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Money · Guide

The right bank account in Morocco

Three kinds of account exist for Moroccans abroad. The one you pay from decides whether your money can leave again.

Checked: October 2026

Key facts

  • Convertible dirham account: fed from abroad in foreign currency, held in dirhams. The balance can be sent back abroad freely.
  • Foreign currency account: held in euros, dollars or another currency, also freely transferable.
  • Ordinary dirham account: for daily life in Morocco. Money in it cannot be sent abroad freely.
  • An investment paid for in foreign currency through the bank keeps a guarantee: the income, the sale price and any gain can be transferred back out.

Steps

  1. Open a convertible dirham or foreign currency account before any large purchase. Many Moroccan banks open them from their branches in Europe.
  2. Pay for property, building work or shares from that account, by transfer.
  3. Ask the bank for the document proving the funds came from abroad, and keep it with the deed.

Watch out

  • Buy from an ordinary dirham account, or in cash, and the sale proceeds may stay blocked in Morocco later.
  • Keep every transfer slip for as long as you own the asset.

Official sources

oc.gov.ma

Checked: October 2026. Independent guide, not a government site. Rules change: confirm on the official page before you act.

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Services

BanksEvery bank in Morocco, its offer for Moroccans abroad, the number to call from abroad and where it is present in your country.

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