MAD 55,710.89 | |
| | 5.5432 | $0.00 | MAD 55,432.34 | −MAD 278.55 |
| | 5.5179 | $0.00 | MAD 55,178.80 | −MAD 532.09 |
| | 5.5398 | $55.00 | MAD 55,093.21 | −MAD 617.68 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5892 | – | MAD 55,892.09 | |
| | 5.5613 | $0.00 | MAD 55,612.63 | −MAD 279.46 |
| | 5.5527 | $0.00 | MAD 55,526.70 | −MAD 365.39 |
| | 5.5428 | $55.00 | MAD 55,122.77 | −MAD 769.32 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5735 | – | MAD 55,735.13 | |
| | 5.5456 | $0.00 | MAD 55,456.45 | −MAD 278.68 |
| | 5.5128 | $0.00 | MAD 55,128.30 | −MAD 606.83 |
| | 5.5310 | $45.70 | MAD 55,057.20 | −MAD 677.93 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5782 | – | MAD 55,781.82 | |
| | 5.5503 | $0.00 | MAD 55,502.91 | −MAD 278.91 |
| | 5.4995 | $0.00 | MAD 54,994.50 | −MAD 787.32 |
| | 5.5165 | $45.70 | MAD 54,913.31 | −MAD 868.51 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5132 | – | MAD 55,131.53 | |
| | 5.4856 | $0.00 | MAD 54,855.87 | −MAD 275.66 |
| | 5.4539 | $0.00 | MAD 54,538.60 | −MAD 592.93 |
| | 5.4124 | $145.70 | MAD 53,335.61 | −MAD 1,795.92 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5132 | – | MAD 55,131.53 | |
| | 5.4856 | $0.00 | MAD 54,855.87 | −MAD 275.66 |
| | 5.4539 | $0.00 | MAD 54,538.60 | −MAD 592.93 |
| | 5.4124 | $145.70 | MAD 53,335.61 | −MAD 1,795.92 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.4985 | – | MAD 54,984.91 | |
| | 5.4710 | $0.00 | MAD 54,709.99 | −MAD 274.92 |
| | 5.4510 | $0.00 | MAD 54,509.90 | −MAD 475.01 |
| | 5.4213 | $45.70 | MAD 53,965.27 | −MAD 1,019.64 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.4306 | – | MAD 54,305.75 | |
| | 5.4034 | $0.00 | MAD 54,034.22 | −MAD 271.53 |
| | 5.4142 | $45.70 | MAD 53,894.85 | −MAD 410.90 |
| | 5.3381 | $0.00 | MAD 53,381.20 | −MAD 924.55 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.4831 | – | MAD 54,830.92 | |
| | 5.4870 | $45.70 | MAD 54,618.87 | −MAD 212.05 |
| | 5.4557 | $0.00 | MAD 54,556.77 | −MAD 274.15 |
| | 5.4105 | $0.00 | MAD 54,104.60 | −MAD 726.32 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5187 | – | MAD 55,186.68 | |
| | 5.4911 | $0.00 | MAD 54,910.75 | −MAD 275.93 |
| | 5.4729 | $45.70 | MAD 54,479.18 | −MAD 707.50 |
| | 5.4395 | $0.00 | MAD 54,394.90 | −MAD 791.78 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5518 | – | MAD 55,518.41 | |
| | 5.5241 | $0.00 | MAD 55,240.82 | −MAD 277.59 |
| | 5.4732 | $45.70 | MAD 54,482.08 | −MAD 1,036.33 |
| | 5.4360 | $0.00 | MAD 54,360.30 | −MAD 1,158.11 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5055 | – | MAD 55,055.28 | |
| | 5.4780 | $0.00 | MAD 54,780.00 | −MAD 275.28 |
| | 5.4278 | $0.00 | MAD 54,278.00 | −MAD 777.28 |
| | 5.4439 | $145.70 | MAD 53,646.11 | −MAD 1,409.17 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5055 | – | MAD 55,055.28 | |
| | 5.4780 | $0.00 | MAD 54,780.00 | −MAD 275.28 |
| | 5.4278 | $0.00 | MAD 54,278.00 | −MAD 777.28 |
| | 5.4439 | $145.70 | MAD 53,646.11 | −MAD 1,409.17 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5159 | – | MAD 55,159.39 | |
| | 5.4884 | $0.00 | MAD 54,883.59 | −MAD 275.80 |
| | 5.4762 | $45.70 | MAD 54,511.63 | −MAD 647.76 |
| | 5.4374 | $0.00 | MAD 54,374.10 | −MAD 785.29 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5629 | – | MAD 55,629.26 | |
| | 5.5351 | $0.00 | MAD 55,351.11 | −MAD 278.15 |
| | 5.4814 | $0.00 | MAD 54,814.10 | −MAD 815.16 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5641 | – | MAD 55,641.11 | |
| | 5.5363 | $0.00 | MAD 55,362.90 | −MAD 278.21 |
| | 5.5044 | $0.00 | MAD 55,044.10 | −MAD 597.01 |
| | 5.5271 | $45.70 | MAD 55,018.90 | −MAD 622.21 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5857 | – | MAD 55,856.53 | |
| | 5.5577 | $0.00 | MAD 55,577.25 | −MAD 279.28 |
| | 5.5147 | $0.00 | MAD 55,147.10 | −MAD 709.43 |
| | 5.5186 | $45.70 | MAD 54,933.85 | −MAD 922.68 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5820 | – | MAD 55,820.33 | |
| | 5.5541 | $0.00 | MAD 55,541.23 | −MAD 279.10 |
| | 5.5421 | $45.70 | MAD 55,168.21 | −MAD 652.12 |
| | 5.4935 | $0.00 | MAD 54,935.00 | −MAD 885.33 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.6061 | – | MAD 56,061.24 | |
| | 5.5781 | $0.00 | MAD 55,780.93 | −MAD 280.31 |
| | 5.5256 | $145.70 | MAD 54,451.12 | −MAD 1,610.12 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.6061 | – | MAD 56,061.24 | |
| | 5.5781 | $0.00 | MAD 55,780.93 | −MAD 280.31 |
| | 5.5311 | $0.00 | MAD 55,310.60 | −MAD 750.64 |
| | 5.5256 | $145.70 | MAD 54,451.12 | −MAD 1,610.12 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5758 | – | MAD 55,758.00 | |
| | 5.5479 | $0.00 | MAD 55,479.21 | −MAD 278.79 |
| | 5.5329 | $0.00 | MAD 55,329.50 | −MAD 428.50 |
| | 5.5302 | $45.70 | MAD 55,049.43 | −MAD 708.57 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.6037 | – | MAD 56,037.44 | |
| | 5.5757 | $0.00 | MAD 55,757.25 | −MAD 280.19 |
| | 5.5589 | $45.70 | MAD 55,335.07 | −MAD 702.37 |
| | 5.5102 | $0.00 | MAD 55,101.50 | −MAD 935.94 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 5.5381 | – | MAD 55,381.42 | |
| | 5.5312 | $0.00 | MAD 55,311.60 | −MAD 69.82 |
| | 5.5105 | $0.00 | MAD 55,104.51 | −MAD 276.91 |
| | 5.4878 | $45.70 | MAD 54,627.50 | −MAD 753.92 |
| Exchange rate | Fees: | Recipient gets | Difference |
|---|
| Mid-market rate | 5.5381 | – | MAD 55,381.42 | |
|---|---|---|---|---|
| | ||||
| | ||||
| |
Each line shows what the recipient gets when you send $10,000, after fees, as quoted by each company. The mid-market line shows what $10,000 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 NZD than the mid-market rate can offer.
This could be due to money transfer offers, FX rate adjustments, or market competitiveness.
No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of MAD on every transfer from New Zealand.
Right now, Xe pays 55,311.6 MAD on 10,000 NZD, which is 69.82 MAD less than the mid-market amount.
Today's payout isn't the best this month though, since the highest receive amount was 55,780.93 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.
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 108 comparisons to check how often today's top companies were the cheapest across 5 amounts over the past month.
Cheapest in 9% of them
Cheapest in 54% of them
Never the cheapest
Based on 35 comparisons across 5 amounts over the last 7 days.
Cheapest in 4% of them
Cheapest in 67% of them
Cheapest in 6% of them
Based on 108 comparisons across 5 amounts over the last 30 days.
Cheapest in 4% of them
Cheapest in 71% of them
Cheapest in 6% of them
Based on 123 comparisons across 5 amounts over the last 90 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 Xe is the cheapest and gets you the most MAD, but it was the cheapest in only 4% of the 70 comparisons it appeared in over the past month.
OFX (today's second cheapest) was the cheapest in 67% of its comparisons, so if you send money to Morocco regularly, it's worth comparing it with Xe before each transfer.
If it's a one-off transfer, go with Xe, since it's the cheapest right now.
5 companies cover NZD/MAD transfers, between them you can send money via online, app, global account, broker, and multi-currency account, and more.
Cheapest way to send NZD
The gap between the cheapest and most expensive way to send money from New Zealand is among the widest in the world, and money transfer companies and apps are usually the cheapest.
Xe charges NZ$0 and 0.13% markup on a NZ$10,000 transfer.
This will get you 55,311.6 MAD and it will arrive in 6-12 hours.
In our comparisons over the past month, it was the cheapest online service on 13 of the 29 days it quoted.
Best support options
For house purchase abroad, an inheritance or a pension transfer, a broker like Xe charges no fee and adds 0.13% margin, with a real person on the phone dealing with everything end to end.
Our analysis shows Xe was the cheapest broker in 5% of the transfers from NZ$10,000 it quoted.
Also, you can send a small NZD/MAD transfer first to get the feel of the process before sending the rest.
I suggest getting a few quotes from brokers and seeing who's the cheapest.
Living across two countries
If you live between two countries, income in one, mortgage or family in the other, a multi-currency account holds both currencies and converts when you choose.
Revolut converts NZ$10,000 at 0.91% markup and holds the MAD until you spend it.
Over the past month, it came out cheapest among multi-currency accounts on 72% of days.
It’s also great for travelling to Morocco and spending it there.
For business payments from NZ
Companies like Wise Business, OFX, or Revolut Business handle business payments, recurring and batch payments, invoicing, and more.
Great for paying suppliers, contractors or staff in Morocco, or getting paid in MAD.
With Xe, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending NZ$10,000 gives your recipient 55,311.6 MAD.
Pay in NZD by bank transfer, debit card, and credit card.
New Zealand bank payments still run in processing cycles, so allow time for the company to receive the payment before it can process the transfer to Morocco.
The recipient in Morocco can use bank deposit.
To send money directly to bank account or card, enter the recipient's bank details, account number and account-holder name.
You pay NZ$10,000.00
DH55,312
Cheapest
You pay NZ$10,000.00
DH55,090
-DH221
You pay NZ$10,000.00
DH54,814
-DH498
Here are a few things to know about money transfers from New Zealand to Morocco.
For a NZ$10,000 transfer to Morocco, these are the current best options you have.
Cheapest
Xe is cheapest when funded by bank transfer with bank deposit for the payout. Your recipient gets 55,311.6 MAD, which is 0.37% more than the next best option.
Fastest
Revolut delivers 54,627.5 MAD in same day when you pay by bank transfer and the recipient uses bank deposit.
New Zealand reporting entities must report international wire transfers of NZ$1,000 or more to the Financial Intelligence Unit.
It does not mean you need permission or cannot send more than NZ$1,000.
The New Zealand Police guidance on prescribed transactions explains the reporting threshold.
Keep evidence showing where the money came from, particularly for a property sale, inheritance or transfer between your own accounts.
New Zealand bank payments run daily, but the transfer company still needs to receive and match your payment before sending MAD.
Debit-card funding may be confirmed sooner, although it can cost more.
New Zealand abolished gift duty, so there is no New Zealand gift tax simply because you send money to family in Morocco.
Keep a record showing that it was a gift, loan or transfer of your own money because the recipient's tax position can differ.
New Zealand's Depositor Compensation Scheme covers eligible deposits at licensed deposit takers.
It does not cover money after it has been sent to a non-bank transfer company.
The Reserve Bank explains the scheme's scope in a bit more detail.
Most of our pricing comes straight from the companies, and anything collected by hand is labelled in the table as indicative.
That covers 5 registered financial service providers sending NZD to Morocco, updated in real time on live searches and compared on rates, fees, speed and the ways to pay and collect.
In the past 30 days alone, we analysed 108 comparisons across 5 amounts.
This page covers the cheapest and fastest options for NZD/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. Learn more:
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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