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Banking in Morocco

Best banks in Morocco for expats & digital nomads

Opening a bank account is one of the first things you do after moving to Morocco. Here are the accounts that work for newcomers and non-residents, plus the fintech we would set up before you fly.

How to open a bank account in Morocco

Any foreigner (resident or not) can open a convertible-dirham account (compte en dirhams convertibles) with just a passport and proof of residence; it is funded only from foreign currency but allows free outward transfers without Office des Changes authorisation. A standard resident dirham account requires a residence card; the big networks (Attijariwafa, Bank of Africa, Banque Populaire) also let non-residents and diaspora open remotely from Europe.

Top banks in Morocco

Attijariwafa Bank

traditional
Market leader, expat/MRE convertible accounts

Largest Moroccan bank with the biggest European network (via AWB Europe); offers convertible-dirham (CCDC) and foreign-currency (CCED) accounts, opened remotely from abroad.

Bank of Africa (BMCE)

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Foreigners wanting convertible-dirham accounts

Premium positioning with European branches; opens convertible-dirham accounts for any foreigner (resident or not) with passport and proof of residence.

Banque Populaire (Groupe BCP)

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MRE / diaspora banking

Strong diaspora franchise (Chaabi Bank in Europe); combined MAD + foreign-currency accounts.

CIH Bank

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Digital-forward retail banking

Known for many free digital services and a modern app.

BMCI (BNP Paribas)

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Clients wanting a European banking group

Moroccan subsidiary of BNP Paribas; familiar for French/European expats.

Société Générale Maroc / Saham Bank

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Retail and premium banking

Former Société Générale Maroc, acquired by Saham group and rebranding; full retail offering.

International accounts & neobanks

Wise

Morocco is not on Wise's hold-a-balance list; Wise can send money to Moroccan accounts but residents cannot hold an MAD balance with Wise. Convertible-dirham accounts at local banks cover foreign-currency needs.

Payoneer

Available to Morocco-based freelancers to receive USD/EUR/GBP and withdraw to a local bank; MAD is a supported receiving-account currency at Payoneer.

Availability changes; confirm on each provider's site.

Next steps in Morocco

See the full Morocco tax, cost and visa profile, or compare Morocco with other destinations. Not sure where to go yet? Take the finder quiz.