Sending to MAD
|TransferWise Fee||1.5% (or 30 MAD for under 2000 MAD)||When sending from currencies where the fee would normally be 0.5%, the fee is instead 1.5%.|
|Delivery time*||1-2 working days||*After payout. Please keep in mind that TransferWise can take up to two working days to convert your funds from receiving the deposit|
|Maximum amount (per transfer)||260,000 MAD|
|Countries we can send to||Morocco only|
|Additional Receiving Banking Fees||Yes*||Al Barid, Attijariwafa, BMCE, BMCI, Credit du Maroc and Societe Generale Maroc may charge a small receiving bank fee (up to 20 MAD)|
|Recipient Full Name||Yes||Please include first name and surname.|
|Recipient Local Account Number (RIB)||Yes||MAD Local Account number should be 24 digits|
|Recipient Bank name||Yes||Bank name can be selected via a dropdown list during transfer setup.|
|Amount Lock Transfers||No|
What is the RIB?
RIB stands for relevé d'identité bancaire, meaning statement of banking identity. It is a 24-digit account number identifying uniquely a Moroccan bank account. This is different from an IBAN. It starts with bank code (3 digits), followed by branch code (3 to 8 digits), account number (11 to 16 digits), and RIB key (2 digits).