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Opening a bank account in Morocco
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PostPosted: Sun Oct 22, 2006 11:48 am    Post subject: Opening a bank account in Morocco Reply with quote

Shame about the loss of posts.
Anyhow, suppose it gives a chance for economical use of threads

Can this one be all about opening a bank account in Morocco.
I've asked my agent to forward all documentation regarding same and just wondering how you all have got on - if you;ve gone done that route yet.

I will of course provide feedback from my own experiences
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Popcorn
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Joined: 09 Jul 2006
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PostPosted: Mon Oct 23, 2006 10:15 am    Post subject: Reply with quote

I have opened a "convertible" account with Banc Populaire (Star Street, Paddington) as this is the only Moroccan bank who have a branch in London. Only sterling can be paid into the account which means it is not good for large sums as you cannot use a moneybroker.


Last edited by Popcorn on Fri Nov 10, 2006 1:01 pm; edited 3 times in total
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slave11

Joined: 29 Sep 2006
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PostPosted: Mon Oct 23, 2006 9:12 pm    Post subject: Reply with quote

tks for reply, don't know why my user id did not pop up on original post but there you go!
I'm Euro based so will be looking further afield
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PostPosted: Tue Nov 07, 2006 3:43 pm    Post subject: Reply with quote

Does anyone know if this is a service that your appointed solicitor will do for you? Or do you have to open one independently?
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Graeme
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PostPosted: Tue Nov 07, 2006 5:01 pm    Post subject: Reply with quote

I supose it depends on the solicitor. I went with Legalex and it is included in their scope of activities.
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The Soup Dragon

Joined: 25 Aug 2006
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Location: Glasgow
 
 
PostPosted: Tue Nov 07, 2006 6:58 pm    Post subject: Reply with quote

I'm with CBA and they have charged an additional £75 to set up account for me. Got some documentation through this morning - looks like my account has been set up with branch of Banque Populaire in Saidia.
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slave11

Joined: 29 Sep 2006
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PostPosted: Wed Nov 08, 2006 8:16 pm    Post subject: Reply with quote

I've filled out all the forms for Societe Generale who have a branch in Nador, they also have limited internet banking which is all difficult through French but not impossible, so far has not cost me anything, just internet translation engines to ensure I filled the forms out correctly
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exfcsm

Joined: 23 Jan 2008
Posts: 8
Location: Saidia, Morocco
 
 
PostPosted: Mon Feb 08, 2010 10:58 pm    Post subject: Opening a Bank account in Saidia Reply with quote

Hello all

As I am living here, I have made the effort to find out a little more about opening an account for foreigners in Morocco.

There are now 3 banks in the Medina of Med-Saidia. Societe General, Bank Populaire and Atajariwafa Bank. All offer much of a muchness, although in my experence, the Sog Gen is the most professional and helpful.

You can walk in with your passport, copy of a UK utility bill, UK bank statement and you're away. They also offer internet banking, although this can be slightly hit and miss, especially as you have to collect the log in details directly from the bank in person.

All banks can also offer mortgages to foreigners, providing you meet the required criteria. 6 months salary slips, a letter from your employer stating you work for them and a passport.

If you need any further information, please do not hesitate to contact me.

Shani in Saidia.

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