Hi there
I’m new to Revolut. I haven’t used my Revolut card yet, but i’m traveling to Morocco next week and I thought that would be the best time to try it out
I converted part of the money I have in DKK to MAD and now I have two Accounts (wallets I believe is the right term).
As usual, I will go ahead and always select payments in MAD (local currency).
Would that be enough so my withdraws (from ATMs) and payments will use the Account in MAD currency? I haven’t seen any options around my free Revolut account that would indicate what would happen in such cases.
Beware that if you’re using Revolut Mastercard instead of Revolut Visa, transactions will be initially authorized in USD and only at the settlement date will be processed at the original MAD amount. This means that they will not be taken from your MAD wallet.
If you have Mastercard, I strongly recommend that you temporary disable all other wallets (and empty your main account wallet), and only keep money in your MAD wallet. This way , although transactions will initially show as USD, they will be settled at the right MAD amount a few days later. This doesn’t apply to ATM transactions as they will be authorized and processed in MAD.
If you have Revolut’s Visa card then all transaction will be directly authorized and taken from your MAD account.
One more thing (and important :)) , Some ATMs will charge you the equivalent of 2 Euros for each withdrawal without telling you. The only 2 banks that I found not charging this fee is BMCI (Has BNP Paribas’ logo) and Banque Populaire.
Hi,
Just to add to the above, when in Agadir the only banks we could find that didn’t charge a withdrawal fee were BMCI (as stated above, look for the BNP Paribas logo) and Dar Al-Amane.
Banque Populaire, for us, charged a withdrawal fee as did every other bank cashpoint we visited apart from the two above.
Withdrawal fees were around 30 Dirhams to withdraw 500 Dirhams.
As of late June 2019, I have tried cash withdrawal using both BMCI and Banque Populaire in Casablanca. BMCI does NOT charge a fee, however Banque Populaire will charge a fee of roughly 30 dirhams (around 3 Euro at current exchange rate).
Hi Zeekha! Bank Al-Maghrib did not charge fee with MasterCard when I went in May 2019. credit card use is not widely spread so better to have cash. Restaurant usually accept card with a minimum of about 100 MAD.
As of March 2023 BMCI now charges a 28 MAD withdrawal fee (VISA). Dar Al-Amane bank was the only bank that I could find that didn’t charge a withdrawal fee.