Home » Morocco » Morocco – Banking

Morocco – Banking

Morocco, a country located in North Africa, has a well-established banking system. In this article, we will explore the main local banks, international banks, accounts and services for expats, typical bank opening hours, areas of concern, and the process for opening a bank account in Morocco.

Local Banks in Morocco

The main local banks in Morocco are:

  • Attijariwafa Bank – Attijariwafa Bank is the largest bank in Morocco, with over 4,000 branches worldwide. They offer a range of services, including personal banking, corporate banking, and investment banking.
  • Banque Populaire – Banque Populaire is a cooperative bank in Morocco, with over 1,000 branches in the country. They offer a range of services, including personal banking, corporate banking, and investment banking.
  • BMCE Bank – BMCE Bank is a Moroccan bank with international presence in Europe, Africa and Asia. They offer a range of services, including personal banking, corporate banking, and investment banking.
  • Credit Agricole du Maroc
  • https://www.creditagricole.ma

  • Societe Generale Maroc

International Banks in Morocco

In addition to the local banks in Morocco, there are also a number of international banks with a presence in the country. These include:

  • Citibank – Citibank is a multinational bank with a presence in over 160 countries worldwide. They offer a range of services, including personal banking, corporate banking, and investment banking.
  • HSBC – HSBC is a British multinational bank with a presence in over 60 countries worldwide. They offer a range of services, including personal banking, corporate banking, and investment banking.
  • Standard Chartered Bank – Standard Chartered Bank is a British multinational bank with a presence in over 60 countries worldwide. They offer a range of services, including personal banking, corporate banking, and investment banking.

Accounts and Services for Expats

Many banks in Morocco offer accounts and services specifically aimed at expats. These include:

  • Foreign currency accounts
  • International money transfers
  • International credit cards
  • Multilingual customer service

Expats should check with their chosen bank to see what specific accounts and services they offer.


Get Our Best Articles Every Month!

Get our free moving abroad email course AND our top stories in your inbox every month


Unsubscribe any time. We respect your privacy - read our privacy policy.


Typical Bank Opening Hours in Morocco

The typical bank opening hours in Morocco are:

  • Monday to Friday: 8:30 AM to 3:30 PM
  • Saturday: 8:30 AM to 12:30 PM
  • Sunday: Closed

Areas of Concern

One area of concern for expats in Morocco is the high cost of living. Banks in Morocco may also have high fees and charges for their services, so it’s important to compare different options before choosing a bank.

Opening a Bank Account

To open a bank account in Morocco as an expat, follow these steps:

  1. Choose a bank that meets your needs and make an appointment with them.
  2. Bring the necessary documents, which may include your passport, proof of address, and proof of income.
  3. Complete the application form provided by the bank.
  4. Provide any additional information or documents requested by the bank.
  5. Wait for the bank to process your application.

It’s important to note that opening a bank account in Morocco may require a significant initial deposit, and the bank may require you to maintain a minimum balance in your account. Additionally, some banks may require you to provide references or undergo a credit check before opening an account.


Latest Videos

In this short video, we dive into the significant health care updates and changes happening globally in 2024. From Germany's insurance cost adjustments to Cyprus's renewed COVID-19 precautions, we cover the essential news you need to know.  Germany's Health Insurance Update:  Starting in 2024, residents in Germany will see a slight increase in their health insurance costs, with a 0.1% rise to a maximum of 1.7%. This adjustment aims to expand coverage for medical care not currently included in statutory health insurance, such as select dental treatments, IVF, and early cancer screenings.  COVID-19 Measures Reintroduced in Cyprus:  With over 3000 new COVID-19 cases, Cyprus is stepping up its game by reintroducing health measures. Requirements now include proof of a negative COVID-19 test for entry into various facilities, emphasizing the importance of vaccination, especially for the elderly, to combat the evolving virus strains.  Free Health Trials in Trieste, Italy:  Trieste launches an initiative for free health screenings, including echocardiograms and blood tests, focusing on preventive care against non-communicable diseases. This move underscores the city's commitment to improving public health through early detection and prevention.  Spain's New Health Advice App:  Madrid introduces a groundbreaking app offering reliable health advice to counteract the widespread misinformation online. This app, part of the 'Madrid Te Cuida' initiative, will guide users to accurate information, from diet tips to medical queries, ensuring the advice is vetted by health professionals.  Expat Satisfaction with Healthcare in Mexico:  A study reveals that expat retirees in Mexico are largely content with the healthcare quality and costs, with many citing significant savings compared to the United States without compromising on care quality. This insight sheds light on the growing trend of healthcare tourism and relocation for medical reasons.  Stay tuned as we unpack these updates, providing you with the insights and implications of these healthcare changes. Whether it's the impact on your wallet or the quality of care you can expect, we've got you covered in this comprehensive overview of health care in 2024. Don't forget to like, share, and subscribe for more health news around the globe!

In this short video, we dive into the significant health care updates and changes happening globally in 2024. From Germany's insurance cost adjustments to Cyprus's renewed COVID-19 precautions, we cover the essential news you need to know.

Germany's Health Insurance Update:

Starting in 2024, residents in Germany will see a slight increase in their health insurance costs, with a 0.1% rise to a maximum of 1.7%. This adjustment aims to expand coverage for medical care not currently included in statutory health insurance, such as select dental treatments, IVF, and early cancer screenings.

COVID-19 Measures Reintroduced in Cyprus:

With over 3000 new COVID-19 cases, Cyprus is stepping up its game by reintroducing health measures. Requirements now include proof of a negative COVID-19 test for entry into various facilities, emphasizing the importance of vaccination, especially for the elderly, to combat the evolving virus strains.

Free Health Trials in Trieste, Italy:

Trieste launches an initiative for free health screenings, including echocardiograms and blood tests, focusing on preventive care against non-communicable diseases. This move underscores the city's commitment to improving public health through early detection and prevention.

Spain's New Health Advice App:

Madrid introduces a groundbreaking app offering reliable health advice to counteract the widespread misinformation online. This app, part of the 'Madrid Te Cuida' initiative, will guide users to accurate information, from diet tips to medical queries, ensuring the advice is vetted by health professionals.

Expat Satisfaction with Healthcare in Mexico:

A study reveals that expat retirees in Mexico are largely content with the healthcare quality and costs, with many citing significant savings compared to the United States without compromising on care quality. This insight sheds light on the growing trend of healthcare tourism and relocation for medical reasons.

Stay tuned as we unpack these updates, providing you with the insights and implications of these healthcare changes. Whether it's the impact on your wallet or the quality of care you can expect, we've got you covered in this comprehensive overview of health care in 2024. Don't forget to like, share, and subscribe for more health news around the globe!

YouTube Video UCB21b-C4O2aXm7H18_GsXMQ_nC_Fs6gU22U

Expat Focus International Healthcare Update January 2024

Expat Focus 31 January 2024 10:36 am

This error message is only visible to WordPress admins

Important: No API Key Entered.

Many features are not available without adding an API Key. Please go to the YouTube Feed settings page to add an API key after following these instructions.