Open Bank Account Morocco Foreigner 2026 — Convertible Dirhams, Moving Money Out
Open bank account Morocco foreigner guide for 2026 — convertible dirham accounts, Office des Changes transfer rules, documents, fees and costly pitfalls. The post Open Bank Account Morocco Foreigner 2026 — Convertible Dirhams, Moving Money Out appeared first on The Rio Times .
Opening a bank account in Morocco as a foreigner involves understanding the country's exchange controls and convertible dirham accounts. These accounts allow foreign money to remain legally foreign within Morocco and can be transferred out, but only following specific rules. To open an account, foreigners need to provide basic documents such as a passport, proof of address, and proof of income or source of funds.
Reserve accounts for residents can be opened at any bank, while foreigner accounts must meet specific criteria set by Article 228 of the 2026 rulebook. There are no minimum deposit requirements for these accounts, and banks set their own deposit, account-keeping, and card fees. Card acceptance is common in urban areas, but the exchange rules apply to salary, pension, and professional income earned locally.
Transfers to foreign accounts are allowed and not capped, as long as local taxes and social contributions are deducted.
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