Sending €100,000 to Morocco in one transfer is legal — but your bank can refuse
Yes, a Moroccan living in France can transfer 100,000 euros to Morocco in a single transaction. Regulations set no general limit, but the person’s bank may cap the amount allowed and ask for documents showing where the money came from.
The sale of an apartment, savings built up over years or a property purchase to finance in Morocco: 100,000 euros can be sent in a single transfer. The first obstacle is often the bank’s limit, which for online transactions may be below that amount.
The French Ministry of the Economy says banks set their own limits. Customers can ask their bank adviser to temporarily raise their limit to make the transfer.
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For a transfer of this size, the bank may ask for pay slips, savings account statements, a sale deed or inheritance documents. It may also ask for the reason for the transfer. These checks can delay its processing.
Fees and exchange rates: 1% means 1,000 euros
Since Morocco is outside the SEPA zone, the transfer generally goes through the SWIFT network. The sender provides the beneficiary’s identity, bank details and the Moroccan bank’s BIC code. According to the Bank of France, the usual processing time is four business days.
Sending, intermediary and receiving fees may be added to the currency conversion charges. A 1% difference in converting 100,000 euros amounts to about 1,000 euros. Comparisons should therefore be based on the amount actually credited in Morocco.
The Foreign Exchange Office allows MREs to receive these funds in foreign-currency or convertible-dirham accounts, with different rules for conversion and use.
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For a transfer to a relative, the nature of the payment, including a family gift, may have tax implications. Anyone with a Moroccan bank account who is tax-resident in France must also declare it to the French tax authorities using form 3916.
