Atlantic Money

Atlantic Money transfers review

New app Atlantic Money aims to make international transfers easier and cheaper.... £3 to be exact. So what's the catch?

No reviews yet. Write a review
Atlantic Money aims to disrupt the disruptors (e.g. Revolut and Wise, who themselves disrupted the high-street banks a few years back). It’s doing this by offering international money transfers at interbank exchange rates (most services offer an inferior exchange rate and pocket the difference – making it hard to know what your transfer’s actually costing), and charging a single flat fee of £3. On anything other than very small (like under £100 small) transfers, that’s ridiculously good. So what’s the catch? The catch(es) are really just some of the limitations: it’s app-only but there’s no Android app, the range of supported currencies is fairly limited for now and you can’t set rate triggers or limits. But if you can work with that, you’ll struggle to find a cheaper service.

Atlantic Money transfer calculator

1 - 1 of 1
Name Product Fastest transfer Fee Key benefits Amount received
Atlantic Money (iPhone only)
Within minutes
Pay no fees on your first Atlantic Money transaction with this link.

Compare up to 4 providers

Please note: You should always refer to quotes you receive from transfer services themselves directly for exact amounts as they may vary from our estimates.

Atlantic Money pros and cons


  • Transparent fee structure. Atlantic Money has one of the most transparent fee structures around, with no mark-up on exchange rates.
  • Low fee. Depending on the amount you’re sending, that simple low fee will be hard to beat.
  • Easy to use app. Atlantic Money’s app is about as slick as they come. You can be up and running within just a couple of minutes.


  • No Android app yet. There is no sign of an Android app yet (exploding head emoji).
  • Transfer speed. “Standard Delivery” will take at least 2 business days, while faster transfers cost extra.
  • App-based. Atlantic Money is all app-based and self-service. While it’s certainly a slick app, those transferring large sums may prefer an account handler to guide them through the process.
  • Limited currencies. Atlantic has launched with a relatively small selection of currencies.
  • No FX tools. You can’t set rate targets yet, or “lock-in” exchange rates (useful features for large transfers).

Bear in mind that you’ll start with a relatively low sending limit (typically £2,500-£5,000). The more you want to send, the more security hoops you’ll need to jump through.

This is part of the “know your customer” (KYC) requirements that all transfer services must adhere to. And all credit to Atlantic Money, it runs these checks before taking your money (Wise has come under criticism for doing this the other way around).

How much are Atlantic Money’s transfer fees?

£3, and that’s it. There’s no mark-up on the exchange rate. That’s exceptional, so let’s hope it’s actually a viable business!

Please note that it’s possible your recipient’s bank may charge a fee when receiving the funds.

What are Atlantic Money’s exchange rates?

Atlantic Money uses the “interbank” exchange rates, which is generally as good as it gets. There’s no mark-up or “margin” involved, just that flat £3 fee.

What are the ways I can send money abroad with Atlantic Money?

All of Atlantic Money’s transfers are done by bank transfer. This unfortunately means if you are looking to send cash or money straight to mobile, you will be better off checking out some of the bigger money transfer specialists.

How do I make an international transfer with Atlantic Money?

Atlantic Money transers app screenshot showing how to create a new recipient

  1. Get the app. All transfers must be via the app (there’s no web portal as yet).
  2. Confirm your ID You can get up and running simply by giving your name, date of birth, address and entering the code Atlantic Money texts you. But to send larger sums (over £5,000) you’ll need to upload photo ID. For really large transfers (tens of thousands) you’ll need to provide a bit more information, for example bank statements and the purpose of the transfer. This comes down to Atlantic Money doing its due diligence to check you’re not up to anything you shouldn’t be!
  3. Get a real-time quote Check you’re happy with the amount your recipient will receive.
  4. Add a recipient. As a minimum, you’ll need their IBAN (the number that identifies their account), name and address.
  5. Pay for the transfer Payments are powered by Open Banking, which means you can simply select your bank from a list and initiate a payment to your Atlantic Money account from their app. Alternatively, you can pay by manual bank transfer by scrolling to the bottom of the list of banks and selecting that option.
  6. Push the button That’s it – now you can sit back and track your transfer.

How long does an international transfer with Atlantic Money take?

Short answer: 2-4 business days. “Standard Delivery” takes 2 business days to convert the currency and then up to 2 additional business days to deliver the currency, depending on the destination. That delivery time is instant for Euros, 2 days for Australian dollars and 1 day for Canadian dollars, US dollars and most other supported currencies.

You can sometimes (depending on demand and timing) get the option to choose “Express Delivery” for a faster transfer at an extra, varying cost.

Is Atlantic Money safe?

Atlantic Money is authorised and regulated in the UK by the Financial Conduct Authority (FCA), as a payment institution with reference number 947491. If a transfer service is not authorised by the FCA, it’s best avoided.

While your funds are held by Atlantic Money they are not covered by the Financial Services Compensation Scheme (FSCS) which can compensate customers in the event that a financial institution goes bust. This is not unusual.

Atlantic Money was founded in London in 2021 by Patrick Kavanagh and Neeraj Baid – themselves ex-pats from across the pond.

The verdict: Are Atlantic Money international transfers any good?

Put simply, yes. If you’re transferring £100 abroad, then Atlantic Money’s £3 flat fee might not be that exciting. For larger sums, though, it’s hard to beat. In fact the only way you’re likely to beat it is by using rate triggers (these allow you to trigger a transfer when a rate hit’s a target of your choosing) or with locked-in rates (where a transfer service honours a rate quoted earlier, even though the interbank rate has since worsened). If you’re transferring several thousand pounds and want to tap into those sorts of features, you might be better off with a broker like TorFX, where an account handler can help you through the process.

But for self-service, everything-in-the-app transfers, these prices are market-leading. We’d like to see Atlantic add more features to the app in due course – firstly an Android version, then support for more currencies, then rate triggers. But all-in-all this is a seriously impressive debut!

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

More guides on Finder

  • Wise vs Xoom

    PayPal’s native international transfers service goes up against the UK’s own Wise.

  • Western Union vs Wise

    Wise beats Western Union on exchange rate but has a way to go to match Western Union’s features (you can’t send cash) and global coverage.

  • Apps like Ria

    Find iPhone and Android alternatives to the popular Ria app for overseas transfers.

  • OFX vs Wise

    Compare live quotes and forex features from these two trusted global transfer specialists.

  • Apps like Xoom

    Find alternatives to PayPal’s Xoom and compare costs on your next overseas transfer.

  • CurrencyFair vs Wise

    Two bank-beating heavyweights of international money transfers go head-to-head in our comparison.

  • TorFX vs Wise

    Wise and TorFX go head-to-head in our clash of the international money transfer platforms.

  • Apps like Remitly

    US-based Remitly has become a popular choice for overseas transfers, but other services may be able to support a wider range of currencies.

  • Best money transfer services 2022

    Compare diverse options to send money overseas and determine which pick is the best fit for your transfer.

  • Apps like WorldRemit

    WorldRemit is a trusted go-to for sending money overseas from the UK. But it does have some unusual limitations, such as not supporting transfers within the EU.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site