12 Jan 2026
Sending money home is more than a financial transaction; it’s a lifeline for families. In recent years, Moroccans living abroad have been sending record amounts of remittances back home. According to Morocco World News, remittances to Morocco reached around MAD 119 billion in 2024. Much of these funds are channeled through trusted banks such as Banque Centrale Populaire (BCP). A major Moroccan financial services group. In fact, BCP (also called Banque Populaire or Chaabi Bank) is Morocco’s second‑largest banking group and has the largest deposit base in the country. Its size and network make it a popular choice for receiving remittances from Europe.
As a Moroccan living in France, you may wonder whether you can send money directly to a BCP account in Morocco using ACE Money Transfer. The answer is a resounding yes. ACE Money Transfer enables bank deposits to all major Moroccan banks, including Banque Populaire. This comprehensive guide explains how to send money from France to a BCP account, why ACE is a smart choice, and how to ensure your transfer is fast, secure and cost‑effective. We also provide FAQs, tips and a comparison table to make sure you’re fully informed before your next remittance.
Before diving into the transfer process, it’s helpful to know more about your recipient’s bank. Banque Centrale Populaire (BCP) is a major financial services group in Morocco. The acronym BCP stands for the group’s central entity, which operates retail services primarily in Casablanca and El Jadida. BCP oversees eight regional banks across Morocco and, as of 2024, was Morocco’s second‑largest banking group behind Attijariwafa Bank. Its robust deposit base and network of branches make it a reliable partner for remittances.
BCP’s reputation extends beyond Moroccan borders. The group established its European subsidiary Chaabi Bank in Paris in the 1970s, allowing non‑resident Moroccans (NRMs) to access banking services abroad. This international orientation means BCP understands cross‑border remittances and works with regulated remittance partners like ACE Money Transfer.
For business customers, BCP’s website describes its International Transfer service as a simple and secure solution that enables you to quickly send funds to foreign recipients or receive funds from foreign senders entreprise.groupebcp.com. This underscores the bank’s commitment to fast, secure global payments.
Remitting funds via a licensed provider is essential. ACE Money Transfer is regulated under European financial laws and authorized by the UK’s Financial Conduct Authority. The platform uses end‑to‑end encryption, real‑time fraud monitoring and strong customer verification, giving users confidence that their money will reach its destination safely.
One of the biggest concerns for senders is whether their recipient’s bank is supported. ACE explicitly lists Banque Populaire (BCP) among the major banks it covers. This means your recipient can receive a deposit directly in their BCP account – no need for intermediary agents or risky cash pickups.
Traditional bank transfers from France to Morocco often include high fees and opaque exchange‑rate mark‑ups. ACE, on the other hand, offers low transfer fees and displays the exchange rate before you confirm. In many cases, the first transfer is fee‑free, making it economical for first‑time users. You can also send larger amounts less often to reduce fees.
Bank deposits via ACE are usually completed within hours. Transfers that used to take several days can now happen almost instantly thanks to a new instant‑bank‑deposit feature. You can send money anytime via the ACE mobile app or website; there is no need to visit a branch. ACE also provides real‑time tracking so you know when the money leaves your account and when your recipient’s BCP account is credited.
Beyond encryption and regulatory compliance, ACE offers instant email/SMS alerts and 24/7 customer support. These features allow you to track each step and get help whenever you need it.
Sending money to BCP in Morocco is straightforward. Although the example below is adapted from instructions for Italy, the steps are identical for France:
Traditional banks often charge high fees and require in‑branch paperwork for international transfers. ACE’s online platform provides convenience and cost‑savings. The table below adapts a feature comparison from ACE’s Italy to Morocco article and applies it to the France→Morocco corridor.
| Feature | Typical Bank Transfer to Morocco | |
Setup & verification | May require visiting a bank branch and completing paperwork | Fully online registration via website or mobile app; verification takes minutes |
Fee structure | Often higher fees plus hidden FX mark‑ups | Transparent fees displayed in advance; often lower overall cost |
Speed of delivery | 2–5 working days for international deposits | Usually same‑day or within hours |
Mobile convenience | Limited mobile options; may not support instant transfers | Full control via mobile app; send or track anywhere |
Specialised corridor | Generic transfer service | Tailored for Moroccans; supports BCP directly |
This comparison clearly shows why using ACE for BCP transfers offers advantages in speed, price and convenience.
Yes. ACE supports all major Moroccan banks, including Attijariwafa Bank, BMCE Bank, Banque Populaire (BCP), CIH Bank, Bank of Africa and Crédit Agricole du Maroc. When sending to BCP, simply choose “Banque Populaire” as the payout partner during the transfer.
Transfers from France to a BCP account via ACE are typically completed within hours, especially when you input all details correctly. Instant bank deposits (up to €2 000) are becoming available thanks to partnerships with Dirham Express.
You need the recipient’s full name, BCP account number/IBAN and the SWIFT/BIC code (usually BCPOMAMCXXX). It’s important to specify that the transfer is for personal family remittance.
Yes. ACE is regulated by the FCA and uses end‑to‑end data encryption, real‑time fraud monitoring and strong customer verification. You’ll also receive instant alerts and can track your transfer.
While ACE doesn’t set a strict cap for verified users, EU regulations may require additional ID verification for very large transfers. Completing the full KYC process increases your limit.
You can fund your transfer using a bank transfer, debit/credit card or sometimes digital wallets like Apple Pay or Google Pay. Choose whichever method is most convenient.
No. You don’t need an account with Banque Populaire in France. You only need to sign up with ACE, verify your identity and pay using your French bank or card. Your recipient must have a valid BCP account in Morocco.
Incorrect beneficiary details can delay or return your transfer. Always review names, account numbers and the SWIFT code before confirming.
After sending the payment, use the ACE mobile app or website to monitor the status. You will receive notifications at each stage, from the moment your payment is processed to when the funds are deposited in your recipient’s BCP account.
ACE converts euros (EUR) from France into Moroccan dirhams (MAD) at competitive rates. You pay in EUR, and your recipient receives MAD in their BCP account. ACE may support other sending currencies, but EUR→MAD is the standard corridor from France.
Remitting money to Morocco should be a seamless, transparent experience – not a source of stress. Moroccans abroad contribute billions of dirhams annually to their home country, and choosing the right channel ensures their hard‑earned money arrives safely and efficiently. Banque Centrale Populaire (BCP), as Morocco’s second‑largest bank, provides a strong, reliable network for recipients. ACE Money Transfer complements this by offering a regulated, low‑cost, fast and user‑friendly service to deposit funds into BCP accounts directly.
By following the steps outlined in this guide, you can confidently send money from France to your loved ones in Morocco, knowing that your transfer is handled by trusted institutions on both sides. Remember to compare rates, verify your recipient’s details and use ACE’s real‑time tracking to stay informed.
Ready to make your first transfer? Check out how simple it is to Send Money to Morocco through ACE, and see why thousands of Moroccans abroad trust ACE for their remittances. For more details on BCP’s capabilities, visit the bank’s international transfer service entreprise.groupebcp.com. With the right partner, supporting your family back home is easier than ever.
