Bank of Africa review

Updated October 13, 2026 · VaultCue Editorial Team

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Our verdict

Bank of Africa centres its personal range on accounts, cards, credits and insurance for life in Morocco. It suits individuals who want everyday banking that stays close through branches, machines and mobile access.

Key facts

Best for
Everyday personal banking in Morocco
Monthly fee
MAD 0 to MAD 9↗
Transfer fee
Free↗
Legal entity
BMCE Bank of Africa↗
Headquarters
Morocco↗
Founded
1959↗
Support channels
Phone, Help-centre↗
Audience
Expats, Students
Pricing model
No monthly fee
Features
Joint account
Official website
bankofafrica.ma

Savings

Rate type
Fixed↗
Term
1 to 24 months↗
Access terms
Funds blocked for chosen term; advance possible↗
Account kind
Fixed↗

Facts checked September 29, 2026, 5 sources

Apps and profiles

Pros and cons

Pros

  • Everyday accounts adapt to daily routines for individuals in Morocco
  • Personal range combines accounts, cards, credits and insurance
  • Mobile access keeps personal banking close wherever customers go
  • African vision gives personal banking a clear wider purpose

Cons

  • Personal banking stays centred on Morocco rather than wider regions
Bank of Africa

Ready to try Bank of Africa?

Who it suits

  • Residents of Morocco managing daily money
  • Individuals wanting accounts with cards and insurance
  • Customers who value banking with an African outlook

Who should look elsewhere

  • People living outside Morocco

Where Bank of Africa is available

Available
Morocco

Countries from the brand (Source, checked September 29, 2026)

Frequently asked questions

What products does Bank of Africa cover?+

Bank of Africa covers personal banking with accounts, cards, credits and insurance. The range is built around daily needs rather than a single product. Customers can manage several personal money matters with one provider.

Where does Bank of Africa operate?+

Bank of Africa serves individuals in Morocco. Its personal banking message speaks directly to daily life in that country. People living outside that market will find less relevance in the range.

Who is Bank of Africa for?+

Bank of Africa suits people who want an account that follows daily routines. It also suits customers who like cards, credit and insurance alongside an account. Individuals seeking straightforward personal banking will recognise the approach.

How does everyday banking work at Bank of Africa?+

Bank of Africa presents banking that stays close to customers through branches, machines and mobile access. The idea is to simplify daily money management across accounts and cards. Social channels extend that presence beyond physical locations.

What vision stands behind Bank of Africa?+

Bank of Africa expresses confidence in Africa and its potential for the century ahead. It describes the continent as dynamic and anchored in its time. That outlook frames its role as a bank that believes in African people.

Sources

Compiled from 6 source pages, checked October 13, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection, Currency conversion fee, Currencies.

Bank of Africa

Bank of Africa

Everyday personal banking in Morocco

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