Send business payments to Morocco
Pay suppliers, staff and partners in Morocco in MAD, from a balance you hold, by SWIFT. The fee and the rate are shown before you confirm.
Quick facts
- Local currency
- MAD · Moroccan Dirham
- Pay out in MAD?
- Yes — MAD can be held, converted and paid out
- Route
- MAD · SWIFT
- Typical timing
- SWIFT: typically 1 to 3 working days (typical, not guaranteed)
- Account details
- IBAN, 28 characters, starts MA · Format and example
- Banks closed
- Saturday – Sunday · Payment calendar
- Next MAD closing days
- 6 November 2026 — Green March Day · 18 November 2026 — Independence Day · 1 January 2027 — New Year's DaySRBM
- SWIFT codes
- 21 banks in our directory
Paying suppliers in Morocco
The Moroccan dirham (MAD) is a currency you can hold, so suppliers in Morocco can be paid in dirhams by SWIFT from a MAD balance. Foreign-exchange operations in Morocco are supervised by the Office des Changes, and the receiving bank may ask your supplier for the invoice behind an incoming payment, so send it with the payment reference.
Moroccan bank details are built on the 24-digit RIB: a 3-digit bank code, a 3-digit town code, a 16-digit account number and a 2-digit RIB key. The 28-character IBAN starting MA simply wraps that RIB. It is not in the SWIFT IBAN registry and some banks still quote the RIB alone, so accept either, always with the bank’s SWIFT code.
Moroccan banks work Monday to Friday and close at the weekend, like European ones, so a Friday payment usually lands on Monday. National holidays and the Eids are in the payment calendar.
What you need from your supplier
The beneficiary’s full legal name
Exactly as their bank holds it: the company name for a business, not a trading name.
Their address
Street, town and country.
IBAN (28 characters, starting MA)
It wraps the national account number; some banks in Morocco still quote that on its own.
The bank’s SWIFT/BIC code
8 or 11 characters. Use the code the supplier gives you; the head-office code works if you only know the bank.
What the payment is for
An invoice number or a short description. Some payments need a supporting document such as the invoice.
How it works
- 01
Add your beneficiary in Morocco
Enter the details above once and save them. Every later payment to the same supplier, employee or partner starts from the saved record.
- 02
Pay in MAD
Pay from a balance you hold, or convert as part of the payment. The fee, the rate and the amount the beneficiary receives are shown before you confirm.
- 03
Approve and send by SWIFT
A second approver can sign off if your policy requires it. You can download a confirmation of the payment to forward to the beneficiary.
Largest banks in Morocco
Fees
- SWIFT payment out
- 0.25%, min €25.00
- Currency conversion
- 0.5%
Figures from the MENA plan. Every fee is shown before you confirm a payment, and banks in a SWIFT chain may deduct charges of their own. All plans and fees →
Sending money to Morocco: questions
- How long does a business payment to Morocco take?
- A SWIFT payment typically takes 1 to 3 working days, depending on the currency and the banks in the chain. Banks in Morocco are closed Saturday – Sunday. Payments instructed after the daily cut-off, at a weekend or on a holiday start on the next working day. Timings are typical, not guaranteed; the payment calendar shows value dates.
- How much does it cost to send money to Morocco?
- On the MENA plan a SWIFT payment out costs 0.25%, min €25.00, and banks in the SWIFT chain may deduct charges of their own. Converting currency costs 0.5%. Every fee and the rate are shown before you confirm.
- Which currency should I pay a supplier in Morocco in?
- Usually MAD, the currency the supplier’s account is held in, so their bank doesn’t convert it. MAD is a currency you can hold: pay from a MAD balance, or convert into it as part of the payment.
- What details do I need from the supplier?
- The beneficiary’s name and address, their IBAN (28 characters, starting MA) and their bank’s SWIFT/BIC code.
- Will I need to send documents?
- Sometimes. Depending on the destination and the amount, we may ask for an invoice or another supporting document before a payment is released, and the recipient’s bank may ask your supplier for the same. Keeping the invoice number in the payment reference helps both.
- Can a business based in Morocco open an account?
- Yes, Morocco is not on our list of markets we can’t serve, so a business based there can apply, subject to KYC/KYB review. Onboarding hasn’t opened yet: join the waiting list and we’ll contact you when it does.
Related
Other destinations in Middle East and North Africa
Paying suppliers in Morocco?
Onboarding hasn’t opened yet. Join the waiting list and we’ll contact you when it does.