🇬🇧→🇲🇦
Send Money from United Kingdom to Morocco
Businesses in United Kingdom paying Morocco suppliers for Phosphates. Send GBP from United Kingdom, receive MAD in Morocco with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local GBP collection + local MAD delivery = no correspondent bank fees
Save £2,419 per £100k Payment
United Kingdom 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 GBP 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 United Kingdom: What You Need to Know
GBP Origin Specifics
- GBP free-floating currency
- Post-Brexit customs documentation
- FCA regulated payment services
Your Local Advantages
- Local GBP account available
- Faster Payments instant collection
- No correspondent bank fees on origin side
Local Collection Method
Faster Payments
Instant (T+0) • UK domestic instant payments. Money available immediately.
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)
United Kingdom → Morocco Corridor Insights
Popular Industries
- Phosphates
- Textiles
- Automotive
Peak Trading Hours
GMT 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 GBP from United Kingdom to Morocco?
Save 83% on every payment with t+0 (2.3s avg within unicorn network). Local GBP collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB