Last updated on August 22nd, 2023 at 01:44 pm
Over 4 million Moroccans are living abroad, and if you’re one of them, you may be looking for a better way to send money home. Remittances like yours are essential and make up about 7% of Morocco’s GDP.
But as you probably already know, sending money to Morocco can be expensive and time-consuming. High transfer fees, unclear exchange rates, and unpredictable money arrival times are just some of the problems that Moroccans abroad face when sending remittances.
Remitly was created to make the process easier.
Millions of people use Remitly to send money around the world. One common option is to send remittances as a bank deposit or a cash pick-up. In Morocco, this includes sending money to Banque Populaire. It only takes a few minutes to start a transfer.
Send Money to Banque Populaire in Morocco
First, download the Remitly app and make an account. Once we verify your account, you can make your first transfer. Here’s how:
- Select Morocco as your destination;
- Choose either “Bank Deposit” or “Cash-pickup”;
- Select “Banque Populaire”;
- Type in your recipient’s name, address, and bank account number. Add their phone number if you want them to receive SMS/text message updates; and
- Add your payment information.
Now you’re finished. That’s really all it takes to start a transfer. And once you click “Send”, you can begin tracking your transfer from the app.
If you selected the option for your recipient to receive SMS/text updates, they will also receive notifications on the transfer’s progress.
Why Should I Use Remitly to Send Money to Banque Populaire?
Remitly was designed to be easy. We know life abroad is complicated, and the last thing you want is to be tangled up in money transfers. Sending money home should be simple and safe.
So not only does it take just a few minutes to send money to Morocco, we also offer easy-to-understand pricing. Check out our low rates and great exchange rates, and we think you’ll agree.
How Quickly Will my Money Arrive at Banque Populaire?
We offer two delivery options. You can transfer money to Banque Populaire de Maroc immediately. If you have more time, you can choose for it to arrive within 3-5 days. The only difference is the fee.
You’ll get the same benefits no matter which option you choose.
How Much Money Can I Send to Banque Populaire in Morocco with Remitly?
The simple answer: As much as you need to. But to comply with international regulations and keep you safe, we have a spending limit. You can easily increase your limit. All you have to do is submit a few documents for verification.
You can immediately send the following without the extra paperwork:
- $2,999 in 24 hours
- $10,000 in 30 days
- $18,000 in 180 days
Is it Safe to Send Money to Banque Populaire with Remitly?
According to millions of users across the world, Remitly is safe and secure.
We use essential protections like two-factor verification (using your phone number and a password) for logins. Every account is verified and we employ bank-level encryption to secure your money transfers and account data.
To ensure that we are always using data security best practices, we have a full team of in-house security professionals.
But that’s not all. If there’s ever an error or issue in delivering your transfer, you will get your money back.
More about Banque Populaire of Morocco
Banque Populaire de Maroc is the largest bank network in Morocco. It boasts 1,422 branches, 2,603 distribution points, and more than 1,911 ATMs. For many Moroccans, it’s a go-to banking destination.
Founded in 1926, this bank has been there throughout the Kingdom’s struggle for independence and continues to proudly serve customers across the country.
In addition to having international offices in Germany, England, Canada, Spain, France, Gibraltar, Netherlands and Belgium, the Banque Populaire also focuses on creating sustainable initiatives, such as offering accessible financing options for Moroccans.
Furter reading: How To Safely Send Money to Morocco in 5 Easy Steps
Why wait? You can start sending money home to Morocco today. It’s easy to make a transfer to Banque Centrale Populaire or many other Moroccan banks. With the ability to track your money through our app, you’ll never have to wonder when your money will arrive.