EUR IBAN for businesses in Morocco

Questions

Can a company in Morocco get a EUR IBAN without a European company?

On our side, yes: Morocco is not on our list of countries we cannot serve, and you do not need a European subsidiary, branch or address. On your side, local exchange-control rules come first: a resident company may need authorisation from the Office des Changes to hold an account abroad, and export proceeds must be repatriated within set deadlines. Check with the Office des Changes and your bank before you apply. Onboarding has not opened yet; the waiting list is open.

How long does it take to get the IBAN?

The IBAN is typically issued within 48 hours of approval. Approval comes first: we review your company documents, ownership structure and expected payment flows, and how long that takes depends on how complete your file is and whether we need to ask follow-up questions. Once approved, you receive a 20-character Lithuanian IBAN starting with LT in your company’s name, which you can add to your invoices straight away. These timings are typical, not guaranteed.

How do European customers pay the IBAN?

By SEPA. The IBAN is Lithuanian, so it sits inside the SEPA area even though Morocco does not. A customer in Germany, France, Italy or any other SEPA country pays it as an ordinary euro transfer, typically arriving the same or next working day. It works in reverse too: you can pay suppliers, staff or partners in any SEPA country by SEPA from the IBAN. Receiving euros by SWIFT from outside the SEPA area, including from Morocco, is not confirmed yet, so ask us before you rely on it.

Can I convert the euros to Moroccan dirham and pay out in Morocco?

Yes. The Moroccan dirham (MAD) is one of the 35 currencies you can hold, so you can convert euros to MAD in the account, keep a MAD balance and pay it to bank accounts in Morocco by SWIFT. The exchange rate and fee are shown before you confirm. You can also leave the money in euros and pay European suppliers by SEPA straight from the IBAN, converting only what you need to bring home. Some payments need supporting documents, such as an invoice.

Does the IBAN start with MA or LT?

LT. The account is held in Lithuania, so the IBAN starts with LT and is 20 characters long: LT, two check digits, a five-digit bank code and an eleven-digit account number. A local IBAN in Morocco starts with MA and has 28 characters, so the two are easy to tell apart. Give European customers the LT IBAN together with your company name exactly as it appears on the account and the BIC that comes with your account details.

Is TrillioniPay a bank?

No. Trillioni Pay Inc. is a Canadian money services business registered with FINTRAC and with the Bank of Canada under the Retail Payment Activities Act. It is not a bank. The EUR IBAN is provided through a regulated partner in Lithuania, and TrillioniPay runs the platform you use to receive, hold, convert and pay. Because the account sits in Lithuania, check how Morocco’s foreign-exchange rules apply to a resident company holding funds abroad before you apply.