Banking & Finance
Which foreign individuals are mentioned?
Under the instruction’s heading for foreigners’ foreign-currency and convertible-dirham accounts, banks are authorised to open those accounts in the names of foreign individuals who are residents or non-residents. This guide describes those account types. It does not establish a general right to every bank product, an acceptance decision or a universal document pack.
Can the account run an overdraft?
The cited rule says these accounts must not run debit. Its stated exception concerns a foreign-currency account of a company in an industrial-acceleration zone with a credit line from a Moroccan bank, within the contractual line. That company-specific exception is not a general overdraft permission for a foreign individual.
What funding entries are listed?
The instruction lists transfers from abroad and transfers from foreign-currency or convertible-dirham accounts among the permitted credit entries. The full provision contains other entries and conditions. This summary does not establish that any source of money can fund the account or that another product follows the same rules.
What evidence is required for foreign cash deposits?
For deposits of foreign banknotes under this provision, the bank must receive either the original currency-import declaration made to border customs, no more than six months old, or an exchange slip or other document, no more than one month old, showing that the banknotes were previously withdrawn from that same account. This is a condition on cash funding. It must not be presented as the document checklist for opening every account.
What payments does the provision describe?
The listed debit operations include payments in Morocco or abroad, including banknote withdrawals, and the creation of term deposits. This description applies to the cited account framework; it is not a blanket permission for every international transfer or every type of bank account.
Which version was read?
This guide uses the official foreign-exchange instruction whose commencement clause says its provisions enter into force on 1 January 2026. The text was read in a copy published by the Centre Régional d’Investissement Casablanca-Settat. The regulator’s direct site rejected access during this review, so its search excerpts were not used as proof of the rules. The reading date is separate from the instruction’s legal commencement.
What the official sources used here do not settle
The instruction provisions read here do not establish a particular bank’s acceptance of an applicant, its complete identification requirements, fees, opening times or remote onboarding. This review does not establish the deposit guarantee amount, personal tax treatment or the rules for every ordinary dirham account. Confirm the account name and current written requirements with the bank and the relevant authority.
Related: Morocco country guide, Get your free results → and banking in Montenegro.
Corrections in this revision
remove unsupported rankings, generic fees and opening times, universal document packs and blanket promises about international transfers.
See recorded sources
- Office des Changes, Instruction Générale des Opérations de Change 2026; official regional investment-centre publication (CRI Casablanca-Settat) — Morocco (national foreign-exchange regulation). IGOC 2026 final commencement clause: provisions enter into force 1 January 2026. Official Office des Changes instruction published by Centre Régional d’Investissement Casablanca-Settat; regulator direct URLs returned Request Rejected, not used as evidence. Read on 30 October 2026.
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About the author
António Mira is the founder of whereTOemigrate. For over a decade he has worked at the intersection of Portuguese real estate and overseas business, helping international clients navigate the cross-border decisions that come with relocating. He sits on the board of CCIAP (Portuguese-Arab Chamber of Commerce), the Portuguese-Saudi Business Council, and the Portugal-Hong Kong Business Association — always with one focus: enabling overseas business and human mobility into and out of Portugal.
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