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ramko61

@ramko61

Active member

American looking for information about Morocco

Forum

27 posts

About me

American

Lives in Marrakech, Marrakech-Tensift-A

Speaks English and Arabic

Registration: 11 October 2017

Activity

ramko61 replied to a thread
last year
nawalelmakni

Reliable internet connection by nawalelmakni

Hi,I plan to temporarily move to Morocco for my daughter’s schooling (6months). I will also be working remotely, and therefore would need a very reliable internet connection. I had a look on Maroc Telecom’s website and found their ...

ramko61

@ensamkurtMy box must be old or my location has a week signal. For me the $30/month because I don't have a contract, usually 1-2 months. Thanks for your update. Read More

ramko61 replied to a thread
last year
nawalelmakni

Reliable internet connection by nawalelmakni

Hi,I plan to temporarily move to Morocco for my daughter’s schooling (6months). I will also be working remotely, and therefore would need a very reliable internet connection. I had a look on Maroc Telecom’s website and found their ...

ramko61

I usually use Inwi hotspot around 20G for $30/month no contract. Both I and my wife work remote and have all our phones and TV streaming. Initially we had bad performance, we then moved it to a different location in our condo and we had no problem ... Read More

ramko61 replied to a thread
4 years ago
sleepessence

Convertible accounts in Morocco by sleepessence

Hello. I am an Australian lady who is moving to Morocco (Casablanca) after COVID19 is under control to be with my Moroccan fiance. I am looking at options I can transfer my Australian funds into Morocco and online research has shown that a ...

ramko61

If you are bringing cash for your initial deposit, you will have to declare it upon arrival. This is also for your own protection if you ever decide to transfer the money back to Australia. Moroccans are limited to how much foreign currency they ... Read More

ramko61 replied to a thread
5 years ago
ramko61

Buy new furniture local in Marrakesh or buy and ship from the US? by ramko61

People tell me it is very expensive to buy new furniture (non traditional Moroccan living room) in Morocco. Should I buy and ship from the US? Are there website where I can compare prices? Are the furniture made there good quality? I know just ...

ramko61

Thank you Weltevreden for your reply. Prices here vary depending on the make and quality. I’m aware of the taxes and they can be heavy. I wanted people’s opinion on the quality of the furniture there and what to expect to pay for good ... Read More

ramko61 created a thread
5 years ago

Buy new furniture local in Marrakesh or buy and ship from the US?

People tell me it is very expensive to buy new furniture (non traditional Moroccan living room) in Morocco. Should I buy and ship from the US? Are there website where I can compare prices? Are the furniture made there good quality? I know just ... Read More

ramko61 replied to a thread
5 years ago
shukranmv

US Citizen Bank Account Morocco by shukranmv

Hi, I am wondering if it is possible for me as a US citizen to open a bank account in Morocco. Am I able to do this without proof of a Moroccan residence?

ramko61

Yahya, I use my credit union visa debit for my atm withdrawals. I use my fidelity cc for cc charges. For the atm, my credit union refunds my atm fees. Fidelity charges me 1% for foreign charges but I get 2% back on all purchases Hopefully this ... Read More

ramko61 replied to a thread
5 years ago
shukranmv

US Citizen Bank Account Morocco by shukranmv

Hi, I am wondering if it is possible for me as a US citizen to open a bank account in Morocco. Am I able to do this without proof of a Moroccan residence?

ramko61

ATM withdrawal is your best bet. You'll get the best exchange rate. My bank in the US is a credit union instead of big bank, so they reimburse me for foreign ATM fees. When I am in Morocco, I use my credit card where accepted, the best rate if ... Read More

ramko61 replied to a thread
5 years ago
shukranmv

US Citizen Bank Account Morocco by shukranmv

Hi, I am wondering if it is possible for me as a US citizen to open a bank account in Morocco. Am I able to do this without proof of a Moroccan residence?

ramko61

My Moroccan bank, BMCE, sent me a W-9 form to fill and the bank submitted to the US authorities. I don't have to pay taxes because the money I transferred was already taxed. Read More

ramko61 replied to a thread
6 years ago
shukranmv

US Citizen Bank Account Morocco by shukranmv

Hi, I am wondering if it is possible for me as a US citizen to open a bank account in Morocco. Am I able to do this without proof of a Moroccan residence?

ramko61

for a starter, why do you need a bank account? Are you planning on visiting or live there? If you are visiting, I recommend you use your credit card for purchases and your US bank atm card for cash withdrawal. You'll have the best exchange ... Read More

ramko61 replied to a thread
6 years ago
traveller051216

Banks in morocco interest rates by traveller051216

Hi does anyone know how much which bank pays interest on covertable account? How often they pay? Thanks

ramko61

I have a convertible account with BMCE, basic account. I don't get any interest. They charge me fees 66 MAD quarterly. Read More

ramko61 replied to a thread
6 years ago
ramko61

Transferring money from the US to Morroco by ramko61

I read on this forum that it is better to use exchange companies instead of financial institutions. Can someone explain, in their experience, why it is better? I checked with my bank and brokerage companies, The cost for international wire ...

ramko61

I ended up opening a converter account at bmce. I transfers $75k with a low $50 fee and the exchange rate was excellent. The transfer was a deposit on a real estate. While I was in Morocco, I used my credit card where possible and my ATM card for ... Read More

ramko61 replied to a thread
6 years ago
Bringhtdon

personal bank account by Bringhtdon

please how can i open a personal / company bank account in Morocco,with out going there? is it possible?

ramko61

you have to be physically there Read More

ramko61 replied to a thread
6 years ago
Yahya411

What approximate interest rate do banks pay on your money in Morocco? by Yahya411

What approximate interest rate do banks pay on your money in Morocco? Can you deposit USD or does it have to be MAD? Do banks insure your money up to a certain dollar amount like they do in USA? Also, if you decide to close or withdraw large amount ...

ramko61

The initial transfer was done by a family member using his credit union, DCU. Future transfers, I will be using my Fidelity accounts. The transfers will only be for large amounts for the property purchase in Marrakesh. we made a decision to use ... Read More

ramko61 replied to a thread
6 years ago
Bringhtdon

personal bank account by Bringhtdon

please how can i open a personal / company bank account in Morocco,with out going there? is it possible?

ramko61

it is automated. I think, but not 100% sure, it is set by the international rate similar to CC and ATM transactions rather than the Moroccan banks. The reason for my thinking is how close the these rates are, CC, transfer and ATM. Read More

ramko61 replied to a thread
6 years ago
Yahya411

What approximate interest rate do banks pay on your money in Morocco? by Yahya411

What approximate interest rate do banks pay on your money in Morocco? Can you deposit USD or does it have to be MAD? Do banks insure your money up to a certain dollar amount like they do in USA? Also, if you decide to close or withdraw large amount ...

ramko61

My CC offers 2% back on all purchases. They charged me 1% for foreign transactions so I was left with 1% gain on my charges. But it was a win-win situation, higher conversion rate than cash and earned 1 % on top of it. My bank, a credit union, ... Read More