How to Send Money from USA to Morocco Cheaply in 2026

Sending money from the USA to Morocco doesn’t have to break the bank. Whether you’re supporting family, paying for services, or investing in opportunities abroad, choosing the right method can save you significant fees and ensure your recipient gets the most Moroccan Dirhams (MAD). This guide explains how to send money from the USA to Morocco cheaply in 2026, covering top providers, exchange rates, fees, and step-by-step instructions to maximize savings. With insights tailored for 2026, you’ll learn how to navigate the best options for cost-effective transfers.

Why Sending Money to Morocco Cost-Effectively Matters

In 2026, millions of dollars flow from the USA to Morocco annually, driven by remittances, business transactions, and personal needs. Traditional banks often charge 3–6% in exchange rate markups and fixed fees of $20–$50 per transfer, which can significantly reduce the amount received. Online money transfer services, however, offer better exchange rates and lower fees, potentially saving you up to 90% on costs. By choosing the right provider, you can ensure your recipient gets more MAD while keeping your expenses low.

Best Ways to Send Money from USA to Morocco in 2026

Here are the most cost-effective methods and providers for sending money to Morocco, based on low fees, competitive exchange rates, and reliable service.

1. Online Money Transfer Services

Online platforms are the cheapest and fastest way to send money to Morocco, offering near mid-market exchange rates and minimal fees. They support bank transfers, cash pickups, and mobile wallet deposits.

Top Providers for 2026

Wise (formerly TransferWise):
- Exchange Rate: Mid-market rate (e.g., 1 USD = 9.0491 MAD, based on 2025 data).
- Fees: From 0.4% (~$4 for $1,000).
- Speed: 60% of transfers arrive in seconds; 95% within 24 hours.
- Why Choose Wise: Transparent fees, no exchange rate markup, ideal for bank transfers to accounts like Attijariwafa Bank.
- Best For: Bank account transfers, large transfers.
- How to Use: Sign up at wise.com, enter recipient’s bank details, and pay via bank transfer or card.
- Link: Wise
Western Union:
- Exchange Rate: Slightly below mid-market (e.g., 1 USD = 8.8873 MAD).
- Fees: $0.99–$5 online; higher for in-person transfers.
- Speed: Instant for cash pickups, 1–3 days for bank deposits.
- Why Choose Western Union: Extensive network with 11,000+ cash pickup locations in Morocco (e.g., Banque Populaire, Barid Cash).
- Best For: Cash pickups and mobile wallet transfers.
- How to Use: Use westernunion.com or the app, select cash pickup or bank deposit, and pay with a card or bank account.
- Link: Western Union
Remitly:
- Exchange Rate: Competitive, often with promotional rates for new users (e.g., 1 USD = 8.9702 MAD).
- Fees: $0 for first transfer; typically $2–$5 thereafter.
- Speed: Instant to 3 days for cash pickups; 1–5 days for bank deposits.
- Why Choose Remitly: Affordable cash pickups at locations like Canal M and Banque Populaire.
- Best For: Small transfers and cash pickups.
- How to Use: Sign up at remitly.com, choose cash pickup or bank transfer, and pay via card.
- Link: Remitly
Xe Money Transfer:
- Exchange Rate: Close to mid-market (e.g., 1 USD = 9.0365 MAD).
- Fees: $0 for bank transfers above $500; small fees for card payments.
- Speed: Within 24 hours for bank transfers.
- Why Choose Xe: No fees for large transfers, reliable for bank deposits.
- Best For: Large bank transfers.
- How to Use: Register at xe.com, enter recipient’s bank details, and pay via bank account.
- Link: Xe
MoneyGram:
- Exchange Rate: 1 USD = 8.9617 MAD (varies by method).
- Fees: $0 for first online transfer; ~$5 thereafter.
- Speed: Instant for cash pickups; 1–3 days for bank deposits.
- Why Choose MoneyGram: Wide cash pickup network and mobile wallet support.
- Best For: Urgent transfers and cash pickups.
- How to Use: Use moneygram.com or visit an agent location.
- Link: MoneyGram

Comparison for Sending $1,000 USD to Morocco (MAD)

Provider	Amount Received (MAD)	Fees	Exchange Rate (1 USD)	Speed
Wise	8,785.86	$4.00	9.0491	Seconds–1 day
Western Union	8,887.30	$0.99	8.8873	Instant–3 days
Remitly	8,970.20	$0 (first)	8.9702	Instant–3 days
Xe	9,036.50	$0	9.0365	Within 24 hours
MoneyGram	8,961.70	$0 (first)	8.9617	Instant–3 days

Note: Rates and fees are indicative (based on 2025 trends) and may vary in 2026. Check live rates before transferring.

2. Bank Transfers

Direct bank transfers from U.S. banks (e.g., Chase, Bank of America) to Moroccan banks are convenient but costly.

Exchange Rate: 3–6% markup (e.g., 1 USD = 8.50–8.70 MAD vs. mid-market 9.0491 MAD).
Fees: $25–$50 per transfer.
Speed: 3–5 days.
Why Avoid Banks: High fees and poor rates reduce the recipient’s funds.
When to Use: Only if online services or cash pickups are unavailable.

3. Cash Pickup Services

Cash pickups are ideal for recipients without bank accounts, with extensive networks in Morocco.

Best Providers: Remitly (cheapest for cash pickups), Western Union (largest network), MoneyGram.
Locations: Banque Populaire, Barid Cash/La Poste, Canal M, and 13,000+ Ria locations.
Fees: $0–$5 for promotions; typically $5–$10.
Speed: Instant to minutes.
How to Use: Select “cash pickup” on the provider’s platform, choose a location, and provide the recipient’s name (matching their ID).

4. Mobile Wallet Transfers

Mobile wallets like Attijariwafa Bank’s app or Maroc Telecom’s services are increasingly popular in Morocco.

Best Providers: Remitly, MoneyGram.
Fees: $0–$5.
Speed: Instant to 1 day.
Why Choose: Convenient for tech-savvy recipients.
How to Use: Enter the recipient’s phone number linked to their mobile wallet.

Step-by-Step Guide to Send Money from USA to Morocco Cheaply

Follow these steps to ensure a cost-effective transfer:

Compare Providers:
- Use comparison platforms like Monito.com or FromTo.money to find the best rates and fees. Monito data shows Remitly as the cheapest for 67% of USD-to-MAD transfers.
Choose the Right Provider:
- Bank Transfers: Wise or Xe (best rates, low/no fees).
- Cash Pickups: Remitly or Western Union (fast, widespread locations).
- Mobile Wallets: Remitly or MoneyGram.
- Large Transfers (> $7,000): Wise or Xe (no fees for bank transfers).
Sign Up and Verify:
- Register with the provider (e.g., wise.com, remitly.com).
- Verify identity with a driver’s license or passport.
Enter Recipient Details:
- Bank Transfers: Recipient’s full name, bank account number, and SWIFT/IBAN (e.g., for BMCE or Attijariwafa Bank).
- Cash Pickups: Recipient’s name (matching ID) and pickup location.
- Mobile Wallets: Recipient’s phone number linked to the wallet.
Select Payment Method:
- Bank Transfer: Cheapest (e.g., $0 with Xe, $4 with Wise).
- Debit/Credit Card: Faster but higher fees ($2–$10).
- Cash at Agent: Available with Western Union/MoneyGram but costlier.
Enter Transfer Amount:
- Verify the exchange rate and fees. For example, $1,000 with Wise yields ~8,785.86 MAD after a $4 fee.
Review and Send:
- Confirm the amount received in MAD.
- Save the transaction reference (e.g., MTCN for Western Union) for tracking.
Track and Notify:
- Track the transfer via the provider’s app or website.
- Share the reference number with the recipient for cash pickups.

Tips to Save Money on Transfers to Morocco

Avoid Banks: Their high fees and exchange rate markups reduce the recipient’s funds.
Compare Live Rates: Use Monito.com to find the best provider for your transfer amount.
Leverage Promotions: Remitly and MoneyGram offer $0 fees for first transfers.
Pay via Bank Transfer: ACH or wire transfers are cheaper than cards or cash.
Send Larger Amounts: Xe waives fees for transfers above $500, and Wise offers discounts for $25,000+.
Check Mid-Market Rates: Compare rates to the mid-market rate (e.g., 1 USD = 9.0491 MAD) using xe.com.
Choose USD to MAD: Sending MAD directly ensures better value than USD-to-USD accounts.

For more immigration and financial tips, explore our guide on Express Entry Canada 2026: Step-by-Step Application Guide.

Common Mistakes to Avoid

Not Comparing Providers: Always check multiple services to maximize savings.
Ignoring Hidden Fees: “$0 fee” offers may include exchange rate markups. Verify the total MAD received.
Incorrect Details: Ensure the recipient’s name matches their ID for cash pickups or bank details for deposits.
Overlooking Speed: For urgent transfers, choose Remitly or Western Union for instant cash pickups.
Not Tracking: Save the transaction reference to monitor the transfer.

Conclusion

In 2026, sending money from the USA to Morocco is affordable and efficient with providers like Wise, Remitly, and Western Union. By comparing rates, avoiding banks, and using promotions, you can save up to 90% on fees and deliver more Moroccan Dirhams to your recipient. Whether it’s a bank transfer, cash pickup, or mobile wallet deposit, choose the method that best suits your needs.

For more resources on international transfers and living abroad, visit JobsMe.ca. Start comparing providers at Monito.com or Wise.com to send money cheaply today!

Post Views: 39