Unicorn Currencies
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🇨🇦→🇲🇦

Send Money from Canada to Morocco

Businesses in Canada paying Morocco suppliers for Phosphates. Send CAD from Canada, receive MAD in Morocco with t+0 (2.3s avg within unicorn network).

✓ Competitive Advantage: Local CAD collection + local MAD delivery = no correspondent bank fees

Save £2,419 per £100k Payment

Canada to Morocco corridor savings

Traditional Bank
£2,924
  • ❌ 2-3 day settlement
  • ❌ Multiple correspondent banks
  • ❌ Hidden FX margins
  • ❌ High SWIFT fees
Unicorn Currencies
£505
  • ✓ T+0 (2.3s avg within Unicorn network)
  • ✓ Local CAD collection
  • ✓ Transparent 0.5% spread
  • ✓ SIMT (Système Interbancaire Marocain de Télé-compensation)
Your Savings
83%
£2,419 per £100k
At £300k-£3M monthly, save £6,054/year

Sending from Canada: What You Need to Know

CAD Origin Specifics

  • CAD commodity currency (tracks oil/resources)
  • Interac e-Transfer for fast payments
  • FINTRAC oversight

Your Local Advantages

  • Local CAD account available
  • EFT (Electronic Funds Transfer) instant collection
  • No correspondent bank fees on origin side
Local Collection Method
EFT (Electronic Funds Transfer)
T+1 to T+3 • Canadian domestic bank transfers. Standard clearing.

Paying Suppliers in Morocco: Compliance & Requirements

Regulatory Considerations

  • Bank Al-Maghrib FX regulations
  • Moroccan Customs documentation
  • VAT (20%) on goods and services
  • Office des Changes oversight for FX transactions

Payment Best Practices

  • Morocco = Phosphate leader (70% global reserves), automotive hub
  • SIMT standard for MAD payments
  • Casablanca + Tangier = Main business/manufacturing centers
  • EU trade ties - close integration with European supply chains
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via SIMT (Système Interbancaire Marocain de Télé-compensation)

Canada → Morocco Corridor Insights

Popular Industries

  • Phosphates
  • Textiles
  • Automotive

Peak Trading Hours

EST/PST (GMT-5/-8) to GMT time zone consideration

Best for rate execution and faster settlement

Typical Volume

£50k-£250k

Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.

Ready to Send CAD from Canada to Morocco?

Save 83% on every payment with t+0 (2.3s avg within unicorn network). Local CAD collection available.

Open AccountView Morocco Details

Bank of Canada registered PSP | FINTRAC licensed MSB