ACE Money Transfer
ACE Money Transfer
05 Feb 2026
Morocco's diaspora plays a pivotal role in the country's economy. In 2025 Moroccans living abroad sent home MAD 122.02 billion (US$13.377 billion) in remittances, an increase of 2.6% from 2024. These remittances represented more than 8% of Morocco's GDP and exceeded foreign direct investment flows. More than 3 million Moroccans (8.5% of the population) live overseas, predominantly in France, Spain, Italy, Belgium and the Netherlands. Remittances are therefore a lifeline for families and a catalyst for national development.
For Moroccans abroad, choosing a money transfer method can be confusing: bank transfers, cash pickups, mobile wallets, online services and home delivery all compete for attention. Fees and exchange rates vary widely, and transfer speeds range from instantaneous to several days. This guide draws on authoritative sources to explain every sending and receiving option, outline key factors you should consider, and show how ACE Money Transfer can help you send money to Morocco safely and affordably.
Remittances are more than personal support; they are an important part of national income. The International Day of Family Remittances 2024 highlighted that remittances reached US$11.5 billion in 2023 (about 8% of GDP) and continued growing despite global economic headwinds. For context, the Moroccan diaspora numbered about 3.6 million in 2024, up from 3.3 million in 2020. The main destinations for Moroccan migrants were France (1.06 million), Spain (0.79 million), Italy (0.45 million), Belgium (0.23 million) and the Netherlands (0.17 million). These migrants support families back home and invest in property, education and businesses.
Despite their importance, remittance costs remain high. African remittances average about 8% of the amount sent, compared with about 6% in other regions. The United Nations Sustainable Development Goal 10.c aims to reduce global remittance costs to 3%. Digital tools and competition among transfer providers are helping to lower costs and improve transparency.
Choosing the right transfer method depends on your priorities—cost, speed, convenience, payment method and recipient’s access to banking or cash. You can send money online to Morocco online from home through apps or websites that support international money transfer services. Here are the main options and how they work.
Specialised online providers are a type of international money transfer service and often offer competitive exchange rates and lower fees than traditional banks. Finder notes that online money transfer specialists typically provide better rates and cheaper fees than a local bank. Fintech apps often offer the best rates for the Moroccan Dirham (MAD) and lower fees than traditional cash transfer networks. These services allow you to fund a transfer using a bank account, debit/credit card, or digital wallets. Transfers may arrive within minutes, especially if the recipient chooses cash pickup or mobile wallet deposit. Some providers, including ACE, offer instant bank deposits up to €2,000, giving recipients immediate access to funds.
Advantages
Lower cost and transparent fees. Online providers usually use midmarket exchange rates, show currency exchange costs upfront, and because the Moroccan Dirham (MAD) is a closed currency, comparing provider pricing is especially important.
Speed. Transfers can be instantaneous. Wise reports that 74 % of transfers arrive in under 20 seconds and 95 % within a day.
Convenience. You can initiate a transfer 24/7 using a mobile app or website and track the transaction in real time.
Multiple payout methods. Recipients can receive money through bank deposit, cash pickup, mobile wallet or airtime topup.
Considerations
Identity verification. Providers often require proof of identification, address and source of funds to comply with anti-money laundering regulations. ACE lists accepted documents such as a passport, driver’s licence, EU issued ID card and proof of address and reserves the right to ask for additional documents.
Transfer limits. Some services impose sending limits. For example, Remitly caps new accounts at a few thousand dollars until the sender provides additional information.
Payment method. Using a debit or credit card typically incurs higher fees but leads to faster delivery. Paying via bank transfer is cheaper but can delay the transfer by one or two days.
Sending money directly from your bank account to the recipient's Moroccan bank account is perceived as safe and regulated. However, bank transfers tend to be costly and slow. Finder warns that banks usually charge extra fees and are often slower than other methods. US banks, for example, may add a 3% – 6% markup on exchange rates. Wise notes that bank transfers are “usually the cheapest option” when funding a transfer within its platform, but they can be slower than debit or credit cards.
Required information. To send money via bank transfer you need the recipient's full name, bank account number, the international bank account number (IBAN) and the bank's SWIFT/BIC code. The delivery time may vary from 1 to 5 business days depending on the banks involved.
Cash pickup is ideal for a family member, a friend or family member, or any recipient without a local bank account, and the chosen delivery method can affect how collection works. Companies such as ACE Money Transfer maintain extensive networks of agent locations in Morocco. Cash pickup services can be collected instantly at various partner locations across Morocco, which is useful when speed matters. Cash pickup transfers are typically delivered within minutes but often come with higher fees. The sender and recipient should both verify the agent’s operating hours, and the recipient must bring a government-issued ID that matches the spelling entered into the transfer along with the transfer code when collecting funds.
Your choice of payment method affects cost and speed. ACE Money Transfer accepts available payment methods, including debit cards, credit cards, online bank transfers via Trustly, Bancontact (Belgium), iDeal (Netherlands), Apple Pay and Google Pay. Similar options are available with other providers. Here are key considerations:
Debit or Credit Card. Provides immediate funding and fast delivery, and some providers accept a credit or debit card for faster funding, but the convenience incurs higher fees and potential cash advance charges by your card issuer. Paying by debit card is also suitable for urgent transfers.
Bank Transfer. Cheapest funding method, often used for large transfers, but it adds one or two banking days to the overall transfer time. Some services require bank account information when paying directly from a bank account.
Digital Wallet. Funding a transfer using Apple Pay, Google Pay or a bank connected wallet is quick and may come with promotional discounts. Availability depends on the provider and your country.
Alternate local methods. In certain European countries you can pay via Bancontact or iDeal; in the UK and parts of Europe ACE supports online bank transfer via Trustly.
ACE Money Transfer and similar providers offer several ways for your recipients to collect money:
Bank Deposit. Funds are deposited directly into the recipient's Moroccan bank account. Deposits are ideal for recipients who maintain bank accounts and want to save or invest funds.
Cash PickUp. Recipients collect cash from agent locations such as Cash Plus, Canal M Bank, BMCE Bank, Poste Maroc and Dirham Express. Cash pickups are instant but require valid identification and a transfer number.
Mobile Wallet. Transfers directly to mobile wallets like Orange Money enable recipients to pay merchants or withdraw cash from agents; this option is expanding quickly.
Airtime TopUp. ACE allows senders to purchase airtime credits for friends and family, enabling recipients to make calls or use data without receiving cash.
In addition, international providers such as Ria and Remitly offer home delivery (where available) and prepaid bank cards. When choosing a payout method, consider the recipient's access to banking, their location and urgency of the funds.
Selecting the right transfer service involves balancing cost, speed, convenience and security. Here are the most important factors to evaluate:
The cost of your transfer comprises the provider's fee plus the exchange rate margin. Finder points out that some providers charge flat or percentage based fees, while others offer lower fees but add a markup on the exchange rate. To get the best value, compare how many Moroccan dirhams your recipient will receive after fees and exchange rate conversion. Wise emphasises using the mid market rate and displaying fees upfront, providing predictability.
If you need the money to arrive quickly, opt for providers that offer instant or same day delivery; people who need to send money to morocco quickly often choose card-funded or instant-delivery services. Online services like Wise, Remitly and Revolut send funds “within minutes”, and some transfers from the uk quickly complete after setup, especially through app-based services. ACE’s debit or credit card transfers usually arrive within minutes, whereas bank funded transfers may take one or two business days. The overall speed depends on the payment method, time of day and whether extra documentation is required.
Always choose a provider regulated by the relevant financial authorities. Finder stresses that the safest way to send money is to use a provider registered with the Consumer Financial Protection Bureau and complying with laws in both the sending and receiving countries. ACE employs end to end encryption and secure channels to protect your funds. Remitly notes that it uses multiple levels of security and real-time fraud monitoring.
Check the maximum amount you can send. Some providers have low limits for new users (e.g., Remitly) while specialists like OFX or ACE allow higher or unlimited transfers. If you plan to send large sums, a specialist that offers tax advice, currency hedging and dedicated account managers—features emphasised by Finder—may be beneficial.
To comply with anti-money laundering regulations, providers must verify your identity and the source of funds. ACE requires proof of identity (passport, driver's licence or EU ID), proof of address (utility bill, bank statement, etc.) and proof of funds such as wage slips or bank statements. Have these documents ready to avoid delays.
Send larger amounts less frequently and monitor exchange rates to maximise value. ACE's blog advises sending larger transfers less often to reduce overall fees and waiting for favourable euro to dirham rates. Avoid sending money during weekends or local holidays when banks and agent locations may be closed and exchange rates may be less favourable.
Create an Account. Visit the ACE website or download the app and sign up with your personal details. Your first money transfer can usually be set up in a few minutes on the app or website. Provide a valid email and phone number and verify your identity using accepted documents.
Select Morocco as the Destination. In the transfer interface, choose Morocco and select the currency (MAD) your recipient will receive.
Enter the Transfer Amount. Use the built-in calculator to see the exchange rate, the fee and the amount your recipient will get after conversion.
Choose a Payout Method. Select between bank deposit, cash pickup, mobile wallet or airtime topup. For cash pickup, ensure your recipient can visit one of the partner locations such as Cash Plus or BMCE Bank.
Provide Recipient's Details. Enter your recipient’s full name (matching their ID), phone number and bank account details or mobile wallet number, depending on the chosen payout method.
Select Payment Method. Choose your funding option—credit or debit card, bank transfer via Trustly or Bancontact/iDeal (where available)—and confirm the total cost.
Review and Confirm. Double check all details, pay attention to the exchange rate and fees, and confirm the transfer in just a few taps. ACE will process the transaction and provide a reference number.
Track the Transfer. Use ACE’s real-time tracking through the app or website to see when your money arrives, with updates by text message, email, or in-app notification. To transfer money with confidence, tracking typically uses your reference number or PIN/order number in the app or website. Share the transfer number with your recipient so they can collect the funds if it’s a cash pick-up.
Below is a high level comparison of prominent services sending money to Morocco. Figures may vary by country and time, so always check current rates and promotions.
Provider | Key Features | Limitations |
ACE Money Transfer | Low fees, competitive exchange rates, instant bank deposits up to €2,000, multiple payout methods (bank, cash pick up, mobile wallet, airtime top up), real time tracking, regulated and secure, app available in multiple languages. | Requires identity verification; bank funded transfers may take 1–2 business days.acemoneytransfer.com |
Wise (TransferWise) | Uses mid market exchange rates with transparent fees; bank transfers are usually the cheapest funding method; 74 % of transfers arrive in under 20 seconds. | Card payments may cost more; transfers funded by bank account take longer. |
Remitly | Competitive exchange rates, low fees, secure; offers Express service for instant delivery and Economy for lower fees; supports bank deposit, cash pickup and mobile wallet; limits on initial transfers; charges for Express service vary by country. | New users have lower sending limits; fees vary by country; economy transfers can take longer. |
Ria Money Transfer | Extensive network with 13,000+ cash pickup locations in Morocco; allows bank deposit, cash pickup, home delivery and mobile wallet deposit; app and in person options; often runs promotions like zero fee on first transfer. | Exchange rate margins may be higher than online only providers; bank transfers can take up to 5 days. |
Western Union & MoneyGram | Global brands with broad agent networks; offer cash pickup and bank deposit; inperson and online options; money available in minutes. | Fees can be higher than digital competitors; exchange rate markups vary; some services require visiting an agent location. |
Compare total cost. Don’t focus solely on transfer fees—compare the amount your recipient receives after fees and exchange rate margins.
Choose the right payment method. Use a bank transfer for large amounts when speed is less important, and a card for urgent transfers; the best option also depends on the delivery method your recipient selects.
Send larger amounts less often. Consolidating transfers reduces fees and takes advantage of better rates.
Monitor exchange rates. Track MAD exchange rates and send money when the rate is favourable. Many apps allow you to set rate alerts.
Verify recipient details. Ensure the recipient’s name matches their ID and bank details to avoid delays and additional fees.
Plan around holidays and weekends. Transfers initiated outside business hours or on public holidays may be delayed.
Use secure connections. Avoid public Wi-Fi, set strong passwords and enable twofactor authentication to protect your account.
The cheapest method depends on where you live and how much you send, and people who send money abroad regularly often find online providers cheaper than traditional banks for Morocco transfers. Bank funded transfers through online providers such as ACE or Wise are often the least expensive because they use midmarket exchange rates and low fixed fees. Bank transfers directly via your bank may be more expensive, as US banks often add a 3 %–6 % exchangerate markup
Delivery times vary:
Debit or credit card transfers with ACE, Wise or Remitly usually complete within minutes.
Bank funded transfers may take 1–2 business days when using online providers.
Direct bank to bank international transfers can take 3–5 business days.
Cash pickup is generally instantaneous, but depends on agent opening hours.
You must provide your personal details and valid identification. For bank deposits, you need the recipient's full name, bank name, account or IBAN number and SWIFT/BIC code. For cash pickups, the recipient needs only a valid ID and the transfer reference number.
ACE requires proof of identity (passport, driver's licence or EU ID card), proof of address (utility bill, bank statement, etc.) and proof of funds such as wage slips or bank statements. Additional documents may be requested to meet regulatory requirements.
Transfer limits depend on the provider, destination country and your verification level. Some services restrict unverified accounts to a few thousand dollars, while others like OFX allow unlimited transfers. ACE offers high limits once your identity is verified. Check the provider's terms for specific thresholds.
Yes. Mobile wallets like Orange Money, Dirham Express and Cash Plus allow recipients to receive funds directly on their phones. Orange has opened remittance corridors from France to Morocco, enabling customers to deposit money directly into Moroccan Orange Money accounts at lower cost.
ACE offers competitive exchange rates, low fees, instant bank deposits up to €2,000, a choice of payout methods (bank deposit, cash pickup, mobile wallet and airtime topup) and 24/7 online service. It is fully regulated and employs end-to-end encryption. Users can fund transfers via cards, bank transfers, Bancontact, iDeal, Apple Pay or Google Pay.
Yes. With ACE and most online providers you can initiate a transfer 24/7. However, the recipient's bank or cash pickup location must be open to collect funds. Transfers initiated on weekends or public holidays may be delayed.
Exchange rate movements directly influence how many Moroccan dirhams your recipient receives. Monitor USD/MAD or EUR/MAD rates using apps or financial news and send when the rate is favourable. Some providers allow you to lock in a rate or set alerts. According to Finder, the mid?market rate (the rate banks use to trade with each other) is the benchmark; look for providers that offer rates close to this.
Policies vary. Some providers allow cancellation before the transfer is completed. ACE permits cancellation if the money has not been collected or deposited. Contact customer support immediately if you need to modify details.
Large transfers may trigger reporting requirements in both the sending and receiving countries. Specialists like OFX and Remitly offer guidance on tax implications. In Morocco there is no tax on personal remittances, but recipients should check local regulations for large or business related transfers.
Sending money to Morocco in 2026 is easier and more affordable than ever. With remittances exceeding US$13 billion and representing a significant share of Morocco's GDP, choosing an efficient, low cost service matters both to your family and the nation's economy. Online transfer providers such as ACE Money Transfer combine competitive exchange rates, low fees and instant delivery options to ensure your hard earned money reaches loved ones quickly and securely. By comparing providers, understanding payment and payout options, and following the tips outlined in this guide, you can make informed decisions and maximise the impact of every dirham you send home.
