Morocco is a prime destination for tourists, digital nomads, expatriates, and entrepreneurs due to its rich culture, breathtaking landscapes, and growing economy. In 2024, over 17 million people visited Morocco, further solidifying its status as a top African travel and business hub.

However, many non-citizens face difficulties purchasing the Moroccan dirham (MAD). Traditional banks and currency exchange bureaus often involve long processing times, extensive paperwork, and unfavourable exchange rates.

Fintech solutions like Grey provide a more seamless and cost-effective approach to buying MAD as a non-citizen. Discover where to buy Moroccan dirhams online in this article.

Where to buy Moroccan dirham online

While Grey stands out as a reliable fintech solution for buying MAD, other options exist.

• Grey (Recommended) – Grey is a fintech platform that simplifies international transactions and currency exchange. It is particularly beneficial for digital nomads, freelancers, and travellers who need to exchange money efficiently without the high fees and delays associated with traditional banking systems.

Read also: Top virtual banking solutions for freelancers in Morocco

• Wise (formerly TransferWise) – Wise allows users to convert and transfer funds to Moroccan bank accounts with transparent fees and competitive exchange rates.
• PayPal Xoom – Xoom by PayPal enables international money transfers to Morocco, allowing users to send MAD directly to bank accounts or for cash pickup.
• Revolut – Revolut offers multi-currency accounts and allows users to exchange and hold MAD, making it a convenient option for frequent travellers.
• Western Union Online – Western Union provides online currency exchange services, allowing users to send MAD to recipients in Morocco for bank deposits or cash pickup.

Read also: How to get an instant USD debit card in Morocco

How to buy Moroccan dirham online with Grey

Follow these simple steps to exchange your funds for MAD using Grey:

1. Sign up on Grey – Create an account on Grey’s website or download the mobile app. Complete the registration and verification process.

1. Fund your account – Deposit funds into your Grey wallet using supported currencies such as USD, EUR, or GBP.

1. Convert to MAD – Use Grey’s exchange feature to convert your funds into Moroccan dirhams at competitive rates.
2. Withdraw or use your funds – Transfer the MAD to a local Moroccan bank account or withdraw it as cash when needed.

Read also: How to open US, UK and Euro bank accounts in Morocco

Benefits of using Grey to buy MAD

Here’s why Grey is a superior option for exchanging your funds for Moroccan dirhams:

• Competitive exchange rates – Grey offers better rates than traditional banks and exchange bureaus.
• Lower fees – Minimal transaction costs make it a cost-effective choice.
• Convenience – Transactions can be completed online, eliminating the need for physical visits to exchange bureaus.
• Speed – Fast processing times ensure you can access your MAD quickly.

Exchange Moroccan dirham effortlessly

Buying MAD from traditional banks and exchange bureaus in Morocco can be costly and time-consuming.

Grey provides a modern, cost-effective, and efficient solution for currency exchange and global transactions. By leveraging Grey’s platform, travellers, digital nomads, and expatriates can enjoy seamless transactions with competitive rates and minimal fees.

Sign up on Grey or download the mobile app today to buy MAD with ease.

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