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Most Economical Way to Send Remittance Morocco

MrAhmadKhan

Hello,

(This post is on behalf of a friend of mine)

A new moroccan expat in UAE, looking for ways to send money home in Morocco with minimum extra costs.
Anything more economical than WU and the likes of them, as they deduct tremendous amount of charges.

All help is appreciated. Thank you.

See also

Opening a bank account in the United Arab EmiratesOpening a bank account in DubaiPayment methods in the United Arab EmiratesIs there any UAE based lawyer here?How to transfer funds from UAE to Thailand
Bhavna

Hi Mr AhmadKhan,

Do not hesitate to create another thread on the Morocco forum so that you may get responses from members already there.

- Morocco forum

All the best,
Bhavna

MrAhmadKhan

Thank you for the suggestion.

Ulas Sadak

The most economical way to exchange one currency to another is to use an FX platform. Bank to bank is the most costly way but most of us do it this way as we are too lazy to give 20 minutes of our time to open an FX account (which is free) where we will save around 4% on all future exchanges.

Stuart1

Try Al Ansari Exchanges rather than WU. Wu are really thievy and have long queues too!

MrAhmadKhan

@Ulas Sadak

Can you be more elaborate and explain a bit further. Thank You

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MrAhmadKhan

Stuart1 wrote:

Try Al Ansari Exchanges rather than WU. Wu are really thievy and have long queues too!


Thank You for the suggestion. Will ask him to check it as well.