How to Open a Bank Account in Morocco
-
Fatima Saif
- . November 1, 2025
- . Update: November 1, 2025 8:42 pm
The first week in Morocco usually begins with small confusions, new currency, new streets, and new habits. One of the first real tasks people face is figuring out how to open a bank account in Morocco. It’s not hard, just a little different.
The system runs on papers, stamps, and real conversations at the counter. Once done, life becomes easier, paying rent, getting paid, or even buying that morning mint tea without counting cash every time.
Can Foreigners Open a Bank Account in Morocco?
Foreign nationals can open an account quite easily. Banks in cities like Casablanca or Rabat are used to foreigners walking in with folders of documents. Staff usually speak French or English, sometimes both.
There are two main options.
- Resident accounts, for those who live or work in Morocco.
- Non-resident accounts, for visitors or investors dealing mostly in foreign currency.
Most expats prefer Attijariwafa Bank, BMCE Bank, Banque Populaire, or CIH Bank. They’re large, responsive, and familiar with international clients. A short visit and clear paperwork usually settle it. One small piece of advice, carry extra photocopies. Moroccan branches love their paperwork.
Types of Bank Accounts in Morocco
People can choose among three main types. Each one fits a specific need.
| Type | Common Use | Notes |
| Current Account | Everyday transactions | For salary, bills, or withdrawals. |
| Savings Account | Set aside money | Gives a small interest, easy access. |
| Foreign Currency Account | For expats or traders | Works in euro, dollar, or pound. |
For daily life, current accounts are enough. Savings work for longer stays, while foreign accounts help those getting paid abroad. Feels simple once you see it written down, though the names sound a bit formal.
Required Documents to Open a Bank Account
Each bank asks for the same base set of papers:
- Passport or Moroccan ID
- Proof of address (like an electricity bill or rent slip)
- Employment letter or income proof
- Residence permit for long-term stays
A few banks want copies translated into French or Arabic. Some even have translators nearby. The counters smell faintly of paper and ink, small things that remind one this is still old-style banking, no rush, just steady order.
Step-by-Step Process to Open a Bank Account in Morocco
It usually goes like this:
- Walk into a branch and ask for the “compte bancaire” form.
- Submit your documents.
- The officer fills details into the system.
- Deposit a small starting amount, maybe 100–200 MAD.
- Receive your debit card and account number in a day or two.
Most banks finish within an hour, except during lunchtimewhen queues move slower. The key is patience. Morocco moves at its own pace, calm but sure. That’s how it’s always been.
Best Banks in Morocco for Foreigners
Some names come up again and again.
- Attijariwafa Bank: big reach, steady service.
- BMCE Bank (Bank of Africa): good for international transfers.
- Banque Populaire: simpler fees, trusted by locals.
- CIH Bank: best for digital apps.
Each offers online access now. Still, locals often prefer walking in. There’s comfort in seeing a person behind the counter. That small chat, even if it’s about weather, feels reassuring.
Online and Digital Banking in Morocco
Online banking has grown fast. Mobile apps handle transfers, bill payments, and even SIM recharges. For many expats, this saves a lot of time.
Yet, the older generation keeps branch visits, maybe it’s a habit, maybe comfort. Both ways work fine. The digital setup is modern, just not flashy. Practical, that’s the word.
Common Challenges and How to Avoid Them
Language barriers, delayed verifications, and sudden public holidays can slow things down. Best to go early in the week. Also, bring both printed and digital copies of your documents. A few officers still prefer paper over email attachments.
Fees differ between banks. Some charge more for foreign transfers or card renewals. Reading the terms line by line helps avoid surprises later. It’s boring, yes, but saves headaches.
Tips for Managing Your Moroccan Bank Account
- Activate online access the same day.
- Withdraw cash from your bank’s ATM to avoid small extra charges.
- Keep receipts, Moroccan systems love proof.
- Monitor exchange rates before converting currencies.
One small thing, carry a little notebook for transaction notes. It sounds old-fashioned, but when systems lag, that note saves the day.
How to Open a Bank Account in Morocco
Opening a bank account in Morocco takes patience, but it’s straightforward once started. Choose the right bank, bring your papers, talk to the teller, and let the process run its way. After that, daily life feels smoother. Bills, rent, transfers, all easier. Small effort, big relief.
FAQs
1. Can foreigners open a bank account in Morocco easily?
Yes, most banks allow it with valid identification and residence proof.
2. Which banks are suitable for expatriates?
Attijariwafa Bank and BMCE Bank are most preferred for foreign customers.
3. How long does it take to open an account?
Usually one or two days, depending on document checks.
4. Do Moroccan banks support online services?
Yes, almost all major banks have mobile and web platforms.
5. What currency is used for local bank accounts?
Accounts usually operate in Moroccan Dirham (MAD), though foreign currency options exist.
