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Companies for transfers from Morocco to Spain
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"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."
"Key Currency offers a personal service with a dedicated account manager. There are no transfer limits or fees which is perfect for larger send amounts."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Key Currency offers a personal service with a dedicated account manager. There are no transfer limits or fees which is perfect for larger send amounts."
"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."
"Lumon has cared for over 69,000 customers since 2000. Get support for larger transfers from dedicated currency specialists."
"Cambridge Currencies is a boutique UK-based currency broker helping clients send funds globally. Expect personable service & competitive rates from this new industry entrant."
"Moneycorp is an established player in the market, with a focus on private clients and corporates. Make overseas payments in over 120 currencies and 190 countries."
Overall top choice: Lumon
Of the 10 money transfer providers we tested and reviewed, Lumon was a standout option for its combination of speed and cost.
Over the last six months, Lumon appeared in 50.7% of searches for transfers between Morocco and Spain.
When sending money from Morocco to Spain, using Lumon in a great option.
How to get the best deal on your Morocco to Spain money transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to get the best exchange rates on sending money from Morocco to Spain.
- Choose a provider
Select the provider that offers you the best value and timeframes for transfers between Morocco and Spain.
- Click, sign up & send
Follow the steps & make your transfer to Spain. Your funds will be sent from Morocco and converted into Euro.
Summary of recent searches
Considerations to make sending money from Morocco to Spain easy
Comparing the different providers offering services between Morocco and Spain, is the best way to send money with confidence.
The 10 providers we've compared ensures you will get the best options for your transfer to Spain from Morocco. By taking the time to compare you can save yourself in the region of 3% of the total transfer amount.
Whilst we rate Lumon as the best overall, comparing gives you a comprehensive view of all the options for transferring Moroccan Dirham to Spain.
Cheapest way to send money to Spain from Morocco: Lumon
The cost is a combination of an average fee of 0* MAD and an exchange rate for converting Moroccan Dirham to Euro that is 1% different to the mid-market rate.
On average, Lumon is 0.9% cheaper than the second-best option.
We would recommend Lumon for low cost, affordable transfers from Euros to Spain.
*The most common fee applied to MAD-EUR by Lumon, based on data from the past six months.
Fastest way to transfer money to Spain from Morocco: Moneycorp.
Moneycorp was the quickest way to send Moroccan Dirham to Euro in 47.8% of searches. For fast transfers between MAD and EUR, Moneycorp comes highly recommended.
When using Moneycorp to send money from Morocco to Spain you can expect an average fee of 0 MAD. Although we would recommend comparing the amount you want to send.
When testing the 'fastest' options we compared 10 money transfer providers. To test overall speed of sending money from Morocco to Spain we included the timeframe for depositing Moroccan Dirham to a money transfer account and average transfer times to Spain.
When sending money to Spain from Morocco quickly is a priority, Moneycorp is our recommended choice.
Transfer a large amount of money
Lumon is the strongest option for large transfers of the 10 money transfer companies tested.
Whatever the reason is for the transfer, sending large amounts of money from Morocco to Spain can become expensive through your bank or with the wrong provider.
Our data shows Lumon as the best choice for sending large sums of money to Spain from Morocco.
Understanding the cost of sending money to Spain from Morocco
The cost of sending money from Spain to Spain, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from MAD-EUR is 0.0966 EUR per Moroccan Dirham.
Finding a provider offering an exchange as close to 0.0966 as possible will ensure more Euro received when transferring.
For context, the MAD-EUR mid-market rate for the past three months has averaged 0.0945 EUR per Moroccan Dirham. This includes a high of 0.0971, and low of 0.0921.
Lumon currently offers the best exchange rate on transfers from Morocco to Spain.
For the most part the MAD-EUR exchange rate you receive is the biggest factor impacting the cost of sending MAD to Spain.
Fees: Outside of exchange rates, you may need to pay a fee to send. Lumon currently offers the lowest fees on transfers to Spain from Morocco, averaging 0 MAD over the last 6 months. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Euro is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Moroccan Dirhams to EUR, paired with a low fee, means a higher total amount received in Spain.
How to get the best exchange rate for Moroccan Dirham to Euro
Getting the best exchange rate essential for sending money between MAD and EUR. The exchange rate you secure impacts how much EUR you get for your MAD.
Here is how the currency has performed recently.
Over the past six months, the mid-market from MAD to EUR has been 0.0945.
During this period, the highest value was 0.0971, while the lowest was 0.0921.
Lumon, which is our recommended choice to send money online from Morocco to Spain offers an exchange rate that is only 1% above the mid-market rate.
Want to secure the best MAD-Euro exchange rates?
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Payment methods for Morocco to Spain transfers
Bank transfers
Bank transfers are often the fastest option, and normally the cheapest, for sending money from Morocco to Spain.
By opting for a money transfer company such as Lumon for transfers from Morocco to Spain, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Lumon is the cheapest provider for bank transfers from the 10 we tested when sending MAD to Spain.
With an average fee of MAD0 to send money from Morocco to Spain, Lumon offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid card payments
Using a debit card, or prepaid option, for sending money from Morocco to Spain is easy with Wise.
Wise is a market leader in debit card payments for transfers from Morocco to Spain, this is among a total of 10 money transfer companies compared.
Credit card transfers
When it comes to sending money with a credit card from Morocco to Spain, emerges as our top choice of the 10 companies offering this service.
Fee alert: credit card money transfers often result in a cash advance fee being charged by your card issuer. We recommend bank transfer or debit card where possible.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Spain and Morocco.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Morocco to Spain.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MAD to EUR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
